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Today any objective analysis of a financial market of the USA leads to a conclusion that derivative financial instruments or the derivatives are the basic component of this market. The rough 1990th which have changed a political card of the world were significant also fundamental structural alterations in the nature of financial transactions. Explosive character of distribution of derivative financial instruments has literally shaken all global financial system. Price ruptures and not predicted changes of volatility that can arise at any moment, creating unsoluble problems for investors.

Derivatives represent rather difficult financial instruments which cost is “derivative” of any base asset lying in their basis. As assets can be understood a commercial value of shares, and also interest rates, market indexes, currency, etc. options, futures concern derivatives, forwards, swaps and various combinations of these instruments.

It is important to acquire that base assets are not capable to characterize objectively volume or a turn-over of the market of derivatives. Subject assets only basis for creation of derivatives. Cost of the derivative instrument it is possible to present in the form of the balance reflecting an exposition of yield at present of time, but not as the financial report about operations or about a turn-over.

Some analysts lose hold on reality and make big, inexcusable for professionals of a financial market an error, publishing works in which the hypothetical sizes of derivatives are considered as real operational, instead of item sizes. Actually potential charges of derivatives are as though a picture of balance of an item at some instant time. Though now in financial circles the opinion also is accepted that the size of the financial assets involved in derivatives is not connected in any way with item risks of derivatives, – in no event it is impossible to agree with it. The above size of the sums, the bigger credit shoulder is used for pyramid construction on an open position on derivatives. The bigger lever is used, the above overall risk of a portfolio of derivatives.

The authorized brokers and aggressive private speculators of Wall Street have thought at once that derivatives are a magnificent financial innovation which can lead to predicted management of risks and a huge stream of new profits for the American financial bigwigs.

However outside of a financial lobby derivatives began to acquire reputation of highly risked financial instruments which are capable, as flight of hungry sharks, to gobble up including financial “geniuses” who have created them. With increase in number of various derivative instruments the reliance began to become stronger that the various companies, working in the urgent market, join in reckless gambling. Creation of derivatives can be perceived as dangerous attempts to liberate huge financial forces – too powerful and unpredictable that they could be tamed without ceremony.

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You should expect success. Any your thought should begin with it. Are you annoyed with yourself when you do errors? – Or you speak to yourself that next time you will achieve bigger success because you know much and you are able to become an excellent trader! Be the own admirer and trust in yourself. If you believe that you can make something, in the end you will find a right way. When you are convinced that in the end everything will be fine, you physically and intellectually are quiet. Then you can better concentrate on the trading process that will promote more smooth work, which unconditionally will lead to positive results. And on the contrary, the negative relation cultivates doubt seeds. It reduces a self-trust, which leads to a negative self-estimation. Then it causes concern, which leads to concentration infringement. Now the trader becomes strained and too cautious that in turn leads to bad work. The fallacious cycle has become isolated!

You should have positive self-estimation.

Where are concrete instruments to break a cycle and to be pulled out from falling? The instrument number one is the positive self-estimation. All of us speak with ourselves in thoughts. Believe in that you speak to yourselves. The written word is also the powerful instrument. Read articles and books about positive thinking. Such books tell about desire to win and belief that you can overcome any circumstances. These are very inspiring books for traders.

Then you should behave so, as if you already there, where you wish to be. Adopt behavior, manners, gestures and style of communication of successful traders. In addition to autosuggestion and reading, develop mental pictures. Imagine what you are going to do with your riches or how you wish to live. Think of force, which gives you money to begin any business what you wish or to make life of other people better. Imagine the house of your dream. Program the subconscious, as though you are already there. Dare to dream. Visualization is great force of getting the desired.

Autosuggestion, words and pictures… What else? Look what surrounds you. Your success in trade will be as well a product of environment surrounding you, and I speak not only about an office place. Look at people, who surround you. Do they support your actions? Surround yourself with people who trust in you, smile, and concern with enthusiasm everything what they try or do. The best Olympic athletes always have friends and a family, supporting them at each stage of a way. You also should have such people around you, if you want to get success and to become really profitable trader.

Hope this article will bring some use for you and you will see positive results of your work in the nearest future.

It is important to gather as much knowledge about currency exchange market as possible. Because this knowledge will help you not to lose much money on Forex trading or Forex investment.

Surely not a single piece of knowledge can be a 100% guarantee against losses, in particular on Forex market, but sometimes even one Forex books can be of big service to you.

What is the most important into the Forex market? You should predict the market. You should follow indicators and when they speak: “Choppy”, – you should stay out of the market, waiting only the big movements.

The market punishes you, having beaten out an account quarter. You abuse yourself, but it is too late already.

When you follow the system and leaves on purpose to fix profit, the market continues to move and you abuse yourself that did not remain in the market. Though all the same you do not understand, that it is not the main thing. It would be necessary to leave everything as it is, but you cannot.

You do not have ready decisions for every situation and sometimes you use a subjective view and the market remunerates you. It occurs when you think that understand an event, then the market takes away all earned plus slightly more for the equal account.

You are afraid to trade. The majority of people stops on this point, sometimes coming back to the beginning and repeat the same way.

Having appeared at this level, you should understand the advantage of a prediction of the markets, news, and illusions that there is some special secret of the market.

You should accept losses as necessity at trading and stop to use 80 percent of time for the analysis of indicators in favor of use of 80 percent of time on money management.

You indicators have shown efficiency 50 on 50 for years of work, but you were happy for it also.

You should know that a key to profit extraction not in reception of 80 percent of profitable transactions, and in acceptance of small losses, when you are not right, and big profit, when you are right in position deduction. Good trader never allows a position to departure from hands. If it receives bad execution of the warrant, he leaves the market. He applies to removal of profit only objective trailing stop.

Profitable trader also has a set of correct decisions for trend definition, as criteria of an input and an exit. He knows that it is not a key to the big profits, but clears up possible uncertainty.

His system is checked on the historical data and works qualitatively when you follow rules needlessly to answer additional questions. He can think that the market grows, but if during this moment the system speaks to sell, he sells without hesitation. There are no the situations, which are beyond his system, and he does everything as the computer, following instructions. The system never puts him before a double choice.

Profitable trader knows that trading is much more than just indicator for all occasions.

It is vital to gather as much knowledge about currency exchange market as possible. Because this knowledge will help you not to lose much money on Forex trading or Forex investment.

Surely not a single piece of knowledge can be rock solid guarantee against losses, in particular on Forex, but sometimes even one Forex books can be of big service to you.

Jack Bernstein is one of the most known traders in branch of futures, has started to attend to trading “casually” as he has told in interview FWN. Bernstein was the psychologist and has responded to the announcement in the newspaper about “futures”. The broker began to call him, and Bernstein has opened the account. «I have achieved fast success which has turned to fast failure», — Bernstein speaks. At that time he arrived, exclusively being guided by recommendations of the broker. Then Bernstein «has rearranged, has attended to formation and the beginnings independently to attend to trading». Now he represents to be the active trader, but participates in the auctions by exclusively technical method: out of an exchange, from the screen.

«My work always has been technically focused, with application of price laws, seasonal prevalence and cycles». Bernstein first «has developed his own method and computation of time. I did not have money for a participation in tendering, therefore I sold advices». In due course it has accumulated enough means and has started to lead trading on own method.

Bernstein holds a post of the president of firm Commodity Advisors which are in the State of Illinois, and he is the author of more than 20 books. He publishes report on Weekly Futures Trading Letter which appears since 1972, and also regularly holds seminars on the separate themes connected with trading. Bernstein also is a part of participants All Star Traders Hotline. «I like to learn. Every time when I learn, I learn something new, and it hardens my belief in my own methods», — Bernstein speaks. He adds that «among traders so much misinformation extends that I am given by pleasure to learn to things of which working capacity I am assured».

Bernstein is inclined to participate in work of the most active futures markets: energy carriers, the finance, contracts S&P. But, as he said, «I lead trading by everything that is changed in the set time frameworks». Bernstein usually avoids such thin markets, as futures for a palladium or orange juice: «it is not pleasant to me, as orders» there are fulfilled.

When he have asked about, whether there is a technical analysis erosion as the increasing number of traders is guided by the same schedules of laws, Bernstein has told: «Schedules of laws is simultaneously a science and art. I am inclined to adhere to crystal clearness in all. If 10 persons look at the schedule, and all come to an identical conclusion I feel in such situation with comfort. I like to be objective». Bernstein has resulted as an example the wave analysis of Elliott as the sample of the technical analysis inclined to bigger “subjectivity” as account of waves is subject to individual interpretations.

This veteran of the exchange auctions has opened own page in the Internet and feels the big optimism concerning “world wide web” effect trading community. «I consider that the Internet will allow extending faster the information and will allow to a greater number of people to participate in work of the markets worldwide».

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The appearance of the world web has changed a lot on the Forex market. Today you only need to have a computer with access to Internet and a small initial capital and you can enter the currency exchange market Forex and start working as a trader. You do not need to be concerned entering the Forex market.

Of course you have a lot of advantages if your have a diploma and work in an investment company, because you have appropriate knowledge in thsi case. But at the same time you have a lot of limits as objective as subjective. For example, professionals are puzzled with the problem of making their ratings higher and getting constant profit and because of that they try not to have deal with transactions that can take risk. Many investment companies have firm limitations too, for example they invest their capitals to one enterprise at the size not more than 5%.

The given limitations allow to make risks minimum, but sometimes they do not allow to make a good and large transaction and to get a large income. Players-amateurs do not have such limitations and this is their advantage. Nowadays everyone realizes that an amateur is not inferior to a specialist any more.

For last time investment clubs are created in different countries. The members of such clubs meet every month and decide the questions of assignment money to one or another enterprise. Many of such clubs have monetary activities today, that are much better than the adjectives of the companies that qualified specialists run.

Every trader has his/her own tactics of the game on the currency market. For example, on “the trade within a day” a trader has income on the application of daily meagre deviations of the price. Trader doesn’t take care of the worldwide tendency that is based on some fundamental political and economic parameters. The trader is guided by minimal information – the graphic, the accepted tool and a set of mathematical indicators, that help the trader to determine the moment of entering he market and the moment for leaving it.

Many players on the Forex market considerate well different political events, global catastrophes etc. It is obvious that any considerable event of the world scale influences on the Forex market. As a rule this dependence is taken.

As you have already realized. the business on the financial market Forex can be compared with the game in a casino. But in contrast to a casino, the currency market Forex obeys to certain laws. Using these laws helps you to increase your chances to make successful transactions.

Of course this is only a short guidance of Forex strategies, but this can help you at the beginning of your work on the Forex market. But you must study much more information if you want to become a successful trader.

It is vital to gather as much information about currency exchange market as possible. Because this info will help you not to lose much money on Forex trading or Forex investment.

Surely not a single piece of knowledge can be a 100% guarantee against losses, especially on Forex market, but sometimes even one Forex books can save you much money.

If you want to become a trader on the Forex market, then you must have many questions. What to start with? What should you study before you enter the high risky Forex market?

As a future successful player on the Forex market in your arsenal you must have the following list of knowledge and skills:

* Fundamental analysis. This is a totality of the “heaviest” of indicators as of the economy of a certain country as the sectors of its national economy. The most famous indicators are inflation, unemployment, prices for strategical and at the same time budget making raw materials (oil, gas and so on);

* Technical analysis. This kind of analysis is a bit harder than the previous one, but for convenience of potential players there are many disciplines about simple technical analysis in Internet. You have to start with the simplest rules of the technical analysis.

* The ability to “read” graphics. The most popular kind of graphics on the Forex markets are “candle” graphics. But bar graphics are still used too.

* You should develop your analytic skills. If you are able to make forecasts about the developing of the situation on the market and then to follow their fulfillment/non-fulfillment, you surely can manage with this demand.

* Financial discipline and keeping the statistics of transactions in order losses at first days will not break your wish to keep trading. The main goal of the statistics is the work under your mistakes.

* The ability to learn on mistakes of others. Many beginners of the Forex market read a huge amount of literature about strategies and trade systems of the famous traders. And this is completely right because the smartest learn on mistakes of other people.

* The ability to self-control. Control yourself, realize the responsibility for the money that you have come to the nForex market with. Get rid of the failed strategy of an inveterate player. Forex is not a place where you may play “at random”.

Remember if you want to get more, than you are supposed to receive, you will have to study more than you are able. be prepared to live in the process of constant accumulation of knowledge about the probability theory, Elliot’s waves, Gauze’s corners etc. You will have to make friends with the “method and subject” of higher mathematics and to learn hot to calculate risks immediately.

The Forex market has a very important quality that is inherent to the global trade field: this is a great place where you can get high income on condition that you know the market very well and at the same time the Forex market is the best way to drop a brick that always expects for a financial ignoramus. So, you should come to the Forex market having solid financial knowledge and your first profit won’t make you wait for long.

It is vital to gather as much info about Forex as possible. Because this info will help you not to lose much money on Forex trading or Forex investment.

Surely not a single piece of knowledge can be a 100% guarantee against losses, in particular on Forex market, but sometimes just one Forex books can save you much money.

Walter Bressert has finished college with the diploma of the economist. It has produced in it conviction that «economists not so well know how this world» is arranged. Being the active trader for many years, Bressert did his trading based on cycles and oscillators in the intraday trading by futures where the basic attention is taken away to contract S&P 500. At the same time, Bressert uses all types of technical analysis, however characterizes time cycles as «the glue keeping all together. Studying cycles, I learn a rhythm, and each market has own rhythm».

In the late eighties Bressert seemed that literatures on cycles and oscillators is written insufficiently. Therefore he has decided to write the book and named it «Power of a combination oscillators and cycles».

«Cycles show you time. But, looking at the schedule, it is impossible to understand, is there super purchase or super sale. Oscillators register these changes. If they above 80—90, it, possibly, top and if more low 30, either 20, or 10 – that it, possibly, the bottom, — explains Bressert. But it is necessary to imagine and more an overall picture: what trend?» For this purpose he addresses to cycles. For example, the trend for the day schedule is advanced by a week cycle.

In the beginning of the career when Bressert was the trader in an exchange hall, there was a following case: «the old man has approached to me and has told: trading actually is very simple – when the trend goes upwards, purchase that falls when the trend goes downwards, sell that, on what demand. I was young and have thought – that he understands? But after ten years I have realized that he has informed me the most important thing».

He underlines the importance of a trend. «Knowing a trend and working according to a trend or having a presentiment of trend turn», — he speaks. Now Bressert leads active trading by contract S&P on an intraday basis, and from time to time enters other markets. It prefers contract S&P as it «is liquid and can keep volume. It has significant movements within day, and in the market many players are mean that the hall cannot supervise all market». He considers that for intraday trading three markets are suitable only: contract S&P 500, futures for treasure bonds and Swiss franc.

Use of cycles and oscillators has allowed Bressert to produce a mechanical variant of trading that allows it eliminating an emotional element from the auctions. «The market is continuous emotion. It presses all your levers of fear and greed, sniffs up all your weaknesses. I should supervise an emotional part. I was convinced that my temperament does not allow me to be a trading star. I have found a method to overcome it, using mechanical laws of an input and an exit».

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