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Ten tips for beginners

Since stock trading is an entrepreneurial profession, which requires, so you risk your money, to make money, it is worth adhering to a rational conservative approach in relation to the markets. Following are some tips for traders, who are preparing to plunge into the pool of trade – with our main focus on preserving capital (and reason), and not because, to get rich quicker. 1. Don't rush to trade. Markets will exist tomorrow, next week, next year and next decade. Don't worry about, what, while doing testing and mock trading without real money, you can miss the movement, once in a lifetime. There are always opportunities somewhere – you have nothing to lose, investing your time in education and training. 2. Don't trade for no reason. When you, finally, start trading, don't trade just because, What do you feel, what should do it, or out of boredom, or under the influence of a gust. Risk your money, only when you see the facts, confirming the existence of a favorable trading opportunity, and you have a plan, with which you can take advantage of this opportunity.

Excerpt from T. Dreiser. “Financier”

In the fourteenth year of his life, Frank Cowperwood first embarked on a commercial adventure. One day, walking down front street, street of importing and wholesale companies, he noticed an auction flag above the door of a wholesale grocery store; the voice of the auctioneer was heard from within: – What will I be offered for a batch of excellent Javanese coffee? Wholesale market price today seven dollars thirty-two cents per bag. How much do you give? The party only goes in its entirety. How much do you give? – Eighteen dollars, – shouted the shopkeeper at the door, actually just for that, to start bidding. Frank stopped. – Twenty two, – said another voice. – Thirty, – a third was heard. – Thirty five! – exclaimed the fourth. The price went up to seventy-five dollars, which was less than half of the real cost of coffee.

Book New Market Wizards. Free Download Conversations with America's Best Traders

Jack D. Schwager New magicians of the market. Conversations with America's Best Traders The New Market Wizards: Conversations with America's Top Traders Jack Schwager – famous financier, author of such financial bestsellers, how “Stock market magicians”, “Technical analysis. Complete course” and others. In the book “New magicians of the market” he talks to the world's leading portfolio managers and traders, who have achieved outstanding performance in the stock markets, futures, options and other. The book allows you to get first-hand investment ideas and trading techniques from leading professionals – “market magicians”. The variety of trading methods is striking, used by these “market magicians”. Some of them trade only on the basis of fundamental analysis., never looking at the stock price charts, others only use technical trading systems, still others focus on options pricing issues, the fourth are trying to find an opportunity for arbitrage profit in today's super efficient market.

Three-screen trading system

Similar in name rather to a medical diagnostic test, the three-screen trading system was developed by Dr.Alexander Elder back in 1985 year. The medical associations here are by no means accidental.: before, how to immerse yourself in the world of finance, Dr. Elder worked for many years as a psychiatrist in New York. Since then, he has written numerous articles and books., including the bestseller “Trading For A Living” (1993). He has also spoken at several world conferences. A lot of traders get used to turning to a single screen or indicator to create each trade.. Basically, there is nothing wrong with using a single indicator to make a decision. Actually, discipline, which is required to keep attention on one scale, being related to the discipline of the individual, maybe, is one of the main components of achieving success as a trader.

Neeson Steve “Beyond Japanese Candlesticks”

Steve Neeson, worked for many years as an analyst at the largest exchange firm “Merrill Lynch” and the author of the book “Japanese candles: graphical analysis of financial markets”, the long-standing bestseller, presents his new work “Beyond Japanese Candlesticks”. Explaining key terms and concepts, Neeson will teach the reader the tricks of reading candlestick charts, will show you how to open and close a position correctly using this tool. The author examines in detail such an important point., as a place of occurrence of candlestick patterns, explains how to use Renko and Kagi charts in technical analysis. Whereas the first book focused heavily on short-term charts, now the author is putting more emphasis on longer-term periods. And there is a simple explanation for this, in – the former on longer time intervals, candlestick charts perform even better, and secondly, the longer the time period, the higher the potential profit.

Super Traders – Richie (part 6)

You can find the beginning of the story about super traders here: Super Traders (Introduction) Richie Outwardly, Richie just gives the impression of a trader with a perfect psycho- emotional balance. Communication is soft, pleasant, focused in work. Richie is a mathematician, and all his trading is tied to numbers and various calculations. Unlike, say, Harry, which the, In most cases, trades on instincts, Richie builds his strategies on statistical tables. This strategy mostly pays off when working with premarket orders., which are placed before the market opens and orders for which are executed on the very first trade. Personally, I always tried not to do anything first. 10-15 minutes immediately after the market opens: even with a pronounced trend in one direction, sharp chaotic movements of individual stocks in any direction are possible. For Richie, first half hour of the market – this is the most productive time, from which not a minute can be lost. From the very beginning of the market, he opens many positions of different sizes and monitors their movement. His task – close positions quickly and with minimal losses, going against him, and work with positions, приносящими прибыль, gradually reducing them or vice versa, увеличивая, closing with a sharp jerk of the stock price in its direction or placing limit orders slightly ahead of the movement.

10 the laws of technical commerce by John Murphy

Which way the market will go? How far up or down? And when he changes direction? Here are the basic questions for a technical analyst. Besides charts, graphs and mathematical formulas, used in the analysis of market trends, there are some basic concepts, applicable to most theories, used by today's technical analysts. John Murphy, leader in technical analysis of futures markets, based on his thirty years of experience, he developed ten basic laws of technical trading: regulations, which are intended, to help explain the general idea of ​​technical trading to a beginner and simplify the trading methodology to a more experienced practitioner. These prescriptions define the key technical analysis tools., and also then, how to use them, to identify selling and buying opportunities.

Trading rules from Jack Schwager

Jack Schwager is the author of the well-known Western bestsellers "Market Wizards" and "New Market Wizards", in which he summarized the experience of the best traders and the most successful investors. Schwager's first book, published in Russian, became an 800-page tome "Technical Analysis. Full course ", published last year by the publishing house "Alpina Publisher". In his book, Schwager also included the quintessence of market wisdom - tips for traders. With the kind permission of Alpina Publisher, we publish the tips in a slightly abbreviated magazine version. Start trading 1. Differentiate between important long-term position trades and short-term trades. Average risk for short-term transactions (implied by the number of contracts in the position and the exit point) should be much less. Besides, the speculator should focus on trading long-term positions, as they are usually significantly more important to the success of the trade. Error, performed by many traders, is, that they are so immersed in trying to catch short-term market swings (creating tons of commissions and slippage), what major price movements are missing.

Golden words about the exchange

According to Buffett, long-term investors are needed for the overall health of financial markets, looking for long-term prospects and making appropriate investments. “The Warren Buffett Way”, Robert G. Hagstrom Jr.All professional players (alone – before, other – later, and still others – regularly) are experiencing total bankruptcy. The reason is – their ability to voluntarily put every last penny on the line, even if the odds of winning are dubious. “Stock speculator universities”, Viktor Niederhoffer The game of professional investing is unbearably boring and overly demanding for everyone, who is completely devoid of player instinct. Same, who is endowed with this instinct, forced to pay the appropriate price for their addiction. “Exchange – game for money”, Adam Smith

Smart thoughts of successful traders

Here are the rules from various sources., thoughts, the views of real professionals. 1. Treat losses as tuition fees. 2. Never enter the market, if losses exceed the established limit. 3. It is very bad to miss a trading signal – big profits can be missed. Every trading signal must be used. There is protection against losses – stop order, but against a missed opportunity – No. 4. It is necessary to correctly and always place a trade stop order inside. 5. The trading system must always be developed and adapted for a specific personality. 6. Any trading system has a period of a series of losses. 7. Focus on the trading process, not on the result.

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