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Thread: traders

  1. #1 Collapse post

    traders

    Trade an bonus

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. #2 Collapse post
    I will suggest you check out babypips. It's fantastic.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. #3 Collapse post
    So um, this is a thread where people discuss traders? Ildar Sharipov and his instaforex, anyone?

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #4 Collapse post
    [Case study] How often are you tilted


    Costly emotions for a trader
    Professional traders close orders when they know the exact moment of exit. Beginners open orders when they see an excellent opportunity for entry. Therefore, their risk management strategies are vastly different.

    Raja is an intraday trader who opens and closes orders based on moving averages. Once, he had a miserable day.

    The awful day

    9:00 a.m. to 12:00 p.m.


    After researching several potentially profitable opportunities, Raja decided to make a move. He immediately opened five orders with considerable risk at 2%. The market was not in his favour that day as all of his orders automatically closed at the Stop Loss level, leaving only 10% of previous capital intact, which was devastating.


    12:00 p.m. to 3:00 p.m.


    Raja stuck to his strategy and opened four more orders to cover his previous losses. After funding his account with more capital, he quickly lost another 11% of his remaining balance.

    At this moment, his psyche broke and became unable to cope with the stress of having lost 20% of his capital in just a few hours.


    4:00 p.m. to 5:00 p.m.

    When your psyche is in such a fragile state, you're incapable of reason, and you can think about only revenge, and that's just what Raja did. He opened one last order with 5% risk and ended in the loss. The series of loses culminated to a total of –23.8%.

    Is trading not for me' or was I tilted?
    After a few days, Raja once again uncovered suitable opportunities to enter the market, but was too hesitant to place the orders. Raja's emotions were deciding his actions; this is commonly referred to as tilt in Forex trading. Traders are unable to execute their strategy and are only guided by their emotions. As a result, they lose money, but what's even worse is their motivation and self-confidence evaporates, too.

    Patience bears profits
    Raja employed the 2% rule but neglected the 6% rule, and subsequently lost more than he could afford.

    The rule of 6% indicates the level of acceptable losses per day. Exceeding this threshold could have many adverse effects.

    When losing more than 6%, you panic, question everything, and start making unwise orders.

    Let's see how much Raja could earn by using a better risk management strategy.



    Raja's strategy



    Ideal strategy



    Balance



    3455$



    3455$



    Risk Used: R = 2%



    11.9 R



    3 R



    Amount of orders


    10


    3


    Total balance


    2632.5$


    3248$


    Raja's result –615.5 USD

    While Raja may have lost his profit, he did gain valuable experience. Taking into account not only your mistakes, but mistakes of others can vastly improve your trading strategy.

    Trade patiently.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #5 Collapse post
    Please I need to know more on how to trade

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. InstaForex
  7. #6 Collapse post

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    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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