Forex Two Approaches

Based on the book ‘Trader-Mage’ (www.ts-forex.ru). Everyone, even the novice trader knows that from the perspective of psychology and methods of work, there are two main approaches to the extraction of profits from the market. In the first case the trader behaves aggressively. Wanting to quickly and a lot of money, it operates on the market (and often did not realize it) with an increased risk for its trading deposit. As a rule, so do new traders. Traders who are against excitement had already losing his first money and managed to grasp the root cause of this, it is easier to agree with the authors of numerous books and manuals, which are basically taught that the main task of any Trader learn to take even small profits (10% – 20% – 30% per month), but learn to do it consistently. This is the second approach – it is better to take small profits in a month, but with minimal risk for the trading of the deposit. But how would A trader nor acted on the market – aggressive or cautious, a major psychological problems with which he is most often encountered, is that series of successful deals he will almost inevitably appear a feeling of euphoria, and it begins to seem that he has learned to predict the market. After that, as a rule, trader begins to go beyond its own strategy, with which he had previously received all the information he gains.

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