To open a Forex account in its real monetary value, trader must only learn how to work with a demo account before managing their own capital and develop their strategy. The very concept of this preparedness, lack of preparation for real trade that is much broader and involves matching a number of criteria.
The criteria for a successful trader:
1. Regular Forex trading over the last six months or more. Sometimes constant changes in Forex market leads to the fact that the system is designed for a demo account may become outdated, but if you have enough experience as an experienced trader, you will keep the deposit and even earn;
2. The practice of trading in various systems and styles. Having one once and for all systems produced more promises for 100% winning trade. Any system needs to be improved in accordance with the changing conditions, and help with the analysis of their own actions and to find a suitable method of operation in the event of failure;
3. The percentage of profitable trades to unprofitable for a considerable time period should be decided in favor of the former. At failures in the demo trading there is no need to go to the real, because just the desire to make money is not enough: the required skills and emotional control, and trade at a loss may indicate a lack of both;
4. Keeping a diary proprietary trading activities. That diary entries allow you to analyze the operation on a demo account and then when you open a real account, use this experience;
5. Having our own trading plan and strategy that can bring a stable income. This is perhaps the most important criterion. Forex trading requires the trader's clear and concerted action, working solely on his own. Otherwise, he just lose his real account.
The logical conclusion.
If the trader is unable to comply with the above criteria, the real trade, which operates large sums of money, yet he is unprepared. The best option would be for him to return to the demo account and honing his own skills. There is nothing offensive: in this way sometimes comes an experienced Forex trader, when he wants to test it in practice, developed a new strategy and tactics of trade.
The criteria for a successful trader:
1. Regular Forex trading over the last six months or more. Sometimes constant changes in Forex market leads to the fact that the system is designed for a demo account may become outdated, but if you have enough experience as an experienced trader, you will keep the deposit and even earn;
2. The practice of trading in various systems and styles. Having one once and for all systems produced more promises for 100% winning trade. Any system needs to be improved in accordance with the changing conditions, and help with the analysis of their own actions and to find a suitable method of operation in the event of failure;
3. The percentage of profitable trades to unprofitable for a considerable time period should be decided in favor of the former. At failures in the demo trading there is no need to go to the real, because just the desire to make money is not enough: the required skills and emotional control, and trade at a loss may indicate a lack of both;
4. Keeping a diary proprietary trading activities. That diary entries allow you to analyze the operation on a demo account and then when you open a real account, use this experience;
5. Having our own trading plan and strategy that can bring a stable income. This is perhaps the most important criterion. Forex trading requires the trader's clear and concerted action, working solely on his own. Otherwise, he just lose his real account.
The logical conclusion.
If the trader is unable to comply with the above criteria, the real trade, which operates large sums of money, yet he is unprepared. The best option would be for him to return to the demo account and honing his own skills. There is nothing offensive: in this way sometimes comes an experienced Forex trader, when he wants to test it in practice, developed a new strategy and tactics of trade.
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