TRADING IS SIMPLE. BUT IT'S NOT EASY. IF YOU WANT TO BE A TRADER, LEAVE BLIND HOPE AT THE DOOR. FOCUS ON SPECIFIC SETUPS AND STICK TO YOUR STOPS. TRADING IS A BUSINESS A., WILL HAVE TO WORK HARD FOR EVERY DOLLAR YOU MAKE. TRADING SHOULD BE BORING. THRILL SEEKERS AND IMPULSE TRADERS ULTIMATELY WILL FAD. WHILE THEY MAY SEE SOME BIG DAYS, FAILURE IS A MATTER OF WHEN, NOT IF. BE EXTREMELY IN TOUCH WITH YOUR EMOTIONS. ALWAYS BE BRUTALLY HONEST WITH YOURSELF. NOTE WHEN YOU ARE ACTING BASED ON PRIMITIVE EMOTIONS RATHER THAN RATIONAL THOUGHT. IF YOU FIND YOURSELF YELLING AT YOUR COMPUTER SCREEN, ASK YOURSELF. 'IS THIS RATION, BE CAUTIOUS WHEN YOU FEET YOURSELF GETTING TOO EXCITED. EXCITEMENT IS AN EMOTION, AND CAN GREATLY INCREASE YOUR RISK BECAUSE IT CAN CLOUD YOUR JUDGMENT. BE PATIENT AND WAIT FOR TRADES TO COME TO YOU. CHASING PRICES ONLY INCREASES RISK AND DI-MINISHES POSSIBLE REWARD. DON'T BEAT YOURSELF UP OVER A MISSED OPPORTUNITY IF YOU CANNOT GET A PRICE YOU LIKE. REMEMBER, THE MARKETS WILL BE OPEN TOMORROW AND THERE ARE ALWAYS GOING TO HE MORE OPPORTUNITIES. MANAGE YOUR EXPECTATIONS. IF YOU COME INTO TRADING WITH THE IDEA OF MAKING BIG MONEY. YOU ARE ALREADY DOOMED. A GREEDY MENTALITY IS RESPONSIBLE FOR ALMOST EVERY TRADER BLOWUP. DON'T FOCUS ONLY OR THE MONEY. FOCUS ON EXECUTING TRADES V.. IF YOU ARE SETTING IN AND OUT OF TRADES ACCORDING TO YOUR GAME PLAN. THE MONEY WILL TAKE CARE OF ITSELF. NEVER LET A DAY TRADE AS INTO AN OVERNIGHT TRADE. AN OVEMISHT TRADE SHOULD BE PLANNED AS AN OVERNIGHT TRADE BEFORE THE TRADE IS EVEN ENTERED. KNOW THE DIFFERENCE BETWEEN YOUR TIME FRAMES IN WHICH YOU ARE OPERATING. PROFESSIONALS. THOSE WHO STAY IN THE BUSINESS THE LONGEST. ALWAYS TAKE SMALL LOSSES. NOT ADMITTING YOU ARE WRONG AND TAKING A MASSIVE LOSS CAN DAMAGE YOUR PSYCHE AND CONFIDENCE AS MUCH AS YOUR ACCOUNT BALANCE. TRUST IN YOUR STOPS. POOR TRADERS ALWAYS THINK, "HOW MUCH MONEY CAN I MAKE ON THIS TRADE?" THE BEST TRADER, ALWAYS THINK, -HOW MUCH MONEY CAN I LOSE ON THIS TRADE?" TRADERS WHO CONTROL AND MANAGE THEIR RISK TAKE MONEY FROM THE TRADERS WHO ARE THINKING ABOUT THE FERRARI THEY ARE GOING TO BUY WHEN IN THE TRADE. FOREX TRADING IS – TO UNDERSTAND THE WAY FOREX MARKET FUNCTIONS; WHAT MAKES THE MARKET TICK, WHAT TRIGGERS THE MOVES, AND ARE THE THINGS MOST LIKELY TO CHANGES MARKET’S COURSE, WHAT ARE TRADING DECISIONS BASED ON, AND SO ON. TRADING CAN HAPPEN IN MANY WAYS, AND EACH TRADER ACCORDING TO HIS BASIC STYLE OF THINKING, AND WORKING TEMPERAMENT WILL ADOPT A SPECIFIC TRADING METHOD. WE ALL START AT THE SAME PLACE (LEARNING THE BASICS AND GETTING ACQUAINTED WITH VARIOUS TRADING CONCEPTS LIKE WE ARE DOING RIGHT NOW) BUT AS TIME PASSES AND EXPOSURE INCREASES, THE TRADER BEGINS TO UNDERSTAND TRADING, AS WELL AS HIMSELF UNDER DIFFERENT CIRCUMSTANCES MORE CLEARLY; AS AN OUTCOME OF THIS SOME TRADERS WILL GO ON TO ESTABLISH THEMSELVES AS LONG TERM INVESTORS, SOME WILL BE SHORT TERM SPECULATORS; SOME WILL BE SWING TRADING EXPERTS AND SO ON. FROM THERE ONWARDS THEY WILL GO ON TO THE NEXT PHASE AND TAKE THE ADVANCED JOURNEY. IN SECOND PHASE WHERE TRADER WILL TRY AND LEARN AS MUCH ABOUT HIS OWN STYLE OF TRADING, IN THIRD PHASE THEY ARE BOUND TO FEEL MORE IN CONTROL BECAUSE OF ALL THE INFORMATION AND WILL LEARN TO COMBINE VARIOUS TRADING STYLES TO THEIR ADVANTAGE. SO WHAT IS IT THAT TRADERS ARE EXACTLY EXPECTED TO LEARN TO BECOME SUCCESSFUL TRADING PROFESSIONALS? WHAT ARE THE CONCEPTS THEY HAVE TO GET ACQUAINTED WITH WHICH WILL HELP THEM TO STAY IN BUSINESS LONG TERM AND MAKE MONEY IN IT? WELL, THEY HAVE TO LEARN EVERYTHING THAT THEY CAN ABOUT FOLLOWING THINGS; ONLINE FOREX TRADING; TYPES OF ORDERS; SPOT AND FORWARD TRADING; TYPES OF CHARTS; TECHNICAL INDICATORS; ITS BASICS; ECONOMIC INDICATORS; CANDLESTICK ANALYSES AND SO ON. WHEN TRADER LEARNS ABOUT ALL THESE AND HOW TO COMBINE AND USE THEM IN DIFFERENT WAYS WILL HE BE CONSIDERED ON HIS WAY TO BECOMING A RACE HORSE. LET US FIRST UNDERSTAND EVERYTHING ABOUT ONLINE FOREX TRADING. UNTIL A FEW YEARS AGO FOREX TRADING WAS ONLY ALLOWED TO BE CARRIED OUT BY FINANCIAL INSTITUTIONS AND BANKS; HOWEVER WITH THE ADVENT OF INTERNET TECHNOLOGY, THINGS CHANGED FOREVER FOR EVERYONE 360 DEGREES, FOREX BEING NO EXCEPTION. NOW WITH INTERNET ACCESS, FOREX IS A 24 HOUR MARKET AND CAN BE ACCESSED AND TRADED BY ANY INDIVIDUAL WHO WISHES TO DO IT ACROSS THE GLOBE POST COMPLETING CERTAIN FORMALITIES LIKE OPENING AN ACCOUNT AND DEPOSITING MARGIN MONEY, GETTING ACQUAINTED WITH RULES OF THE BROKER AND MARKET POLICIES ETC. CURRENCY TRADING ALWAYS HAPPENS IN PAIRS; WHERE ONE CURRENCY IS BOUGHT AND THE OTHER IS SOLD AND THIS BUYING AND SELLING HAPPENS SIMULTANEOUSLY. THE MAIN MOTIVE BEHIND DOING THIS IS WHEN TRADER IS BUYING ONE CURRENCY AND SELLING THE OTHER IT IS BASED ON THE ASSUMPTION THAT MARKET ENVIRONMENT WILL CHANGE AND IT WILL LEAD TO RISE IN PRICE OF THE CURRENCY TRADER HAS BOUGHT AS COMPARED TO THE OTHER ONE THAT THE TRADER HAS SOLD. IN THE PAIR THE FIRST CURRENCY IS CALLED THE BASE CURRENCY AND THE SUBSEQUENT CURRENCY IS CALLED THE QUOTE CURRENCY. QUOTE CURRENCY IS EXPRESSED IN ONE UNIT. FOR EXAMPLE IN EURUSD CURRENCY PAIR EUR IS THE BASE AND USD IS THE QUOTE PRICE. THEN THE NEXT THING IS TO UNDERSTAND `BID PRICE’ AND `ASK PRICE’. BID PRICE IS THE PRICE AT WHICH BUYER IS WILLING TO BUY THE BASE CURRENCY IN THE OPEN MARKET IN EXCHANGE OF QUOTE CURRENCY; AND ASK PRICE IS THE PRICE AT WHICH THE HOLDER OF BASE CURRENCY IS WILLING TO SELL IT AND BUYER IS READY TO BUY AT THAT PRICE IN EXCHANGE OF THE QUOTE CURRENCY. THE DIFFERENCE BETWEEN `ASK PRICE’ AND `BID PRICE’ IS CALLED THE SPREAD; SPREAD IS ANOTHER COMMON TERM THAT WILL FREQUENTLY IN USE WHILE TRADING FOREX. IN THIS POST WE HAVE LEARNT THE BASICS OF ONLINE FOREX MARKET, WHAT GOES INTO FOREX TRADING; AND ASPECTS TRADERS NEED TO GET ACQUAINTED WITH TO TRADE LONG TERM AND SUCCESSFULLY. PLUS WHAT ARE BID AND ASK PRICES.

The modern Forex, on the assumption of list of services, provided by brokers, is a system of exchange trade of currency, metals, contacts for difference, etc. The work with rates increase and decrease at cent accounts does not differ from a classic work at real Forex market. At first sight it seems that this structure is very difficult, but having worked a little, you understand that everything is more simply. If you worked out in cent accounts, be sure, that the door in successful activity is slightly opened for you, and investors will be ready to entrust you the management of thousand dollars accounts. If you are at the beginning of trader's way, you should start from cent accounts. A lot of brokers offer to trade at mini-Forex starting with 10 cents. The point is that work at mini-Forex does not have essential differences from the work at large" market. Cent account can be used as intermediary from demo to real. Demo-account is attractive by the fact that any losses which you will, probably, have, in no way affect your wallet. However, there is one significant disadvantage, connected with the psychological part of trading. Being confident about your monies safety, you will not be able to plunge into the whirlpool of financial business, where on the next day after you have won a million you can lose everything. In order to overcome two main enemies of trader the fear and greed, you just need to feel the trading process, and that can be done only with real money at the real market. That is why the intermediate trading process at the cent account is the optimum alternative for the newbie. Minimizing the risks of losses in the case of trend reversal to the unfavorable side, you can continue the training at cent account. At that your small victories will be rewarded with the small but very pleasing profit. Of course, when the cost of point is 1 cent, you should not expect the huge earnings. Use the cent account only in order to study the market with its sometimes sharp movements, as well as for experiments with trading strategies and systems. On the assumption of all mentioned above, the idea of cent accounts is that almost each beginning trader can, investing the small amounts of assets, learn the work skills with the real accounts. This is necessary for reduction of newbies' potential risks. The major financial mistakes, which a lot of novices make working with the cent accounts, are minimized and can not be a barrier at the beginning of the trader's professional way. However, today because of the situation that market is over saturated with traders a lot of brokers strive to decrease as much as possible the supply on the cent accounts, forcing in this way all traders to work with dollar accounts, as it was at the very beginning of Forex market development. In such way, it can be said that cent accounts is a perfect launch platform, which gives an opportunity to any trader to learn all necessary skills and gain trading experience, realistically assessing his/her own possibilities for the real work at the currency market.

1. Forex is a complete deception.Another variant of this phrase is: “Forex is a casino where nobody wins”. There is a suggestion that it is impossible to earn on price fluctuations, and brokerage companies are trying to put a spoke in their clients’ wheel.A proof that this is far from being the case is brought by successful traders experience, as for them Forex has become the main source of income. We have already written that sometimes there can emerge unfair participants as well. However, their tricks can be seen through easily, if choosing the appropriate broker. There are quite many respectable companies in the market rendering good trading terms and great service – all you need is to examine the necessary information in order to take the right decision. Worth remembering that brokerage company affords the private traders an opportunity to trade in an interbank market, offering various instruments and encouraging its customers with bonuses, campaigns etc., but that does not guarantee profit receiving finally. If you want your trading to be of success – you have to devote energies by yourself.

2. Forex requires a huge capital. Those times when access to currency and stock markets was open for the high and mightiest only have passed. Today anyone willing may start trading and there is no huge capital required for that. No doubts that with a big deposit the work would be more effective, but you can begin with a few dollars. Modern brokers offer different account types – even cent accounts, contests and bonus programs, taking part in them it is possible to make a starting capital.

3. Forex involves a great risk. To some extent it is really so. But it is enough to have just a little of sanity to avoid most of them. Do not put your last money into trades or the money which you borrowed. Follow the rules of money management, refine your skills, learn hedging methods and diversification risks.

4. Forex takes all the time. Trader decides by himself how much time he is going to spend on trading. Trades can be executed 50 times a day, 5 days a week, once a year – the frequency depends on your desire, mood, trading strategy, skills etc. You don’t have to sit in front of the screen, tracking the price moves in order to be a trader. Trading can be easily combined with the main job.

5. Forex requires a special education. Analytical skills, knowledge of maths and world economy would be useful in trading, but no special education is needed. If desired a trader can complete training at a brokerage company, attend webinars, get familiarized with a relevant Forex literature, widely accessible in the Internet and book stores. Forex market is the youngest and fast developing financial market. For millions of people all over the world trading has become a life style and a source of income. People like to draw on imagination, but one should divide fancy from fact.

మద్యపానం చేయకుండా ఉండడానికి పది గొప్పచిట్కాలు 21 రోజులలోగా సారాయి తాగడం మాన్పించవచ్చు. 1.మీ లక్ష్యాలను ప్రతిపాదించండి. మీ వ్యక్తిగత కారణాలేమిటి? మీ ఆలోచనలను వ్రాయడం వలనకొన్ని లక్ష్యాలకు ఇది మార్గదర్శకమౌతుంది. తాగడానికి యేర్పడే సంఘటనలకు దూరంగా ఉండడం, ఆ సన్నివేశంలో ఉంటూ తాగకుండా నియంత్రణ చేసుకోవడం లేదా పూర్తిగా మానివేయడం, ఇలా ఎందుకు చేస్తున్నారో ఏ ఒక్కరి కోసం కాకుండా అది మీకు ఖచ్చితంగా మీ కొరకే అనే కారణం తెలిసి ఉండడం, లేకపోతే మీరు ఈ విషయంలో విజయం సాధించలేరు. 2.తర్వాతి వారంలో తాగడం మానివేయడానికి ఒక్కరోజుని ఎంచుకోండి. ఒత్తిడికిలోను కాకుండ ఒక్కరోజు విశ్రాంతిగా ఉండండి. ఒక్కరోజుకి ప్రణాళికను వేసుకోవడం వలన సులభంగా తాగుడు మానివేయడానికి వీలవుతుంది. 3.మళ్ళీ దీనిని వదలకండి. మీరిప్పుడు చూస్తున్నవ్యాసం గంలో తాగుడు మానివేయడం సులభమని మేము చెప్పడంలేదు. మెదట మీ లక్ష్యాలను మొదటి స్థానంలో ఉంచి, మీ లక్ష్యాలను మీకున్న కారణాలతో మనస్సులో పెట్టుకోండి. ఒకవేళ ఒకేరోజు ఎక్కువగా తాగవలసివచ్చినా / తాగినా ఆ మాత్రాన మీరు చేరుకొన దలచిన గమ్యం లేదా మీరు అనుకున్న లక్ష్యంను మరువకండి. తర్వాతి రోజుకి మీరనుకున్న మార్గంలోకి వెళ్ళండి. మీరు గనుక ఇందులో విజయాన్ని సాధించలేకపోతే,రాబర్ట్‌.ఎఫ్‌ కెన్నడి చెప్పిన విషయాన్ని గుర్తుతెచ్చుకోండి –‘ ఎవరైతే అపజయాన్ని ధైర్యంగా ఎదుర్కొంటారో వారే విజయాన్ని కూడ గొప్పగా సాధిస్తారు’ . మీ యొక్క తాగుడు అలవాటుని నియంత్రణలో ఉంచుకుంటారా లేదా పూర్తిగా మానివేస్తారా అనేది మీరు ఖచ్చితంగా అనుకుంటేనేవిజయం సాధించగలరు. 4.మీ ప్రణాళికను ఇతరులతో పంచుకోండి. మీ కుటుంబ సభ్యులతోను, మీరు నమ్మే మీ స్నేహితులతోను మీ ఆలోచనను తెల్పండి. వారంతా మీ విజయానికిమీకెంతవరకు సహాయపడగలరో తెలుసుకోవచ్చు. 5.మీ కుటుంబ సభ్యుల, స్నేహితుల సహకారాన్నికోరండి. మీ సంబంధిత అంశాలనువారి ముందుంచినట్లైతే మీకు వారి సెలవు దినాలలో పూర్తి సహకారం సంతోషంగా అందించగలరు. 6.పూర్తిగా వారంలో ఒకరోజు మానివేయడానికి కూడ ప్రయత్నంచేస్తూ, మీరు తీసుకునే మద్యాన్ని తగ్గించి తీసుకోవాలనే ప్రయత్నంచేస్తూ, విరామం ఇవ్వండి. ఒక్కరోజు ఇలా చేయడం సులభమవుతుంది దీనినే రెండు రోజులకు తర్వాత మూడురోజులకు పొడిగిస్తూ చివరకు వారానికి పెంచాలి. మీరనుకున్న లక్ష్యాన్ని సాధించడంలో, పెద్దగమ్యాన్ని చేరడానికి, దానినే చిన్న, చిన్న భాగాలుగా చేసుకుంటే అది మీకు ఇంకా సులభతరమౌతుంది. 7.మీరు గట్టిగా నిర్ణయించుకున్న తర్వాతనే దానిని వదిలి పెట్టడానికి ప్రణాళిక వేసుకోండి. మీ ఆలోచనకనుగుణంగామీరు ఇంటిలో ఉన్నను, మీరేదైన పార్టీలో ఉన్నా మద్యానికి బదులుగా ఇతర పానీయాన్ని తాగాలి .తాగుడు అలవాటుకి దూరంకావడానికి తగిన విధంగా ప్రణాళిక వేసుకొని మీ వ్యక్తిగత అభిరుచులకు తగిన నిర్మాణాత్మకమైన అంటే వ్యాయామం, పుస్తకాలు చదవడం పెయింటింగ్‌ చేయడం, లేదా ఇతర ఇష్టాలను చేపట్టడం చేయాలి. 8.ప్రలోభాలకు లోనుగాకుండా ఉండాలి. మీకు ఎప్పుడు తాగాలనిపిస్తుంది? మీరు పార్టీలో ఉన్నప్పుడా లేదా ఒంటరిగా ఉన్నప్పుడా? మీకు ఎలాంటప్పుడు తాగడానికి ఆకర్షితులవుతారో సరిగ్గా తెలిసిపోతుంది. చిన్న పాటి చిట్కాలతో దానిని వదిలివేయడానికి ప్రయత్నించవచ్చు. మీరు పార్టీలలోగాని ఇంటిలోగాని ఆల్కహాల్‌ (మద్యానికి) కి బదులు మధుర పానీయాలను తీసుకోవడం చేయాలి. లేక పోతే గనుక పనికి వచ్చే సరదాలపై అంటే వ్యాయామం, చదవడం, పెయింటింగ్‌ , లేదా మీకిష్టమైన ఏవేని ఇతర అంశాలపై కూడ దృష్టి పెట్టండి. 9.మీరు మీకుటుంబ సభ్యులతో తాగుడుకి వినియోగించే డబ్బుతో హాయిగా గడపండి. బయటకు వెళ్ళి తినడం, సినిమా చూడడం, ఆటలు ఆడడం, క్రీడలలోపాల్గొనడం చేసిమీకు మీరే బహుమతిగా తీసుకోండి. 10.మీరు యిలా కొనసాగించాలంటే కష్టమనుకుంటే కొత్త వ్యూహాల కొరకు దర్శించండిః