How to make money on the cryptocurrency exchange: basic methods, trading rules and simple strategies for beginners. How to make money on speculation on stock quotes? Strategies for making money on the speculation exchange

Greetings! The other day I enjoyed watching the film "The Wolf of Wall Street" with Leonardo DiCaprio in the title role. Adore . The intensity of passions, a sea of ​​events and emotions, ups and downs - beauty! Agree, in comparison with the heroes of such films, you and I live a terribly boring life.

Is it realistic for a mere mortal to make money on the stock exchange? The answer to this question is not as obvious as it seems. Those who consider the currency, stock or giant scam are wrong. But those who hope to earn thousands of dollars on the MICEX are also mistaken.

The truth, as usual, lies somewhere in between. Let's try to figure it out ...

We will not touch Forex today. The article was just recently. Let's talk about the one where securities are traded.

There are two ways to earn money here. And each has its own pros and cons. "Speculator" or "Investor": which image do you like more?

Speculator

The speculator focuses on making short-term profits. He can "weld" a few percent in a couple of minutes or a couple of days. Then close the deal and fix the profit.

The speculator does not care what to trade. If only the instrument was more or less volatile. After all, a trader makes money on price fluctuations (dollar / ruble pair, a barrel of oil, Apple shares). The speculator is an active player. It searches for trends, uses and analyzes news, signals and forums. And each time it tries to predict where the market will go: up or down.

How much can a speculator earn?

A speculator can double a trading account in just one month! It is possible to get more than 1000 per annum in a couple of days or hours. The speculator's goal is to overtake the market and make serious profits in a short time.

For example, here are the real results of the competition for the Best private investor". The Moscow Exchange holds LPI every year from September 15 to December 15. Anyone can take part in the competition. Within the framework of the competition, you can trade on the stock, derivatives and foreign exchange markets.

For three months, the top three earned 267.98%, 263.95% and 232.81% on the stock market, respectively. Tempting to increase your start-up capital by 2.5 times in just three months? They put $ 10,000 on the account - they took out $ 25,000 ...

Unfortunately, in real trades, everything looks completely different. Most of the traders showed results from 0% to 5%. Slightly less than half - from 0% to -5%. At the end of three months, 50% of all trading accounts were in the red.

It turns out that it is not so profitable to be a speculator. But damn tempting, isn't it? 🙂 By the way, it also refers to speculation.

Do you remember the story of the beginning of 2016 about a private trader from Kazan? On the Internet, the link to this news was circulated on all social networks. In one day, Denis Gromov lost 15.1 million rubles on currency speculation, and owes the bank 9.5 million rubles! The story is, of course, dark, but still ...

Investor

Have you noticed that they don't make films or write books about investors? About traders-speculators - please, but about investors - nothing at all!

And all because ... there is nothing special to show. In trading, in a couple of minutes they earn and lose millions, in the frame - a sea of ​​emotions, yachts, limousines and luxurious women. Reviews of the lucky ones excite and make you believe in a miracle.

Investing is quiet, boring, more or less predictable and absolutely not spectacular. Making a film about an ordinary investor is like making an accountant or a tax inspector the protagonist of an action movie. 🙂

Now, seriously. The investor is focused on receiving for a period of two to three years. Unlike a speculator, he buys either, not as a commodity for resale, but as an asset or share in a business. The investor does not assess the general situation in the stock market, but looks at the prospects of a particular organization. He analyzes financial statements companies using multipliers(profit, book value, profitability and more).

Especially lazy investors don't even do that. They don't spend time analyzing markets, companies or securities, but allocate funds between different asset classes with help. This strategy is called Asset Allocation. It takes a minimum of time, and brings profitability above the market.

How does an investor make money? On dividends and growth in the value of a particular business. Unlike speculators, investors do not use stops and shoulders. Investors reduce potential risks in a different way -.

How much can an investor earn?

Investor's goal: to overtake inflation and the market (usually a benchmark in the form) by a few percent over the long term. The Asset Allocation investor is quite satisfied with the market yield.

It is impossible to say how much an investor earns on average. Replace one asset in the portfolio with another, or take the results for two "adjacent" years - and the numbers will already be different.

Let's take a look at two investment vehicles.

Dividends per share

Let's take a stock dividend yield Russian companies at the end of 2015. By the way, there are not so few companies in Russia that pay dividends to shareholders.

• I receive income even when the share price falls or stands still
• Regular payments create additional cash flow(every year, half a year or quarter), which can be used again for investment

Government bonds

OFZ is another good investment option for a passive investor. The tool is considered the most reliable in Russian financial market... And the yield on such securities is almost always higher than the interest on bank deposits.

Income on government bonds consists of two parts: income from redemption / sale and. In the summer of 2016, OFZ traded at a yield of 8% to 12%. OFZs can be used to compile a bond portfolio, buy it at and get a tax deduction of 13%.

How to choose OFZ for investment?

If the market is expecting an increase in interest rates, then it is better to buy bonds with variable coupon yield. If the rates go up, so will the coupon yield.

On the background high level inflation, it is worth taking a closer look at OFZ-IN (government bonds with face indexation). Such securities are indexed on consumer inflation... True, OFZ-IN usually offers very low coupon yields.

Amortized bonds are suitable for those looking to generate intense cash flow. OFZ-AD are repaid not once, but in parts according to the schedule. By the way, just yesterday I was ripe.

Who is more profitable to be: a speculator or an investor?

There is no clear answer to this question. It is definitely more difficult to be a speculator. At any moment, he can earn hundreds of thousands and immediately go into negative territory. Plus, the speculator must know and understand the market in which he is trading. And possess such qualities as stress resistance, cold mind and good reaction. The earnings of a speculator can be called neither stable nor.

The investor's income is more predictable and regular (like his life, by the way). Compared to a speculator, his potential income and losses are much more modest. You can be an investor "part-time" without devoting all your free time to this. Necessary qualities character: patience, analytical mind and dedication.

As for the answer to the most main question articles: "Is it realistic to make money on the stock exchange?" - read my blog and see everything with your own eyes, and in real time! 🙂 Subscribe to updates and share links to fresh posts with your friends on social networks!

P.S. If you want to know more about the exchange, investments and trading, I advise you to look this webinar from Dmitry Mikhnov.

In this article I will try to teach you the basics of trading on trading platform... I will tell you how to correctly buy and sell in order to be in the black, and also demonstrate how to calculate the ideal percentage of maximum profit within the time frame.

Where to start trading cryptocurrency.

Of course, you will have to start by registering on the stock exchange, because along the way I will explain what and how to do, especially using my guide, you can already earn some percentage. The amount of profit will depend on the market and on the deposit made by you, which you will operate on. The risks of losing some large part of the deposit are minimized, because we will speculate within one day. So let me introduce you to the exchange.

How to top up the balance on the EXMO cryptocurrency exchange.

The fastest way is to top up your ruble wallet through the QIWI service.

I think that a huge number of people have an application with an electronic wallet installed on their smartphones, because QIWI has three huge advantages:

1. 1. Fast and easy to use
   2. Low commission in many services for withdrawing money to QIWI
   3. You will not be interested in the tax service if you "roll over" especially large sums

If you just have a credit card, and you would like to replenish the balance of the exchange with it, then you will have to go through verification. This is useful for the safety of your assets and your account as such, but takes a long time to complete.

I plan to hold a competition with a cash prize, or rather, I will send the winner a deposit on the EKSMO exchange, I will post the conditions of the competition on the forum, so join

Show article structure

Collapse post content

Earn on promotions

The easiest way is to buy the company's shares, wait until the end of the year, and receive the dividends owed. The decision on their size is made by the company's management and approved by the Board of Directors. It so happens that a company decides not to pay dividends, and the owner of a small block of shares (a minority shareholder) cannot influence this in any way.

The movement of stock quotes allows you to make money on the growth of their value

Another way to make money on stocks is to use the change in their price on the stock exchange, the movement of quotations. Investors buy stocks with a long-term perspective of several months or even years. With a successful combination of circumstances, the shares rise in price, the owner sells them and receives his income in the form of the difference between the cost of buying and selling a package of securities.

However, shares can fall in price over time, and then the investor must decide for himself what to do: sell ahead of schedule, without waiting for the price to fall even lower, or keep it in anticipation of growth.

The third way to make money on stocks is speculation. Speculators act differently. They "catch" the movement of quotations for a short period, buy and sell shares within one trading session that is, the working day of the stock exchange. The difference in the price of buying and selling is the profit (or loss) of the exchange player, the principle is the same as that of the investor, but everything happens much faster. You can make buy-sell deals of shares during one trading session as many times as you want, there are no restrictions here. Let's consider this type of activity in more detail.

To become a stock speculator, you just need to open a brokerage account

It is technically not difficult to become a stock speculator: it is enough to contact a brokerage (investment) company, open a depo account there and deposit money on it. Then you can act in two ways: either give orders for transactions with your shares to the broker, tracking the movement of quotes, or independently make decisions about purchases and sales and carry out transactions.

This is done using special trading programs installed on the computer. You can use them by getting a job in your brokerage company or by installing the program on your own home or work computer. In the second case, you will be able to trade stocks without leaving your home or office.

The technical side of the broker's activities will not cause difficulties

Working independently, you yourself, using the trading program, place orders for the purchase or sale of a certain number of shares at a certain price (in in electronic format) and follow their implementation.

When trading through a broker, you either trust his recommendations for making deals, or personally give him orders for their execution. For example, you follow the movement of quotations of securities on the exchange TV channel or on the websites of news agencies (Internet portals) and you see that the securities you have bought have significantly risen in price. You decided to fix the profit and give the appropriate order to the broker: name your account number and ask to place an order for the sale of such and such a number of shares at such and such a price.

This is the technical side of the matter. However, the content is much more complicated, that is, the very nature and subject of the stock speculator's activity.

Stock speculation is one of the most difficult types of business

This type of activity is considered one of the most difficult among all types of business, and there are many reasons for this. To become a stock speculator, you need to have the appropriate training.

It is highly desirable to understand the processes taking place in the economy and in politics, and not only in the domestic, but also in the world. The change in the price of shares on the stock exchange is due to a huge number of factors, and their influence must be taken into account. General economic and political situation in the country, macro economic indicators, the state of the world commodity markets (exchange prices for oil, gas, metals), the situation on the foreign exchange markets, the presence of geopolitical tensions in the regions of energy production, the state of business in companies that issue shares (issuers), all this and much or another moment.

The market player is experiencing enormous responsibility and psychological overload.

The market player must be a very knowledgeable, competent person who is constantly aware of the news, monitors economic reports and major world stock indices. Therefore, participation in stock speculations only at first glance seems to be a simple activity that does not require much effort and time-consuming.

The stock exchange game will require you to exert a different kind of psychological and moral stress. This is due to the need for constant concentration of attention, quick reaction, and most importantly responsibility for making your own decisions and their consequences. And this is perhaps the biggest challenge. Stock speculators experience great psychological overload, making decisions in the face of time pressure and often unpredictability in the course of events. This requires independence of thought, great composure and psychological stability.

A novice broker should not use the attracted money

Market participants buy shares not only with their own funds, but also attract loans investment company that is, they work with leverage. A beginner stock speculator is strongly discouraged from gambling with borrowed funds. You need to limit yourself only to your own money.

The main disadvantage of trading with leverage is the risks: there is always a danger of losing not only your own, but also other people's money. So that players do not get carried away with trading with large leverage and do not find themselves in debt to the company, the risk manager monitors the state of their accounts.

Gambling is incompatible with the profession of a stock broker

Trading with leverage has, of course, the obvious plus of expanding your own capabilities. Involving more financial resources in transactions, naturally, you can earn higher profits.

Moreover, you should never get carried away and play for the "last" money, you should always take into account the likelihood of a sudden collapse of quotes, losses and leave free money resources.

It is highly desirable to have another source of permanent income, not counting on the exchange income as a means of subsistence. You make a profit, you build up your account very well. Do not despair, skill and experience will come with time.

Common misconceptions about the exchange and brokerage

1. The exchange is a casino, roulette.

This myth is the most widespread among ordinary people and, perhaps, the most harmful. In reality, professional market players are people who are involved in a responsible and complex business that has little to do with gambling. Stock speculation is labor, like any other, requiring personal efforts and professional training. It is called a game only conditionally. Market players use theoretical knowledge in their work, apply various types of market analysis (within the framework of this article, we will not touch upon this topic).

2. You can learn to play on the stock exchange using virtual models.

This refers to a virtual game in which transactions are made only mentally, and profits and losses also exist only in the form of abstract numbers. The opportunity to "play broker" is provided by some sites dedicated to the game on the stock exchange. Such operations will never be compared in terms of psychological intensity with real work in the market, and therefore are simply meaningless. It is better to study with small amounts of money, but real ones.

3. You cannot make money in a falling market.

It is especially important to dispel this myth in times of crisis. Over the past year, the Russian stock market has lost about 80%, world markets on average about 50%. However, this does not mean that none of the participants in the exchange trade made a profit. There are a lot of tricks that allow you to make money even in conditions of falling quotes. The main thing is that their movement takes place, so that the market does not stand still. It is no coincidence that there is a saying among stock market players: “Trend is your best frend”.

Even in a falling market, prices rise and fall, so you can trade “from selling” - selling shares at a higher price and buying back at a lower one.

There is a short position, this is a leveraged short game: a player sells shares that he does not have (he kind of borrows them from his company) at a high price, and buys (closes the short) at a low price.

Shorts are always risky, beginners are not recommended. In addition, during the crisis, when the stock market began to fall sharply, the market regulator, represented by the Federal Financial Markets Service, began not only to periodically suspend trading, but also banned short transactions - obviously, trying to keep the market from speculative attacks on a decline. So far, the official cancellation of the "shorts" has not happened.

Positive aspects of speculative brokerage

The ability to generate high returns is an advantage that cannot be matched by any other legal investment. It is no coincidence that many large fortunes in the world were earned precisely on stock exchanges.

The ability to withdraw earned money at any time.

The ability to start working with a small start-up capital.

The ability to replenish your account at any time to any desired level.

The ability to work at home, in the office, anywhere you are (in the case of installing the trading program on a laptop).

Disadvantages arising from the conduct of the exchange game

The need to constantly make independent decisions associated with high risks.

A high degree of unpredictability of events, a lack of information, there are always people who have information that is inaccessible to the bulk of investors (insiders), which can affect the movement of quotations.

The need to pay a commission to the investment company for all transactions, and in the case of attracting loans for their provision.

High moral and psychological stress, the need to constantly monitor the situation.

The main requirement of the profession is full responsibility for their decisions

Catching up exchange operations with securities, you can significantly increase your investment. Nothing disturbs the participant stock market combine speculative, short-term operations with investment for longer periods.

You can even open two or more accounts on one, for example, trade within a trading session, and on the other (others) hold securities for a longer period, waiting for a favorable price level for you. The good thing about the stock market is that you are free to make decisions. Success depends on you, but you will have only yourself to blame for the losses.

Technology is increasingly penetrating our lives, so it is not surprising that they have not spared its financial side. With the advent of the first cryptocurrency, it became possible to trade it, but it is difficult for an ordinary user to figure out how to trade on an exchange if its course is constantly changing. Also, users have questions about how easy this process is and whether it can be learned in a short period of time.

To address these issues, experienced network traders are constantly creating new exchange strategies cryptocurrencies that help to make a profit and avoid most of the possible risks. In spite of a large number of options for implementing a cryptocurrency trading strategy, not everyone can get real profit from playing on the stock exchange. This is due to the fact that the market situation is constantly changing, new currencies appear, macroeconomic indicators change and new areas of use for promising currencies are added, which makes significant adjustments to the cost of acquiring and selling this valuable asset.

How to trade on the stock exchange and get real profit in this case? There is no single piece of advice on this matter, but there is a set of current techniques and several strategies that work regardless of the market situation. These are not the secrets of work, but the real answer to the question of how to make money on. Nevertheless, before proceeding with the main part of the disclosure of this issue, it is necessary to familiarize yourself with the base, which every trader, without exception, should know.

Trading Basics

With Bitcoin, investors will always have great trading potential. Cryptocurrency trading strategies begin with this, the most famous and first electronic currency. Despite its strong position in the market, it is also periodically exposed to large jumps, both upward and downward in price. This is the opportunity for traders to quickly make a profit. Sometimes the rate change is so significant that with constant trading, you can increase your assets several times even in a day.

The reason for the frequent change in the course is foreign economic factors, the activities of competitors and simply raising a "fuss" in the press. At the same time, it is natural that when all the details become known to the general public, the exchange rate will stabilize. Also, its cost changes after the course is corrected, which is sometimes carried out as planned to stabilize the market. Therefore, as practice shows, people holding funds in Bitcoin should not worry about their savings in the long term.

For trading or trading, situations in which the value of the currency goes down significantly are best suited. In this case, you can buy it at a bargain price and then sell it at a higher price. All complex processes of market trading are based on this simple principle in the future. The trader can only choose the time to buy and make a forecast for growth based on the statements of specialized market specialists or his own observations of the market. This is more difficult, but also quite doable.

Speculation on the stock exchange most often begins after a correction in the exchange rate occurs or information about a fall in prices from insiders appears. Using them, you can learn to distinguish truthful information from false information and in time to acquire the currency that will rise in price.

Why is this type of trading more popular than standard trading on the stock exchange? It has several great advantages:

Some people pass special courses on cryptocurrency trading, which allows them to quickly and efficiently master the world of cryptocurrency trading. Nevertheless, this is not a panacea, because such courses must be dynamic and constantly evolve in order to provide the user with the necessary amount of information and timely information about changes in the market.

Strategies based on technical analysis

This type of strategy has always been the subject of controversy in both standard securities trading and e-currencies trading. This is not surprising, because even experts cannot predict everything. Some of them believe that such strategies cannot be applied to electronic currencies, while some, on the contrary, insist that it is in cryptocurrency that technical analysis is best revealed as an effective method for finding solutions to complex problems of currency trading.

The simplest to understand strategy is the use of so-called "moving averages", thanks to which it is possible to determine the average price indicators in specified time intervals. As a result, a schedule is built using this strategy.

If it goes up in most intervals, it means that the currency is growing in price, and depending on this, you can make your own assumptions and bets on when it should be sold for maximum profit. If the chart clearly shows that the indicators are falling, then the currency is falling in price and the trader must, on the basis of this information, draw his own conclusions about the rationality of his investments in this currency.

Other similar strategies are also not ideal, because their basic problem is a too dynamically changing market situation, which is rather difficult to predict and even more so to determine using the dynamics over time with a small sample. Nevertheless, for trading with low risks and low interest rates, this option takes place.

Today, the most effective and widespread strategies are considered to be trading on pullbacks, impulses and breakouts, which allow you to get more impressive results even in a short period of time. financial plan... The Japanese candlestick mechanism is considered no less popular, which can be called one of the best options for making a profit among beginners who do not yet know too much about trading processes.

Arbitration strategy

This is the most conservative strategy for traders, which is in great demand among people just getting acquainted with the peculiarities of exchange trading. For them, the Bitcoin earning strategy is the safest and most effective, practically limiting the risks from cryptocurrency volatility.

Its essence is to simply transfer Bitcoins between exchanges, winning on the difference in value. Moreover, it is natural that in this type When trading, you should definitely take into account the cost of a transaction for transferring between exchanges, so as not to remain in the red.

Nevertheless, this principle of work on the exchange is very simple. Exchange A has Bitcoins that are $ 50 more expensive than Exchange B. While this difference holds, the trader needs to transfer his Bitcoins from Exchange A to Exchange B in order to make a profit of $ 50 minus the cost of the transaction between exchanges.

What is the reason for such a difference in cost:

• Different cost of a transaction on different exchanges, which causes a slight difference in price;
• The speed of the transaction, at which the cheaper Bitcoin can be carried out at the price that was provided at the beginning of the transaction, and at the end of the transaction, the exchange can offer the currency at a completely different price due to the high speed of the market reaction;
• High volatility;
• Different volumes in the order book on different exchanges.

As a result, it turns out that all people who want to make money on arbitrage can easily do it. Nevertheless, this method has a significant drawback - it does not provide for the possibility of obtaining significant profit when small investments, which is often a hindrance for novice investors, because in order to get large profits with this method, you need to have an account of ⅓ Bitcoin and more.

What absolutely should not be done

The features of any trading strategy on a cryptocurrency exchange imply the observance of several simple security rules that will help protect the user from unnecessary spending and complete emptying of the wallet as a result of incorrect bets:

Electronic currencies are constantly gaining popularity due to their independence, transparency and decentralization. With their help, many innovative technologies are already being introduced, transactions between users are being reduced in price, and a whole series of innovations are taking place, behind which, without exaggeration, lies the future. That is why trading on the cryptocurrency exchange is not only a way to make money on Bitcoin exchange rate quotes, but also an opportunity to better understand modern technologies and prepare for their implementation.

If you use the strategies for making money on cryptocurrency correctly, then a player in the market can make big profits. Moreover, he does not even have to initially have big deposit... To do this, it is enough to work with a small amount of money, understand how the exchange functionality works, how strategies can be applied, and try to use them on this small amount with maximum efficiency.

When it comes to investing a large amount of funds in trading on the stock exchange, you can use less risky strategies that are guaranteed to bring tangible profits, or simply leave part of the funds for the long term and use them only as your own insurance fund.

In no case should you conduct transactions under the influence of emotional stress or surge caused by trading. Many traders make a common mistake - after a losing transaction, they immediately try to "recoup" and as a result, due to their impulsiveness, they lose their entire deposit.

If you want to get your money back, then the best option for this, there will only be a new good deal at a favorable time, so even after a major failure it is worth waiting for a certain time, waiting for clear signals to enter, and only then try to rectify the situation for the better.

It is also important to consider the metrics described above. Even beginners, before taking an active part in trading, should familiarize themselves with its features and nuances. They can be recognized both through specialized resources on the network, and through the exchange itself, which is also interested in the presence of traders, because it earns commission from transactions.

The market also encourages traders, so you just have to carefully read all the information presented on the network and not make hasty conclusions, risking all your deposit on the exchange, and then you have the opportunity to quickly master all the tricks of the trade and get real profit from the transactions.

If it is difficult to do it yourself, then you can consult with specialists or simply entrust your funds to an experienced trader who will earn money to the investor at a certain percentage. This is an excellent way out of the situation, but at the same time the investor is still at risk, because trading on the exchange can sometimes bring losses even to experienced players.

Trading strategies on the exchange

Until recently, few people in our country knew about trading on the stock exchange. But today this type of earnings is becoming more and more popular. In fact, any person with funds and access to the Internet can trade on the stock exchange. The principle of trading on the stock exchange is clear to everyone. The profit is derived from the difference between the purchase price and the sale price. That is, you need to buy cheaper, sell more expensive. The difficulty lies in the ability to catch the moment of the rise and fall of prices and use it correctly in order to make a profit. In order to make a profit, and not suffer losses, you should know some trading strategies on the exchange. A correctly developed strategy will allow you to choose the right moment to buy or sell certain assets and get the maximum profit.

5.1. Margin trading

Margin trading or the so-called leveraged transactions are transactions with assets provided by a broker on credit. Many exchange traders use what is called a margin brokerage account. That is, having small amount used as a collateral for the margin, you can dispose of the large funds provided by the broker. Brokerage service or the so-called "leverage" can be different: 2 to 1, 100 to 1 and higher. What does it mean? For example, if a broker provides a leverage of 100 to 1, this means that for every dollar that you have in your account as collateral, you can dispose of up to $ 100, lent by brokerage funds. In most cases, prices on the exchange market fluctuate within small limits. Margin trading allows you to make large profits with a small amount own funds and playing on minor price changes. Not only can act as collateral for a margin loan cash but also securities. Therefore, margin trading allows you to earn profit, both in case of a decrease and an increase in prices in the market. When prices go down, the client buys assets for more than low prices using the funds received as a margin loan. Then he sells the assets at a higher price, makes a profit from the difference, and returns the loan. Also, when asset prices rise, a client can borrow securities, then sell them, and later, after a decrease in prices, purchase the same securities at a lower price, thereby repaying the loan. Thus, the client makes a profit by playing on the price difference.

5.2. Trust management

You can entrust the management of your funds and assets professional broker... He will trade on the exchange on your behalf, and you will pay him a certain percentage of the profits. This is a very convenient way of trading for people who do not have the time or opportunity to surf the Internet all day, following the situation on the stock market. Often, entrusting trading to an experienced person who knows all the wisdom and subtleties of trading on the stock exchange is more expedient than doing it yourself. A professional will ensure stable profits and minimize risks.

5.3. Technical analysis

One of the most effective and reliable exchange trading strategies is technical analysis. What is technical analysis? In fact, this is the study of the dynamics of price changes in the market in the past in order to predict the situation in the market in the future. In addition to analyzing the rise and fall of prices, the study also covers sales and other statistical data. As a result of these studies, the patterns of changes in the market situation are revealed, charts are drawn up and mathematical formulas are derived. On the basis of which the market dynamics is predicted in the future. The expediency of using the strategy technical analysis stems from the belief that all prices move in a certain direction and their change is subject to certain trends. From this, it can be assumed that since there is some kind of current trend, subject to certain laws, then most likely it will continue to develop in the same direction until this direction changes to the opposite. Also, one should not lose sight of the fact that the situation on the market largely depends on the human factor, that is, on the mood, emotions, psychological state of people. Therefore, technical analysis is inextricably linked with the study of human psychology, as well as political and economic situation which in turn affect mood. Chart price models, based on market research over the past hundred years, reflect the psychological characteristics and moods prevailing in the market. And if this model worked earlier, there is no reason to doubt that it will work in the future, since it is based on the characteristics of human psychology, which, in principle, remain unchanged.

5.4. Fundamental analysis

Fundamental analysis involves the study of the economic situation of the country, the political situation in the world, social factors, on the basis of which a forecast of price dynamics is made. The main difference between fundamental analysis and technical analysis is that technical analysis mainly studies the prices themselves and their trends, while fundamental analysis identifies the reasons that influence these changes. Fundamental analysis explores interest rates Central Banks, Consumer Demand, Domestic Growth Dynamics gross product, volumes industrial production, inflation rate, and other key economic indicators. The main disadvantage of fundamental analysis is that it is overly complex. There are many fundamental indicators that can affect the dynamics of prices in the market, each of these indicators has its own causal relationships, which can contradict one another. If you want to use fundamental analysis in your trading strategy on the stock exchange, it is better to focus on one or two currency pairs and research all the indicators that can influence their dynamics of changes in their rates.

Whichever strategy you choose for yourself, it is important that it be simple and effective at the same time. If you have already chosen a strategy for yourself and consider it the most suitable for you, it will not be superfluous to test it on historical quotes before you start using it while trading on the exchange. Remember that all strategies are good in their own way, but none will give you a 100% guarantee of profit and will not protect you from risks.

Chapter 3 Could the inkblots tell you that you are the kind of person who can make tons of money on the stock exchange? Sociologists may have no time to look for the missing jaw of the stock market beast - they are too busy restructuring Vietnamese society according to their own projects, but one