How do you perceive losses and how do you place the stop losses before a deal is closed?

Loss is an essential part of exchange currency trading. You should stand the world currency markets losses in order to find winning deals. The sooner a trader learns this lesson, the more effective their trade turns out success. When I enter the world currency market, I already know my entrance point and my stop-loss level. That’s the ground for making decision about my positions scale and the amount of the money I loose is constant if it happens so that the stop-loss is activated. A well-thought position scale helps keeping my losses small. If there is something most important about successful real time currency market business – it’s deciding on the positions scale.

What are the key factors and rules to think about before considering any possible opportunity?

I watch where is a relatively high volume and movements and just search for the place to jump into the currency forex market trading. I have quickly learned how wrong overtrading may be (too frequent trade or trade with too high volumes). Thus, I have rules of searching for the prospective trading opportunities. And once I find something that matches my criteria – I just start trading. It actually is very easy.

I often see the traders who make rules just to break them every single day and to close the deals that they did not plan to close in the morning. Many people think that a good deal may be interconnected with hard work and they tend to making as many deals as possible to correspond to this principle. Most important about a good deal is expectation of the opportunity that is good for you and expectation of the time when your deal will be not actual any more. Both may be very hard to do as trade as it is does not match the human nature.

Which markets do you prefer to trade and to watch with your analytical instruments?

Right now I am trading stocks only. Though the "StockTickr" analytical instruments are good for any market type.