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How to Be an Expert in Forex Trading: Some Tips
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ema123

Biedrs kopš Feb 02, 2017  22 ieraksti ema123 Mar 15 2017 at 09:45
In order to be an expert in trader one should:
• Study well about the forex markets and learn a specific strategy. Test the strategy in demo account for some time and then move ahead.
• Make sure you are prepared to enter the markets.
• Maintain a trading journal and note down all your mistakes that led to losses in your trade
• Don’t lose temper and get vengeful if you lose a trade
• Have a proper trading plan while you make the trades

penelopeisla

Biedrs kopš Feb 20, 2017  5 ieraksti penelopeisla Mar 22 2017 at 07:51
If you choose to buy an option for a currency pair, you gain the right to buy a currency pair that has a set rate before it reaches a certain set point in time. On the other hand, futures contracts obligate you to buy the currency at a set point in time. Both are utilized by advance traders and those who are more familiar I the market, but that does not mean you should neglect the important to familiarize yourself with these techniques.

Petrov3

Biedrs kopš Oct 03, 2016  8 ieraksti Petrov3 Mar 23 2017 at 07:58
Do not rush to make decisions.
Forex things can develop at a great speed (especially in intraday trading), but that does not mean that you have to make decisions lightly. Take the time to think about each buy or sell order you make, and if you do not feel comfortable with what you see, turn away. It is better to miss an opportunity than to enter a position that will surely give you losses.

sebastian4

Biedrs kopš Oct 05, 2016  10 ieraksti sebastian4 Mar 24 2017 at 07:07
Currency trading or Forex are not difficult to understand, the basics can be grasped by most people, but understanding how something works is not the same as knowing how to use it, for example, Forex trading can be easy to understand but There are many complex details that need to be discovered if you want to be at least proficient in Forex trading.

hugol

Biedrs kopš Oct 09, 2016  15 ieraksti hugol Mar 26 2017 at 07:05
A tip .. First of all to know the basics, understand what fundamental analysis is (a method that tries to predict the intrinsic value of an investment.) It is based on the theory that the market quotation of a good tends to move towards its ' Real value 'or' intrinsic value '), technical analysis (it is a method of evaluating assets through statistical analysis generated by market activity, such as past prices and volume), types of contracts and their maturities.

gustabofx

Biedrs kopš Oct 12, 2016  12 ieraksti gustabofx Mar 26 2017 at 07:24
Set goals that fit your style. As mentioned earlier, Forex trading is an art. And there are no two artists who can paint a painting in the same way. Draw a map to reach your goals. Persistently study the market and industry experts to understand their strategies. This will help you forge the path to success.

danuska

Biedrs kopš Oct 19, 2016  8 ieraksti danuska Mar 26 2017 at 07:30
It is important to choose an appropriate broker. Make sure that the company you select meets certain basic requirements, such as reasonable transaction costs and implementation of operations of the best category. Similarly, keep in mind that the larger the broker, the higher leverage levels will offer. With a suitable company, you will be able to operate as much as you want and you will never have problems in withdrawing your utilities.

oscarbc

Biedrs kopš Oct 21, 2016  9 ieraksti oscarbc Mar 26 2017 at 07:32
Risk little, lose little
If you are a beginner who has just made his first deposit, he risks a low percentage of your capital. Never bet everything. Make sure you can withstand trading losses and get back what you lost.

mlawson71

Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 Mar 28 2017 at 10:34
oscarbc posted:
Risk little, lose little
If you are a beginner who has just made his first deposit, he risks a low percentage of your capital. Never bet everything. Make sure you can withstand trading losses and get back what you lost.


I firmly subscribe to that approach. True, if you risk more you can end up with a bigger profit, but a loss could hurt you a lot worse.

Griffiths

Biedrs kopš Mar 29, 2017  1 ieraksti Griffiths Mar 29 2017 at 10:47
oscarbc posted:
Risk little, lose little
If you are a beginner who has just made his first deposit, he risks a low percentage of your capital. Never bet everything. Make sure you can withstand trading losses and get back what you lost.


Yeah money management is the single most important thing for a trader it doesn't matter newbie or experienced one.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.