Dmitri Chavkerov | Handling Loss To Test Trading Strategies | New York Business Journal Highlighted Publication

Dmitri Chavkerov - New York Business Journal- Effectively Dealing With Losing Trades Discussion

Dmitri Chavkerov CEO of Forex Peace Army says that even though all traders will probably have losers quite regularly, when it comes to sets of 50 trades, if the trader is competent, the overall result should almost always be positive.

Dmitri Chavkerov of Forex Peace Army Shares With Traders Important Pain Reducing Mind Tricks On How To Effectively Deal With Losing Trades

NORTH PORT, Fla., Month Day, Year /PRNewswire/ — Dmitri Chavkerov of Forex Peace Army shared with traders on his website an effective method for handling losses with relative peace and calm. Dmitri Chavkerov is a well known personality in the forex trading, who founded the Forex Peace Army website that provides traders effective trading methods and strategies.

Dmitri Chavkerov believes that mastering trading psychology is absolutely crucial in order to succeed in forex.

“Most houses have foundation, walls, floor, and roof. My successful forex trading structure also has foundation, walls, floor, and roof. The walls and floor of my forex structure are money management and trading psychology. The roof is various trading strategies,” says Dmitri Chavkerov CEO of Forex Peace Army.

Dmitri Chavkerov states that there is a wrong notion that bleeds into traders’ careers from their previous jobs, which has very negative effects on trader’s ability to make profitable decisions.

“We are all connected, and most of us are in the mentality of work, get paid, work, get paid, work, get paid. We simply can’t go against such mentality as forex traders, because our individual will is simply not strong enough. We need to go along with such mentality,” says Dmitri Chavkerov President of Forex Peace Army.

“Who says that you need to get paid after every trade? You can get paid after every set of 50 trades. A person who works for $10 per hour does not come up to his or her employer, asking to get paid in multiples of $10 every hour. They are promised to get paid every two weeks or once per month. So they wait for that payment,” says Dmitri Chavkerov Founder of Forex Peace Army.

Forex Peace Army CEO Dmitri Chavkerov says that even though all traders will probably have losers quite regularly, when it comes to sets of 50 trades, if the trader is competent, the overall result should almost always be positive.

“You don’t even need to consider that you have a loser until you place 50 trades. Don’t even look at each trade as something of substance. The batch of 50 trades is the only thing that counts. And if you lose money on such batch, consider that you got screwed by your employer, so find another trading strategy, and create another batch of 50. You keep doing it, and eventually you will find an employer that pays you consistently and predictably every 50 trades,” says Dmitri Chavkerov CEO of Forex Peace Army.

According to Dmitri Chavkerov, traders need to spend time and focus on getting the right kind of trading strategy and once they are convinced about a particular trading strategy they should start trading using it. The most important thing about this is that the traders should not abandon the trading strategy just because he or she lost in some of the trades.  Instead the trader should stick with it and use it until the batch of 50 trades is created before deciding to either keep it or lose it.

“It is important not to abandon your trading system when you have 5, 6, 7, 8, 9, or even 10 losers in a row. It’s all part of the game. You wait for your payment also…not after every trade, but after a batch of 50 trades. It’s quite simple. And you don’t even need to get paid from every batch of 50; if you like, you can get paid every time you double your account,” says Dmitri Chavkerov Founder of Forex Peace Army.

“I use a forex trading system, which is called Diamonds Forex Trading System. You need to use this system on at least 50 economic indicators, and you need to a keep a journal, where you will track your progress. I call the 50 most important economic news reports as diamonds. In this Forex Diamonds Trading System, we traded about 50 different economic indicators every month, so it’s about 10 to 15 per week. We traded most important economic reports from 8 major countries (US, Canada, UK, Euro Zone, Switzerland, Japan, Australia, and New Zealand). As you can imagine, by reading articles about economic reports from all of these 8 countries, I started getting hunches on which economy was doing great, and which economy was not doing so great, so I started to invest my savings account, based on this information,” says Dmitri Chavkerov President of Forex Peace Army.

Forex Peace Army is a prominent online forex trading platform that helps explore the various areas regarding forex trading. Forex Peace Army has been functioning actively for the past 8 years.

SOURCE: Forex Peace Army

Posted in Press Releases Tagged with: , , , ,

Forex Peace Army | Focused Speculative Stock Liquidity | Yahoo Finance Featured Publication

Forex Peace Army CEO | Stock Liquidity Story in Yahoo Finance

Forex Peace Army CEO Dmitri Chavkerov states that each stock has got its own pool of liquidity and is a lot less dependent on movements of other stocks versus highly interdependent rates of currencies.

Forex Peace Army Founder Dmitri Chavkerov Discusses The Concept of Focused Speculative Liquidity and Its Effects on Individual Stocks Versus Forex

NORTH PORT, Fla., Apr. 29, 2014 /PRNewswire/ — Forex Peace Army President Dmitri Chavkerov offers his guidance as to how to gain overall profit out of individual stock trading. Dmitri Chavkerov is a well-known and prominent name in the field of forex trading. Dmitri Chavkerov founded the Forex Peace Army which provides valuable information on speculative trading.

“Every single stock day trader I ever met, who got the education that these forex traders got, who has been trading as regularly as these forex traders were trading, and who has been doing it for as long of a time as these forex traders were doing it, was consistently turning a profit. Why is it so? Why is it that so many people I met who traded individual stocks regularly were wildly profitable, and so many people who traded forex regularly were such royal losers? The answer is focused speculative liquidity,” says Forex Peace Army Founder Dmitri Chavkerov.

Forex Peace Army CEO Dmitri Chavkerov states that each stock has got its own pool of liquidity and is a lot less dependent on movements of other stocks versus highly interdependent rates of currencies.

“Why do people buy and sell stock of the Apple Computers? There is only one reason and one reason only: to make a profit. If some guy buys 1,000 shares of the Microsoft stock, will it have direct effect on the stock price of Apple Computers? It definitely will not. The reason it is easy to make money as day traders in the stock market is because every individual stock has its own pool of liquidity, and thus its own price, which is completely unaffected by liquidity or price of another stock. Thus the liquidity is focused. In addition to it, every single stock share in this focused liquidity pool gets bought or sold for no other reason but speculative. What you get as a result is a very predictable day-to-day price action. All you have to do is become an insider of an individual stock by looking at the price action of the stock regularly, and within a relatively short period of time, you will be able to place many more winning trades than losing ones,” says Dmitri Chavkerov CEO of Forex Peace Army.

Dmitri Chavkerov also shared with traders one of the secrets he learned from a friend of his.

“A few years ago, I met a guy who for a while worked for a speculative trading firm in Chicago. And there was this one really old trader in the firm, who was the most successful trader in the entire firm, and many other traders in the firm really wanted to find out his secret. But he would usually tell these people that his “secret” is too simple and too widely known, so he doesn’t wish to share it. But somehow this guy whom I met and this old trader had a good connection, so the old trader decided to share with him his “secret”. The old guy’s gaze was full of compassion and great wisdom that came from many years of trading experience, and he said: “My son…my secret is very simple…support, resistance, and proper money management…,” says Dmitri Chavkerov of Forex Peace Army.

According to this trader, support and resistance are by far the most reliable and basic factors that can be used to gain profit in the highly unpredictable speculative markets. These two points have turned out to be important even while trading the news. Supposedly, these points have nothing to do with technical indicators but they are good enough to create a fortune on individual stocks. Dmitri Chavkerov states that it should be understood that the less focused a person turns out to be on support and resistance and the more he concentrates on technical indicators then the less successful he will be.

“My personal experience suggests that if you use this simple advice on trading individual stocks, you will certainly become overall profitable. After all, this is what that stock service, which I initially used was selling me. They were selling simple support and resistance points, which are obvious by looking at the charts. But if you use support and resistance on forex, your success will still be highly questionable. The reason for it is because forex is a highly unpredictable market with highly interrelated and unfocused liquidity, much of which is not even speculative,” says Forex Peace Army President Dmitri Chavkerov.

Forex Peace Army is a trusted online forex trading portal that provides traders with information about forex trading strategies and techniques. Forex Peace Army has been functioning actively for the past 8 years

SOURCE: Forex Peace Army

Posted in Press Releases Tagged with: , , , ,

Dmitri Chavkerov of Forex Peace Army | Secret of Support and Resistance Price Points

Dmitri Chavkerov on Support and Resistance for World Net Daily

World Net Daily Article by Dmitri Chavkerov about Gain in Most Speculative Markets

Support and Resistance Price Points Are Important Factors That Can Be Used to Gain Profit in Most Speculative Markets, Says Forex Peace Army President Dmitri Chavkerov

NORTH PORT, Fla., Oct. 1, 2013 /PRNewswire/ — According to Forex Peace Army’s President Dmitri Chavkerov, support and resistance price points are by far some of the most reliable and most fundamental factors that one can use to profit in almost any electronic speculative market.

“Even when trading the news, these points are crucially important,” says Dmitri Chavkerov.

Support and resistance is a form of technical analysis that works on the concept that the price movements of a particular security will stop at some point and reverse at specific price levels that were determined earlier. When the support or resistance levels hit, three things can happen to the market: it could change direction, retrace, or stall. With the help of information derived from these levels, traders can adapt to a new strategy or trading plan. It helps derive a broader view on the market and determine the course of action certain positions may take in the future. The support and resistance points are provided by way of a chart.

Many new traders who are at the beginner’s level go with the popular belief that support and resistance is a highly technical and complex area. However, experienced traders take a favorable stand for these crucial factors and consider it to be a true indicator of the highly volatile market conditions.

Forex Peace Army is a distinguished website, which has been rendering traders exceptional guidance in understanding various foreign exchange trading techniques and strategies for the past 8 years. Forex Peace Army is well-known for its initiatives for bringing about awareness regarding forex trading.

Dmitri Chavkerov advises traders to trust support and resistance as one increased probability factor to bank on. The belief that support and resistance is too complex to handle is a myth. It may seem complex superficially but once the basic idea is understood, it gets easy to analyze and predict the price points. It is a vital strategy that can be mastered with time and practice.

“Support and resistance points have nothing to do with any technical indicator, but they are enough to make a small fortune on the individual stocks,” says Dmitri Chavkerov.

Support and resistance is often an overlooked factor in foreign currencies trading and traders give ample importance to certain other technical indicators. In fact, the focus needs to be on these points as they are capable of directing traders towards the right course of action rather than certain technical indicators that are misleading in nature. Traders should understand that simply relying upon technical indicators is not going to be useful and they should be proactive in developing new trading strategies from time to time.

“The less focused a person becomes on these points by being more focused on some technical indicators, the less successful he will become, because he is cluttering his perspective with less important things,” says Dmitri Chavkerov CEO of Forex Peace Army.

Dmitri Chavkerov shares the wisdom he gained from a popular trader. The old man was the most popular commodities trader in his firm and he often told people that his secret is too simple and a well known one, which is to focus on support, resistance and proper money management.

These three are the most essential aspects that help achieve success in FX trading. However, people should understand that going by support and resistance alone will not bring success as there are many other factors that impact trading. It should be looked upon only as a contributing factor, since forex is an erratic and sensitive space which provides no room for accurate market estimation.

“My personal experience suggests that if you use this simple advice on money management, support and resistance over trading individual stocks, you will certainly become overall profitable. After all, this is what that stock service, which I initially used with Scottrade, was selling me. They were selling simple support and resistance points, which are obvious by looking at the charts. But if you use support and resistance on forex, your success will still be highly questionable. The reason for it is because forex is a highly unpredictable market with highly interrelated and unfocused liquidity, much of which is not even speculative,” says Dmitri Chavkerov, CEO of Forex Peace Army.

According to Dmitri Chavkerov, traders need to get their fundamentals strong on areas like money management, support and resistance and then move towards real-time trading practices in order to increase their chances of gaining profit in forex trading.

SOURCE Forex Peace Army

Posted in Press Releases Tagged with: , , , , ,