1) Start trading on the foreign exchange market can have a minimum of 5000 Euro
This money should not be all of your savings and you must be willing to part with them easily. Money should not tread on you. If you so much, we work with the ruble Forex, good now, many dealing centers provide such an opportunity.
For example a deposit of $ 2000 and playing a lot you have only 1000, because 1000 goes on bail lot. That way you can lose only 1000 - it is 100 points for a Jew. In other words, two consecutive stop-loss of 50 points strike at the root of your deposit. While many successful strategies allow two or more stop-loss in succession. Invested 5 -10 thousand rubles, you’ll be more sober look at the trade, not exposing themselves to unnecessary emotions, which are your enemies BASIC.
2) Most places stop-loss at the same time with the opening of the transaction and will not abolish them.
A huge amount of traders lose because it does not hold the foot, or move them away in the hope that the rate of return to their side. Perhaps move the foot, but only if the rate goes to your side, say at 50 points, ie you at this time, plus 50 points, in this case, you can move your feet to the point of opening a position. Then, if the rate goes against you, then you quit for the same price as the open, nothing is lost. This is called a trailing stop. Ie, the next stop for the course, but in no case against him.
3) Do not “scalp” a profit.
Another common mistake novice traders. Exposed to the example of a stop at 50 points, while profit of 100 points, traders saw that the course went into his side let’s say by 20 points, closing the position, do not wait for this profit, the goal he set for ourselves. This is especially characteristic of traders trading in the Forex currency where 20 points equals $ 200. Let people put 2000 dollars, when they saw $ 200, it can take just loses his head, he captures these 20 items. At the same time, its stop-loss is 50 points, ie, 500-s U.S.. There is no doubt that this man very soon will lose their deposit, unnecessarily two errors he had committed a “scalp” a small profit, and open foreign exchange deposit, although it would be wiser to say 30 thousand rubles per ruble Forex.
4) strictly follow the chosen strategy, not listening to others’ advice.
At Forex there is a huge number of strategies, many of them can consistently yield 200-400 items per month (with a lot). It is possible that you come across these, you can even jump from one real strategy to another, only because of the fact that few, or even once worked stop-loss and was taken to seek another “the elixir of success.” This is a big mistake, strategies in which you each times would have been in the black do not happen. Worked to stop-loss is a natural part of the same trade, and profit. The whole point in the right balance between these two elements. For example, in your strategy for stop-loss is 50 points, while the profit is equal to 100 points. As we have seen, once won 100 points, you will cover the two stop-loss. Of the ten transactions you need to win all four to be benefited. I.e out of ten transactions, you can be up to six times in the red. This is absolutely normal for a successful strategy. Therefore, once you have a strategy that you checked on the history and demo account, then STRICTLY follow her and the real market.
5) control your capital.
As already mentioned above, you must have a minimum of 5000 Euro to start trading. With this amount, you can work with only one lead. Not two and not three. Playing a large number of lots in 5000 - is another way to lose your deposit. Let’s assume you followed all the rules and your deposit is increased to 10000. You can start work in two lots. Now, to earn another five thousand, you will need twice less time, BUT! Earn 15000, you should not work in three lots. The whole point is that you can increase the number of lots only, if you’re running 5000 on one lot. Here we can see that you have earned through 5000, two lots, ie, to 2500 on one lot, and not 5000, as expected. Thus, it is obvious that you can work in lots of three earning just 20000, for 5000 on the lot. And further, to earn 20,000 you can work in lots of three, earning lots of 5000, ie, 15000 you get the amount of 35000 and you can work with four lots. Remember, you must earn by 5000 with each lot, before the increase of the number.
It’s that simple! But at least one violation of these rules will lead you to ruin. Unfortunately, the vast majority of novice traders often violated all rules at once, losing the deposit with anyone other than themselves. Remember even the most important rule - your main enemy in the market - it is YOU. Able to win yourself, you no doubt will succeed.
![Simply Red - 25: The Greatest Hits [2008]](http://i41.tinypic.com/30xke2o.jpg "Simply Red - 25: The Greatest Hits [2008]")
