Advice You - Finance

Maybe you've heard a lot about how profitable forex trading is and want to make a living by being a forex trader. My advice is DON'T -- before you're able to continuo

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

usly make a steady profits in your trading day. For most traders, his / her emotions are their most enemies that keep them far from begin to steadily profiting in the

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ir trades. The most problem is we can't just waste away those emotions from us. In order to overcome our emotions, we have to have a solid self management program to

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

increase our emotional maturity. (According in my perception) There are 4 area to consider while dealing with our psychological aspect as a forex trader; fear, greed,

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

safety, and confidence.

Fact 1. Not everybody can normally work or stay calm under pressure. The pressure within forex affects trader stress in various levels. What

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ever system that applied in our trading, there's always a probability of winning or loosing that can't be predicted. Some traders may still psychologically unaffected

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

whenever he win $100 or loosing $300. But others may begin to panic when loosing $10. Size does count in affecting our emotions. Ask yourself, “can you afford that a

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ount of money in your trade?”. Not placing a trade against the odds with money which you can't afford to loose is your step to overcome your fear in trading.

Fact 2.

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

Many traders are gambling with their trades, take a frequently short term trading and using a high leverage in order to achieve higher profits. If you're one of them

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

, it means that you've swallowed by your own greed. Immediately change your risky trading behavior! No matter how much you're winning right now, that behavior is just

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

carrying you to the end of the road to ruin yourself.

I didn't say that short term is a bad strategy. But too much short term trading in one trading day is disaster

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

. By my own experience 2-4 trade in a day is fair enough. Leveraging the trade isn't 'forbidden' either, but don’t over leverage. Below 10:1 are consider as a safe l

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

evel, up to 50:1 are risky but still fair enough, and above that is just another disaster.

Fact 3. There is no certainty in the forex market. In the real world, peop

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

le feel unharmed and emotionally stable when knowing that there is a safety mechanism to protect them. In your forex trading, use your stop-loss order wisely to ensur

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

that your trading is safe enough and unable to harm you badly. I use to set my stop-loss order by the 2/3 ratio to my trading goal. i.e.; when I set my trading goal

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

to reach 15 pips of profits, I set my stop-loss order at 10 pips of loss.

Fact 4. People do need others. When you're in doubt, try to ask help from others whether th

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ey are other traders, forex experts, financial planners or maybe your partners. A combination of your own conclusion and other opinions are the finest way to make bet

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ter decision for your trading. Do not over confidence, but don't be over hanging either. If you're still unsure after hearing others opinions, DON'T trade -- your ins

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

tinct is worth to follow. There are always another time for you to trade later...

Happy Trading, Octa

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elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

forexocta.blogspot.com

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tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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