Re: МТ4 Trading Systems: TRADE EXPRESS

72
Excessive trading on Forex: how to get rid of bad habits?
Trading in Forex and other financial markets is a difficult job, the success of which requires the trader's commitment. And this fact is rarely realized by a person who just came to try his hand at predicting price movements.
Imagine yourself in the place of a novice currency trader. You set yourself the goal of earning money as soon as possible, but preferably more. We watched on the Internet educational videos from the so-called "gurus", read a dozen articles on all sorts of ways to quickly disperse the deposit and the magic break-even strategies.
Of course, immediately there is a desire with a head to plunge into the world of price charts and indicators to them. After all, it would seem, the conclusion is obvious: the more you trade, the more and sooner you will earn. And such a judgment is a direct way to stagnation, and even a slow melting of the deposit. Because quantity is the enemy of quality.
Excessive trading on Forex or, as it is also called, overtrading is a problem that has two roots. On the one hand, it is often subject to technically literate people, prone to excitement. On the other hand, those who are able to control emotions, but are not literate enough in understanding market laws. Consider in detail the possible cases when overtrading becomes between a trader and a profit.
Reasons for excessive trade
I want to be rich

In the first place in terms of prevalence in the list of reasons for overtrading is the banal greed of the beginner. It is worth mentioning at once that the desire to benefit itself is not supernatural now. This is normal for a mentally healthy person.
It becomes a problem when the speculator does not want to cope with the desire to make more deals in places, mainly for those not intended. "The malaise" is treated with an ordinary work on personal qualities, developing patience, and realizing that the broker's trading terminal is a working platform for conducting serious intellectual activity.
Urgent need
Motivation, which leads a person to trading, is different. It is good, when this type of activity is considered as additional earnings at the initial stage with the prospect of making it the main source of income in the future. In this case, the trader does not press anything, and he can lead a habitual life, regardless of trading circumstances.
Another thing, if the decision to trade came from despair, from the real need for additional funds. At this point, people are not thinking how to improve their trade. Thoughts are occupied with an unpleasant financial situation, which does not help and hinders making informed decisions. It seems that an unrealized deal could bring closer to the cherished goal. In other words, the fear of missing the chance to fix a cash-strapped situation is triggered.
If you open a trading platform with thoughts in a similar vein - it is strongly advised not even to try. With the approach of a desperate panic, you will not go far. Only the nerves will cost more.
The desire to win back

I think that this point is clear. Excitement did not lead anyone to the good. It's sad that most novice traders chuckle at gamblers who take down money in casinos and vending machines, not realizing that dependence on the desire to recover trading losses is no less strong.
Nothing so does not undermine the moral spirit of the trader, as unprofitable transactions. This is also a common error for traders of binary options, and in even more neglected form, if the trade is conducted on a one-minute timeframe, where for a few moments they risk losing their accounts completely.
It will be extremely difficult to adjust myself to the idea that losses are a feature of trade. It is even more difficult to learn after unsuccessful entries in the market to remain in a neutral psychological state, as before the commencement of trade. But when it succeeds, you can safely consider yourself a professional at least half.
Follow the crowd
So it has been customary since ancient times that people are collective beings.We tend to look at the actions of others, take into account their preferences, feel dependence on opinions. At first glance, it is not clear how others influence the decisions I make if I sit at the computer in splendid isolation?
The catch is this: brokers - and binary options, and forex - provide open access to statements about the actions of other customers. This information is in the form of either general statistics on traders' trades for the relevant period, or reflect the direction of the opened orders as a percentage, or even show how individual successful players operate.
It is especially painful when a person tries to copy the actions of several experienced traders, in the hope that they will get similar results. The fact that every successful trader owns a unique TC (trading system) is not taken into account. As a result, a beginner deals with a mixture of different, sometimes conflicting approaches to trade. In addition, no one knows what is happening in someone else's head. Therefore, one can not say for certain why a trader made a specific decision in this case - this is known only to him.
To understand why this does not work, I will give an example: for the history of mankind certain styles have been formed in art: architecture, painting, music. Each style is good and unique. But it is worth stirring them, and there is a complete lack of taste.
There is no limit to perfection
The trader at a certain point in his activity comes to a rapid slowdown in development. A person simply thinks that he has already acquired a sufficient amount of knowledge, which will allow him to remain afloat forever. Such a speculator already believes that it has outgrown the time when it was required to ask the question how to improve trade in the foreign exchange market.
But in vain. The international financial market is not static. The price is alive, like biological organisms. And it changes at such a speed that even the best ones have to regularly adjust and make corrections to the TS so as not to lose ground. Actually because they are in the top.
Cost of the price schedule
Strange as it may seem, but not one person is not guilty, that he is selling too much. A live graph for that is so called to be changeable and unstable. Adopt the fact that at times, even with a refined strategy and understanding of the business, nothing will turn out. Under the influence of events in the world economy, the price can behave unnaturally, atypically, giving many false signals. It is worth learning how to filter out such moments and exclude them from the trading session.
How to stop trading too much
Fortunately for Forex traders, mistakes can and should be learned to correct, if you carefully listen to the advice of more experienced comrades. The main ways to improve:
1. Get your own trading system. It will allow you to find suitable positions for entering the market. The number of transactions will be smaller, but the quality will increase.
2. Think about the appropriateness of each individual order. Answer yourself the question: do I open a trading position because I'm really sure of the correctness, or just want to make an action as soon as possible?
3. Do not trade in periods when after a string of failures there is a burning desire to recoup. It is better to close the terminal, relax and forget about the time for trading. Return to trade is after a complete moral recovery.
4. We advise you to give up the idea of ​​instant earning. Remember: more and better are different concepts.
Believe me, even the fact that you are reading this article already means that you are ready to change.
As you already understood, excessive trade is the worst enemy of Forex traders. And you need to know your enemy in person. The devil is not so terrible as he is painted. It does not matter if the statistics of your trades are in a deplorable state. After all, success does not come with the first million earned, but with the awareness of which path leads to its receipt.
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Re: МТ4 Trading Systems: TRADE EXPRESS

74
amdudus wrote: Sat Sep 22, 2018 6:15 am Excessive trading on Forex: how to get rid of bad habits?
.......
How to stop trading too much
Fortunately for Forex traders, mistakes can and should be learned to correct, if you carefully listen to the advice of more experienced comrades. The main ways to improve:
1. Get your own trading system. It will allow you to find suitable positions for entering the market. The number of transactions will be smaller, but the quality will increase.
2. Think about the appropriateness of each individual order. Answer yourself the question: do I open a trading position because I'm really sure of the correctness, or just want to make an action as soon as possible?
3. Do not trade in periods when after a string of failures there is a burning desire to recoup. It is better to close the terminal, relax and forget about the time for trading. Return to trade is after a complete moral recovery.
4. We advise you to give up the idea of ​​instant earning. Remember: more and better are different concepts.
Believe me, even the fact that you are reading this article already means that you are ready to change.
As you already understood, excessive trade is the worst enemy of Forex traders. And you need to know your enemy in person. The devil is not so terrible as he is painted. It does not matter if the statistics of your trades are in a deplorable state. After all, success does not come with the first million earned, but with the awareness of which path leads to its receipt.
Hello friend,
Short and sweet. That explains everything.
Magnificent
Best regards
Skyold
We create order out of chaos - we trade that order, but sometimes that chaos is out of order, so we WAIT!!! for the order to return - and we trade again. XARD777


Re: МТ4 Trading Systems: TRADE EXPRESS

79
amdudus wrote: Fri Jul 20, 2018 7:46 pm
You are right here:
1. What is obvious to me, may not be completely clear to others.
2. A very detailed instruction is needed.
3.Murray really on M1-M5 gives a very unclear position. I wrote clearly that on 95% yesterday in the weak American market on M1-M5 I worked for StopLoss Cluster. This is an amazing thing. It can be put on a bare schedule.
4. It is also true that in this quiet market I made 8.33% to the deposit.
5.Also the truth and the fact that this helped the indicators ZUP 150.148, KorHarmonic.
6. The truth is that the indicators are like lights in the car you drive. They can only help. So, for example, today I'm in GBP / USD. I am guided by my analysis today. The picture can be this: Sellers will count on the formation of a false breakout at 1.3048, which will lead to an increase in short positions with the test 1.3014. The fastening below 1.3014 may crash the British pound into the support range of 1.2957, but for this it is necessary to break below the low of yesterday's level of 1.2995, where it is likely that an attempt will be made to reverse the downward trend. If the pound is rising in the morning, you can go back to sales after updating resistance 1.3083.
Then I look at the indicators.
Good work, but we still wait for your "2. A very detailed instruction is needed.". I think, many readers interpretate the indicators different or don't know how they behave. Others see, that some repaint and don't trust the whole idea. Also, the pics are not as clear as you see them as some posters here told me. So, 2 months later, I still think, you should point out more, maybe with pictures, how you trade your systems, which tf you watch and trade and make clear rules like in this GENERAL RULES:
Go long with sl at indicator x line and tp at least 2 times higher when
1. green dotted lines are under price
2. Murray Math lines are much higher...
Thanks.


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