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