Trading discipline and a systematic approach in trading
Trading is a business and like any other business, it requires trading discipline and positive habits to have a chance of success. Experienced traders have long recognized that psychology and trading discipline trading are the integral part for success. However, many novice traders do not think about how to use the right mindset and discipline. Instead, many of them focus primarily on their strategy and the desire to earn a lot of money.
Before you make your first transaction, you will need to take a step back and think about what you are doing. The trading process entails making a certain amount of risk to gain a reward. And the bigger the risk, the higher the potential profit.
You also need to understand that you are involved in the business in which you are trying to make based on the probabilities associated with the alleged statistical advantage on the market. If you want to succeed in the long term, your approach can not depend on luck. You should know what you benefit and exactly how it can be implemented.
Every business has pitfalls, and trading is no different. When you are selling fast food, there is always the risk that your refrigeration equipment fails, or you have unsold inventory of products. You have to understand that there are risks to be taken, and there will be times when you will lose money. Losing trades are inevitable and should not affect your self-esteem.
The fact that you have a losing trade or series of losing trades doesn't mean you should fear that your trading strategy is not working. A reliable trading strategy should be based on the idea of what you will receive in a secondary transaction more than lose. You don't need to make a profit every time you open a new deal.
Fear in trading
Fear can affect the decisions that you normally take. The book "the Disciplined trader" by Mark Douglas describes how he almost lost all their capital due to bad trading decisions caused by fear. While the book focuses on how emotions affect trading, also here's how fear can affect your daily decisions. The purpose of this book was to teach traders how to control emotions in trading.
One of the ways to eliminate fear or emotional aspect in trading is to try to include practices that will help you become a more disciplined trader. This may mean the creation of certain rules. For example, trading only the most liquid period of time, holding only one or two positions at a time, or any other criteria that, in your opinion, improve your trading discipline.
Although there are automated trading system, often they do not use a discretionary approach that would take into account different market conditions, as well as fundamental factors. As a rule, markets are trading in equilibrium and change when new information arises. Reading the news every day, you will be aware of relevant information about the movement of the market, which will help you to form your own view.
Every morning you can check the economic calendar which tells you what you should expect on this day, as well as what will happen this week. This will help you avoid opening positions at an unfavorable time, for example during the release of the NFP report.
Business plan
As we mentioned, trading is a business and part of your business includes income and expenses. Most businesses incur expenses that can be expected or unexpected.
If you make a profit of 60% of the time and suffer losses of 40% of the time, and your profits and losses are about equal, you will have a winning strategy. If so, then you should not be afraid of losses in single transaction. For you, a loss will occur in 4 out of 10 trades. No one wants to lose money, but, fully aware that losing trades are inevitable, you will be better prepared to cope with negative results in their trade.
Fear can and should occur, if you decide to take the risk, go beyond your trading plan. An example would be if you decided to ignore your stop loss or decided to average a losing position.
Trading is the process of taking risks. Every day you need to assess the risks that you have, and determine whether it fits your original settings. If you plan to trade manually, this process is very important. On the other hand, you plan to trade using an automated trading system, then your daily reassessment of risk should be incorporated into a trading algorithm.
Study charts
If you are an active trader who regularly trades in financial runcache, you have to build for themselves to view and evaluate graphs trading tools. If you are searching for intraday movements, you will need to have your graphics have always been in front of you.
If you are a less active trader, you can look at the charts once a day or even once a week. Weekly timeframe gives you a broad overview and show the long-term trend or consolidation. When you look at the weekly chart, you can see many things that are not so obvious on the daily or intraday charts.
After evaluating a weekly schedule you can move on to the daily schedule. A weekly chart will allow you to look back to determine longer-term levels of support and resistance. If you looked only 1 year of data on the daily chart, you probably would not see this information.
Trading discipline and a systematic approach
A systematic approach in which you test your strategy and then run it on autopilot, helps to remove some emotion from their trading. For this you can use the program Forex Tester or use the strategy tester, included in MetaTrader.
Many traders think that trading with robots is much easier than manual trading, because in the first case, human emotions are removed from decision-making.
It is obvious that it is almost impossible to eliminate all emotions, even with a systematic approach. You will be happier when you will earn money trading, you'll be less happy when losing money. It is important that you control your emotions. You need to give the new system an appropriate amount of time to determine if it works.
There is a saying that some traders are constantly trying to catch a "falling knife". This means that you can always enter a position when the market is a bit stabiliziruemost. However, many traders try to catch the first volatile movement, which often leads to losses.
Fear has a way of making you do something that does not match your strategy. Instead of having to stay on the market and use tight stops.
Emotions can play an equal if not greater role in determining your success as a trader, what trading strategy you use. For this reason, the trading discipline is very important for success in trading.


How to make money on trading? How is it really?
How to make money on trading? You constantly think about it? To make trading life is your dream? Definitely, it can give you many advantages. You can trade from anywhere in the world, get the freedom to do what you love and be able to never worry about money. However, if it were that simple.
A group of researchers conducted a study of the trade of the Brazilian retail day traders in the period from 2013 to 2015 ( ... id=3423101). They wanted to find out what percentage of traders are constantly making money.
You know what they found?
97% of traders lose money.
2% earned slightly more than the average salary of cashier in the Bank (about 54 dollars a day).
Only 1% of the top traders earn 310$ per day.
It is clear that the statistical chances of trading definitely against you. So forget about fast enrichment and relaxing beaches – all this is a lie that distracts you from reality. If you want to know the truth about how to make money on trading, keep reading.
You should have a trade advantage
You may have heard the phrase "trading is 80% psychology". However, no matter how good you trading psychology or how well you manage your risk. Because without trading benefits of all it doesn't matter.
Go to the casino, take the best psychologist and mathematics. Play with a competent risk management. You do not need much time to start losing. It is obvious that in a casino you have no chance, because there you have no statistical advantage.
The same is true for trading. So if you want to understand how to make money on trading find a trading strategy which will give you a trading advantage.
You need money to make money
Obviously, you'll need the initial capital to earn money in trading. Let's say you earn an average of 20% per year.
For Deposit of$ 1000 is$ 200 a year.
For Deposit of 100 000$ 20 000$ in a year.
For Deposit of $ 1 million is about$ 200,000 per year.
You can say that 20% is too little, and you can do the trading 100% per year. Of course, it's possible, but the risks here are much higher. In this case, we are talking about stable income from year to year, and not about windfall profits, which can lead to serious losses.
Think about why hedge funds accumulate as much money and have such a small yield? They need a lot of money to zarabatyvat as stable as possible and with the lowest possible risk. You know that the richest traders in the world started their own hedge funds, which have attracted millions (if not billions) of dollars.
Even with the best trading strategy you can lose money
No, it has nothing to do with your risk management or discipline.
To begin, consider an example. Let's say you have a trading account with$ 5000. You earn an average of$ 2,000 per year from day-trading. But it is not the amount that you take home because you do not consider a Commission.
Assume that your Commission is at both ends (buying and selling) is $ 4, and you do 100 trades per year. In total you pay$ 3,000 a year in commissions. Let's count:
You get 2000$ profit and pay the$ 3000 Commission. What is the result? Have you lost 1000$ dollars per year. But what if you will reduce the fee to $ 1? Now you get a 2000$ profit and pay a$ 1,000 Commission and you are already a profitable trader!
Now you know how deadly can be the fee? Most traders neglect the size of the commissions and just trading with any broker with which they are confronted. But the math doesn't lie. If you pay a high fee, your yield curve will be high.
The real price of trading
If you earn 5000$ per year on trading, whether you earn 5000$?
If you have previously been a job that has brought you 10 000$ in a year, then you have not earned the$ 5,000. Instead, you lost 5000$. If you're not trading, you can work elsewhere and earn 10 000$ instead of 5000$. The potential loss of the$ 5000 is an additional cost to you.
So ask yourself, how much you could earn if it had not engaged in trading?
How to profit every day?
What do you need? The best trading strategy? Risk to profit ratio? The ratio of profitable trades? No. Want to know a secret? In fact, it is the frequency of your trades.
If you want to make money every day, you must have a high frequency of transactions. The law of large numbers should work in your favor.
Imagine that you're holding a particular coin. If tails, you get 2$. If it is tails, you lose 1$. With this you can toss the coin only once per day. Do you think you will be able to earn money every day? Of course not.
Why? Because in the short term, your results of the throw of the coin will be random – you can get losses many times in a row.
However, if you can throw your coin 1,000 times a day, how to change the result? Now you roughly get about 50% heads and 50% tails after 1000 tosses – this means that you are guaranteed to make money every day.
Thus, the essence here is not in your win rate or the risk reward ratio, and your frequency of trading. This concept also applies to trading. If you want to make money every day, you must have a high frequency of transactions. But is it possible for a retail trader?
In my opinion, here the odds are totally against us. In the short trade dominiruyut high frequency robotic strategy, and only they have a chance. Read about hedge Fund Virtu Financial, which had only 1 losing day in 1238 days ... 014-3?IR=T.
For most retail traders who trade manually, this means that you will not be able to earn in trading every day. However, this does not mean that you will not be able to stay in the black every month or every year.
How to make money on trading and nothing to do?
If I say that there is a guaranteed way how to earn on trading and secure a place in the top 10% of profitable traders? You don't need a lot of time and just a week you will see results. And it is absolutely risk-free method that does not require you to any effort. Don't you believe? Or do you think that it looks like a marketing text to sell some trading system or EA?
If it sounds too good to be true, I can assure you that it is not. To secure a place among the best traders, you just need to do nothing. Relax and forget about the buttons "buy" or "sell" in your trading platform.
The logic is simple: if 90% of traders lose money on a regular basis, then idle for weeks or even months will give you the opportunity to get in the top 10% of successful traders.
You are probably thinking: of course, I will not lose money, doing nothing, but I did not earn. And you are absolutely right. This method is not a working strategy. And even not strategy. It is a way to understand how productive and useful it can be inaction in trading.
Good trading opportunities are rare
How many deals you need to make per month to earn good money? Of course your answer would depend on your definition of “good money”, but my answer is only one transaction. A high quality trade setup in a month is all it takes to make a profit.
Of course, not every position will bring you money, but if you're very selective in your analysis of the market, I bet you will choose the best entry point. However, this is a hypothetical example. Most traders, including me, will trade more often than once a month. But the idea of "less is better" is still relevant.
Alternative cost
Hold any position in itself is an alternative cost. This is due to the fact that you always need to remain objective and impartial in your analysis of the market.
The emotional imbalance associated with a losing trade, it can prevent you from seeing the opportunities on the market. The best way to maintain emotional stability and, thus, keep your mind open to new possibilities is to do nothing or to trade less. Losses create emotional turmoil and anxiety. They also interfere with finding a high-quality trade setup that is really worth your time and money.
So next time you're going to open a new deal, remember what is at stake is something more than just money. There is an alternative price in the form of emotional energy and stability – the most important factors in your longevity in the market.
The market will be tomorrow
One of the most common objections when talking about omission – it is the sense of loss of profits.
Many traders think they should always be in the market to earn money. What causes this belief? Perhaps the fact that life says to us: "you're not getting any younger" or "time is money". Common sayings and idioms such as these create a sense that you need to constantly rush. Earn money today and not tomorrow.
The truth is that trading is a marathon, not a sprint. Of course, you have to trade to earn money. But the idea that to make money you need right now, that's nonsense.
If you are not confident enough in a specific market structure, the trading setup or the pattern, don't do anything. Remember that the market will be tomorrow, but your money can not be.
Be careful if you have a small trading account
Feeling the need to constantly open new trades is most common among traders with a small Deposit. This makes sense when you consider that a smaller trading account will not bring as much profit from one trade, as the larger, ceteris paribus.
For this reason I am opposed to open real account in less than$ 500. Instead, save money to open a decent account size. Then you will have the opportunity to receive a handsome profit on a single trade. The knowledge that one good plant can bring considerable amount of money will enable you to stay as selective in their entry points.
In most areas of life inaction is a sign of laziness. However in trading is your ability to do nothing directly tied to your ability to consistently earn. Only those traders who understand this concept are in the market for many years.
You not only need to learn how to do nothing at a time when market conditions are unfavorable. You must accept this condition. Only when you like to be outside the market, you will be able to earn money on the market.
So let's be realistic. Think about what you want from trading? Why do you want to trade? What is your ultimate goal?
Financial independence.
Escape from boring work.
Peace of mind and an alternative source of income.
In other words, trading is only a means to achieve a certain goal. Therefore, only you decide how you will achieve your goals. Faster or safer. With smaller or greater risk. It all depends on you.


amdudus wrote:
Sun Jan 19, 2020 2:08 am
Indicator for binary options WinProfit80 (75USD)
A new indicator has appeared on the network,
Below I give excerpts of a sales advertising text. You, I think, know that such texts are prepared by specially prepared people and that the possibilities seldom stated are true. And yet, do not carry information behind your back. Each time in this case, the user thinks: "What if it is!"
However, if you are interested, put likes. And then we'll see ....

Finding a really accurate indicator for binary options on the Internet is really very difficult,
although in the description for almost every such “accurate” indicator you can see numbers up to 80%, or even up to 90% of profitable signals,
but in reality the result usually barely reaches 60%. And no matter how hard the authors try the indicator, they cannot create a truly accurate indicator.
Some indicators merge in the flat, the second can not give accurate signals against the trend, the third do not work on all currency pairs or timeframes.
The developer of the WINPROFIT80 indicator decided to rectify the situation, take into account all the mistakes of past authors and create a truly profitable indicator for binary options, with an accuracy of forecasts of up to 80% of profitable transactions
In fact, the WINPROFIT80 indicator is not just an accurate indicator for MetaTrader4, but a whole ready-made strategy for trading binary options.
The indicator includes a number of indicators and algorithms for analyzing the chart in real time, while taking into account many behavioral factors of the crowd when trading in trend and flat.
Let's take a closer look at the WINPROFIT80 indicator and see how to open deals with it.
Indicator Characteristics for Binary Options WinProfit80
Terminal: MetaTrader4
Indicator Type: Gauge
Application Timeframe: M1 to H4
Expiration: Indicated by indicator
Trading Assets: Major Currency Pairs + Gold and Silver
Trading time: from 7:00 to 19:00 GMT
Recommended brokers: reliable
The indicator is a dial indicator, but unlike other dial indicators, the indicator also has a signal panel that warns you in advance about the approach of a signal.
This panel is displayed on the chart in the form of a scale, the shading of which on one or the other side, indicates the imminent issuance of a buy signal (CALL) or sell (PUT), respectively.
Of course, the indicator is not limited to arrows and a signal panel.
Three signal filters are built into the indicator, each of which can be turned on or off in the indicator settings
There are not many settings for the indicator,
The MainSignals parameter is a key analysis parameter, and we don’t make sense to disable it,
the other filters will just start to fail.
BasikFilter - a basic signal filter that can significantly increase the number of profitable signals
NormalFilter is a more complex filter, with in-depth evaluation of each signal
HardFilter is the strongest filter with the most accurate signal filtering
Popup Window - allows you to enable or disable pop-up windows about the output of new signals
In the upper left corner the entire list of currently issued signals is displayed, with data on the entry point, closing price and transaction result
The indicator signals themselves are issued in the form of arrows on the chart, accompanied by an input level and expiration time when buying an option.
Features of the application of the WinProfit80 indicator Three filters are built in the indicator and of course the most accurate signals will be when all three filters are turned on in the indicator.
But there will be very few such signals and they will have to wait a very long time, especially if you plan to receive signals from timeframes from M30 and higher.
Nevertheless, such indicator signals will be the most accurate and will bring the maximum profit to the trader.
The inclusion of all three filters is optional and the indicator can be used with each filter separately, or by combining them.
For example, you can enable receiving signals from MainSignals, BasikFilter and HardFilter, or only MainSignals and NormalFilter,
such combinations are also able to give very accurate signals and reach 80% of profitable transactions on any currency pair
A big plus of the indicator is that it never redraws its signals.
Nevertheless, it may not seem convenient for many that deals need to be opened immediately at the moment of issuing a signal arrow.
To solve this problem, an indicator panel is also built into the indicator, which allows us to understand that an input signal may soon form on a particular currency pair.
Please note that when the filters are turned on, for the indicator to signal, all scales on the panel must be lit, otherwise, even when the panel is completely full, the signal Will not be issued, as such a signal did not pass your selected filtering.
Therefore, get ready to enter the deal only at the moment when the panel is already lit in the desired color and the scale approaches full.
Important points when trading with the WinProfit80 indicator
Trade only during the London and New York trading sessions (see trading sessions)
Do not disable the MainSignals parameter in the indicator settings
When trading on low time frames, use at least one filter. Enter trades from a clearly specified level. On M1, do not use HardFilter.
Observe money management Do not trade on the assets of a broker with a coefficient below 70%
Trade only with a reliable broker who will easily withdraw profits from trading!
The indicator, even with minimal filters, shows very good results and is a complete trading strategy for binary options
anyone tested this with decent results?
Slaves of time and space


Books on trading that have not lost their relevance
Finding good trading books is a lot harder than you might think. Of course, there are many different books, but among them, few will match your style of trading. The worst part is that in most of them you will find trading strategies that may have worked for the author many years ago in a particular market, but today, most likely, they will no longer work.
Think logically. A minority earns in the market, but everyone can buy a book. If a grail is written in a book, and many people read this book, then this grail will sooner or later stop working, because most do not earn.
For this reason, I prefer books that cover trading in a wider context and therefore will always remain useful. I mean books about the psychology of trading or, as is the case with the series “Wizards of the Markets”, interviews with the best traders.
All of the books below will have a positive effect on your trading results. Do not let publication dates fool you. Some of these books were written in the 90s, but the information contained in them will never lose its relevance.

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