Trading Without Loss ala Marcelino Livian

Not many people can spit that they are capable of trading without loss. It sounds more like a pipe dream than a trading strategy. However, one of the world-class master trader, namely Marcelino Livian, able to reap the benefits of more than 80% during the four years of trading.

Marcelino Livian started his career began in the 90s, a decade before trading online to bloom. Reportedly, he was so focused with his trading activities so that even when eating, trading topics was the talk with his family. For his birthday present was, he gave Microsoft stock. To his children, he was taught to "let money work for us". It was, he said, would be better than leaving your money in the bank only.

From the figure of Marcelino Livian, we were able to learn some things that will be needed to become a successful forex trader. Among them:

Have Enough Capital

Besides businessmen, Livian is also an entrepreneur. He treats trading as a business, and did not want his business was closed down. Therefore, he set up enough capital to trade. So, have sufficient capital is the main requirement for trading style Livian Marcelino.

Most traders usually choose to let only floating loss, but in a hurry to close the position at a time of floating profit. As a result, when there is loss, trading account often charred. Instead, Livian able to withstand market volatility during the year with strong capital provision. That way, he could always cover positions in profit.

Buy At Low Price, Selling At Higher Price

From the foregoing description it can be seen that the Livian including long-term traders (long-term trader). However, the most important key strategy is the ability to find the lowest historical levels and the highest in large timeframe (or W1 D1), as well as open positions gradually until he had had enough (averaging). Livian stepped carefully associated with it, but it could turn aggressive if it finds a good moment to enter the market.

 Do not be Greedy, tides Profit Target

Greed, or greed, is one of the basic human nature that is hard to control. However, if we position trading as a business that is a source of livelihood, then surely we will work harder to avoid bankruptcy.

About this time, Livian revealed that he was always eyeing a profit target of 20% of the capital, with the most minimal risk. He said, "I do not gamble, I'm also not playing the lottery. I came to Forex to do business and make money."

Score 20% it may sound low. But if we look again first lesson, then surely we can imagine that the profits earned are not few.

Conclusion

Of Marcelino Livian we can conclude that the "trading should be seen as a business where money 'working' for us, rather than letting it sit in the bank". Bank at most, only able to provide 5-10% interest, but the investment will generate greater profits.

In addition, it is important to note that the capital strength is important in investing. Many businesses, both forex and other business failed due to lack of capital to handle errors encountered when starting a new business. Sufficient capital will give us time to gather experience beyond trading demo account and make mistakes while still studying.

Get rid of the assumption that if the trade is also then a time will definitely loss. In reality, there is rarely experienced a loss. As long as we have always held the three points above, I believe we all can make trades without a loss as long as we have a trick or Trading Capital Management to maintain good health and do not make mistakes that do not need to do.

Source: www.futuresgalleriablog.com

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12:52:00 PM | 0 Comments

Trader Success Stories - Cynthia Kase

Traders who have been successful in his career mostly dedicate their knowledge and time to develop the world of trading and investment such as establishing investment consulting firm, being a commentator on various media investment and business, or write a book. We can take the positive benefits of travelogue careers and their view of the world of trading and investing.

Cynthia Kase, only believes in his own creation indicators

Trader and consultant Cynthia Kase just rely on a number of technical indicators which he created as a trading signal. We will take important decisions in trading Kase always be based on technical indicators without consideration of the influence of fundamental factors at all.

Kase is the educational background of chemical engineering. In 1983 when he joined Standard Oil of California, leaders assign Kase to strengthen trading division as part of a program of business development and management companies. He soon learns to gain perspective on the world oil trade.

"There were two interesting events in 1983 that are important to the world oil trade," Kase recalls. "In 1983, trade crude contract world was introduced for the first time, and the personal computer (PC) is being started to be used for trading," he said. "I use a personal computer specialized in the trade to learn. For traders at the beginning of the 80s you certainly know the situation, let alone my background in chemical engineering and my knowledge of the personal computer is limited, "he explains.

He studied trading alone, and as he says that "you should be a person who is alone when trading so that the maximum result. You should not trust the opinions of others. And the important thing you have to stay focused and think calmly. But you also do not have to insist and push yourself. "Cynthia Kase just rely on and trust the indicators of his own, but," I am not focusing on technical indicators before 1985, "he said. "Trading with technical analysis is very complex. It takes time and effort to really understand it. Can not only by two days to read technical analysis is then directly used just for trading. "

Over the years Cynthia Kase create and develop his own trading indicators, and now she uses also for its clients. In addition to trading for yourself, Kase was also a consultant with more than 30 companies. "As a trader technician, I apply a pattern of price movements, momentum and trend," Kase explained. But, "I'm using statistical indicators and not on a purely empirical observation" The basis of the indicator Kase is the peak-oscillators or momentum indicators and deviation-stop or stop method based on volatility. Regarding Kase indicator can be read in detail in the "Futures Magazine".

In terms of frequency trading, Kase explained that he did not necessarily trade every day, but every 3 to 10 days. "The technique that I use trading prioritizes exit strategy, rather than on its entry point," said Kase. "I can profit quickly, many trades but pip profit is small. I took profit of dangerous moments, such as the current price movement pattern reversal. More important to me is trading the right way rather than a big profit, "he continued. For the record, technical indicators creations can be applied to all types of markets including forex market.

His advice to the novice trader? "The only way to learn trading is to make trades. There is no holy grail in trading. Keep learning and hard work. Trading capital should not be a major reason. If you feel disappointed really been two years of trading did not produce anything, even a loss, then you should not plunge into the business of trading. "

Source: News For The Financial World

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12:49:00 PM | 0 Comments

Inspirational Step To Be Good Trader

A man and a boy sitting in a wooden house filled with old furniture and dusty. Where the boy bowed his head, looking at a guitar propped his feet were small.

Then the man sat staring at the little boy. He is Jack White, a famous musician on the list of the 100 Greatest Guitarists of All Time magazine Rolling Stone.

Where the boy was his.

From the above excerpts of stories, is a scene from the documentary titled "It Might Get Loud". However an adage we can glean from the story above, from another person or a place that we never imagined possible before.

Here Jack White taught how to play the guitar to his son.

"You have to fight the guitar ..."

"And you have to win."

While the suggestion to become a successful trader ... For trading. For a life in your trading career ... you should be able to fight. And you should be able to win it.

Jack said, "You should be able to fight with guitar". Was all he said before leaving her son. The words "fight" a lesson for children. And perhaps at that moment I would bet my money on the guitar.

In other words, at that time there would be no hope. you can only win. But more likely you will be a lot of defeats. But even so, Jack said, "You have to win". In other words, Fight until you can beat. Of course there will be expectations when you are trying in earnest.

Maybe it will take up to 3 months, 3 years, or even 30 years. While trading is not a shortcut to becoming a millionaire suddenly.

Start with a question "Why?"

Why did you choose to trade? And why did you choose as a trader? As well as what needs to be prepared before the plunge in world trade? Therefore, let's look at some of the categories that can help you to become a successful trader.

1. Mental

Why do you choose the trading world? I hope not to get rich quick. Because if we do, then you will be ridiculed by the market. Where I learned a lot from Jessie Livermore, one of the legendary trader. Which he said the following;

"The game of speculation is the most interesting games in the world. But if you know, it's not a game for people who are ignorant, lazy mentality, people with low emotional balance, or people who dream of getting rich quick. Those I mentioned will eventually die poor. "

Market will give you the opportunity to make a profit for those who are serious. You have been given the ease of doing it from home. Then, use the best possible way ...

2. Knowledge

Knowledge, 2 (two), sorts, Special and General. General knowledge has a width of 3 kilometers and a depth of three centimeters. Specialized knowledge has a width of 3 centimeters, but the depth of 3 kilometers.

As for becoming a professional trader, you are required to have in-depth knowledge of trading. You may read the news and can grasp the general content of the news. However I'm sure you also never found a term you do not understand in it.

Start with one word, or the terms of trading that you do not understand, find the answer through google uncle, blog, website, or hanging out in the trading forum. Do this when you find a word you do not understand.

Trading is not something that you can learn by reading. You need some experience. You'll be surprised where you will often repeat the same mistakes. From here you can learn to control themselves. Until eventually you will get to a point where the knowledge of the market will move.

3. Find yourself

You will surely find a trading strategy that draws from forums, blogs, and so on. Then you try the demo account to eventually use in their daily trading. But sometimes everything does not work as intended. Confidence and experience the creator of such trading strategies may not be transferred to you.

You might make an adjustment of the trading strategies they use. Adjustments that will certainly make you more comfortable and more confident. Therefore, find yourself, and adjust with the skills you have.

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12:43:00 PM | 0 Comments