Who is a trader?

Traders

Those who make a living through trading are professionals. The rest are lovers, completely different people, who have one thing in common — an interest in Forex trading. The main type of their activity, as a rule, is not related to finance, and trade is just a way to increase their capital. For someone it’s just a hobby, these people are attracted not so much by making a profit, as the process of market analysis and trade. Typically, such people then write useful books on market topics.

But, for many traders, trading is the only real way to make money fast. This is why Forex trading is so popular.

Many who start trading lose their invested money and leave, disappointed in trading. The fact is that trading is very easy, but trading is profitable, and even for a long time, not everyone gets it.

There can only be one piece of advice — gain experience, trade more with less risk, do not pursue profit, but pursue stability. The stability of trading results is what you should strive for if you want to become a successful trader. Find more at the https://www.avatrade.mn

Hard work of a trader

It seems to many that making money on the Forex market is easy, but it is not. A trader should forget about weakness, laziness and sloppiness. He must constantly be aware of the market, must be assembled and attentive. At the same time, you constantly have to work on yourself and improve. Self-education is what a successful trader constantly does. You need to be creative, see opportunities in different situations on the market and constantly be on the alert, as the market does not forgive mistakes.

Not everyone can be constantly under psychological pressure, which presses on the psyche with great force. The emotional component in trade is so great that if you do not take any measures to protect yourself from this component, you can pay with money and even health. An easy way to avoid this is to use a mechanical trading system.

Trade automation

A mechanical trading system solves the main problem of all traders — greed and fear. MTS avoids the human factor in trading. She will never hesitate to close a losing trade or wait, she’ll be lucky and the market will turn around.

The development and testing of MTS is carried out in a calm environment, allowing you to think through all the options for market behavior and program the system to properly respond to various situations. The trader can only start the system and observe the results. Sometimes stopping it and adjusting if necessary.

On this site you will find many trading ideas , many different strategies, as well as examples of mechanical trading systems that you can use for trading. Trading robots really help to save your nerves. Use them wherever you can.

Different approaches to trade

Each bidder has its own approach to trading and its own rules. Some trade intraday and can make up to a dozen trades per day. Others — investors, as a rule, make several transactions in a year. But all of them can be conditionally divided into four groups that differ in the way they analyze the trading situation on the market.

• Technical analysis.
• The first group includes those who use technical analysis of the market, while using technical indicators, candlestick analysis, wave analysis or graphical constructions (figures) on price charts, as well as methods of artificial intelligence (neural networks). This is probably the largest group. And this is not surprising, because There is a huge amount of information available on technical analysis and any beginner can learn this type of analysis.
• Fundamental analysis.
• The basic idea of ​​fundamental analysis is to predict the impact of various events in the world on price behavior in the future. The release of financial news, reports, natural disasters, disasters and other phenomena in a certain way affect the behavior of financial instruments.
• Traders using their own methods of analysis.
• The third group includes those who use their own methods of analysis, as well as those who simply play in the market, like in a casino, using probability theory as an indicator for making transactions in the market. Such traders simply play, while usually using a cunning system of placing orders and tracking open positions. Often these players use some kind of Martingale (doubling the size of the bet after losing, in the hope that the win will happen sooner or later). Personally, I personally attribute it to the third group, because I use my own analysis methods since the Metatrader 4 trading terminal contains tremendous opportunities for researching the Forex market.
• Intuition
• The fourth group includes people who trade by intuition . These are, as a rule, successful traders with vast experience who just need to look at the price chart to assess what is happening on the market and how to make a profit from it. But there are very few of them. The solution to their ability to quickly assess the market situation is very simple — the experience gained from daily trading in financial markets. The fact that they do not use any kind of analysis is actually not true, they just do it automatically or even subconsciously, due to the great experience of trading. This is called “feel the market.”