This book is the result of a question and answer between the author of the book with an already successful traders. No trader has never been insolvent/blownout and only a few of which meraka kindly give his strategy to the reader. Every trader discuss as to how they know the world trading, the biggest loss, the biggest win and outline how they take positions in the market.
And Allen
Stock Trader who uses a computer automation to do trading. And type a daytrader doing transaction in one day, when there is still an open position trading which he usually closed on that day. Automation is used to avoid the human emotions which often prove fatal on a transaction that has already committed. In manual trading, option to take a position in the trading is done by analyzing the fundamentals of a company (usually from berita2 Yahoo) and he did a lot of transactions in one year ranged up to 8,000 transactions.
Rob Booker
Traders who have a background in law. From the first cope with Forex and everyday he is committed to a strategy of a backtest. If these Strategies don't work on these strategies a backtest will never use in real trading. He was also a trader who is protecting the accounts (defensive trader).
Chuck Hays
Traders who play in the e-mini stock index futures. Is based on technical analysis. Use the 5 m and 15 m and timeframe just focus for open positions in the first hour when the market opens.
"In most major trading Rules: don't be stubborn, when it lost to close positions as quickly as possible."
Hoosain Harneker
1o pips/day ... Forex Trader is only take profit of it in one day. After a successful double demo accounts to be tripled, the Trader was finally plunge with real accounts. Hoosain stayed in South Africa with a background in information technology and he also makes Automatic Trading that make money for himself.
Engineering Departments? Once, with just a simple Moving Average Indicator 5 and 13 and avoid the hours when high impact news out (wait 1 hour after the news came out) and once again, he's just taking profit of 10 PIPS PER DAY at a certain hour, 7 AM GMT, after that he's not trading again until the next day to avoid overtrade. Pair used is USD and GBP EUR USD and ignore the other pair. Note that the trader is very focused to the pair and fully understand the true character of the pair that especially at the London Open time clock.
Franki Law
Franki look at the Daily Chart to see the trend is going on and open the position on the chart 1 m. One trader who relies on line support/resistance to take decisions and each day he just did 1 hour just to analyze whether to take a position or not. This is more like the Average Trader Up than the Average Down to take maximum profit from the trend is going. Daily Average Range is used as a reference to how many pips is to be taken. For example put it this way, when the pair EURUSD had a Daily Average Range about 100 pips then the target will be reached only a third of 100 pips which is of 30 s/d 40 pips alone though usually market moves more than 100 pips. In this way also to control the emotions of traders so as not too greedy.
Indi Jones
This Trader playing Options and Futures in commodities, has an interesting background with the Wallstreet Journal read the newspapers from the age of 11 years and starting from a lower-level job at one of the brokers to handle the accounts of the company. When trading, Indi not must be dikantornya, and usually wears 3 laptops that contain software TradeStation and Bloomberg news in realtime. Trading is only done 3 hours in 1 day, from 6 in the morning (New York Session) by doing dozens of deals, after it STOPPED and continued trading the next day. Lost 8,000 USD in the first trading day of the trader and it takes many years to succeed in this field. The town's motto is: "protect your investment with stoploss and don't play more than 5% of the funds available."
Roland Campbell
Daytrader uses 5 m chart for executing the position and focus on 2 pair EURUSD forex namely and Kiwi (NZDUSD). Roland takes several months at the pair EURUSD until true – right to recognize the characteristics of the pair.
The strategy that is used a lot to do with the discharge of High Impact News, and open positions after the news came out by following the direction of the price action or take a position Reversal. According to him the comparison between win 7 out of 10.
Roland Transact 5 s/d 10 transactions and 50 s/d 60 transactions a week and every day waking up every 2 hours in the morning to do trading. Indicator frequently used Favorites are Fibonacci and Support/Resistance levels and always use stoploss when high impact news out, usually 30 pips and a maximum of 80 pips. Each position is typically mentarget about 30 pips and used the number of lots that much.
Tyrone Ball
Playing on the Nasdaq and include a daytrader who open/close a position the same day. The Trader is very focused on the stock that is entered in the list. Every trading day for 6 hours and a minimum of $ 500 bepenghasilan s/d $ 1200 per day. Discipline in the world of trading is extremely important and on the way he taught some students in China, people are disciplined more successful compared to other traders. He noticed that every day the market conditions changed, the Fox and to master it we should be able to adapt and stay disciplined with our trading methods. Tyrone unfortunately did not explain the method of trading which he used.
Ashkan Bolour
Forex trader who usually opened the 2nd position in 1 currency pair, 1 for the long term and 1 more for intraday trend in the same direction. Strategies used favoured using the technical analysis and fundamental. According to him, for the beginner, use the margin low in order to play suka sangat2 dimarket in a long period of time. By the way here's a trader can control the market, did nothing wrong again and are able to profit consistently.
Paul Willette
Stock trader who uses Moving Averages, Macd indicator and Candlestick. When the open position trading, e.g. 4 lot, in a certain period of time Paul reduced the number of his lot in gradually taking advantage. To avoid overtrade, Paul just open position a maximum of 4 in 1 day and everything is done in 2 hours first when the market opens. Paul says that the characters are badly needed by the trader is discipline, discipline and discipline.
Marcelino Livian
Long term trader who opened the position on a month to yearly. Marcelino seeking position where bank interest/interest ratenya gives a positive value for the accounts. This type of trading is certainly needs a longterm as funds are strong and took a long time. Marcelino ever opening position for 11 months and in addition get a profit, Marcelino is also gaining interest from that position.
Steven Ickow
Steven dedicate 6.5 hours per day for trading and one trader who discipline in implementing his strategy in the Nasdaq market. According to Steven, a trader should try to trade at least for 6 months, after that the trader would normally have been able to understand the movements of the market and the profit, if not profit then we suggest doing things other than trading.
The conclusion of all traders are already in an interview:
1. Have sufficient funds and use the extra money that can be used up until the time when zero. If you play forex and you use a micro account and play live.
2. If you are new to enter the world of stock trading, you could lose continuously within a minimum of 6 months, trading is a business and should be studied diligently.
3. they play on a demo account until you actually profit consistently.
4. Protect your account as much as possible. Always use stoploss.
5. This is the most interesting, use a strategy that suits your personality. Many strategies are available for free on the internet but that is difficult is to find a strategy that fits with your activities, balance available and suited to your personality. For example there is a cozy with a scalping trader, more comfortable with swing or position trading holding the position until a month.
