According to the author: "I admit that I is not smart enough to invent these ludicrous, simple and profitable trading rules. I learned about them 15 years ago. But they are working to this day. By following these rules, you will be guaranteed to make money when more when less, but the main thing that will make a profit. They are very user friendly and simple. More difficult to observe them. "
Old, but still profitable rules.
If something is the truth in trading on the forex, it is that simple rules work on it effectively zamudrennyh theories. Complex theories based on moving averages, indicators , and other nasty things often can not give the trader to focus and make the right decision. At the same time, they give different signals, re-drawing of the dot. One of these methods is recommended to close the deal, and others just sending a signal to input. They are all the same in one thing - they will not give you money. Next, let's discuss how Richard Rhoda, a successful trader, one by one:
1 rule. The bull market always involves opening long positions. Sounds, but for some reason many people are beginning to sell after a significant market moves up, after a strong momentum move, hoping to catch the speedy collapse of the belief that the market is overbought, and as luck would have it is not, is kept at the same level, and then torn up. It is not known how much this is going and how many thousands of people every day are losing money on these maneuvers. Thus, we exclude the income and do not let her grow up, being in a short position. Remember, if the market is clearly bullish, it is best to open long positions or not to open. No position is also the position, often not giving the market to pick up your deposit.
2 rule. Buy strong stocks or courses and sell weak ones. The public continues to buy when prices are falling. Professionals are not afraid and will buy at a strong bullish sentiment in the bottom of the market
3 rule. When you trade, you should select a deal where the price will go to your scenario. Never the transactions if you are unsure or do not have a clear plan for closing position.
4. Always add a profitable position, preferably on strong support levels. In a bear market from the line of resistance. As the first point to add is usually the first level of correction in the area of resistance, often coming up with the lines of 30-60 percent pullback.
5. Be patient. If you missed the entrance, wait correction.
6 rule. Patience and only patience, never close the deal, getting the slightest profit, let profit grow.
7 rules. Again, patience, fixing at least some income is one of the bad advice. Taking a small profit inherent beginners, they do not want to wait, wanting to procure at least the pie, after which they usually lose everything. Good profit professionals are leaving the transaction in the months and even years. You have to cultivate patience to the age of luxury profits.
8 rule. Again patience. Patience, patience. And it is very important! The fact is, it is important to trading, not to make it most profitable trades. It's important
how much you extract from them. You may be 5 and 10 invalid inputs with minimal losses, but at 11 you get a good deal income can cover previous minor setbacks.
9 rule. But against losers be impatient. Do not give hope to capture your mind. Do not sit looking at the losers. This obscures your intellectual capital, which is the worst. If you want to become a professional, never look at the damage, crop them in the bud
10 rule. Lot of controversy on this point. Many argue that this is part of their strategy. Understand what is at stake? On averaging. Again - do not add to the loss-making positions in the hope of a speedy turnaround. No one can predict the future price movement. This may be the impetus to 400 points with a quick return. Then you can stay without capital. No need to outstay losing positions, in 99% of cases it ends in failure. Remember, the main expectation of profit, and here it is clearly negative, the market is unpredictable and chaotic.
11 rule. Add to profitable positions in your portfolio, and vice versa, take money out of unprofitable.
12 rule. Tender when your actions are confirmed by both technical and fundamental analysis. Always looking for some confirmation signals your position, it is better if it is at least 3, trade with great confidence and never risk everything, even if you think you are 100% confident.
13 rule. Never attempt to fight back, show the market is which your anger to no good will not, and you will soon lose the ability to judgment. Skip this trading day. Shape up to go out, sleep well.
14 rule. If today you are "lucky" few try to increase your rate if you allow your deposit and the rules of risk management. All of us are of such periods and sin not to use them, or to take full advantage.
15 rule. Adding to stick to the position of the rules of money management, do not add more than half of the purchased item, the market is changing and it is not known that you have prepared, things can go wrong in your scenario. And hope for a good profit can result in failure.
16 rule. Always try to catch the correct side of the market, when in doubt, stay away - this is also the position, not the worst.
17 rule. Most recent ten percent of its movement in a bull market, the price makes the maximum pulse racing, then usually followed by a reversal. The first 90 percent of the price slowly and surely growing.
This is common sense, those rules no big deal. More difficult to follow them. And beware zamudrennyh theory that you do not understand how to trade, and in general on which it is built. Richard Rhoda rules are simple, but at the same time brilliant. Must conquer yourself and follow it every day if you want to successfully work in the financial market Forex .
Old, but still profitable rules.
If something is the truth in trading on the forex, it is that simple rules work on it effectively zamudrennyh theories. Complex theories based on moving averages, indicators , and other nasty things often can not give the trader to focus and make the right decision. At the same time, they give different signals, re-drawing of the dot. One of these methods is recommended to close the deal, and others just sending a signal to input. They are all the same in one thing - they will not give you money. Next, let's discuss how Richard Rhoda, a successful trader, one by one:
1 rule. The bull market always involves opening long positions. Sounds, but for some reason many people are beginning to sell after a significant market moves up, after a strong momentum move, hoping to catch the speedy collapse of the belief that the market is overbought, and as luck would have it is not, is kept at the same level, and then torn up. It is not known how much this is going and how many thousands of people every day are losing money on these maneuvers. Thus, we exclude the income and do not let her grow up, being in a short position. Remember, if the market is clearly bullish, it is best to open long positions or not to open. No position is also the position, often not giving the market to pick up your deposit.
2 rule. Buy strong stocks or courses and sell weak ones. The public continues to buy when prices are falling. Professionals are not afraid and will buy at a strong bullish sentiment in the bottom of the market
3 rule. When you trade, you should select a deal where the price will go to your scenario. Never the transactions if you are unsure or do not have a clear plan for closing position.
4. Always add a profitable position, preferably on strong support levels. In a bear market from the line of resistance. As the first point to add is usually the first level of correction in the area of resistance, often coming up with the lines of 30-60 percent pullback.
5. Be patient. If you missed the entrance, wait correction.
6 rule. Patience and only patience, never close the deal, getting the slightest profit, let profit grow.
7 rules. Again, patience, fixing at least some income is one of the bad advice. Taking a small profit inherent beginners, they do not want to wait, wanting to procure at least the pie, after which they usually lose everything. Good profit professionals are leaving the transaction in the months and even years. You have to cultivate patience to the age of luxury profits.
8 rule. Again patience. Patience, patience. And it is very important! The fact is, it is important to trading, not to make it most profitable trades. It's important
how much you extract from them. You may be 5 and 10 invalid inputs with minimal losses, but at 11 you get a good deal income can cover previous minor setbacks.
9 rule. But against losers be impatient. Do not give hope to capture your mind. Do not sit looking at the losers. This obscures your intellectual capital, which is the worst. If you want to become a professional, never look at the damage, crop them in the bud
10 rule. Lot of controversy on this point. Many argue that this is part of their strategy. Understand what is at stake? On averaging. Again - do not add to the loss-making positions in the hope of a speedy turnaround. No one can predict the future price movement. This may be the impetus to 400 points with a quick return. Then you can stay without capital. No need to outstay losing positions, in 99% of cases it ends in failure. Remember, the main expectation of profit, and here it is clearly negative, the market is unpredictable and chaotic.
11 rule. Add to profitable positions in your portfolio, and vice versa, take money out of unprofitable.
12 rule. Tender when your actions are confirmed by both technical and fundamental analysis. Always looking for some confirmation signals your position, it is better if it is at least 3, trade with great confidence and never risk everything, even if you think you are 100% confident.
13 rule. Never attempt to fight back, show the market is which your anger to no good will not, and you will soon lose the ability to judgment. Skip this trading day. Shape up to go out, sleep well.
14 rule. If today you are "lucky" few try to increase your rate if you allow your deposit and the rules of risk management. All of us are of such periods and sin not to use them, or to take full advantage.
15 rule. Adding to stick to the position of the rules of money management, do not add more than half of the purchased item, the market is changing and it is not known that you have prepared, things can go wrong in your scenario. And hope for a good profit can result in failure.
16 rule. Always try to catch the correct side of the market, when in doubt, stay away - this is also the position, not the worst.
17 rule. Most recent ten percent of its movement in a bull market, the price makes the maximum pulse racing, then usually followed by a reversal. The first 90 percent of the price slowly and surely growing.
This is common sense, those rules no big deal. More difficult to follow them. And beware zamudrennyh theory that you do not understand how to trade, and in general on which it is built. Richard Rhoda rules are simple, but at the same time brilliant. Must conquer yourself and follow it every day if you want to successfully work in the financial market Forex .