Dennis Vydrin
Free
Forex Trading Expert
Dennis Vydrin Quick Facts
My name is Dennis Vydrin. My 5-year experience of working in the Customer Service Department and subsequently becoming the Head of it at Forex Ltd allows me to claim to be an expert in Forex industry.
About myself
I have a master degree in Philology (English Literature and Language) and good experience in trading Forex and CFDs. Besides I have good understanding of the FX industry, having studied many leading Forex brokers and tried their services. I focus mainly on trading currency pairs, preferably majors. I support a number of blogs and write articles for corporate website and other web resources.
What I offer
I would like to share my experience with the readers of SelfGrowth by publishing various articles on personal investment and Forex trading. My aim is to safeguard beginning traders from high risks of personal investments in currency market. I would gladly give advice on how to develop one’s trading strategy, how to open a trading account, what software and analytical materials to use.
Risks disclosure
Free Articles & Book Excerpts
Financier Career
http://www.selfgrowth.com/articles/Financier_Career.html
11 Rules of Successful Forex Trading
http://www.selfgrowth.com/articles/11_Rules_of_Successful_Forex_Trading.html
Elliott Theory
http://www.selfgrowth.com/articles/Elloit_Theory.html
Trend Indicators: Types of Moving Averages
http://www.selfgrowth.com/articles/Trend_Indicators_Types_of_Moving_Averages.html
Articles by this expert
SelfGrowth articles and saved writing connected to this expert.
Article
9 Fatal Mistakes in Trading
Below a list of nine grave mistakes in trading is presented. Avoid each of the given situations as they may dampen your financial aims and expectations. Trading with money you may not afford to lose One of severe obstacles for your successful trading is using money you cannot afford to waste, e.g. money that should be used for paying bills. This money is often called “frightened money” as eventually, when a trader assumes that he is trading with his vitally important money, his financial decisions are driven by fear and emotions, but not buy sound mind.
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Article
Advantages of Intraday Trading
Intraday trading, which used to be the only passion of those traders trading in a stock exchange hall, is now a square game for all currency speculators trading online. Encouraged by intensive intraday price fluctuations, constant flowing quotes, capacity of modern PCs and competitive spreads and commissions, modern traders apply to numerous trading methods using intraday strategy as they do not always stay abreast with all fundamental news and technical reviews.
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Article
Forex Market – Mind Game
Before you start trading Forex the first thing you should do is to change your way of thinking. Mind of an average person should be substituted by profiteer`s mind. Currency trading is a mind game, so those who do not possess a certain kind of thinking and analyzing are definitely doomed to failure from the very beginning. Drill of trader conscience is the first step in education of every successful trader, however, many beginning traders neglect this important aspect and at the end find themselves out of game.
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Article
Why Forex Market Remains Popular
Have you ever questioned yourself why Forex exchange market is still popular gaining new adherents? Will it collapse or prosper? In my opinion, popularity of online trading is only surging and it is explained by several reasons. One of them is lack of government regulations and legislations. Being a citizen of any country you are entitled to trade with a broker residing in any country. Another reason is wide spreading of the Internet. A decade ago a few could boast having free wireless high-speed internet both at home and at work.
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Article
Trading Patterns. Advantages and Disadvantages
Every participant of the financial market at the beginning of his way faces up a challenge of which forecasting method to choose in order to achieve success. The choice is usually made between technical and fundamental analysis. Sometimes the usefulness of technical analysis with its charting methods is contested. Patterns are necessary components of these charting methods used to forecast further trend direction.
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Article
Principles of Fundamental Analysis
Analytical instruments, used by traders to foresee further market behavior and as a result to get prepared for further actions on the way to getting profit, may be classified into four main types. These types include technical, wave, computer and fundamental analyses. In this article you will get acquainted with basic principles of fundamental one. The main idea of this analytical approach is tracking the news primarily of political and economic nature capable to impact financial market behavior.
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Article
Self-Confidence as a Key to Success
For every Forex trader self-confidence plays an important role in attaining success. Emotions and feelings in decision making should be replaced by self-control and self-confidence. Those traders who cannot take the pressure are definitely doomed to failure. When financial markets move down those traders panic and when the markets move up, they tend to make false decisions caused by either excitement or greed. That is why high level of self-confidence and self-control is needed.
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Article
Control over Emotions in Trading
Very often traders tend to say that they want to avoid emotions while trading. They suggest that they need to be calm and cold-blooded as robots. Unfortunately traders as well other people are not emotionless machines. Deleting all the emotions would bring destruction of intuition, trading feeling. Are people helpless before emotions? Definitely not, as emotions deliver to us important information. We are capable to obtain this information and make some changes or take the necessary decisions.
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Article
Mindset of Winning and Losing Traders
When trading brings good results, traders feel excited, however, when something goes wrong, a mere trade may become a nightmare. It may take months to earn capital and it may take a few seconds to waste it all. It happens and happens with another generation of traders, thus, if a trader is aiming at attainment success, he is recommended to study carefully experience of the predecessors drawing his own conclusions in order not to commit similar mistakes again and again. This article gives several observations revealing difference between a winning trader and that one who makes losses.
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Article
5 Stages of a Trade
In order to comprehend the specifics of trading each separate trade may be divided into 5 stages. In other words, you should instinctively divide each trade into 5 different phases requiring different attitude. Three of them are intellectual in nature and two of them are intuitive. Let us take a closer look at these stages: Stage 1 – Searching for opportunities This phase may be enjoyable for the first hour, then it becomes boring, but anyway attention is needed. Stage 1 is deliberate studying the trading charts in accordance with the trading strategy you have chosen.
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Article
Trader`s Fears and Ways to Overcome Them
How do you feel tonight? Are you happy? Upset? Calm? Have you ever questioned yourself how your daily emotions may affect Forex trading? Definitely, this issue is worth considering in details. Evidently, the essential aspect of successful trading is a well designed trading strategy accompanied by trading discipline required to follow accurately a trading plan within the frames of trade execution and money management. However, choosing and then using a trading strategy requires a certain state of mind. You may be completely aware of market behavior.
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Article
Reasonable Money Management and Trade Discipline
Certainly before starting trading every Forex trader has got his own expectation targeting at obtaining high profit out of trading operations. But achieving these goals requires something bigger then just an appropriate Forex education and entrepreneurship abilities, it needs something extra. If you want your trading to be successive bringing you desired results, the following necessary rules may become your Forex trading guidance: Simple Forex Systems Work Bestr Forex was originated as a simply structured system.
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Favorite Quotes & Thoughts from Dennis Vydrin
There is no secret about success. Did you ever know a successful man who didn't tell you about it?
Kin Hubbard
All you need in this life is ignorance and confidence; then success is sure.
Mark Twain
I know of only one bird - the parrot - that talks; and it can't fly very high.
Wilbur Wright
The best way to predict the future is to invent it.
Alan Kay
Contacting Dennis Vydrin
Phone: +44 (0) 20 8133 8701
Web site: www.forexltd.co.uk