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Articles from Dennis Vydrin | Selfgrowth.com
- Interest Rates and Their Role on Forex - by Submitted on Aug 26, 2010 from Dennis VydrinWhen looking at the economic calendar you might have noticed monetary policy meetings of world major central banks. The days when CBs meet to review their benchmark interest rates are considered the most important for every Forex trader as these days volatility may be at a high level. Every ...
Views: 1296(2 votes) - Why Forex Market Remains Popular - by Submitted on Jul 22, 2010 from Dennis VydrinHave you ever questioned yourself why Forex exchange market is still popular gaining new adherents? Will it collapse or prosper? In my opinion, popularity of online trading is only surging and it is explained by several reasons. One of them is lack of government regulations and legislations. ...
Views: 1614(8 votes) - Forex Market – Mind Game - by Submitted on Jun 21, 2010 from Dennis VydrinBefore you start trading Forex the first thing you should do is to change your way of thinking. Mind of an average person should be substituted by profiteer`s mind. Currency trading is a mind game, so those who do not possess a certain kind of thinking and analyzing are definitely doomed to ...
Views: 2077(2 votes) - Advantages of Intraday Trading - by Submitted on Mar 12, 2010 from Dennis VydrinIntraday trading, which used to be the only passion of those traders trading in a stock exchange hall, is now a square game for all currency speculators trading online. Encouraged by intensive intraday price fluctuations, constant flowing quotes, capacity of modern PCs and competitive spreads ...
Views: 4987(8 votes) - 9 Fatal Mistakes in Trading - by Submitted on Feb 26, 2010 from Dennis VydrinBelow a list of nine grave mistakes in trading is presented. Avoid each of the given situations as they may dampen your financial aims and expectations. Trading with money you may not afford to lose One of severe obstacles for your successful trading is using money you cannot afford to ...
Views: 2127(11 votes) - Trader`s Fears and Ways to Overcome Them - by Submitted on Feb 15, 2010 from Dennis VydrinHow do you feel tonight? Are you happy? Upset? Calm? Have you ever questioned yourself how your daily emotions may affect Forex trading? Definitely, this issue is worth considering in details. Evidently, the essential aspect of successful trading is a well designed trading strategy accompanied ...
Views: 1265(5 votes) - 5 Stages of a Trade - by Submitted on Dec 24, 2009 from Dennis VydrinIn order to comprehend the specifics of trading each separate trade may be divided into 5 stages. In other words, you should instinctively divide each trade into 5 different phases requiring different attitude. Three of them are intellectual in nature and two of them are intuitive. Let us take a ...
Views: 1975(10 votes) - Mindset of Winning and Losing Traders - by Submitted on Dec 10, 2009 from Dennis VydrinWhen trading brings good results, traders feel excited, however, when something goes wrong, a mere trade may become a nightmare. It may take months to earn capital and it may take a few seconds to waste it all. It happens and happens with another generation of traders, thus, if a trader is ...
Views: 2173(8 votes) - Control over Emotions in Trading - by Submitted on Nov 27, 2009 from Dennis VydrinVery often traders tend to say that they want to avoid emotions while trading. They suggest that they need to be calm and cold-blooded as robots. Unfortunately traders as well other people are not emotionless machines. Deleting all the emotions would bring destruction of intuition, trading ...
Views: 2574(11 votes) - Self-Confidence as a Key to Success - by Submitted on Nov 17, 2009 from Dennis VydrinFor every Forex trader self-confidence plays an important role in attaining success. Emotions and feelings in decision making should be replaced by self-control and self-confidence. Those traders who cannot take the pressure are definitely doomed to failure. When financial markets move down ...
Views: 2802(4 votes) - Principles of Fundamental Analysis - by Submitted on Oct 16, 2009 from Dennis VydrinAnalytical instruments, used by traders to foresee further market behavior and as a result to get prepared for further actions on the way to getting profit, may be classified into four main types. These types include technical, wave, computer and fundamental analyses. In this article you will ...
Views: 3149(5 votes) - Trading Patterns. Advantages and Disadvantages - by Submitted on Oct 05, 2009 from Dennis VydrinEvery participant of the financial market at the beginning of his way faces up a challenge of which forecasting method to choose in order to achieve success. The choice is usually made between technical and fundamental analysis. Sometimes the usefulness of technical analysis with its ...
Views: 4922(7 votes) - Flexible Trading - by Submitted on Sep 09, 2009 from Dennis VydrinCurrency market traders always admit that so called “common sense” has an influence on them and their expectations regarding results of trading. The market always experiences constant movement and formation of a strong opinion may lead to prejudices that become difficult to break in the end. ...
Views: 1432(8 votes) - Principles of CFD Trading - by Submitted on Sep 02, 2009 from Dennis VydrinDifferent currency pairs available for trading in Forex currency market represent some kind of a prototype of a contract for difference. Indeed, currency market includes all the necessary components such as a pair of instruments, difference between Bid and Ask price (spread), marginal leverage, ...
Views: 1655(6 votes) - Mastering Intraday Trading - by Submitted on Aug 20, 2009 from Dennis VydrinAccording to the technical analysis of currency or equity movement, price actions take place casually with a certain trend component. This fact is based on scientific researches and bears high importance for those traders who desire to trade using rational scientific approaches. This means that ...
Views: 2567(4 votes) - Successful Risk Control - by Submitted on Aug 12, 2009 from Dennis VydrinSometimes you may hear questions like “Is success in trading achieved due to trading methods or to psychological aspects?” Definitely the right answer is that both things are necessary components and the point where these two spheres are crossed is called risk management. It determines ahead to ...
Views: 1191(14 votes) - Stop Loss Managing - by Submitted on Aug 05, 2009 from Dennis VydrinThe Foreign exchange market is considered to be a risky but at the same time profitable market segment. Dealing with currency always requires specific skills. These skills include in particular perfectly accurate setting of stop loss orders. This ability will help avoid undesirable losses and ...
Views: 1237(6 votes) - History of the Euro as the Dominant Forex Currency - by Submitted on Jul 30, 2009 from Dennis VydrinThe main question for professional traders as well as for average people interested in finance has been “Which currency is better to choose for trading: the Dollar or the Euro”. In 1999 the European Central Bank, the major monetary body of the EU introduced a new currency which became very ...
Views: 1488(8 votes) - Deliberate Exit Strategies - by Submitted on Jul 15, 2009 from Dennis VydrinTrading practice often shows that correct definition of an appropriate moment to exit from the market requires much more efforts from a trader than opening position. How to optimize profit avoiding excessive losses and at the same time without missing the right possibility? Having read this ...
Views: 997(5 votes) - Reasonable Money Management and Trade Discipline - by Submitted on Jun 30, 2009 from Dennis VydrinCertainly before starting trading every Forex trader has got his own expectation targeting at obtaining high profit out of trading operations. But achieving these goals requires something bigger then just an appropriate Forex education and entrepreneurship abilities, it needs something extra. If ...
Views: 2107(5 votes) - Trend Indicators: Types of Moving Averages - by Submitted on Feb 19, 2009 from Dennis VydrinConsidering that forex chart combines several characteristics at a time – primary deposit amount, currency price and time for trading we should define the basic task: how much time should we need to make profitable transaction with certain deposit amount. To answer this question we should pay ...
Views: 4234(11 votes) - Elliot Theory - by Submitted on Feb 12, 2009 from Dennis VydrinRalf Nelson Elliott studied market behavior within the 75-years time interval. Examining yearly, monthly, daily, hourly, and half-hourly charts he tried to find recognizable patterns and reveal reasons of Dow Jones indexes behavior, to derive in such a way consistence and principles of prices ...
Views: 1093 - 11 Rules Of Successful Forex Trading - by Submitted on Dec 18, 2008 from Dennis Vydrin11 Rules of Successful Forex Trading When your trading is successful you feel great. But your life can turn into nightmare when you face the period of losses. You can spend weeks gaining money and lost everything within several minutes. This situation is well known to all traders. Hence ...
Views: 1846 - Financier Career - by Submitted on Sep 29, 2008 from Dennis VydrinIn English history date of September 16, 1992 has the symbolic title “Black Wednesday”. At that day American investor and philanthropist George Soros pulled down British currency rate assuring the rise of financier and successful trader career, gaining on GBP/USD sharp fall (12%) more than $1 ...
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