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.
pcm brokers pcm brokers pcm brokers
Results 1 to 8 of 8

Thread: FOREX BASICS

  1. #1
    Administrator
    Join Date
    Apr 2018
    Posts
    145
    Post Thanks / Like
    Credits
    476
    My Language
    English

    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!

  2. #2
    Administrator
    Join Date
    Apr 2018
    Posts
    145
    Post Thanks / Like
    Credits
    476
    My Language
    English
    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.

  3. #3
    Administrator
    Join Date
    Apr 2018
    Posts
    145
    Post Thanks / Like
    Credits
    476
    My Language
    English
    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

  4. #4
    Administrator
    Join Date
    Apr 2018
    Posts
    145
    Post Thanks / Like
    Credits
    476
    My Language
    English
    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

  5. #5
    Administrator
    Join Date
    Apr 2018
    Posts
    145
    Post Thanks / Like
    Credits
    476
    My Language
    English
    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.

  6. #6
    Senior Trader
    Join Date
    Mar 2015
    Posts
    449
    Post Thanks / Like
    Credits
    135
    My Language
    English
    Quote Originally Posted by Vishnu View Post
    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.

  7. #7
    Trader
    Join Date
    Apr 2016
    Posts
    45
    Post Thanks / Like
    Credits
    111
    My Language
    English
    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/

  8. #8
    Junior Trader
    Join Date
    Oct 2018
    Posts
    1
    Post Thanks / Like
    Credits
    0
    My Language
    English
    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.

  9. ARIONFORXtarder
 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2018 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 04:16 AM.
CompleteVB skins shared by PreSofts.Com