Six tips for the novice Forex traders
Now that we know 'What is a money market (Forex) can start with the following advice:
1) The first thing you have to do is you open an account in the capital market (forex account) will be you have to fill out the form with a margin of both sides provides that the mediator would be right to interfere in any process of exchange prove to be of high risk, including that most of the exchange is using the money it makes sense that the mediator is the mediator of this protection of his interests with the knowledge that once you open the account can be funded and begin to trade in the capital market.
2) Adopt trading strategy has been proven successful and always remember that theories or strategies will work differently depending on the client. Therefore does not adopt any strategy to achieve good results as with any other dealer. It is possible to come by you that backfired and the available methods of analysis or technical analysis fundamental analysis. Mixture between the two is the preferred method for traders with practical experience.
1) The first thing you have to do is you open an account in the capital market (forex account) will be you have to fill out the form with a margin of both sides provides that the mediator would be right to interfere in any process of exchange prove to be of high risk, including that most of the exchange is using the money it makes sense that the mediator is the mediator of this protection of his interests with the knowledge that once you open the account can be funded and begin to trade in the capital market.
2) Adopt trading strategy has been proven successful and always remember that theories or strategies will work differently depending on the client. Therefore does not adopt any strategy to achieve good results as with any other dealer. It is possible to come by you that backfired and the available methods of analysis or technical analysis fundamental analysis. Mixture between the two is the preferred method for traders with practical experience.
3) must be understood that the price is moved by the trend in the capital market there is a famous saying ".... is a friend "There are confirmed after the movements that have been studied on the passage of years and that would know the model describes the trend and these points need to be fully understood until can you exchange a good understanding of strategy. Values of the Mini ($ 25 000 and less) by exchange trend will help to improve the odds when compared with two-way exchange. Most beginners will look for any opportunity to trade, although it must do by trade trend
4) Make sure you know the basic five groups working in the international exchange are: (U.S. $ - ¥) (CHF - U.S. $) (euro - yen) (euro - U.S. $) (pounds sterling - U.S. Dollar)
5) for beginners are advised to be constantly Bhsabin mm and learn the game and exchange transactions. Do keep the account is real and that you will use in exchange for money the truth and the other is a trial version which can be used to test the coefficients alternate in the game of exchange you can simply use the account the pilot to be similar to the expense of the original (light) in order to be able to know the calibration and Agafatk and Tpadlatk so you know if you working Bnmtih severe or not.
6) Always follow the appropriate chart your transactions every hour and every 4 hours every day and you can trade out the intervals 15 minutes and 30 minutes. And to ensure that all work requires experience and skill.
