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Обсуждение книги Тома Лекси “«Locked-in Range Analysis: Why most traders must lose money in the futures market (Forex)»”
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Locked-in Range Analysis (Анализ диапазона заблокированных позиций, сокр. LRA) – метод анализа рынка фьючерсов, который был создан и описан Томом Лекси в книге «Locked-in Range Analysis: Why most traders must lose money in the futures market (Forex)», который сводит к минимуму неопределенность на рынке.
LRA – метод интерпретации графика цены и объема, для определения направления преобладающих объемов открытых позиций, дисбаланс которых будет информировать о будущем рыночном поведении.
Кто владеет данной методикой? Как Вы используете в своей торговле данный анализ?
Reasons Why Forex Traders Lose Money
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A commonly known fact is that most forex traders fail. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting. The forex website DailyFX found that many forex traders do better than that, but new traders still have a tough timing gaining ground in this market. To help you make it into that elusive 4 percent of winning traders, the following list shows you some of the most common reasons why forex traders lose money.
Befriending the Market
The market is not something you beat, but something you understand and join when a trend is defined. At the same time, the market is something that can shake you out if you are trying to get too much from it with too little capital. Having the “beating the market” mindset often causes traders to trade too aggressively or go against trends, which is a sure recipe for disaster.
Low Start-Up Capital
Most currency traders start out looking for a way to get out of debt or to make easy money. It is common for forex marketers to encourage you to trade large lot sizes and trade using high leverage to generate large returns on a small amount of initial capital.
You must have some money to make some money, and it is possible for you to generate outstanding returns on limited capital in the short term. However, with only a small amount of capital and outsized risk because of too-high leverage, you will find yourself being emotional with each swing of the market’s ups and downs and jumping in and out and the worst times possible.
You can resolve this issue by never trading with a too-small amount of capital. This is a difficult problem to get around for someone that wants to start trading on a shoestring. $1,000 is a reasonable amount to start off with if you trade very small (micro lots or smaller). Otherwise, you are just setting yourself up for potential disaster.
Failure to Manage Risk
Risk management is key to survival as a forex trader as in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.
To counteract this threat and implement good risk management, place stop-loss orders and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.
Giving in to Greed
Some traders feel that they need to squeeze every last pip out of a move in the market. There is money to be made in the forex markets every day. Trying to grab every last pip before a currency pair turns can cause you to hold positions too long and set you up to lose the profitable trade that you are trading.
The solution seems obvious here, just don’t be greedy. It’s fine to shoot for a reasonable profit but there are plenty of pips to go around. Currencies continue to move every day so there is no need to get that last pip; the next opportunity is right around the corner.
Sometimes you might find yourself suffering from trading remorse. This happens when a trade that you open isn’t immediately profitable and you start saying to yourself that you picked the wrong direction. Then you close your trade and reverse it, only to see the market go back in the initial direction that you chose.
In this case, you need to pick a direction and stick with it. All that switching back and forth will just make you continually lose little bits of your account at a time until your investing capital is depleted.
Trying to Pick Tops or Bottoms
Many new traders try to pick turning points in currency pairs. They will place a trade on a pair, and as it keeps going in the wrong direction, they continue to add to their position being sure that it is about to turn around this time. If you trade this way, in the end, you end up with much more exposure than you planned, along with a terribly negative trade.
It’s best to trade with the trend. It’s not worth the bragging rights to know that you picked one bottom correctly out of 10 attempts. If you think the trend is going to change, and you want to take a trade in the new possible direction, wait for a confirmation on the trend change.
If you want to pick up a position at the bottom, pick up the bottom in an uptrend, not in a downtrend. If you want to open a position at the top, pick a top when the market’s making a corrective move higher, not an uptrend that’s part of a larger a downtrend.
Refusing to Be Wrong
Some trades just don’t work out. It is human nature to want to be right, but sometimes you just aren’t. As a trader, you just have to accept that you’re wrong sometimes and move on, instead of clinging to the idea of being right and ending up with a zero-balance trading account.
It is a difficult thing to do, but sometimes you just have to admit that you made a mistake. Either you entered the trade for the wrong reasons, or it just didn’t work out the way you planned it. Either way, the best thing to do is just admit the mistake, dump the trade, and move on to the next opportunity.
Buying a System
There are many so-called forex trading systems for sale on the internet. Some traders are out there looking for the ever-elusive 100-percent accurate forex trading system. They keep buying systems and trying them until finally giving up, deciding that there is no way to win.
As a new trader, you must accept that there is no such thing as a free lunch. Winning at forex trading takes work just like anything else. You can find success by building your own method, strategy, and system instead of buying worthless systems on the internet from less-than-reputable marketers.
Thread: Why Forex is the best, Why Forex is a bad idea?
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Why Forex is the best, Why Forex is a bad idea?
Hi dear friends ,Fast changing market conditions, high volatility, and leverage can make Forex trading a high risk activity. . So, if you can’t handle the idea of losing every dollar in your account, Forex trading is not going to fit your targeted risk/reward
The Following User Says Thank You to muhammadhaneef For This Useful Post:
about my experience forex trading is a best not a bad idea because you know that forex trading provide many facilities opportunities and also for provide many many profit very easy and very short period of time so I will suggest you and I will otherwise you will work in this platform and must join it and proper way of improving your knowledge skills and proper way of improving your skills and proper way of using them account will must use your abilities.
Hey brother, you have done a very good thread, if we work hard in Forex and keep our hard work, then Forex is a very good business. If we cannot work hard, we can never succeed in this nor can we earn good profits. Forex is not the best for a bad guy Who can’t work .If we work hard in Forex, then we can definitely succeed in it and earn the good profit.So I think Forex is a very good idea and it is very proper and tremendous business.
All the people who are joining the forex business and working hard will surely achieve success. And for those who do not have business or are unemployed or cannot start their own business Forex business is a very good choice for them all. See more time by doing excellent work here and by learning more and more, he can achieve success. That is why if you want to use the best and the best business, then it is a forex business. If you do not have knowledge and you want to gain knowledge, then you must consult the senior forex member Because they have given too much time to the forest business and have also obtained excellent knowledge. We can achieve success by following everything of them and also open successful tread.
One of the most important advantages of trading in the Forex market is that it is possible to profit from continuously by benefiting from the high and low prices of currencies. Often Forex companies and different sites promote trading in the Forex market by talking about the tremendous gains that you will get once you start trading in the Forex market, but most of these companies often ignore talking about being exposed to a loss in the Forex market, although exposure to loss It is an inevitable matter that every trader in the Forex market is exposed to, and every trader must accept the idea of losing it in the Forex market so that he can reduce this loss and control it as much as possible, as the basic idea of success in Forex trading is the search for how to make profits more than losses To get p Mine Good earnings on at the end of a certain time period
Forex business is a best idea. Forex can be called a risky business but we can make this business easy for ourselves when we work hard. Through hard work, sharing good knowledge and experience with other people and by practicing on a demo account and taking care of money management and time frame, we can make this business easy for ourselves and get good profit. That is why I would ask you to give Forex a best option for me.
The Following User Says Thank You to Ayesha Khan For This Useful Post:
My brother Forex is not a bed idea, it is a professional, a trader can achieve success by working very hard, if a trader wants to achieve success, he will have to work very hard in it. Because when the trader works hard, it is for this reason that he is successful, try as much as possible to get good profit in the forex market, because by working hard we get success.
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