Financial Trading Product Reports

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Any operator must develop a trading system of their own. I is the main condition for the regular and steady, profitable work at Forex. Every successful entrepreneur I know is held this view. That is, the system has to reflect indicate a clear and unbiased point of market entry and exit from it. The lack of a systematic approach results in loss of deposit of the merchant. Work either according to an imperfect trading system or traditional does not save the situation. You can only prolong the opening distance of the operating account the inevitable loss and cancel this account.

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We will insist on new terms T. DeMark (the analyst, consultant and financial adviser to the largest banks in the Forex Market makers). In his opinion, there are three different approaches to analysis to give the letters. The first is superficial and subjective. Mainly based on intuition. In short, this approach is a "guess." In this case, not a strict analysis, or required grounding. Therefore, most traders are limited to work at this elementary level. Regretfully, the sacrifice of those operators, the logic and coherence to the simplicity and convenience. On the second approach, which involves the development certain market indicators. The aid in the detection of the latter the status of overbought / oversold in the market. Many traders use analysis of this type – at least partially. However, as a rule, operators use only the best known indicators and adhere to generally accepted means of interpretation. In other words, the total lack of a creative approach is evident. These traders do not try either to develop indicators to improve their own or those already available. In addition, dealing with these indicators, traders and relay them too much. They do not pay attention to their problems.

The third approach is the most effective and valuable. Is the development of systems capable of generating signals "by" and "sell." However, not all analysts reached the necessary level of education. Many analysts are very experienced and do not want to continuously upgrade their skills.

After mastering to perfection This system is independent of many advisers. You know the newest achievements in the area of technical analysis. Therefore, you will be able to be fully responsible for actions and solutions on their own.

Search for a trading system

I wonder how many trading systems (TS) can be found Forex sites! As a friend of mine joked that "the number of TS profitable call had exceeded the number of successful traders long time ahead. "

This situation is perfectly clear to any skilled tradesman. However, how a beginner (novice) can resist so powerful (intensive) The flow of advertising the TS miraculous and wonderful Grails?

However, the process of getting to the existence of such TS and advertising it is purely logical and natural. You can compare the information obtainable via the Internet with the potential inherent in computer technology that continues to grow. That means any developer, incompetent even in the fundamentals of the currency, may obtain a list of all indicators available on the Internet. That person can create own database, issuing hundreds of indicators. He develops a mechanical TS (MTS) on the basis of an arbitrary combination of two or three indicators. After this, the author "argues that because of their intersection points the program shows the exit points of the market and the entry into him. What we at last? – Just in millions of wonderful "black heart"!

Try these chests "black." Our goal is to track how this developer has managed to win larger amounts than the life of money in Forex because of its multilateral trading system. We used time tables of large-scale currency pairs volatile. With the help of the PC, select MTS those who gave positive results only in 50 (70)% of transactions made during several previous years. As the evidence we can present the history of the account. On the Internet, this service costs $ 20.10 – for those who do not want to do this work themselves (or not). Now compare this story with the multilateral trading system shown a history for several previous years.

Can you imagine the number of individuals would be willing to buy such a MTS from you? In addition, the number of naive investors who want to invest your money in your business? Either way, the risk of exposure is almost zero.

Now let's examine the situation.

a). For buyers of MTS: It's almost impossible to discuss the fact the evidence MTS with the help of transaction history for several years. Therefore, as a test, in practice, can not be contested. What's more, the author of MTS can "Improve" its parameters. You can adjust the best results in the course of the history of transactions. These authors do not care how their systems work in the future.

b). For investors: Your provider can reach an agreement with its investors that the loss does not exceed 25-30% deposit investment. Naturally, this point of agreement is observed. The author of MTS and the dealer can break this 25-30% of "money lost" among themselves. For the investor, which may explain that "the market is unpredictable and that, being decent people have left to know this fact beforehand."

Now imagine the benefits, what could be obtained by tens and hundreds of such MTS. Its parameters can be adjusted to the history of Forex transactions. In addition, MTS can be sold for several natural and legal persons, if you work with an unscrupulous Forex Brokers.

This very idea is expressed by other traders. For example, D. Cyplakov, the author of digital displays (Finware Technologies LTD), reads as follows. Keep in mind that these systems are rather precisely adjusted to past situations on the market (curve fitting). At present, it is impossible to prove its reliability in the real market, aimed at future.

The reliability of the results obtained with "chest black "makes another problem. A trader who works with TS given must be very confident in his technique of the system. This trust allows you to maintain discipline trade for a long time. Certainly, it is difficult to follow the instructions prescribed by a program if its logic is dark – especially when fortune has turned away from you.

At what stage of work of the Forex trader to study the relevant literature is detrimental to the development of the negotiation itself own system

I can say a paradox. Reading tens of thousands of letters from merchants, who can trace clearly the same trend. It is well known to me because of my own experience.

After the first failures in working with real accounts, the merchant begins with a desire to read books about Forex, one by one. This is to ascertain the reasons for their losses. The more this merchant read, the more it becomes perplexing.

Such an individual becomes muddleheaded. I hope that the reasons for this are clear to readers.

a) There is a lot of techniques (TS) of work in the currency.

b) Most of these have made TS obsolete – even at the time of writing. For example, this has happened to "Trading chaos 2 by B. Williams. Other editions are reliable only in part. Of Otherwise, the authors just repeat platitudes about the discrepancy, the classic investment figures and longer trends.

c) There is not a general technique, or TS that logically could synthesize a large number of indicators into a single whole.

Therefore, a beginner (novice) in Forex comes to choosing items for the TS, systematize and add them. However, thousands of analysts did not succeed in doing this before. You can guess what will remain in the mind of a novice trader, after reading dozens of books (in particular, since most of them are written by traders, losers (Analysts call))! No doubt, it is only a mess of bits of information!

After the failures first, a beginner should do following:

1). to reject the actual beadwork;

2). to give an analysis of the reasons for the failures.

Suppose you TS does in its relief and can trace the logic of the currency movement up to a point – Like many merchants who graduated from the Academy of Commerce MasterForex can do. The study incessant contributions given by the core team of Forex indicates that work against other traders but against the computer – Organizer of this game in Forex. In this case, you should seek the reasons for their failures in the area of psychology of the trader.

Maybe you can not see clearly the logic of contributions currency coins. In this case, psychological complications will be deferred until the future. Currently, you must develop your own profitable TS. It is no use for you can read books one after another. First, you must master a background of all the TS. The goal is to fully understand this system and practice of second nature. There start with the demo account. Later it will be possible to the currency trading accounts. Thereafter, all the literature you will see from another point of view completely. The new information went point by point – instead of former "muddleheaded" mood.

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Fundamentals of developing a profitable MasterForex TS-V.

First, we will develop the concepts, which must match the TS from the perspective of an operator to work. This system must meet the following requirements:

• You must be perfectly logical and clear to a merchant. Must contain several simple elements. Points of its intersections shall indicate the points of entry into the market and exit it.
• The system must be as efficient in the time intervals – from weekly charts minutes up. The difference is profits and duration open positions in foreign currency.

• The system should be applicable to any of the currency pairs, the price of the instructions given in the currency.

· For an operator, the system should indicate the correlation between strategy and tactics. Overall, the strategy in a corresponding shorter chart the longer a tactic. For example, the strategy in Table M1 tactics can be traced in the M5. Similarly, the strategy in M5 (10) represents the tactical in M15 (30) – and so on until weekly and monthly charts.

Development of self-TS for forex trading success.

1. You do not must "invent a bicycle" again. As a basis, take a TS developed by an expert in Forex. You should study this system to perfection. You must clearly distinct the weaknesses of this system from the strong. In a few words to say, should reach the level of the automatic opening and closing deals under this system.

2. Assessment criteria Forex Trader: There are at least three degrees (levels) of knowledge.

• A merchant requires accessible means to demonstrate their views on the situations in the market. These resources are books, websites, etc. There may have its logic of market analysis and a portion of their techniques (elements of TS). Any individual can study and use.

• A paid education system is also necessary. Makes the logical development first degree (level) of the skill and knowledge. In practice, all experienced and well known online merchant is the author of a payment system to study Forex (for example, A. Elder, B. Williams, L. Williams, etc.).

• Do not is the third degree (level) of the skill and knowledge. Of course, any author never completely reveals their secrets and tricks (the reasons are obvious). The criterion of reaching this level is the ability of the trader to explain any change in the movement of any currency pair from the standpoint of the trader's own TS.

3. After dominating TS developed by either teachers, must "feel" as its own.

· Your work with demo accounts have to be perfected to the operator. It must also work across all variants of the entry into the trade and production thereof. For this it is necessary to "exploit" their TS to the limit. That is, during a trading session you need to fix dozens of agreements – with the currency pairs different at the same time.

• After dominating the work in accordance with a particular technique to perfection, a trader can identify clearly following:

– The outside of the flat market;

– The session within the trend, their immediate evolution of several hours and currency corresponding positions;

– The session in the correction of both;

– A new wave in the trend, possible variations of movement currency pair;

– The business investment.

TS · Accommodation of your personality. That is, someone who is satisfied with winning regularly from 1920 to 1930 points for a day of work with a currency pair. This person does not arrange long-term agreements. On the other hand, someone prefers to work with a weekly trend, etc.

· Self-perfection and analysis of their work according to their TS every day after the end of the negotiation.

– You have to see how many elements profit earned.

– You must understand when it has opened the deal correctly, in which late, and when you were afraid of adding to an agreement in the trend within the session, etc (the analysis of their work at the close of tenders is analogous).

– You should estimate their work during the trading session intra-day as yourself. That is, if you earned a 50% gain during the trading session, its brand is "5." If the gain made by 40% the brand is "4" and so on.

Housing on the elements of the trading system MasterForex

I found the following:

• More than two dozen new elements of analysis was discovered. They can help us predict the trend in the movement of the Forex currency pairs. This discovery is mostly new. It has no analogies in the literature on TS-V MasterForex.

• A different approach to the essence of the combination of moving average. It ie, no numbers are important but the principles of his movement.

* New Fibonacci levels and technique of its application.

• The subject to "stock" of the currency pair movement in the trading session.

• The difference between true and false breaking through levels support and resistance.

• The new classification of trends. The intra-week session and trends are most important for the job Merchant

· Criteria the beginning of intra-session and trends of the week.

· The principles of a false attack (Thrust) of the trend and the intensity (potential).

· Trends and flats in the currency pair movement, tactics of the trader in each of these cases.

· Criteria for trend at the end and the beginning of the correction.

· Criteria for the turnaround and replacement.

· Specifications currency pair movement in cases of coincidence of intra and weekly trends and the discrepancy between them.

Specifications ˘ in the movement of the EURO / USD and GBP / USD pairs in the case of coincidence of the movement of groups and the discrepancy between them.

Currencies ·-allies as indicators to work with 2 or 3 currency pairs (I work with GBP / USD, EURO / USD and also with USD / SWISSI).

· Specifications at work by pairs of currencies after the news broadcast.

• The correlation between the statistics of the characteristic themes and trends edited.

• The development of a simple and reliable indicator of noise "(rumors) on the market. This index helps to explain the movement of any currency pair to a point.

· The methods of replacement of "Stop Loss" with blocking techniques and termination of each agreement.

• The method study (analysis) of the TS developed by other operators.

· The new methods, especially in solving the problems of psychological traders (Fear, distrust, etc.).

· Compatibility of the elements of my TS TS with any other (3 shields developed by Elder, slope (inclined) developed Demarque the channels, Standard Fibonacci levels, etc..) As a result, each element of any well known TS in the world gives instructions to a merchant and supplements TS in actual trading.

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