Forex encyclopedia

Quite often, many traders are too much concerned with strategies and methods for entering market forgetting to select a correct tactics for leaving trading positions. Beginning traders can leave positions having just seen a minor profit in the terminal. What matters is to enter correctly, and then to rely to market in the part of profit fixation. But unfortunately the market is arranged so that you cannot to enter the market correctly at topper moment all the time. When price moves against your position, every trader must be armed with tactics protecting deposit from dramatic losses. One of such methods is Money Management Stop (usual stop).
Psychology is considered to be one of three pillars in trading (along with trading strategy and money management), on which entire success of the Forex operations is based. That is exactly why it is crucial to have a proper psychological determination during trading time by controlling your emotions and preventing interference of emotions into decision making process. Prior to starting market analysis and setting yourself directly to trade, devote some time to a correct determination to work. First of all, give yourself a smile and try to relax. There if no use in a hurry, whereas a positive determination is crucial for trading.
New in Encyclopedia
Picture of the day
What influences currency market rates?
Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .