Requirement of trade on trend defines the rules for entry into the market. To succeed in trading you have to open up their positions solely in the direction of current price movements.

Analysis of market processes shows that prices are moving mostly at random, and the proportion of the orderly movement of the trend is very small. This fact is fundamental, basic for those who organize their trade on a sound scientific basis. It follows that all attempts to trade with the involvement of the methods are not based on trends - a sure path to failure.

In market trading, there is only one path to success - the use of methods that provide a statistical advantage. This advantage comes the ability to shape price trends. In the long run, you can earn only trading with the trend. Ie when prices form an uptrend (bullish), you should only buy, but in a falling trend (bearish) - to sell.
This important principle is not new and is widely known, and, nevertheless, very often, traders do not take it into account. In pursuit of maximum profit, they tend to buy at the lowest point and sell to the very top, not waiting until the prices form a new trend. Successful, experienced traders are always waiting for an objective confirmation of change of market trend, and only then open position.

Trading in the direction of the trend is psychologically very difficult, because rationally justified the closing price is quite far away, and in case of an incorrect forecast, a trader can bring substantial losses. This fully explains what successful traders are very few. Not everyone is able to trade under the pressure of such a heavy psychological burden.

Any trend exists and can be built only in certain time frame. This time interval may be a month, week, year or hour. Consequently, the decision of choosing the time interval should be an essential part of your trading plan. Psychologically easier to choose a shorter interval, but the best results are achieved yet on long time intervals. Long-term deals tend to yield more profits.

To ensure a good chance of success. You have to work on the trends at least 4 weeks. It is in the direction of the trend, lasting no less than that period, you must open up their positions. A good trading system that takes into account this principle is to buy when the closing price is higher than it was 10 days earlier, and sales, when the closing price falls below what it was 10 days earlier.

If you trade long enough for trends, you follow the market rather than trying to guess his impending move, and it is - a very positive moment in the trade. Traders are often losers all their time and effort spent on fruitless search for the best system of forecasting the market, and as a result have only losses. If you have enough strength to develop the discipline and trade only in the direction of medium-and long-term trends, then almost certainly you will eventually be able to make their trade consistently profitable.

Transactions in the foreign exchange markets are fixed amounts (lots), the minimum of which is 100 000 dollars. Owners of smaller capital to trade using the insurance deposit is called margin (margin trade) or leverage (leverage trade) trade.

Meaning of margin trading is that trading in Forex can be without resorting to the real money supply, which excludes the cost of their movement, and allows bidders with smaller accounts to make transactions with any currency. This procedure significantly accelerates the implementation of transactions and increasing the amount of potential profit in any direction of market prices.

At the conclusion of the transaction (open position) the supply of currency, as such, does not happen, but the trader involved in the bidding, making the insured amount (deposit), which is providing credit to the trader for the transaction received from the dealer. When closing a position the loan is automatically revoked and the deposit together with the obtained gains or losses are usually commensurate with the size of the deposit is returned trader. Credit, which the client receives from your dealer, also called leverage.

In contrast, deals with the supply or exchange of real rates, margin trading is necessary to have two operations: the purchase or sale of currency at a price - 1 and the sale or purchase it at a price - 2. In the above process is what is called, respectively, the opening and closing positions.

Companies providing services for margin trading are protected from losses by strict rules in force in this area. The client of such company may incur losses that exceed the size of its deposit. To this end, the company constantly monitors the status of all open positions of the client. If the size of this loss becomes equal to deposit client’s position is immediately closed with a loss and the customer loses the right to participate in the auction to replenish its deposit a corresponding amount.

Clearly, leverage allows you to not only significantly increase the potential profit, but, equally, and potential losses.To open a position, you must specify the currency type of transaction (purchase or sale) and the amount of the transaction (lot size).

Lot has a fixed size, equal to the minimum amount of the transaction. Trading can only be a whole number of lots. The size of the transaction taking into account the leverage can not exceed the amount of your insurance account (deposit).

The value of lots in the futures and spot markets have the same size and are uniform and fixed for all traders. The size of these lots determines the amount of the contract.

The easiest method of analysis - visual. Financiers of the world people are so ingenious, so ingenious! So they came up with several options such as “draw” a conflict occurring on the market. And this is not always known to us the simplest line, there are slightly more complicated
For example, when constructing the schedule sometimes use multiple prices for a certain time (more precisely, interval) time. 

Yes, but do not try otbrykivatsya from financial geometry. Answers “I’m afraid and I did not in this sense is not accepted. You immediately sigh calmer once, make sure that nothing to fear. Here think of what constitutes any schedule changes in the price? Take a simple line, known more for the school. The horizontal axis (abscissa) delayed time and the vertical axis (ordinate) - change in prices. Change is the way the image. And no problems.
Referring to the submission of data on a computer screen, you should explain this nuance: the graphs rarely shows all the prices, which have been on the market, say, over the past ten hours, 10 days or 10 years. Imagine how much data had to be analyzed, if we decided to draw a timetable for all price-points!

Sly as traders come up with a simple move: they divided the time into equal intervals of time - those which we call the “intervals” - and a whole array of prices for a specific interval, as his “representative” choose only one to four price! For example, the simplest and most “easy” schedule for the day based on prices, the relevant final price for each hour. Total for its construction will require only 24 points.

Time intervals when analyzing the currency market are taken as a rule, standard. Grouping data is as follows:
Monthly group data - Monthly (M), Weekly - Weekly (W), Daily - Daily (D), Hourly - Hourly (H)

Of course, the show allowed and more “short” variants - can be used in the work and minute intervals. You can also use longer, for example, semi-annual or annual.

Earlier we said that the forex charts can be constructed in a simple line or in a more complex form. Now Understand what specifically they are. In the process, start to use another term - chart ( “Chart”). Indicates he is the same as the “schedule”, a word - of the trader’s slang.

Interest rates on central bank operations in the financial market (hereinafter - the rate of Operations) - operational tool of interest policy. For him the bank conducts transactions in the financial market, refinance and withdrawal of liquidity from banks, thereby forming a rate of return on various financial market segments.

Central Bank to conduct interest policy adheres to certain principles and approaches, focused on achieving specific goals, has a management strategy. Some of these approaches, we will try to highlight in this article, because it is the management of interest rates on bank operations cause a significant number of issues.

Operate in the financial market and setting interest rates for instruments of monetary policy, the bank will not only forms a corridor of fluctuations in interest rates in the economy, but also creates market expectations, which will have an impact on economic development in the short term through an effect on the motivation of banks to manage their resource flows, including the decision to build the resource base and the placement of credit and other resources. Because the bank is not only central authority monetary, but also an active participant in the financial market, whose work has a significant macroeconomic impact and interest rate policy is probably the most important instrument of policy.

By adjusting the interest rates on instruments, the central bank seeks to address these very specific objectives of monetary policy:

- Formation of return (the level and fluctuations of the corridor) from foreign currency instruments for sustainable excess returns on money market instruments over the profitability of foreign exchange transactions in the medium term and over short time intervals, including taking into account the estimated exchange rate risks;

Conducting monetary policy, central bank of any state has certain leverage, that is, tools that allow it to achieve its targets. Interest rate policy is one of such tools inherent to virtually all monetary systems of the world. By adjusting the value of money through the interest rate, the central bank can affect key macroeconomic variables: the level of savings and investment in the economy, inflation, demand for financial assets, capital movements, etc.

Maintaining the interest rate at an optimum level to ensure a stable monetary system in the country, promotes economic development and the achievement of targets of monetary policy the central bank of, for example, the formation yield on bank operations, ensuring the involvement of public resources (primarily) and business entities and minimizes the risk of outflow of funds of clients;

- Formation of return on bank operations, ensuring the availability of bank credit for efficiently operating entities;

- Preventing the flow of substantial amounts of speculative capital and the formation of market returns, which can not be assured of the national economy and the banking system on a sustainable basis;

- Encouraging banks as quickly as possible to address the current liquidity;

- Formation of market expectations that the practice of establishing rates persist over the medium term.

It should be emphasized that the central bank carries out transactions in the financial market without a commercial approach and does not purport to limit income or loss (for example, operations receive funds in deposits). Operations of the bank can be both profitable and unprofitable character depending on the focus of its operations on the market. The question of profitability of operations is not put to the fore by any central bank. The main thing - it is the strategic objectives of monetary policy.

It should be noted the following important aspect of the current interest policy: in the vast majority of countries with developed economies in the interest rates on instruments of monetary policy the central bank formed around the refinancing rate.

The influence of interest rates the central bank to the financial market is manifested mainly in the process of bank operations to regulate the current liquidity of the banking system. Conducting operations in support of or withdrawal of liquidity, the bank conducts transactions with banks to set interest rates and affects the interest of the latter in the conduct of the operation, which in turn has an effect on the value of resources in the banking system and the activity of banks in conducting operations with financial assets, the benchmark interest rate fluctuations in the banking system, and hence the economy as a whole. Managing interest rates the bank pays close attention, and their structure is reviewed at least once a week. The main governing body, decides to modify the interest rate on certain operations, is the Committee on Operations of the central bank.

To analyze the nature of the impact of rates on transactions, primarily to again draw the line between the rates of support and withdrawal of liquidity, since they are multidirectional nature of the impact.

By adjusting the interest rates on its operations, the bank adheres to certain principles and approaches. Some of them are reflected in the main directions of monetary policy for the next year and guidelines for the current liquidity of the banking system. However, this list is more extensive. Among the basic principles in setting interest rates are the following.

1. Formation of a corridor for fluctuations in market interest rates. By adjusting the interest rates on operations, the bank has the goal of developing a certain level of rates on credit and deposit market in the banking system, which, in his view, an attractive currency to foreign currencies, will help build savings in the economy and ensure that the process of expanded reproduction. This goal is achieved, including through the establishment and the lower and upper limits on interest rate instruments to support or withdrawal of liquidity to the banking system, which largely forms the corridor fluctuations in interest rates in the banking system and contributes to the achievement of that goal.

2. Positivity rates for instruments of liquidity support in real terms. Protecting and ensuring the stability of the currency against foreign currencies - the strategic objective of monetary policy at the present stage, set by the Banking Code. A positive level of return on assets is a prerequisite for the implementation of the national currency of the main functions of money: store of value, means of exchange and measure of value.

Thus, we can say that the main principles guiding the central bank in setting interest rates for transactions is the desire not to supplant the market and ensure the redistribution of liquidity in financial markets on a competitive basis through market-based instruments with a minimum emission involving the bank.

Strict adherence to the principles announced in the monetary regulation and approaches to interest rate policy and the policy of supporting liquidity generates normal market expectations, the banking system to encourage efficient reallocation of funds and building the resource base without the involvement of central bank resources, but also enables to maintain stable operation of the currency and stock market while building the state reserves.

In conclusion, we note the factors that will determine the prospects in the regulation of interest rates the central bank.

1. Maintaining a uniform percentage within each group of instruments to support liquidity.

2. Reducing spread of yield. As rates of inflation and the emergence of resistant preconditions of macroeconomic stabilization, together with the general decrease in the nominal value of interest rates as the market and bank rates will fall and the yield spread between different financial instruments, including yield between the refinancing rate and the rate of the instrument , the yield on foreign currency assets, etc.

The fact is that at different stages of the economic cycle, the market responds differently to the same news. But it’s all “blah, blah, blah,” as they said in a famous film.

In fact (IMHO) the market is a key theme that loops at the moment of market analysts fundamentalist. Such topics such as the invisible part of the popularity and also quietly out of the favorite.

What is the main theme of the market? This is a topic on which talking head is always something to Bloomberg, on which there are different “Senior Analyst of the Tokyo Branch Mushito Bank” written by “fundamental” articles in magazines, etc.

Themes are periodically pop up, such as geopolitical tensions and terrorism, long-playing, as a recent topic of twins: a negative trade balance of U.S. and the budget deficit, which lasted one and a half years. There are themes that can be described as a “who’s first, when the market is waiting for leading indicators, like consumer confidence, ISM, etc.

What makes the market the main theme?

The most important thing - it makes a trend. Does not even a topic as the theme score (shown here with might and main reflexivity Soros).
In the near past, the euro went into aptrende about a year at one of these main themes. When this issue is in the market, everything else (performance, statements) are evaluated in the total pot market only through its prism. What is the main theme of the market? Know yourself. Betting on the U.S.. Will raise - will not be faster - slower, etc. All indicators at this time are considered from the point of view, “that the Fed thinks about this indicator.

As the comrades of the Federal Reserve has repeatedly said something like “that’s job would be a little more, then you can pull and stavochku” then the market, rolling his eyes, looks at “the number of applications for unemployment benefits” and “the number of new jobs,” though still half a year ago he would not move from their seats if “zhoblesy” came out at 500. If the Fed said that they need a lift, say, the industry of durable goods, then we would look for “durable goods”, but with all of the work force did not pay attention to. What else influences the decision on the rates? Inflation.

What makes it more the more the people waiting recovery rates and the more zatarivayutsya dollars (ignoring the fact that inflation - a devaluation of national currency). Recall that a year or 2 ago, the rise of inflation estimated from the opposite point of view differently. Thought up to something like “increase in inflation reduces the field of instruments for the Fed in the rise of the economy” and began to sell buck.

How does the main theme?

First of all, it completely ignores all the other news. Again recall the example of the recent past and the uptrend in the euro. Look at what came out was when the bad news for the U.S.? Euro ejected up to 100 points. And the good news on the U.S.? Euro still ejected upward, but at 10 points. Poor fundamental analysts who have tried to explain it! Sick as they head.

I remember one such news outlets. It was the Consumer Confidence in the U.S., which came out, it seems almost 20! points above the previous value. I do not remember exactly, but I think it was the second largest growth in the history of calculation. Euro reacted brief movement down by 20 pips, and then again pulled up more than a figure. And all because the main theme was different and the market in the long run it was still there in America with confidence. He drove up on the theme evru deficit.

More like the statement of one analyst on the reaction of the euro on good data on U.S. consumption. He said something like “the growth of consumption in the United States has added to increase the trade deficit” in general, if the paraphrase “little bourgeois eat - bad, a lot of eating - too bad.

Now tezisno:

1. The main trend poses no foundation, and the main theme of the foundation.

2. During the existence of the main theme of all the fundamentals and statements, or viewed through the prism of ITS, or completely ignored.

3. Work on the news can only be on “the main theme of the trend. The market is still in most cases will go toward her, ignoring everything else.

4. Long-term primary topic usually ends with a switch to a new market.

Margin (from the English - margin) - exchange and bank term with the meaning of amount for outstanding loans. Margin trading - a trade with the help of a loan from the broker companies under certain collateral.

The essence of margin trading is currency trading in order to obtain the difference in rates.

The implementation of margin trading in a client puts in the bank collateral - a margin which is providing arbitrage client, and thus the client on its operations can not lose more than the size of the margin.

Another feature of margin trading is to provide leverage. Leverage - the ratio of the transaction amount to the value you’ve made a pledge.

For example, assume that your trading account is the sum of 1000 USD.
Leverage - 100, ie 1% (a minimum margin).
The maximum amount of the transaction with such leverage:
USD 1000×100 = USD 100 000
That is, a trader should have in stock only 1% of transaction amount.
Thus, leverage allows you to repeatedly increase the size of potential profits.

Margin client together with the obtained profit / loss is a variation margin. In this case, the variation margin may not be less than the minimum margin, otherwise the client will not be able to make transactions, and will be bankrupt.

Because of its speculative, each transaction under Margin trading involves two stages: 1-opening position; 2-closing position. Ie there is a full trade. And while the position is not closed the transaction in the opposite direction, the broker captures your position as open.

Forex trading is carried out by certain amounts - lots. If one lot is 100 000 euros, you can buy or sell 100 000 200 000 etc. euro, but 80 000 or 150 000 euro - you can not. Today, lots may be of two types: standard and mini. In this case, a mini-lot, as a rule, is 0.1 standard.

The size of the necessary margin for a particular transaction is calculated as follows: 1% of transaction amount x amount of the transaction (lots). For example, the currency pair EUR / JPU, EUR / GBP, EUR / USD at 1.3425 and the euro amount of the transaction one lot, the margin would be $ 1,342.5.

High-yield market exchange - is the interbank market, which was formed back in 1971, when international trade shifted from fixed exchange rates to floating ones. This rate of one currency relative to another is determined by the most obvious way - with the exchange ratio at which both parties agree.

In terms of trading the currency market exceeds all others. For example, the daily volume of securities market of approximately 300 billion USD, while trading in the market FOREX (Foreign Exchange Market - The International Monetary Market) is estimated at several trillion dollars a day. Thanks to a truly global scale, the absolute liquidity and high profitability of this market is attracting investors from around the world. It is also worth noting that the investor is personally administered by their own means and control them.

Perhaps you will say that these operations are available only in the presence of big capital - banks and investment funds, like belonging to the notorious Mr Soros Fund “Quantum” “.

Indeed, initially the market was conceived as an interbank market, operates the largest cash lots. Transactions in the foreign exchange market is one of the main sources of income for banks worldwide. For example, 80% of the profits of the largest Swiss bank Union Bank of Switzerland (UBS) in 1994 were foreign exchange transactions with currencies, and only 20% of all profits made from the proceeds of loans, securities trading, etc. Income from foreign exchange operations in the FOREX market are paramount, and banks such as Citibank, Chase Manhatten Bank, Barclays Bank, Sosiete Generale Bank & Trust, ABN-AMRO Bank.

Name Soros, known worldwide not only to financial professionals, referred to here is not accidental. Most of the profit his fund has received and continues to receive it on the market FOREX. The classical operation of George Soros in 1992, selling the British pound (GBP) against the German mark (DM) and the U.S. dollar (USD) brought him within two weeks of a billion dollars of net profit, making Soros famous and launched his charity work. There were his and losses (remember at least August 1998 - even if Soros has lost about half to two billion U.S. dollars).

But with the acceleration of cash flows around the world, development and cheapening of information transmission, computer technologies have appeared and small wholesale operations “in this market, ie reduced the size of the lot, which can handle investor dropped the amount of bail, which attracted more market participants and, in turn, increase the liquidity of the market. In addition to high liquidity and other advantages of the FOREX market are:

- Ability to make transactions 24 hours a day, as almost any point in time somewhere in a different time zone is still a working day.

- Efficiency of committing transactions. A trader at brokerage firm requesting the current price, receives a two-sided quote (the price of purchase and sale). If the price of his suit, then the transaction is executed immediately. Usually request and conduct transactions by telephone, but many brokers give their clients the opportunity to make transactions and through the Internet, which further increases their efficiency.

- No fee for transactions. Generally speaking, when trading commodities (or their derivatives such as futures or options) the client in the transaction pays a “commission”, which includes exchange fees and broker fees. But as the FOREX market is the OTC and each to himself and a trader and broker, then, of course, exchange fees, and there can not be, a brokerage company receives its income from the difference in buying and selling rates (the so-called spread). The fact is that usually the trader gets is not quite accurate quotes, which can be spread to several points in both directions.

To work in the FOREX market need to have a trading account with a brokerage company, provider of such services. Once you’ve made on this account the necessary collateral (margin) the trader is able to operate in trade amounts exceeding the deposit of 20-100 times (leverage, “shoulder”). This transaction can occur in any direction and with any currency pairs, which are traded on the market.

The purpose of trading in any market - to buy goods cheaper and sell dearer. Is no exception and the international currency markets, where goods are the exchange rates of different countries. Like any other commodity currencies have their price. Depending on a variety of commercial, economic and other indicators, interest rates, central bank policies, time of day, preferences and expectations of participants speculation and a host of other reasons, mutual quotes, ie, prices of currencies, are in constant motion.

Your task - to try to determine the direction of price changes and currency to buy the currency, the price of which increases, or sell the currency, the price of which falls, and then, carrying back the transaction, make a profit. Depending on the firm-intermediary through which you trade, you are given a certain software package with which you will get headlines of various banks and the world’s largest stock exchanges in real time.

Before you are graphs of the current price of each of the currencies, as well as fresh economic news, which directly or indirectly affect the quotes. And finally, you have a special “commercial” account that allows you to buy and sell various currencies. However, despite the fact that your trading account are U.S. dollars, you can begin its activities with the sale of stamps or the yen, not worrying about the conversion.

Alexander Elder in his book “Trading for a Living” most accurately described the market Forex: “You can be free, to live and work anywhere in the world, be independent from the daily routine and unaccountable superiors - such is the life of a successful trader.” These words may be added that can be free from negligent subordinates, and the requirement of dishonesty of partners, from frequently changing legislation, economic turmoil in the country and political instability. In addition, the business in question, is considered one of the most profitable legal work.

Margin Trading

To attract the FOREX market investors with amounts less than $ 1 million (the standard unit of trading in this market), margin trading mechanism is used.

Margin trading was first introduced for currency trading in 1986 in this case, in order to implement the deal, you need only a small percentage of the total amount of the contract, called a security deposit, or margin.

For greater clarity, here is an example. For example, in your account are U.S. $ 2000. This means that at 100:1 leverage, you can open a position in 200 thousand USD. Suppose, at 11 h in the morning the dollar against the Swiss franc was 1,4045-1,4050. Do you think that the dollar is currently undervalued and should rise and give an order to buy 100 thousand USD for this course. At 15 h the dollar is as follows: 1,4250-1,4255. You decide to close the position and sell its 100 thousand on a new course. Your income is 2000 Swiss francs, or about 1400 U.S. dollars. Is 140% of input amount.

After closing the position, money is automatically credited to your account, the dealer immediately confirm the bank account statement, which can be necessary to obtain and fax. Thus, all the operations you are only a phone call (home, office, etc.).
The main difference between the FOREX trading system from other sectors of the financial market, which explains the intense interest in him is the possibility of buying and selling of foreign currencies in the absence of the full amount necessary to carry out operations.

For the transaction the customer must make the initial margin only, after which he is able to conclude the transaction, which may have 50-100 times higher than the original amount. This so-called shoulder provides a bank or other credit institution, where the client pays a guaranteed margin. For example, placing the bank or brokerage firm security deposit of 100 thousand dollars, you can handle the amount of 5-10 million dollars. Therefore, even a small (relative to the input amount) gain on the FOREX market is a very large quantity.

The reader may legitimately ask: cheese visible, but where is the trap? After all, rules of the game at first glance quite simple, and the “entrance ticket” to the world of the highly profitable market rates is quite affordable (you will need from 1000 to 3000 USD, to start the game, it all depends on brokerage), but something is not visible endless stream of new “Soros”.

The answer is simple and at the same time difficult. Transactions on the FOREX market are classified as analytical business. Success in this market are making only those participants who are able on the basis of available information, different methods of analysis (fundamental, technical), or simply guided by intuition, to predict the future movement of prices. The development of this science of the future requires the trader immense intellectual effort.

Playing on FOREX without adequate training is equivalent to visiting a casino: If the skilled trader more to gain than lose, the newcomer will play in the clean water roulette, and your chances of winning are obviously slim. And yet to master the rules of the game in the currency market is possible: there are various courses of lectures, published a great number of books. In the future trading practices may be your profession, as many brokerage firms, due to the specifics of your business are interested in long-term and successful work of its clients, have a staff of highly paid analysts who rarely have to deal with their own money. Their task - to advise clients of these companies or even play on their money.

Although FOREX differs significantly from the organized stock markets, international currency markets is not a “child of chaos.” There are certain factors that regulate its activity and, in fact, control the market. Fundamental economic factors, such as inflation, interest rates, unemployment, etc., actively influence exchange rates. Actions (or inaction) of the Government also significantly affect the exchange rate. Thus, demonstration of the Government of confidence in the ability to keep the exchange rate contributes to its rise. Lower interest rates stimulate demand reduction for the currency and thus lowers its value in exchange transactions. Decision Central Bank for the purchase or sale of currencies can significantly enhance or undermine its course.

Expectation of changes in economic conditions may lead to sudden and dramatic currency fluctuations. This is a key concept, because in many cases, the currency market operates is a premonition of changing economic conditions, rather than the changes themselves. Another factor affecting the market, is the work of professional currency managers, especially in the interests of powerful financial groups. Let’s try to understand these subtleties. In many cases, professional managers may behave independently and consider the market as a unique tool for the solution of the problem of the changing relationship between major currencies.

However, most of them, if not all, least of all concerned with the tasks and important from the standpoint of technical analysis charts. But with the approach of the main levels of support or resistance behavior of the market becomes more technically oriented, and the reaction of a large number of traders are often predictable and similar. These market periods “concerted action” may lead to sudden and dramatic price fluctuations, because substantial amounts of capital are invested in similar positions.

Once again I want to note that FOREX is not just a financial pyramid, invented only in order to extort money from naive investors. Hundreds of thousands of people around the world for more than a year earn a living this way, but on statistics about 40% of residents of New York part-time jobs with foreign exchange trading. Moreover, FOREX can be considered as a kind of virtual casino, which you can attend without leaving home. It is hard to believe that the dry chain of numbers and fancy charts snakes can cause adrenaline rush, cause a feeling of excitement, but believe me - it is so.

Above all, do not rush - play with learning accounts, different from the real only because you does not lose a penny. Such an opportunity is given by virtually all self-respecting dealing centers. You can also visit the relevant courses or how to impose a financial-economic literature, the benefit of translated books was quite a lot, and they are not too expensive.

2. Record your results.

3. Keep a positive infusion regardless of your loss.

4. Do not take the market home.

5. Raise the level of your goals.

6. Buy with bad news and sell when the good.

7. Do not be afraid to buy high and sell low.

8. Always have a well planned time to study the market.

9. Insulate yourself from the opinions of others.

10. Always be calm, persistent and consistent, rational action.

11. Limit your losses - use stops!

12. Never cancel a stop after you have placed it.

13. Never enter the market because you tired of being out of the market. Being out of position - a position also.

14. No need to enter and exit the market too often.

15. Traders learn from the losses - not profits. Take advantage of every loss to improve their knowledge of the market.

16. The biggest challenge in trade - not a prediction, and self-control. Successful trading is difficult and often accompanied by negative emotions. The most important element of successful trading - this is you.

17. Always discipline yourself by following predetermined rules.

18. Remember that a bear market may be in one month that you have built in three months the bull market.

19. Do not allow to turn big profits in big loss - put treylling-foot by 20%.

20. You must have a plan, you need to know your plan - and you must follow it.

21. Expect and accept losses with dignity. Those who brood over losses always miss the next opportunity, which is likely to be profitable.

22. Share your profits in half, and never take chances more than 50% of the profits again in the market.

23. The key to successful trading - the study itself.

24. The difference between acquiring the market and lose it not so much natural ability as the ability to responsibly explore its mistakes.

25. Think of the loss as a step toward victory.

26. You have loss? Forget about it quickly. You have received profit? Forget it even quicker. Do not let the selfishness and greed interfere with your clear thinking and hard work.

27. One of the most important secrets of traders - to weigh their desires with the desires of the market. Market - is the truth, because it reflects all the forces fighting in it.

28. It is much easier to enter a trade than to escape from it.

29. If the market does not do that. what you expect - get out of the market.

30. Never add to the losing position. Losing position means that you are wrong.

31. Do not try to predetermine your profits.

32. The key to wealth in trade - simplicity. Avoid methods that you do not understand.

33. Do not be overly curious about the causes, and moved the market.

34. Beware the opening too large positions, which can affect your emotions. Do not be too aggressive in the market. Treat him gently, let your profits grow gradually, rather than an explosion.

35. Do not attempt to identify the peaks and peaks.

36. You have to believe in themselves and their ability of discernment if you want to win in this game.

37. In a thin market, do not try to guess in what direction will the next big move - up or down.

38. In the world of money, no one knows what will happen in the future. Nobody! Therefore, successful traders do not try to put their positions on the basis of what should happen, and react to what has already happened.

39. If the ship sinks, do not hesitate - jump!

40. Lose your ability - but not money. With few exceptions, unusual conditions, get in the habit of using stop-profit. Do not reproach myself if the price continues to grow without you. It is better to think of cases where the prompt profit-taking prevented the loss.

Bidding Japanese government bonds at the end of the morning session on Tuesday closed without signing lucrative deals, as well as trading in futures and prior rights on the Tokyo Stock Exchange was temporarily suspended due to technical problems.

Representatives of the Tokyo Stock Exchange announced that it would suspend trading in futures and options TOPIX, as well as futures and prior rights in the government bonds in 9.21 due to failures in computer sisteme.Protestantism trades will not affect Nikkei futures and options trading.

“As a result of the transaction volume of assets under management of Concorde Capital was increased to 90 million UAH. That brought the company into the top three market leaders in total net assets under management” - the press-service company.

According to executive director of the management company “Socrates” Grigory Ovcharenko, the main reason for buying AMC - the desire to develop the direction of ICI. “The company Concorde Capital, this kind of business has not been sufficiently developed, and this purchase will put him right in the top three leaders”, - said Grigory Ovcharenko.

According to the Director of Strategic Development Concorde Capital Gregory Pelekh, shortly Group Concorde Capital intends to continue growing our assets under management, using a strategy of buying asset management companies.

Recall that in May last year the company “Socrates” acquired Asset Pioglobal Ukraine and decided to operate under this brand. The total value of net assets in the management of the company on January 1, 2010 exceeds 75 million UAH.

The price and other details of the transaction were not disclosed.

How do you think, why the company “Socrates” is selling part of its assets?