Trader is a human trader who tries and usually profits directly from trading. Usually traded for stock exchange, selling securities such as stocks, bonds, options, etc. Also, a trader can be called a person trading in the foreign exchange or commodity market. Trading, both on the exchange and on the over-the-counter market, is carried out by a trader. But it is impossible to confuse the concepts of "trader" with such as "broker", "dealer", "distributor", as these are completely different branches of sales. "Brokers" and "dealers" make sales in favor of their buyers or at their request.

The job of a trader is called trading.

Types of traders.

Professional traders - work in any financial firms, official enterprises. They have special education. They work in the interests of the institution or its clients, receiving a salary.

An independent trader or a private trader - these are self-employed, in their own interests they use the help of intermediary dealers in order to enter the system. Their work does not require any license and education. Successful traders or just consultants can help such people.

Forex demo account

Unfortunately, many beginners who come to Forex neglect such an important tool as demo account, which is offered to open on Forex to all new registered traders. Some, nevertheless, find time to pay attention to this program, but after a while they abandon it and start opening real accounts. This is an important oversight for beginners. In order to become a professional, in any business you need practice. Without it, it is very difficult to navigate the process of work. The Forex currency market is no exception, but demo account - this is the practice that every new trader must go through.

Forex demo account is a "dummy" account. In other words, the dealing center credits it with the N-th amount of money (usually from 1000 to 10000 USD), which you can play with. After registering a demo account, you will be provided with its number and password, which must be entered in the login window of the downloaded platform (the most common Meta Trader). After authorization, you will have access to all the same tools and opportunities as a trader who plays with real money. All movements of charts and quotes occur online.

Real and virtual Forex accounts

Many future traders who start trading know that at first it is necessary to perform the so-called running-in of the information received in practice. To do this, they use a demo account. This makes it possible to find out what nuances generally exist during trading, and what to expect from currency dealing.
A demo account has both advantages and disadvantages. Many people think that using this method is inefficient and only takes a lot of time. Naturally, trading in real life will give more experience and knowledge and will provide an opportunity to understand psychology. After all, it is important not only to develop a line of conduct, but also to take into account the mood of the market as a whole. It turns out that if we consider the demo account sequentially, we can notice not only positive, but also negative spectra.

Capital Management or as it is also called, money management is a basic rule, under which you will never lose your deposit in the Forex market.
Written a large number of books on this topic, but everything is so intricate in them, as if these books are written by doctors of science, but in fact everything is simpler than ever.
What do we need to do to capital Management became more efficient and we never lost our deposit.
We need to limit our losses.
We must determine how much of our funds we can lose in one transaction. For example, we decided that we could lose 1% of the deposit.

Our deposit, for example, is $1000, then we can lose no more than $10 in one transaction.
Stop on our system, for example, 100 points, and then we need to choose a lot size such that, when triggered, our loss does not exceed 1% of the deposit, as we have a depot of $1000, then it should be $10.
If the value of a point is $0.1 and the stop is 100 points, then our lot should be $0.01.

It should be recognized that many traders in the process of trading are very disturbed by emotions. The euphoria from a successful transaction, even closed with minimal profit, pushes the trader to make new transactions. Thus, the general trading plan is violated, the risks are not taken into account, and the losses received from such emotional trading are inevitable. In general, you need to follow the rules of trade. It is necessary to approach work on Forex systematically. Many, of course, trade with trading robots, but if you prefer to trade manually, there is nothing to do in the market without a trading plan. You need to decide what goals you set for yourself for different time periods (month, week, day). After all, the revaluation own capabilities, the pursuit of the so-called "long ruble" and serves as a pretext for subsequent problems. If you follow the rule “slower, you will continue”, you are much more likely to stay on the market in the first months of work than if you chase big profits. Traders with experience know the situation when a signal appeared on the trading system, a position was opened, and sometimes several without a stop, and the next day the deposit was completely merged. To avoid this, it is necessary, first of all, to decide on the timeframe, or the time period on which you will work. Experienced traders prefer daily, 4-hour, hourly periods.

In this article, we will talk about how you can achieve great results in Forex. First of all, it is necessary to find answers to a number of important questions. Is it true that it is almost impossible to win big money in Forex? What to rely on and what to focus on in the game? Is the minimum knowledge in the field of currency movement enough, or is another important factor necessary - the factor of luck? And the most interesting question for you is HOW TO WIN?
So what do we know about forex? Let's answer this question very plain language accessible to everyone: forex is a site where money is bought and sold. And in a little scientific words, this is the international currency market, where they buy and sell currencies. Well, everything seems to be clear. I think many of you already know that there is a special terminal for playing Forex, which you can download on the official website of the company. It is through this terminal that all your transactions will be carried out, in other words, the terminal is a chessboard for playing chess. All this is understandable. If you already have enough money in your account to make the first transaction, you can do it at any time convenient for you (of course, except for weekends when all exchanges are closed).
Thus, we have reached the most interesting and enjoyable moment - the actual process of the game. It is very easy to start the game. One or two buttons - and that's it, the deal is done. But, of course, you just won’t do it, because you can lose everything right away. Before that, you will try to read a number of articles, including this one, try to find help from already "experienced players", etc. But I think the most needed help in this area lies directly in practice. The practice doesn't have to be about risking your money. There is a demo version of the game where you risk nothing, but gain a lot of experience for the future.
After you already know how to make deals, you know what you risk by making such a deal, you are already interested in a completely different question - how to win? But first of all, let's try to answer the questions that were mentioned at the beginning of the article.

Success in the field of exchange trading is directly dependent on the discipline of the trader. Good self-organization is a guarantee of profit, and a lack of discipline will be a direct path to financial ruin. Discipline must accompany every trade every day. There is a certain set of rules, following which will help Forex traders to close transactions with a positive result during each trading session.

1. Always lower the lot size if the trade is not in your favor. If your trading strategy is not profitable, then it is worth reducing the pressure and waiting for the moment when your predictions begin to come true. After making sure that the chosen path is correct, it will be possible to raise the stakes again.

2. Don't leave a profitable trade a chance to become a losing one. This rule can be rephrased - you can not be greedy. Having caught the trade flow by the tail, be content with little. Remember that during the current trading session there will be many more opportunities for enrichment. While you are waiting for the price to move further, the market turns against you, creating doubts, causing you to hesitate. Meanwhile, the loss that the trade brings continues to grow. Remember that the result of each particular transaction should not fundamentally affect the daily trading result, either positively or negatively.

3. Discipline must accompany every trade. One out of ten trades, left to chance, can spoil the result of the entire session.

At the moment, Internet brokers offer very different orders, which should protect the investor from significant losses. The most common order of this type is a stop loss, but there is also another order called a trailing stop. It is the last order that is often found in the arsenal of successful players.

In most cases, to minimize losses, traders place a stop-loss order in the terminal of their broker. It allows you to close a position at the moment when the price has reached the minimum or maximum mark that the trader has set. This good method prevent market losses, but far from the only one.

At first glance, it seems that a trailing stop is very similar to a stop loss, however, when the price moves against the trader, this similarity ends very quickly.

A trailing stop, due to its nature, is more flexible than a stationary stop loss. It is the first type of order that allows the player to protect his capital at the moment when the price starts to move against him. And when the price moves in line with the trader's expectations, a trailing stop allows you to protect a significant part of the profit.

However, it should be noted that any order with the word "stop" means that the trader wants to minimize the risk. The difference is that the trailing stop automatically follows the price, it is not stationary, so it can be used to track big number open positions. It sets the possible number of losses without limiting the profit. In addition, almost all brokers that work with a stop loss offer a trailing stop.

The best option is when a trader starts to combine these two types of orders, then he significantly minimizes the risks. However, the trailing stop must be deeper than the stop loss. First, the trader sets the maximum allowable risk, and only then begins to place orders.

The main advantage of the combination is the ability to completely eliminate the emotional component of trading. If everything is done correctly, then trailing stops can work on their own without the help of a trader.

Nobody will argue with what the best way to make money for a trader will simply stop losing them. However, this is quite difficult, since risks always exist. The following tips will help you stop losing money and be among the winners.
1. You cannot trust the opinions of various market analysts. It is your money that is at stake, not theirs, so they can say whatever they want. Better do your own research.
2. Don't be a fan of one company. Trading is not an investment, therefore balance sheets are not applicable here.
3. Always follow your exit and entry rules.
4. Don't try to get out of any situation. Any action you take should be based on your merit, losses should be accepted with absolute detachment and continue to follow your rules.

5. Concentrate on the trading process. No need to constantly think about how much money you will earn, just do your thing.
6. Don't look for a secret trading formula, it just doesn't exist. Most lose because of a lack of self-control, not a lack of knowledge.
7. Always be disciplined. Everyone can learn the rules of trading, but only a few of us are able to “control ourselves”.
8. Constantly look for warning signs. In most cases, devastating losses are preceded by certain events in the market, they must be able to identify and adequately respond to them.
9. Always act according to your plan. Remember what forced you to make a deal, do not give in to greed or fear.
10. Do not assume that trading provides a stable salary. According to statistics, a trader receives 80% of all profits for 20% of the time spent on the exchange.
11. Rely on your intuition. The inner voice is always trying to help you, it's just that many people don't want to hear it.
12. Share your personal life and trade. Do not approach the gaming terminal until you have settled all your problems, otherwise you will definitely lose.

And the rules of the terminal.

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If you want to know how to get started. Then this article was written especially for you, here you can watch this video:

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Fundamental analysis

You should start by studying the theory of trading. Be sure to pay attention to fundamental factors. These include seasonality, the profile of the state and, accordingly, the profile of the currency.

Learn more about the factors that affect the value of certain money. We are talking about such as: changes in the unemployment rate, GDP, the amount of exports, imports, and so on, in this matter you will be helped -,.

When all this is known, and you understand that there is an obvious connection between fundamental factors and exchange trading, you can pay attention to the influence of rumors on in.

This point is well described in . After you have understood how important the fundamental points are, you can move on to the technical ones.

But first, do not forget that there is an opinion that has the right to exist, it says that two approaches are suitable for trading - fundamental and technical. And it is not at all necessary to create a symbiosis of them.

Technical analysis and terminal operation rules

In technical analysis, it is important to get acquainted with the principle of price movement along a coordinate system. Learn to understand that this movement can be profitable due to the contracts available for conclusion.

When this is done, you need to combine the knowledge of the terminal with the knowledge of the graphics. For example, it is important to learn how to read the onset of a “flat” not visually, but using a special indicator.

If you managed to learn this, then you need to go over the top. To the list of indicators, you can add% R Williams, which I talked about in the article -.

Have you dealt with the surge? Take on the volumes, read the article about it -. They can also give excellent ones. I hope you did not forget to learn how to build correctly and where the channels come from.

Further, it would not be bad to understand the simplest indicators among them, of course different types moving averages. These indicators are able to give very reliable signals. Therefore, they are still used in trade for the most eminent masters.

And don't forget, you're not just busy learning technical and fundamentals. You dress up in the clothes of the inhabitants of the islands. Because, having mastered the profession of a trader, you will not need to live on the mainland and go to work when everyone goes. It's a completely different life. With its strict rules, but the Pina Colada cocktail is guaranteed to you in the morning, and the sea surf will accompany you every day!

Create a trading system

Develop it on paper.

The development of the system is carried out first on paper. It can be a trending system, it can be a reversal one (for example - or ), it can be a " " system, but each of them has its drawbacks.

For example, trend indicators are completely unsuitable for channel trading. they will help here, but this is already a reversal system. So you will have to balance until the system produces stable and predictable results on paper. When this has been done, go to the "demo account".

Checking the system on a "demo account".

In fact, working on a “demo account” is part of the psychological preparation of a trader for working on real ones. If you decide to go this route, then you will have the choice to register a demo account with him. For example, or Alpari are great. When registering, you may be asked for some personal information, such as your residential address, as well as the number of any identity card.

The main characteristics of an account that you should pay attention to when opening a demo account. Deposit size, minimum lot, minimum step when increasing the lot, other characteristics.

Go to cent account.

Checking the system on a cent account is similar to working on a "demo account". You also cannot boast of what you have earned, however, you are already experiencing real pressure. Since, although the money is not big, you don’t want to lose it.

In general, there is an opinion that working on a cent account is very different from a “demo account”. This is true only if you opened an account without money, without looking back at what your cent will be. If they are identical in their parameters, trading should give you the same pleasure.

Go for larger amounts.

In order to switch to larger amounts, only a growing “statement” is not enough. Modern companies create entire departments whose task is to attract money to the company. Among the methods they use are:

1. 1. PAMM accounts.
2. 2. Trust management.
3. 3. Systems of "referral" attraction of clients.

That is, you can trade large amounts that investors have entrusted to you!

And other.

You will have to work hard before your success will be noticed. Some well-known traders, for example, won specials for the sake of fame. Others organized schools. Still others created printed publications, from the pages of which they worked to raise capital.

Constantly refine and test the strategy

The main rule for creating a win-win strategy, oddly enough, is to look for its flaws. You must constantly ensure that the strategy does not cease to be profitable.

If you notice a slight deviation from the norm, it's time to refine it. Look for methods that will make it easy for you to reach your target income level.

After such a set of measures is found, it's time to move on to testing. First on paper, then on a “demo account” and then on a cent account. And only now the method can be applied on a large amount.

Train your mind for big losses and big wins.

Get rid of the addiction of the loser.

There are many people who cannot cope with the simplest and most trivial problem. Stop losing. They are just used to having their capital constantly going to zero.

1) Making a profit.

To earn on Forex market, you need to buy one currency for another, and then sell it more expensive, or, which is the same thing, sell one currency for another, and then buy it cheaper.

Despite the fact that there are dollars on your account, you can sell any other currency at any time. Thus, you can earn not only on the rise in price of the currency, but also on the reduction in price.

The amount of profit received depends on the difference between the purchase price and the sale price. If you incorrectly guessed the direction of the price change and bought a currency that began to fall in price, you get losses.

2) The volume of the transaction.

The amount of profit received also depends on the volume of the transaction, i.e. amount of currency bought or sold. The larger the volume of the transaction, the more profit you will receive when the price changes, but the greater the risk of possible losses. If you are willing to take risks in the hope of making a big profit, choose a high degree of return and risk. If you want to earn a little, without the risk of losing a large amount, choose a low degree of risk.

3) Making a deal.

To start trading, you need to make a deal:

Select the currency you want to earn on the change in the price of which

Choose the direction of change in the price of this currency (will it go up or down)

Select another currency against which the value of the first currency will be measured.

After that, you must request the current price of the selected currency pair, and having received the price, confirm the conclusion of the transaction by clicking on the button with the price. The received price remains valid for a few seconds.

4) Open deal.

After making a deal, you have an open deal. With an open trade, each change in the rate leads to a change in your current profit.

5) Closing the deal.

In order to fix the profit (i.e. credit the received profit to your account), you need to close the deal, i.e. sell for the currency that you bought at the conclusion of the transaction. Closing a trade is carried out in the same way as opening a trade. After the trade is closed, the change in the price of the currency pair no longer affects your current profit.

6) Choice of profit level.

You can set the amount of profit you want to earn. If, as a result of a change in the exchange rate, the current profit on your transaction reaches the specified level, the transaction will be automatically closed, and the earned funds will be credited to your account. The profit level can be set when making a transaction. You can also set, change or cancel the set profit level for an open trade.

7) Loss limitation.

You can limit the possible losses on the transaction, in case you guessed the change in the price of the currency incorrectly. If, as a result of a change in the exchange rate, the current loss on your transaction reaches the specified level, the transaction will be automatically closed. Loss limit can be set when making a trade. You can also set, change or cancel the set loss limit for an open trade.

If the loss limit is not set, then the possible losses are still limited by the size of your deposit, you cannot lose more money than what is on your account. If, as a result of a change in the exchange rate, the total current loss on your open trades reaches the size of your deposit, all trades will be automatically closed.

8) Traded currency pairs.

VirtaFX trades on the following currency pairs:

EUR/USD euro/dollar

GBP/USD British pound/dollar

USD/JPY dollar/yen

USD/CHF dollar/Swiss franc

EUR/JPY euro/yen

EUR/CHF EUR/CHF

CHF/JPY Swiss franc/Japanese yen

AUD/USD Australian dollar/US dollar

NZD/USD New Zealand dollar/US dollar

USD/CAD US dollar/Canadian dollar

CAD/JPY Canadian dollar/Japanese yen

9) Minimum price change. Profit calculation.

For currency pairs EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CHF, EUR/CHF, USD/CAD, the minimum possible price change is 0.0001.

For USD/JPY, EUR/JPY, CHF/JPY, CAD/JPY currency pairs, the minimum possible price change is 0.01.

For currency pairs EUR/USD, GBP/USD, AUD/USD, NZD/USD, the profit on a deal with a volume of 1000, obtained with a minimum price change, is $0.1

For the USD/JPY, EUR/JPY, CHF/JPY, CAD/JPY currency pairs, the profit on a 1000 trade received with a minimum price change is $10 divided by the USD/JPY rate. For example, if the USD/JPY rate is equal to 118.37, then the profit on a deal with a volume of 1000 on the USD/JPY, EUR/JPY, CHF/JPY, CAD/JPY currency pairs, received with a minimum price change, will be equal to $10 divided by 118.37, t .e. $0.08

For the USD/CHF, EUR/CHF, USD/CAD currency pairs, the profit on a deal with a volume of 1000 received with a minimum price change is equal to $0.1 divided by the exchange rate of the second currency indicated in the pair to the US dollar.

For any trades, the profit is calculated as follows:
The profit is equal to the trade volume divided by 1000, multiplied by the price change, divided by the minimum price change, multiplied by the profit on a trade with a lot of 1000 received at the minimum price change.

10) Commission.

A fee is charged for each transaction. The commission is $0.2 for every 1000 trade volume.

11) Commission for the extension of the transaction.

If the trade is not closed on the opening day, then a commission of $0.15 per 1000 trade volume is charged for the extension of the trade. The renewal fee is charged on all open trades as of 21:00GMT.

12) The maximum volume of transactions.

You cannot make a trade with a volume of more than 10,000,000.

The total volume of your open trades cannot exceed the amount of your deposit multiplied by 100.

13) The minimum volume of the transaction.

The minimum trade volume is 1000

14) Minimum values ​​of profit level and loss limits.

The profit level and loss limit you set for a trade must be at least $1.2 for every 1,000 trade volume.

If you set or change the profit level for an open trade that has a current profit, then the value of the profit level must exceed the existing profit by at least $1.2 for every 1000 trade volume.

If you set or change a loss limit for an open trade that has a current loss, then the value of the loss limit must exceed the existing loss by at least $1.2 for every 1000 trade volume.

15) Changing an open deal.

You can change an existing open deal, if your opinion about the future movement of exchange rates has changed, but you still do not want to close the position and fix the result of the transaction.

If you have become more confident in the correctness of your forecast, you can increase the volume of your trade, and thereby increase the possible profit. To do this, you need to make a deal on the same currency pair, in the same direction (for example, if you bought USD, then you also need to buy USD). With such an operation, the price of the existing transaction will be averaged with the price of the transaction of increasing volume, the current profit will remain unchanged.

If you have become less confident in the correctness of your forecast, you can reduce the volume of your transaction, and thereby reduce the risk of possible losses. To do this, you need to make a deal on the same currency pair, in the opposite direction, with a volume less than that of the existing deal (for example, if you bought USD, then you also need to sell part of the USD). With such an operation, the price of the existing transaction will be averaged with the price of the transaction of decreasing volume, the current profit will remain unchanged.

If you decide completely reverse your forecast, you can "flip" your trade. To do this, you need to make a deal on the same currency pair, in the opposite direction, with a larger volume than the existing deal (for example, if you had USD bought, then you also need to sell USD more than you had). With such an operation, the price of the existing transaction will be averaged with the price of the transaction of decreasing volume, the current profit will remain unchanged.

12:42 29.10.2013

Every novice trader is concerned with the idea of ​​how increase your deposit and at the same time minimize the risk. The key to success, as you know, lies in proper risk management and psychology, while the analytical skill of a trader is only about 15-20% of success. In this article, we would like to draw your attention to a few strategic nuances that will help you make money on the Forex exchange.

1. The opening of any position must be preceded by careful preparation, and there should be no exceptions here. You must explain to yourself both in a week and in a month what guided you when opening a deal. At the same time, you need to start with a minimum volume, and then increase it with a favorable market direction.

2. There are always big players on the market, who buy at the bottom and sell at the top. These participants should become "beacons" for the private trader, for which one should strive to buy and sell bounces from important lows and highs.

3. Golden Rule trading - let profits grow. If the market goes in your direction, then you should use moving stop losses. Naturally, at the same time, you need to be careful that the deal is not closed according to the order ahead of time. You need to set a stop loss either in the area of ​​highs and lows, or at 10–15% of the current profit level. At the same time, you also need to constantly adjust Take Profit upwards.

4. Successful trading in the market means protecting your deposit. Despite the fact that even the basic exchange trading course includes the rules for placing Stop Loss and Take Profit orders, traders always ignore these tips, hoping to close the deal manually. In this case, in no case should you add volume to a losing position. Each additional purchase should be more expensive, and each sale should be cheaper. If the market goes in the wrong direction, positions should be closed.

5. It is best to buy at an obvious support level and sell at an obvious resistance level. There are many participants in the market, and there is a good chance that they will use similar rules, forming a strong directional movement.

6. If you are trading in the middle and long term, you should review all open positions on a daily basis for compliance with your trading system. If you are buying, there should be further growth signals (as well as a good news background), if you are selling, there should be a downtrend in the market.

7. Also a well-known rule, but for some reason difficult to implement: trade in the direction of the current trend. In fact, it is similar to driving in the opposite lane. A private trader has three options: buy in a bull market, sell in a bear market, or stand aside, regretting the lost profit, but keeping his capital. As a rule, taking losses in any case is more painful than lost profits.

8. Forex trading is a purely independent activity. You should not rely on the advice of acquaintances or even professional analysts as the basis of your trading. All "advisers" are not responsible for their forecasts, you will have to pay for their mistakes. The only alternative to independent trading is trust management, but even in this case, the manager must be really qualified, and most importantly, it must be a person whom you know and trust.

Forex trading rules imply a number of basic recommendations, following which you can achieve maximum profit.

All of them can be easily used in real trading, and the result of their application will allow you not only to make a profit, but also to avoid possible losses.

These rules have been developed by traders with many years of active experience in the forex market and have been tested by hundreds of traders.

Trade high only with a leading broker

Basic rules of forex trading.

1. Before you start trading, make a strict plan. What you will follow, it can be a profitable forex strategy, or just a plan of action, taking into account the changing situation.

2. Relax and don't be nervous, you have probably noticed that usually trading on a demo account brings much better results than in real life, this is due to a change in behavior. Imagine that you are trading with virtual money.

3. Always record the result and analyze it, which led to profit or loss.

4. Be sure to place stop orders, and not only stop loss, but also take profit, these conditions are included in the main rules of forex trading.

5. Open buy orders when you receive bad news, and open sell orders when you receive good news, while opening positions when the market reaches the last reaction point.

6. Constantly learn from the experience of other traders and analyze archival materials on the movement of the market.

7. Trade with the trend, this will always lead to success, this way is less risky than trading against the trend.

8. Remember that the main thing when forecasting is to take into account not the indicators of various forex indicators, but the possible reaction of the bulk of traders, it will be the main factor affecting the price.

9. Do not trade on the entire deposit, differentiate transactions, always leave yourself a chance to recoup.

10. Do not open a huge number of orders, this complicates the work and deprives you of the ability to quickly close all positions.

11. Buying is done in an uptrend, selling in a downtrend, remember that you should not open a deal immediately, as soon as a trend has emerged, wait for its confirmation.

12. It is not necessary to memorize all the methodological materials on trading in the foreign exchange market, choose your niche and achieve perfection in it. Only then can you guess with a high probability the direction of the trend.

Forex rules, with their strict implementation, enable even a novice trader to work on the market with a fairly good result and make a profit with a modest investment of their own funds.