How can we manage the psychological stress upon the rapid growth of the deposit?
If we analyze the state of the trader after receiving a profit or loss, it is impossible to determine where more efforts have been exactly spent. It is impossible to establish the relationship between winning and losing the time spent on the analysis, on the amount of "blood and sweat” and after this, the person is more exhausted. At the end of the trading day it is clear that efforts for satisfactory operation might require significantly less than from more severe and complete loser.
So what's the secret, what is more important – to be tired, exhausted and finally to make a profit? What is the reason of successfulness? How to choose the easy way and not the right?What depends on getting more wins from and whether you can learn this?
All these questions are answered by the experts of Masterforex-V Academy
At first glance, complex problems have the same difficult decisions. In fact, everything is much easier; experts of Masterforex Academy found the way out of any situation arising during the trade and create a real shock to the psyche.
Faculty teachers recommend:
Be consistent: on the background of various acting forces, constantly changing directions of courses, complications in the work of terminal, adding chaos, it is important to remain consistent. Successful traders, following the mentors, tend to pay more attention to the preparation of a trading plan, compliance of Money management, opening and maintenance of products, that definitely keeps quiet and gives you the opportunity to avoid stress.
To be able to focus: a lot of conditions to make money are offered at the market. It is difficult to handle with everything and is not necessary. The advice to focus on the narrow speciality is very helpful for traders. This allows you to narrow your attention, give yourself an advantage – although in a very small area to wrap their knowledge into profit.
Almost all traders in the media are called "players" and they think that this humbles them. But for peace of their mind, each participant of stock and trading in particularly, for whom the most critical condition of stress-relieving work is to admit that yes, "We play for money." Only after this, changes attitude to work and to money itself. After all, knowing what you risk and how much you risk, you begin to think: if it is worth to convert into a gamble things that we do every day. You will indicate those, who answer this question: who is who – either they are professionals or amateurs.
At the Beginners School at Masterforex-V Academy, students are given direct recommendations about working on demo and real accounts.
Among the simplest and the easiest one to master are such as:
- When trading, there must be five thousand in account - maximum lot (0.5 lot)
- Do not increase lot upon successful trading when there is a rapid growth of the deposit. This leads to uncertain actions in case of subsidence and adjustments and early exits.
- Minimal lot = 40 % from maximal (when the score is 10 000 = Range is 0.4-1 Lot)
- In the range of lots you choose that is "comfortable" and does not cause fear at every pullback
- To reduce the burden on the psyche, you should close lots fractional
- Wait the pullback a-v-c, after breaking through the peak there is a continuation of the trend
- To output 30% -50 % of profit - it allows you to "spare" psychology through the rapid growth of the deposit
Implementation of all these rules, helps you to remember that the deposit on Forex is opened for stable earnings, but not for increasing of account.