Hello Guest, if you are reading this it means you have not registered yet. Please take a second,
Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
-
Administrator
FOREX BASICS
Forex trading is a profession with relatively unlimited profit opportunities. However, you have to be aware that you will need not only knowledge and intuition, but also the
ability to work under stress and the courage to take risks. Don’t believe those who guarantee easy money with Forex, because Forex, like any other trade, requires hard
work, discipline and sometimes luck as well.
Before beginning in the Forex world, ask yourself if you have the following traits that
describe a good salesperson
A quick wit
The ability to work and keep calm under stress
The courage to take risks
Persistence and the ability to make quick decisions
If you meet at least three of these criteria, it’s worth trying, because all the rest can be
learnt!
-
Administrator
Advantages of forex trading
Make money even in times of crisis
While the stock market and commercial bank deposits are indeep depression during the crisis, Forex profits, because any
change in currency can be used to make profit. A falling market is as profitable for Forex trading as a developing one.
Work while lying in a hammock
All you need to start making money is a computer or a smart phone and an Internet connection. Your work
space and goals are up to you!
Easy rules
Unlike stock markets with tens of thousands of different shares, Forex works with 8 basic currencies which are the
centre of most trades. Moreover, there are significantly less factors that influence currency exchange rates than in the
stock market.
Take your money whenever you want
A $50 billion market isn’t just a miraculously beautiful number – it is also what ensures that you can sell or buy
any amount of currency you wish at any moment.
-
Administrator
What influences exchange rate??
Central banks
Finance circulation
Interest rates
Interest rates
State economics
GDP, inflation, debt
Sales amounts
Interest from investors
Politics
Stability of governments
Public statements
Change of officials
-
Administrator
tips for a successful start.
Don’t open many positions at the same time. It’s better to choose fewer positions, but weigh each of
them carefully.
People often forget to limit their loss and therefore have to step out of the game very soon. With the Stop-Loss
Order, you will be able to control the situation if the rates change unexpectedly.
Specialists advise against risking more than 1/6 of your free capital when you aren’t completely confident
Each good trader has their own plan, and the best make an e_ort to hold on to it. Those who have the time,
make daily transactions, others choose long-term strategies. Keep it steady
Diferentiate the time frames of analysis: weekly graphs are used to
observe trends, daily and hourly graphs – to observe the best time to open and close positions
An essential mistake beginners make is closing the transaction too soon and thus not using the full profit
potential. Trends last longer than they might seem at first
Transactions against a trend usually result in loss. Wait for a beneficial tendency and then make your move!
If you still aren’t confident about your decisions, choose a platform that lets you follow leaders and copy
their transactions
Beginners often don’t know that when trends start, they develop quickly because they are increased by traders following them.
Use trends in your favour!
Don’t hold unsuccessful positions open for a long time. Experience shows that it’s best to close them
early and move on to others
-
Administrator
Best Hours for trading
Although the Forex market is open 24 hours a day (except on
weekends), there are hours which are better for making transactions. It’s
the London session, which is the most active period, and the time
when the London session overlaps the New York session.
-
Senior Trader

Originally Posted by
Vishnu
Best Hours for trading
Although the
Forex market is open 24 hours a day (except on
weekends), there are hours which are better for making transactions. It’s
the London session, which is the most active period, and the time
when the London session overlaps the New York session.
So true, London session is my most favorite one because of volatility. Basically I get most of the entry points on this session. Although, I have no problem on others session if I get good entry point according to my trading system.
-
Trader
A fundamental thing I have learned through experience, and no amount of books or talking to other traders could teach me this, was the value of getting out of the market when your reason for getting into a trade was invalidated.It is very easy for traders to think the market will come back around in their favor. You would be surprised how many traders fall prey to this trap and are amazed and heartbroken when the market only presses further against the direction of the original trade.
https://forexsteam.com/
-
Junior Trader
For sure, getting out when the price is going against you is very important. Many beginners fail just because they avoid to set stop loss and hold losing position longer than it is neccessary. It is much more comfortable to close losing position and look fo new trading opportunities.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
Powered by
vBulletin® Version 4.2.4
Copyright © 2019 vBulletin Solutions, Inc. All rights reserved.
All times are GMT +4. The time now is 01:52 PM.
Bookmarks