Succeeding in foreign exchange transactions, and the resulting financial independence can offer many advantages.

 

“I pay cash”

Learning Forex who do not want to pay large cash purchases. For a successful trader is no problem and has many advantages. Interest to be paid on these loans can be stored and used for transactions in the foreign exchange market. This is one reason why the rich get richer is because you do not have to have debt. Who does not have debt, do not have to worry about monthly payments and make it more focused on things that are more important, as the Trader
example.

Find a profitable transaction and apply the rules of transactions in the Forex market is profitable.

There is also a trader who acquired the trading capital of a large debt and objectives initially to repay debts with interest. However, anyone who can pay for a car or a house in cash, will have a better idea in trading.

 

Trading book “Pit Bull: Lessons from Wall Street Champion Day Trader” by Marty Schwartz talks about how he bought the beach house in the Hamptons for $ 400,000 and paid in cash. In addition, he also wrote in the 1980s, an apartment costing $ 3,000,000 paid in cash, all paid for with profits in trading on financial markets.

 

This can only be done by a successful trader. They bought a house in cash and without batting an eye.
Access to get the best price on the market

 

If a successful trader decides to buy a house or something more expensive, he will get a much cheaper price than the average of other consumers. This is because the mortgage you get better deals from banks and thus get a higher credit limit. This is not only true for any successful trader, Facebook boss Mark Zuckerberg, for example can finance his home with only 1% interest rate.
Buying in bulk

 

To get a better price, rich people buy goods in bulk. The price difference is stored so that it can be used to finance a hobby or to increase the capital of the trading account.
Travel and relocation without problems

 

As a wealthy trader, namely having a financial background is not a problem, sometimes the mood quickly changed if only in the house. When the psychological condition is not in accordance with the housing situation or the environment in which he lived today, he can buy a house in another city or even another country who could make it comfortable. Foreign exchange and stock markets can be traded from anywhere in the world. To ensure smooth access to the trading platform only needs a stable internet connection.
Freedom while

 

This is an important point. Money can buy many things, including freedom. At some point, almost every wealthy trader said: “I want to find out what is needed in life”

 

Because money can not buy everything.

 

In fact, money is not everything in life. Just as Gordon Gekko in the movie Wall Street 2 says:

One thing I learned in jail is that money is not the highest good in one’s life. The most important thing in life is the time you have and how to use them.

 

You often hear about how the rich get richer. Especially in the financial crisis of the last few years, often discussed in the media. But why is that?

 

Gather assets can be a way that is simple and secure for example Shares from bank. In general, no matter what the financial reserves invested, both in the stock market or other long-term investments, each year will get quite a lot of interest.

 

Of course here the amount of capital plays an important role. Simple and interesting way to get a few million as pocket money stored on your daily account.

 

Through its network rich people get access to investment opportunities and attractive business. More and more investment opportunities you have, the higher the likelihood that generate very high profits.

 

So, if you ever once making money, to produce again and again not too difficult. There’s a saying:

 

The most difficult is the first millions.

 

Currently more easily become rich quickly by trading in financial markets rather than the past. Access to all the necessary information more accessible than ever before. Such as books, articles, videos and more. All things are not owned by trader 30 years ago. Today in a matter of seconds you can make forex demo account, charts are readily available and can be open – closed the transaction in real time via the Internet.

 

Perhaps the biggest hurdle to traders is how to perceive and interpret the information available with the right to take the best decision.
What should I do to become a successful trader?

 

Perhaps you have doubts whether you can arrange for continued success in forex trading for the long term.

 

Doubts like this is useless. Concerns loss of savings can be overcome by habit to always work hard.

 

I have long been looking for the perfect trading system. I have spent a lot of time in finding a trading system that has a high degree of victory. Technical indicators, Forex Robot, chart patterns and price movements. Everything does not give any real success.

 

I would have given up. I try to rest for a few weeks and months, but I never really give up or lose confidence to obtain success. With strong determination to succeed and through further research, I became aware of the things that affect and cause market movement. Not an indicator, chart or Forex Robot but market participants and their expectations in the capital market as you invest.

 

When We Can not Accept Such Losses

 

The ability to accept losses on the trading can be a key factor in the formation of you become a successful trader. I’m not saying that the loss will motivate you to be better;
If you know how to handle the losses significantly in order to inspire the level of your success in trading.

If you refuse to tolerant when it suffered a loss it will effecting to you to the next loss. Learning to accept and deal with losses in the trade as important as making trading successful

 

Here are seven steps you can take to survive and thrive even when suffering a loss:

 

1. Write down your trading results . Do not hide these losses under your carpet. You need to learn from these losses so that you need to write. Include how you see the market at that time and how the state of the market and the indicators used to make these decisions.
2. Evaluate Your Trading  After the trading time expires or when the market closes, back to what you’ve written and see what can be learned. Do you miss reading the market? Is there anything that fails to be checked? Are you taking the position despite not meeting the criteria of your trading system?
3. Use the loss as an opportunity to learn:”What can I learn from this trading results? Ask yourself, Is there any additional information regarding market conditions can be obtained? Is there anything about your trading behavior that needs to be fixed? Whatever it is, you have the opportunity to learn something new and valuable!
4. Take immediate remedial action  Do you need to modify your trading system? Do you need to improve your personal discipline? Whatever you have learned, to take immediate action.
5. Keep Your Emotions ….You always have a choice when you act. You can accept the loss as an inevitable part of trading and grateful that you can learn from it, or you may think otherwise and make yourself feel more negative than before. Essentially you have to keep your emotions.
6. Remember, probability-based trading. Every trade you have the probability of winning and possible losses. Trading is always uncertain. This is the law of probability trading.
7. Networking: We all need the support of a fellow trader as well. Talk with your trading friend, mentor, partner or spouse. It helps to unload what was wrong with you and you may get a different perspective.

Placing seven steps in place, you will definitely be on the road to survive and even thrive loss.

 

You will get a much clearer picture if we could understand how markets interact with each other. It would be very interesting to observe the relationship between the commodity, the price of bonds, stocks, and currencies.

In most cycles, there was a general order in which the four markets may move. By looking at all of the movement, we will be better able to judge which way the market will move? Because in principle the four markets cooperate and some against direction.

 

Push and Pull

 

Let’s see how the prices of commodities, bonds, stocks, and currencies interact. When commodity prices rise, the cost of goods will be pushed up thus increasing the price movements or inflation. In turn potentially, interest rates will also increase.

 

The relationship between interest rates and bond prices are inversely proportional. Therefore usually bond prices will fall when interest rates rise.

 

In general, bond prices and stock prices are correlated. When bond prices begin to fall, then the stock price will eventually follow suit due to the cost of borrowing becomes more expensive and the cost of doing business rose due to inflation.

 

Again, we will see moments between bond prices fall which caused a decline in the market price of the stock.

Currency markets have an impact on all markets, but the main focus on commodity prices. Commodity prices will affect the price of the bond and then stock prices.

 

The US dollar and commodity prices were generally in the opposite trend as the dollar declined against other currencies.

Application

 

Intermarket analysis is not a method that can provide a signal to buy or sell signal. However, providing excellent information to confirm trends and will provide information on the potential reversal in price direction.

 

If commodity prices rise, bond prices have started to turn lower. A matter of time to wait for the stock price falls.

Nonetheless, this is only a kind of “warning” that there will be a reversal of the trend that will probably happen in the near future if bond prices continue and change to a lower level.

 

Inter market Analysis Not Succeed?

 

There is always a correlation between these markets, but there are times when correlations mentioned above will not give a good picture.

When the collapse of the Asian market in 1997, the US market saw share prices and bond prices goodbye (stocks fall as bond prices rise, and stocks rose as bonds fell). This violates the positive correlation of bond and stock prices. So, why is this happening?

A typical market relationships will look when inflation looks. So, when we moved into a deflationary environment, the relationship will shift.

Deflation generally will push the stock market to move to a low level without any potential for stock price growth. On the other hand, bond prices will move higher to reflect the decline in interest rates (remember, interest rates and bond prices move in opposite directions).

 

The key to success in learning forex trading, forex, stocks and commodities trading is not with the indicators used or trading system is applied (not that I want to say that the trading system is not important yes !!), but rather lies in the “ACTION” you. “ACTION” is meant here is the abbreviation word which is the key to successful learning that focuses on the psychology of  Forex trading. Anything?
“A” is “Accept”

 

Which meant that you had to be willing to accept all of the possibilities that will occur when either the trading profit or loss. If you are aware of the risks in forex trading, then you definitely will prepare in earnest earlier. “Recognize and accept that every transaction, there is the possibility of loss even though it was in accordance with the trading plan”.
“C” is the “Center”

 

This means that you should focus on when conducting a transaction. The more calm the psychological condition of a person, the greater its ability to focus. Perform simple relaxation so you can focus so the better the quality of your trading. Learning can focus through meditation, yoga or just draw a deep breath. Traders who are less focused and emotionally very vulnerable take poor trading decisions.
“T” is “Trust”

 

Believe in yourself, trust your intuition and analysis results over trading recommendations that you get from other people. By trusting the analysis and intuition alone, would sharpen the critical confidence in your trading. If you do not believe in your own trading system, evaluate or test. If the result is not good, please replace the trading system you use. However, if after testing, your trading system gives the results of 60%, believe that your system.
“I” is “Imagine”

 

Visualize your success before you actually reach it. Visualize in detail by using the five senses will encourage your destination quickly achieved. Visualize in detail can manipulate your subconscious to find any way to make it happen. The process of detailed visualization taught in many trading books by experts.
“O” is the “Objective”

 

Try to be objective in assessing a transaction. Fear can make traders over-analyzing, hesitant, insecure and not objective. Focus on the transaction front of the eyes, do not be too many suppose or predict the market. You can’t control what will happen, but you can have the confidence to deal with what was happening.
“N” is “Never stop a course of action once have begun. Successful traders love to complete projects “

 

Complete your trading accordance trading plan which you apply, do not fickle. Plan your trade and trade your plan. If from the beginning you are in doubt, do not do the transaction.

 

The most Important thing, Never put amount of Money That You Cant afford to Loose