-- WITH PHOTO -- TO BUSINESS EDITORS:
Forex Peace Army Chief Dmitri Chavkerov Shares Successful Forex
Trading Strategies With Forex Traders
NORTH PORT, Fla., April 8, 2014 /PRNewswire/ -- Forex Peace Army CEO
Dmitri Chavkerov shares with traders important strategies and
techniques that would help traders attain success in the highly
volatile forex trading field. Dmitri Chavkerov is a successful forex
trader who founded Forex Peace Army, one of the biggest and most
reliable forex websites in the world.
"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. I will be
sharing with you most of the successful trading strategies that I
know," says Forex Peace Army Chief Dmitri Chavkerov.
Dmitri Chavkerov advises traders to go with reliable and basic factors
like support and resistance price points in the volatile market.
"Support and resistance price points are by far the most reliable and
most fundamental factors that one can use to profit in any speculative
market. Even when trading the news, these points are crucially
important. These support and resistance points have nothing to do with
any technical indicator, but they are enough to make a fortune on the
individual stocks. In fact, 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 Forex Peace Army CEO Dmitri
Forex Peace Army Dmitri Chavkerov also shares some of the techniques
and strategies for effective money management.
According to Dmitri Chavkerov, it is necessary to have a specific
monetary goal that provides traders a direction in trading. Without a
proper monetary goal on hand, there will not be any progress in the
trading activity. Also, it is important that making or losing money on
each trade should be looked upon as a boring activity rather than an
interesting one. Some traders put in too much of hopes and fear any
loss. When it looks boring then it would not cause them many issues.
Yet another rule is to have cash-out goals that would help traders
make proper plan as to how to deal with the money at hand and the
money that is to be earned in the future.
"Some of you may have read a famous bestselling book, called "Rich
Dad, Poor Dad" by Robert Kiyosaki. Keith Cunningham was Kiyosaki's
mentor, and many ideas that Kiyosaki shared in his book came from
Keith. while talking to Keith, I learned a very important money
principle that I never heard before from anybody else. Keith told me
this: "The process of money making should be very boring. The more
boring it is, the more successful you will become." He said: "Most
people are looking for excitement in their money making ventures.
Excitement is good, but it should be looked for in other areas of your
life. If you look for excitement in making money, you will most likely
get into a lot of trouble, and your path to accumulating and keeping
wealth will be very difficult," says Forex Peace Army CEO Dmitri
Dmitri Chavkerov also shares that it is necessary for traders to set
aside a portion of their money for charity. He believes that human
body is programmed to give regularly and unconditionally and if this
is not followed, it may amount to living against your own belief and
the subconscious mind will be affected.
"The most important thing that I can teach you is the foundation of my
forex trading structure, which is giving of at least 10% to charity,"
says Dmitri Chavkerov of Forex Peace Army.
"Most businesses are built around serving people, so if you serve your
customers well, you may still prosper even without tithing, but
remember that in forex trading, you serve nobody, and unless you make
an opening of at least 10% in your trading account that will benefit a
charity, your success will be extremely difficult to achieve, because
as a rule, great financial abundance is a result of great service to
large number of people. If you do not give 10%, you may still succeed
in forex at the expense of great loss of time and energy, but this
great loss of time and energy may take away great chunks from your
health and from your relationships, and thus your happiness," says
Forex Peace Army President Dmitri Chavkerov.
Forex Peace Army is a well known online platform that provides useful
and reliable information on forex trading space. Forex Peace Army has
been active for the past 8 years now.
SOURCE Forex Peace Army
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CO: Forex Peace Army
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