Gold Trader

Gold trading, Gold Traders. Hearing that word comes to mind we benefit the rich the easy way, just buy or sell that's It. Is that easy?? Ever right we see the other side of the world trading?

Many traders experience today could reach hundreds of percent profit, the next day but could not maintain profit or even to Miss MC (Margin Call) pick. Yup .. "Lucky beginner". Almost all traders have felt a Lucky Beginner

This article was created with the hope of providing insight for friends who are new to trading, to first equip themselves before entering live trading, that will be able to survive in the trading arena with a consistent profit.

I try to make a material trading arrangement summarized learned from various sources arranged in order to learn trading. Compiled by admin on personal experience, of course there will be differences with other traders.

Gold Trader Type
Scalper
Scalping derived from English (scalp), which means it is fleas. Now trading with the type of scalping is less adopts it. often take advantage of the situation a very small price movements. Advantages 10-15 points a day is enough that matters is stablitasnya.

The point is this: By taking advantage that small, the scalper holds that it is a lot easier than chasing gains 100 points in a single tradenya. Often they also take the number of lots that much more for a one-time opening position compared to most traders. If the capital $ 2,000 a Swinger open lot just as much as 2 lots in a single transaction, the scalper can open the position up to 5 times as much! What if there is a margin call? Well point margin call is for them is to point their Stop Loss! But instead when a profit of 10 points they earn, just imagine 10 x 5 = 50 lots. Just not with a day trader? But this time it is much easier because just after 10 points. Not to mention the profit target because only 10 points, they can open a position many times to tens of times a day. Hmm ... how active they are!

A scalper typically using 1H and 5M time frame in their trading. 1H useful to determine the major trend that is happening while the 5M is used as a determinant of execution.

Advantages of trading with a model like this is easy We get that we pursue profit. The movement of 10 points can be achieved even when the market is very, very quiet and the London and Newyork is closed! Liveliness We open position is also of course much larger than a Day Trader moreover Swinger. Capital does not need to be included too big at all. $ 1000 is more than enough. Even $ 500 is not a problem.

The drawback? There is. The main issues are to determine Stop Loss point to be taken. With the profit target is only 10 points so if we want a balanced then SL We must also equal the 10 points. But the problem most scalper rarely specify which point stop loss can menagkibatkan hit Margin Call.


Day Trader
a trader with the daily models. Usually this type of trader would open position and closed the same day. The longest is only in the range of a few days and very rarely goes past week. That is as much as possible they will close their positions before the beginning of the next week begins. So if they open position Thursday before Saturday morning so they will close their positions because they do not like to wait until Monday where patterns and trends are taking place.

Now the Day traders typically use 4H or 1H time frame as a determinant of long term trends. As for the execution of their daily time frame rather use 15M.

Due to the time frame and trading a short time, their profit targets were not too big. Only in the range below 100 points. Most are around 30-50 points. But precisely because their profit targets are not too big so they can perform the opening position several times in one day.

There are many benefits to be gained when someone does a day trader. It is primarily on initial deposit. A day trader can start simply with a capital of $ 1000 only. Even some who have advanced trade able to develop funds to hundreds of percent in a few months when they start just at $ 500 only. Even so it is not advisable to start trading with just $ 500 due to the large capital risks that may occur if you are a beginner. In any capital can not be fooled.

Another benefit when you are trading with a pattern day trader is the number of opportunities that can be taken. Due to the profit target is not pursued more than 100 points, If you are smart enough, If any prices are in wave up or down, a day trader is able to profit from it. The day traders will not think much about long-term trends such as the Swinger. This is due to their trading is today. By looking at the movement today then that could be taken to market conditions. That's why they use the time frame is relatively short as 15M or 10M.

Shortcomings in trading with this pattern of course there is. If at a Swinger advantages for easy control of position dah price, this would be a day trader constraint. A day trader must be powerful enough to monitor the price movements several times a day. If not then they can lose their chance in the opening position. It in impact on the likelihood of a day trader suffered psychological distress as a result of price changes from second to second. You who have never opened a real account or a real account is running out I mean. In real account, a psychological point plays a very important far beyond any pressure.

Another downside is the excess of a day trader is the degree of activeness. The more active a person to open a position also taken the risk will be even greater. So instead of getting profit, a day trader who is not adept at reading charts often experience loss in a large amount in a short time.


Swing Trader
The Swing traders tend to hold the position until the precious days to many months. There's even holding the position until one year! Traders with this pattern tend to wait until the price is at his best position and then shoot the opening number and the lot is large enough to put a target profit. Usually they open a position only in very extreme conditions where prices are very high or very low prices according to the history of the movement in recent weeks. Because this condition is not too often then once they get the opportunity then chased the target is very large and well balanced with sufficient funds to keep the price movements because they usually determine the Stop Loss which is also pretty great. That's why the Swinger often start trading them with considerable capital about $ 3000 for a mini trading.

The Swinger more frequent use daily time frame or 4h to determine their long-term trend. To Buy or Sell decision, they usually just use 1h chart alone. The point is this: when they want to find the right moment to open a position, they will open their 1D or 4H chart. Then they determine whether the trend is happening when the graph 1D. If the trend indicates an uptrend towards the situation they would only seek a Buy and Sell positions will not open at all.

Simplicity is the psychological pressure side. Due to the Swinger use a fairly large time frame they usually do not need to monitor the movement of the charts every hour or every minute. Simply just once a day is not a problem. As a result they will be more psychologically comfortable and protected from market pressures in each movement. Well happier life, is not it? And for the same reason they were usually able to perform their daily activities in addition to trading well.

The drawback? Of course there is! The most fundamental deficiency in Swing trading patterns like the problem is in the capital. You can not do Swing trading with a capital of $ 500! Stop Loss Due worn long enough they usually require no small amount of capital to trade.

The second issue in swing trading is obtained there on occasion. Often the Swinger was unable to open position while other types such trader or scalper Day traders can reap the benefits on the movement there. The reason is the opportunity for the Swinger far less than other types of traders. That's because they have to wait for prices to be at both extremes for the open position. When prices were playing in the median line (center line) then they can not do anything but wait.

The learning process of a Gold Trader

Sitting Duck,
why the "Sitting Duck" (Soft Targets), it is because the newbie is still classified as a novice investor can be an easy target different types of fraud and market volatility. The forex market is not suitable for the "sitting duck". They are the ones who see the world of investing solely about profit without knowing they're in a dangerous area and there is a 'predator lurking'. The danger in the form of market risk and the fact that the world of investing, of course the same as any other business world in which there are good people and bad people who are looking for potential prey


"Walking Lamb."
It is estimated you can already begin to walk and not sit like a duck (an easy target). Sheep can recognize a wolf and can stay away towards safer place. But nevertheless keep sheep a sheep. A sheep is still a sheep running. Do not have enough ability to avoid enemy attacks let alone respond. Learn the more advanced things about forex here. You have started entering the forex from the practical and no longer offend the basic concept is actually just enough is known and is not needed anymore when you start actively trading.


"Running Pig."
Pigs are running. Somewhat vulgar but most forex traders is stuck here. A pig can run fast but difficult to turn and not agile at all in his run. Fast indeed, but do not have enough ability to see what is happening in front of them. Likewise, most traders act like this. They assume to know it as well as the theory and the theory proved several times in the past, they had found the true key of the actual trading and then in the real trading with mem'babi 'blind. The forex market is full of traders such graves.

"Fox Hunting"!
No rush, but that does not mean timid. Bold but not reckless. Know when to get in and attack, when to get out and when to keep quiet and continue to lurk patiently. Not idealistic but realistic. Rapid change following the movement of the market and make the market cleverly as their quarry. Hurry may be dangerous but they have set up all the possibilities that could happen so they deserve to be called hunting fox. Not much to reach this stage, those who trade and earn profit from the market consistently.