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