Make the Rules- Overcome the Fear

By singapore trader reports

Renowned trading coach Price Headley, author of "Big Trendsin Trading", once wrote about the dangers of letting your ego control your trading decisions, especially the three critical decisions of how much money to risk, when to enter a trade and when to get out.

"The ego desires to make discretionary decisions because it desires to appear sophisticated, and daring, and to relieve boredom. But the point of trading is not sophistication, or excitement. It is to make money. So the key question to ask is, 'What is the most effective way to trade?'. And the answer is, 'Very systematically'."

The key to successful trading, he concluded, is the consistent application of clear, well-conceived and objective trading rules. One of the cruelest paradoxes of this incredibly fascinating and challenging pursuit is that trading seems to offer so much freedom, seemingly unlimited freedom to those who are successful at it, yet requires so much regimentation and self-control. An out-of-control trader, whether rookie or seasoned veteran, will crash and burn quickly. A trader in control of his emotions has the game nearly won at the start.

The problem is, once the game is on, self-control seems to evaporate like water in the Gobi desert. But a good set of trading rules will give the newbie a fighting chance, and keep the veteran in the game long after many of his or her fellow traders have moved on to less stressful pursuits. Your rules don't have to be sophisticated or designed by a Nobel Prize-winning economist. In fact, the simpler the better - as long as they are clear and as long as you follow them! Otherwise you will succumb, as every trader does on so many occasions, to what the trading psychology guru Mark Douglas called "The Four Primary Fears".

In his classic book "Trading in the Zone", Douglas wrote that all trading errors - every single one - result from succumbing to one of these Four Primary Fears:

1. The fear of being wrong.

2. The fear of losing money.

3. The fear of missing out (on the trade and profits).

4. The fear of leaving money on the table, or giving back open profits.

These fears lead traders to second-guess their well-designed systems, causing them to exit before an exit signal is given, or to jump in before an entry signal is given. We've all jumped into trades too soon, afraid that the market was going to run away without us. And we've all jumped out too soon, whether second-guessing the entry and not waiting for the trade to develop or snatching the quick profit instead of letting the trade play out and hit our target. Witness the Four Primary Fears in action.

The solution?

1. Have a well-designed (and profitable) system.

2. Have a clear set of rules for entering and exiting trades.

3. Follow your rules!

A well-designed system allows you to trade securely, even serenely, in the knowledge that over time you will make money, and that the result of any single trade doesn't matter to the profitability of your system. After all, losses are part of the best systems ever designed. So is giving back some open profits on each trade. To expect otherwise is to expect, literally, perfection! And in this business, as in life, that is not rational!

So, have faith in your system and faith in your rules and trade well. If your system is a good one you will make money. But perhaps just as importantly, if you follow the rules of your system, instead of reacting to your emotions when deciding whether to enter or exit a trade, the whole enterprise of trading will be much more enjoyable for you. CFD FX Report is a real time tool for clients with an interest in the trading of stock markets, stocks, indices and commodities globally and forex. - 23200

About the Author:

CFD FX Report is a real time tool for clients with an interest in the trading of stock markets, stocks, indices and commodities globally and forex. Trading ideas, member support try today with a Free 1 week Trial

Forex Report- Don't lose captial

By fxreport

When it comes to Forex Trading and making money out of the Forex Market there are many Forex Trading myths, so we will uncover the 3 biggest myths as to why people lose money. You also need to understand that over 90% of traders will lose money and these are some major reasons why. So this is a must read if you want to protect your capital.

1. Not expecting to lose

People have been caught up with the myth that they can pick the market 80% of the time, and only have occasional losses this is a major forex trading fantasy. This is normally claimed by forex robot sellers, so be very careful if you hear this figures.

There are times when you have great trading runs, don't get me wrong but over the long term these figures aren't real. Most of them that claim these figures normally use back tested un audited figures which just aren't true. Make sure you do your research through search engine checks as well as visiting forums.

2. Simply following other

Many forex traders think they can follow a simulated track record and make money from simply buying a program or robot without any experience. Simply if it was this easy everyone would be doing it. Also if someone did have this wonderful fool proof system would they sell it? More than likely not, so purchase with caution and be prepared to lose. Most successful trainers have put time and effort into educating themselves to become great traders not buying programs. If you are looking for great free education then visit the CFD FX REPORT they specialize in educating traders in becoming great traders.

3. Forex Tradingis Simple and Easy- Anyone can do it. Part of this is true anyone can do it, but it is far from simple and easy. You have to learn educate yourself which isn't easy.

You have to put in the work to ensure that you win. So the next time you hear these myths be very careful and do your research first, it will save you a lot of money and heartache. - 23200

About the Author:

The CFD FX REPORT is a real time trading tool that offers clients free trading reports, with trading ideas, stock market and forex market education as well helping them with. Also if you are looking for a Forex Broker, then feel free to visit our broker section as we recently reviewed all the forex brokers and have found the best on the market.

A Trading Tale

By Rick Amorey

Once upon a time, people who want to invest needed to call their brokers on the phone to place an order. The broker then inputs the order into a system that is linked with trading floors, and the order is made. This was a complicated time to invest, and you really had to know what you were doing if you were to get your money invested.

This time is thankfully long past. With the advent of the Internet, a lot of potential investors can now place their orders online and even trade with other investors through Electronic Communications Networks. There are a number of orders that are still directed to a broker for approval, of course. This is done to protect the client as well as the brokerage firm from improper trades that could damage the client's portfolio. But all in all, the system is a lot easier now.

Although, easier is not always the same thing as safer. Akin to the old phone call method of before, investors may still fall prey to disreputable brokerage firms that will only scam the investor out of their hard-earned money. If anything, it's a lot easier to build a fake identity on the Internet, so skepticism is a virtue in these times, when dealing with finances. It is good advice to triple-check the credentials of the brokerage firm you're looking at; ask if they're licensed in their state. This is important for an investor to know.

Anyone who wishes to invest should know the dangers when placing an order without seeking advice from a trained Stock Broker or Investment Advisor. If you do not go for their experience and knowledge in these, or if you neglect their advice, your endeavor will most likely be doomed to failure. This is why a lot of online brokers offer a number of investment tools.

Finally, an investor must be fully aware of the business, sector, and financial statements of each company who they want to buy stock from. This knowledge will help you from being to rash about your decisions. Remember these things, and you will be okay when it comes to online trading. - 23200

About the Author:

Rick Amorey does not advice you to go for get-rich-quick schemes that are rampant on the Internet! With the help of Emini Trading, you will learn a disciplined, solid methodology that will get you to consistently earn more and more with trading. Join the Emini Trading System now!

Trading the Forex Market New Zealand

By fxbroker

The FOREX market is the fastest growing market in the world which runs 24 hour day and almost 6 days per week, so you are not limited to the traditional market hours. This allows you trade anytime you want. So even if you have a full time job you are able to trade when you get home, which can help generate a second income.

Learning to trade the FOREX market:

The FOREX market works on trading countries' currencies, for example the pound versus the Us Dollar. You'll need to learn how the FOREX market works in order to be successful, but it's not that difficult to do. To learn to trade you can acquire some books and start learn, attend trading training courses or you can visit the FOREX FX REPORT and they can point you in the right direction to start trading.

The fastest way learn trading the FOREX market is to do so by doing what's called "demo trading." With demo trading, you practice trades by finding an online FOREX broker and then signing up for a demo account. This is similar to paper trading except you are doing it live. All you need to get started is a computer and internet access, so it is not expensive to start to learn to trade the FOREX market. With your demo FOREX trading account, you don't trade with real money, it is all pretend money. Instead, you learn how to place orders, when to get in, and when to get out of trades. If you are looking for the Best FOREX Broker visit the CFD FX REPORT they have recently reviewed all the brokers and have found who they believe to be the Best Forex Broker.

In addition to you place your first FOREX trades, the benefit is that you can place orders and you don't have to be online 24 hours a day. So what you can do place start or stop orders automatically based on your entry and exit points. The other thing with the FOREX markets today is that you can also have automated FOREX Trading systems which will automatically place orders for you.

Psychology of trading and understanding the FOREX market: Starting out demo trading is the best way to begin as it teaches you how to place orders, the importance of entering and exiting trades. That is, you're going to learn how to both lose and win with FOREX trades. That's important, because even the most successful FOREX traders don't win on every trade.

Instead, they keep their emotions out of their trades and get in and get out when their data tells them they should. That means, you'll need to be able to get out of a trade that's making you money because your data tells you that it's about to take a significant dive south, and you'll need to be able to get out of a trade that is losing money instead of staying in, in hopes of making the money you've lost back.

Finally you should never trade with money that you can't afford to lose, as what it does is put pressure on you before you start and can cause you to make incorrect trading decisions.

These few simple rules can help you become very successful at CFD FX REPORT. Take a look at this fast-growing market and see if it's for you as there is a lot of money to be made if you have the right plan. - 23200

About the Author:

The CFD FX REPORT is a real time trading tool that offers clients free trading reports, with trading ideas, stock market and forex market education as well helping them with. Also if you are looking for a Forex Broker, then feel free to visit our broker section as we recently reviewed all the forex brokers and have found the best on the market.

How to become a Trading Millionaire

By stockmarket

If you want to succeed in Stock Market, you need to experience what your doing and do it right. This is not like going up on a bike and starting to cycle. It's more like get in the driver's seat of a motorcar with an teacher at her side, help them understand the rules of the road while moving safely through the traffic. successful traders live by the 'road rules and avoid heading in the wrong way for access to the examples of the past, sometimes yes, sometimes more.

When you get a chance to go to a seminar where the success of Stock Market traders are talking about, jump on the opportunity to learn all the details on what led to their succeeder. Meanwhile, follow these guidelines to get the engine and mind into the busy road of exchange operations.

1. Advice. In That Respect are thousands of people who have gone before and not so much the succeeder or seen a amount of both. Read books, collect information, the formation of free trial. The more you know and understand about the foreign exchange, the better their potential for success.

2. Not enticed to trade more than they can afford. Stock Market is dangerous and even the most seen brokers and traders may have unforeseen losses. The main trouble is not going beyond their means and then risk turning a loss the money needed for life, either now or in the future.

3. It is not used outsmart the market. Interpreting and forecasting of trends in the movement is something that even the professionals and had to spend years, if not decades, fathoming. Always sell to markets that are not performing and which are signs of weakness. Trying to be intuitive and make rash predictions only lose money.

4. I understand that in world is just a game. It may seem like a wrong comment, but it is necessary to obtain results that are not too serious. Considering that the next one million dollars because the man has only one triumph, and feelings can lead to more skills that you become the next Pedro Pinch cent. Have the high and low trying to avoid.

5. Draft victory away. Whatever happens in the short term must be good for the long term. Low may help you understand where it has failed, while high can help you determine what to duplicate next season. Trading in the Stock Market market, you will see a multitude of changes in the market on a daily basis. What really matters is the long-term results. You must keep Chipping away from them and reinvesting its "champion" toward greater succeeder.

6. Ending loss positions. Not continually throw money into a hard trade is expected to improve. Probably not. experience out while you can. Are you sure you lose money, but the loss of "some" is better than losing everything.

7. Be controlled. When you finish your homework, stick to your system. Do not try to outdo yourself for being cocky and throwing more money into the market and just watch closely.

8. Keep a cool brain during services. Before making a transaction, you use and the assessment to decide what to do.

When trading begins, it may be attractive to include the flow of adrenaline and do more than what was planned. Stick to the plan and avoid trying to do under pressure. If you participate in exchange operations and see that it is not for you, but persevere is keep awake at night. Market volatility in foreign exchange trading can be so intense that it could send a dizzying. Note that There are other forms of trade that is not so involving her immediate attention.

Now that you have the rules you will need to find a great broker so feel free to contact us for the CFD FX REPORT - 23200

About the Author:

The CFD FX REPORT