Common stereotypes
The post-Soviet mentality is not always clear to the man, who was born and raised in a civilized civil society. All the benefits of capitalism that emerged in Russia and other CIS countries after the fall of the totalitarian regime and the collapse of the Soviet Union, on our soil gave rise to such a hybrid, that any Michurin never dreamed of. Appeared in 1994-95 in Russia access to the market FOREX once gave food to new experiments with the mass consciousness.
Stereotype 1: FOREX - is a gamble.
Indeed, a leverage of 1:100 or even 1:200, as practiced in many Russian dealing centers, closer trade in this market for roulette. This financial leverage is used in the West rarely. While the average Russian has been taught by bitter experience, talking about the fact that these games do not lead to good, but few people stopped, and advertising dealing centers are sometimes reminiscent of well-known maxim: "torsion verchu (substitute the word on the extent of their education ) I want to. Here's a hundred rubles to buy "Lada". Favourite game Alla Pugacheva and Raisa Gorbachev. " Many of the newcomers, who decided to "play in the FOREX" do not have the slightest idea of what the mechanism of this "game", what factors caused by changes in exchange rates, etc.
Stereotype 2: FOREX - an easy way to wealth.
Easy ways to enrich not the case. In the end, we have to work hard even quite honest individuals in their quest to "earn" a living. Not to mention the people who choose a legal business. Quintessence of this opinion I have recently been able to hear from a friend. He obviously read a lot of online advertising, also said: "So this means you can put ten thousand dollars, and ... not working." Here it is, homespun truth. Sit at home doing nothing while getting paid.
This beautiful fantasy is broken in pieces, when people really begin to trade. Any kind of exchange activity is accompanied by a tremendous mental stress. With regard to income, trading with leverage is not particularly characterized by its yield in comparison with those types of businesses such as telecommunications and mobile communications. But the risk reward in full. And the trader becomes aware of this risk, only when started to work with real money.
Stereotype 3: learn to speculate on financial markets is fairly simple.
This stereotype is caused by advertising of various training courses, after issuing a cardboard "ksivu" tricky with the words "Foreign Exchange Dealer analyst of international financial market."
Profession trader can be equated to the creative professions. Learn how to gamble for three months - it's like learning to play the violin or an external correspondence. There are no clear rules on which the price is moving. Of course, there are markets where the probability of a correct prediction is high enough, for example: the dollar / ruble, the dollar / euro. But, nevertheless, speculation in financial markets requires knowledge not only of international economics and finance, but also methods of mathematical analysis, neural networks, etc.
Meanwhile, among beginners is common assertion that technical analysis - a pseudoscience, and it is all only a knowledge of psychology and experience. Fundamental analysis is generally no attention is deserved, in short ... everything is based on intuition, like a game of roulette. Most interesting is that the story of the failure of technical analysis is supported by many seemingly qualified professionals.
Stereotype 4: using ready-made predictions of analysts, we can speculate, not having special qualifications.
Indeed, many dealing centers provide, and often free, forecasts the market FOREX. This is done, you guessed it, for promotional purposes. In those rare instances when the forecast is present fundamental analysis, it boils down to a listing of key economic indicators and indices. Technical analysis is generally quite uniform. Even on the page such solid companies as Killney Investments, technical analysis is mainly based on the Fibonacci levels. Should we really trust the recommendations of firms interested in the fact that traders are losing?
Stereotype 5: trade within the day - the most lucrative form of trading.
Among the Russian currency speculators intraday trading, become much more popular than in the West. It is caused, first of all, dreams of winning the jackpot in the short term. On top of that lack of funds does not allow Russian investors to put away facing stop-loss, so the medium-and long-term trade is very difficult. The only way out - intraday-trading.
The myth that by trading within the day can earn 100-150% of the deposit of the day, most likely originated as a result of the promulgation of best results of competitive accounts. Someone just very lucky opened all the money and won. And for a real account because the can not get lucky. Keep in mind, the contest accounts people do not risk any real money, but the prospect of a 300-500 USD is very real.
Practice shows that the Russian traders often trade at 1-minute bars, not knowing the history of the instrument. From a mathematical point of view, the intraday trading, such as a 5-minute bars, is an attempt to trade random noise, so it is a waste of time. Over time, those who trade the noise, are doomed to failure.
Although short-term fluctuations can not be entirely random, preddetermenirovanny component in them is negligible. It is therefore extremely unlikely that often sells at a short interval of time a trader can actually make a profit for a long time. In addition, studies say about the absence of cycles in intraday data.
Let's think in terms of common sense. If traders who trade intraday, daily deposit is wrapped with 100-percent return, the man who parlayed a dealing center 5000 USD, will become a millionaire in about ten days. Where are our "new Soros"? Something about them not audible.
Stereotype 6: And finally, mechanical trading system - the ultimate truth.
This stereotype is still only beginning to take root in Russian soil, since the mechanical trading systems have spread recently. Full confidence in the correctness of the system, especially if it is alleged that it is built on cutting-edge technology of neural networks, resulting in a hypnotic state: the trader as fascinated watching the rapid combustion of your deposit at the time when the system shows one thing, and Soros and Buffett are doing something quite different. Market owed nothing to anybody. Huge financial resources are concentrated in the hands of funds and large private investors, and they literally sneeze at all trading systems at once.
The role of advertising in the formation of the myth of FOREX.
The main motif of advertising dealing centers is reduced to the thesis that in FOREX can make money the easy way. To promote this idea to the masses as a promotional tool used mostly pseudo-code posted on the site dealing center. Often they are reduced to a kind of "secrets of famous traders" who are somewhat similar aphorisms Kozma Prutkov:
"The trend is over when it becomes visible.""The trend is impossible to predict, it is necessary to enter.""Trade trends."
But the bulk of advertising copy is a educational program for those who came to this site by accident. Before the 1998 crisis in Russia, FOREX is a market of institutional investors, as there were free money. Investments in FOREX doing all and sundry, respectively, the dealers were not out of work. Now, since, as one of the next Prime Minister of the Government, "davalka ends", the market is reoriented to a private investor (investor-trader). Banking dealer does not need to teach the speculation that he may soon teach staff dealing center. But the new staff needed. Moreover, such frames to their defeat by the dealing center may exist.
Why FOREX?
Too many specialists could not help contrast the market FOREX and STOCKS to each other. In Russia, as mentioned above, FOREX market has historically developed as a private investor, this opposition is expressed even more sharply. Indeed, even abroad, where trading with leverage is the civilized face of the speculators in the market FOREX, as a rule, do not go to the stock market, and professional stock market participants, in turn, go on the FOREX is extremely rare. In Russia, such a "division of labor" is compounded by the fact that the practice of private investment in stocks kicked the bucket after a series of bankruptcies of their issuers in 1994-95. Not only that existed before the collapse of financial pyramid layer of individual investors, investor lyumpenizirovanna was so that trade using leverage, short-term speculation, etc. There could be no question.
If we take into account all the above, it becomes clear why the stock market in Russia has become the lot of only professional money managers of large institutional investors. To FOREX market, even in the same institutional (banks, brokerage houses, etc.) formed a fundamentally different attitude. If you work with shares in a financial institution need not only to higher education in economics, but also the FSC certificate, which mere mortals are, mainly, for some recompense, then candidate for the post trader FOREX market are often not even education. Typically, enrollment in full-time position trader in the FOREX market is based on the results of the qualifying auction.
Another important feature arising from these factors - the attitude of many traders on the FOREX market to their job as a hobby. If those who work in the stock market - professional and otherwise simply could not be, among the traders in the FOREX market is dominated by amateurs. Unfortunately, people often come to this lesson by accident. As a rule, those who become traders, peck on the ads, which offer training and employment of a new specialty, "an analyst of international financial market." Further, in most cases, things are moving in the following scenario: the first stage of a person begins to consider himself quite capable of earning foreign exchange dealing in large sums of money, in the second stage, he proceeds to actual trading, initially winning, and then begins to play, in the third stage, he departs from this activity and return to previous activities. Often, currency dealing is as a hobby, sometimes of income. However, according to statistics, 95% of the graduates of such courses is eliminated after losing the first deposit. They do not come back to this activity, but its income-brokers have.
Conclusion.
The development of the FOREX market in Russia occurred spontaneously, largely at the expense of the establishment of other financial and commodity markets. The reasons for this phenomenon is rooted in the fact that FOREX dealing centers gives owners more revenue than dealing in the stock market where leverage is by law can not be greater than 1:2. Leverage is used in FOREX, sometimes leading even experienced traders to a negative difference between profit and loss, of course, allowing the dealing centers have a stable income. As we see, PR dealing centers directed mainly to the fact that the potential client to prove the incredible profitability of operations on FOREX. Here it is useful to remember a quote from the book by David Spenera "What's going on in the mind of the player", "Son, how much you've seen, what would not have learned, always remember one thing: there is a guy who will show you a new unopened pack of cards and offer to bet on that pops out of her and Jack rush to pour your beer into his ear. My son, do not accept bets, or find yourself with a full ear of beer. "
The post-Soviet mentality is not always clear to the man, who was born and raised in a civilized civil society. All the benefits of capitalism that emerged in Russia and other CIS countries after the fall of the totalitarian regime and the collapse of the Soviet Union, on our soil gave rise to such a hybrid, that any Michurin never dreamed of. Appeared in 1994-95 in Russia access to the market FOREX once gave food to new experiments with the mass consciousness.
Stereotype 1: FOREX - is a gamble.
Indeed, a leverage of 1:100 or even 1:200, as practiced in many Russian dealing centers, closer trade in this market for roulette. This financial leverage is used in the West rarely. While the average Russian has been taught by bitter experience, talking about the fact that these games do not lead to good, but few people stopped, and advertising dealing centers are sometimes reminiscent of well-known maxim: "torsion verchu (substitute the word on the extent of their education ) I want to. Here's a hundred rubles to buy "Lada". Favourite game Alla Pugacheva and Raisa Gorbachev. " Many of the newcomers, who decided to "play in the FOREX" do not have the slightest idea of what the mechanism of this "game", what factors caused by changes in exchange rates, etc.
Stereotype 2: FOREX - an easy way to wealth.
Easy ways to enrich not the case. In the end, we have to work hard even quite honest individuals in their quest to "earn" a living. Not to mention the people who choose a legal business. Quintessence of this opinion I have recently been able to hear from a friend. He obviously read a lot of online advertising, also said: "So this means you can put ten thousand dollars, and ... not working." Here it is, homespun truth. Sit at home doing nothing while getting paid.
This beautiful fantasy is broken in pieces, when people really begin to trade. Any kind of exchange activity is accompanied by a tremendous mental stress. With regard to income, trading with leverage is not particularly characterized by its yield in comparison with those types of businesses such as telecommunications and mobile communications. But the risk reward in full. And the trader becomes aware of this risk, only when started to work with real money.
Stereotype 3: learn to speculate on financial markets is fairly simple.
This stereotype is caused by advertising of various training courses, after issuing a cardboard "ksivu" tricky with the words "Foreign Exchange Dealer analyst of international financial market."
Profession trader can be equated to the creative professions. Learn how to gamble for three months - it's like learning to play the violin or an external correspondence. There are no clear rules on which the price is moving. Of course, there are markets where the probability of a correct prediction is high enough, for example: the dollar / ruble, the dollar / euro. But, nevertheless, speculation in financial markets requires knowledge not only of international economics and finance, but also methods of mathematical analysis, neural networks, etc.
Meanwhile, among beginners is common assertion that technical analysis - a pseudoscience, and it is all only a knowledge of psychology and experience. Fundamental analysis is generally no attention is deserved, in short ... everything is based on intuition, like a game of roulette. Most interesting is that the story of the failure of technical analysis is supported by many seemingly qualified professionals.
Stereotype 4: using ready-made predictions of analysts, we can speculate, not having special qualifications.
Indeed, many dealing centers provide, and often free, forecasts the market FOREX. This is done, you guessed it, for promotional purposes. In those rare instances when the forecast is present fundamental analysis, it boils down to a listing of key economic indicators and indices. Technical analysis is generally quite uniform. Even on the page such solid companies as Killney Investments, technical analysis is mainly based on the Fibonacci levels. Should we really trust the recommendations of firms interested in the fact that traders are losing?
Stereotype 5: trade within the day - the most lucrative form of trading.
Among the Russian currency speculators intraday trading, become much more popular than in the West. It is caused, first of all, dreams of winning the jackpot in the short term. On top of that lack of funds does not allow Russian investors to put away facing stop-loss, so the medium-and long-term trade is very difficult. The only way out - intraday-trading.
The myth that by trading within the day can earn 100-150% of the deposit of the day, most likely originated as a result of the promulgation of best results of competitive accounts. Someone just very lucky opened all the money and won. And for a real account because the can not get lucky. Keep in mind, the contest accounts people do not risk any real money, but the prospect of a 300-500 USD is very real.
Practice shows that the Russian traders often trade at 1-minute bars, not knowing the history of the instrument. From a mathematical point of view, the intraday trading, such as a 5-minute bars, is an attempt to trade random noise, so it is a waste of time. Over time, those who trade the noise, are doomed to failure.
Although short-term fluctuations can not be entirely random, preddetermenirovanny component in them is negligible. It is therefore extremely unlikely that often sells at a short interval of time a trader can actually make a profit for a long time. In addition, studies say about the absence of cycles in intraday data.
Let's think in terms of common sense. If traders who trade intraday, daily deposit is wrapped with 100-percent return, the man who parlayed a dealing center 5000 USD, will become a millionaire in about ten days. Where are our "new Soros"? Something about them not audible.
Stereotype 6: And finally, mechanical trading system - the ultimate truth.
This stereotype is still only beginning to take root in Russian soil, since the mechanical trading systems have spread recently. Full confidence in the correctness of the system, especially if it is alleged that it is built on cutting-edge technology of neural networks, resulting in a hypnotic state: the trader as fascinated watching the rapid combustion of your deposit at the time when the system shows one thing, and Soros and Buffett are doing something quite different. Market owed nothing to anybody. Huge financial resources are concentrated in the hands of funds and large private investors, and they literally sneeze at all trading systems at once.
The role of advertising in the formation of the myth of FOREX.
The main motif of advertising dealing centers is reduced to the thesis that in FOREX can make money the easy way. To promote this idea to the masses as a promotional tool used mostly pseudo-code posted on the site dealing center. Often they are reduced to a kind of "secrets of famous traders" who are somewhat similar aphorisms Kozma Prutkov:
"The trend is over when it becomes visible.""The trend is impossible to predict, it is necessary to enter.""Trade trends."
But the bulk of advertising copy is a educational program for those who came to this site by accident. Before the 1998 crisis in Russia, FOREX is a market of institutional investors, as there were free money. Investments in FOREX doing all and sundry, respectively, the dealers were not out of work. Now, since, as one of the next Prime Minister of the Government, "davalka ends", the market is reoriented to a private investor (investor-trader). Banking dealer does not need to teach the speculation that he may soon teach staff dealing center. But the new staff needed. Moreover, such frames to their defeat by the dealing center may exist.
Why FOREX?
Too many specialists could not help contrast the market FOREX and STOCKS to each other. In Russia, as mentioned above, FOREX market has historically developed as a private investor, this opposition is expressed even more sharply. Indeed, even abroad, where trading with leverage is the civilized face of the speculators in the market FOREX, as a rule, do not go to the stock market, and professional stock market participants, in turn, go on the FOREX is extremely rare. In Russia, such a "division of labor" is compounded by the fact that the practice of private investment in stocks kicked the bucket after a series of bankruptcies of their issuers in 1994-95. Not only that existed before the collapse of financial pyramid layer of individual investors, investor lyumpenizirovanna was so that trade using leverage, short-term speculation, etc. There could be no question.
If we take into account all the above, it becomes clear why the stock market in Russia has become the lot of only professional money managers of large institutional investors. To FOREX market, even in the same institutional (banks, brokerage houses, etc.) formed a fundamentally different attitude. If you work with shares in a financial institution need not only to higher education in economics, but also the FSC certificate, which mere mortals are, mainly, for some recompense, then candidate for the post trader FOREX market are often not even education. Typically, enrollment in full-time position trader in the FOREX market is based on the results of the qualifying auction.
Another important feature arising from these factors - the attitude of many traders on the FOREX market to their job as a hobby. If those who work in the stock market - professional and otherwise simply could not be, among the traders in the FOREX market is dominated by amateurs. Unfortunately, people often come to this lesson by accident. As a rule, those who become traders, peck on the ads, which offer training and employment of a new specialty, "an analyst of international financial market." Further, in most cases, things are moving in the following scenario: the first stage of a person begins to consider himself quite capable of earning foreign exchange dealing in large sums of money, in the second stage, he proceeds to actual trading, initially winning, and then begins to play, in the third stage, he departs from this activity and return to previous activities. Often, currency dealing is as a hobby, sometimes of income. However, according to statistics, 95% of the graduates of such courses is eliminated after losing the first deposit. They do not come back to this activity, but its income-brokers have.
Conclusion.
The development of the FOREX market in Russia occurred spontaneously, largely at the expense of the establishment of other financial and commodity markets. The reasons for this phenomenon is rooted in the fact that FOREX dealing centers gives owners more revenue than dealing in the stock market where leverage is by law can not be greater than 1:2. Leverage is used in FOREX, sometimes leading even experienced traders to a negative difference between profit and loss, of course, allowing the dealing centers have a stable income. As we see, PR dealing centers directed mainly to the fact that the potential client to prove the incredible profitability of operations on FOREX. Here it is useful to remember a quote from the book by David Spenera "What's going on in the mind of the player", "Son, how much you've seen, what would not have learned, always remember one thing: there is a guy who will show you a new unopened pack of cards and offer to bet on that pops out of her and Jack rush to pour your beer into his ear. My son, do not accept bets, or find yourself with a full ear of beer. "
No comments:
Post a Comment