Forex tips

[fututraz11]

I've learned some forex tips that I would like to share to beginners:

• Stop-Loss guaranteed: to be sure that it's not "around", nor "near", but rather exactly on the rate as you defined.
• Full control over your funds: can you control your funds from anywhere, at any desired time? Is it really 24 x 7 x 365?
• On-line currency rates: are the rates shown the most updated rates? Is it powered by reliable providers?
• Commissions and hidden costs: is the trading at your Forex dealer’s site clearly visible and well informed? Are you paying commission on withdrawals? Are you paying commissions on the trading forex?
• On-line Chat or phone contact: are their dealing forex room experts available for your phone calls? Do they offer free numbers and chat services?

Please share more to make it useful for forex traders!!

 

[Fxpipper]

Nice! Would like to add to the above..
- Do not use automated programs or Expert advisers until you are sure that they work [check them out with a demo].
- In case you are using a VPN, make sure that the VPN does not come with unscheduled downtime..double check their ratings with independent review websites.

 

[Jakinda]

Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.

 

[Fxpipper]

Have always wondered whether scalpers started out this way. To be fair, large trades can go either way especially if you are new to the game. Given that, new traders have little option but to start small unless they have a healthy account to start with [$5000+]..

 

[hag.fx]

I've been doing some tests in DEMO accounts, I'm realizing that, for making money in forex market starting with a small account you must be a kind of juggler, too hard! And profits are small instead...

 

[Fxpipper]

Yeah, it does not make sense to open a live account [if you are a newbie] and dump thousands of $. It is better to start with a demo, learn about the market, move on to a small live account.
The catch, small accounts [mini, micro, small lots] with 1-2% MM does not translate to great profits. But it still works as a valuable learning tool and with some good trades, experience, you can increase your account balance.

 

[Eugene]

Your points pretty interesting fututraz11... As i were a beginner i learned good advice on trade... Thank you.

 

[jakir0079]

I think Forex is the best trade in the world and Forex is better than other business. Forex is the best online business in the world. I believe Forex is a risky business but it is profitable business for all traders. For this reason Forex is a popular trade in the world.

 

[Fxpipper]

Forex is profitable as long as you know all about forex trading. And keep this in mind, the market is unpredictable at the best of times, e.g, Euro

 

[asadmoon]

Euro Vs USD

Any body tell me Euro going to too low position why and tell me when make Euro original position.

My guess Euro going to final 0.1900 then euro going to up maybe 1.3500 this is my analysis any body tell me your guess.

 

[angelnish]

Knowing when and where to pull the trigger every time is important whether the market is moving in my favor or against it. It helps me maintain a healthy respect for the power of the market, and keep me from letting my emotions dig me in too deep.

 

[Samuel23]

I've learned some forex tips that I would like to share to beginners:

• Stop-Loss guaranteed: to be sure that it's not "around", nor "near", but rather exactly on the rate as you defined.
• Full control over your funds: can you control your funds from anywhere, at any desired time? Is it really 24 x 7 x 365?
• On-line currency rates: are the rates shown the most updated rates? Is it powered by reliable providers?
• Commissions and hidden costs: is the trading at your Forex dealer’s site clearly visible and well informed? Are you paying commission on withdrawals? Are you paying commissions on the trading forex?
• On-line Chat or phone contact: are their dealing forex room experts available for your phone calls? Do they offer free numbers and chat services?

Please share more to make it useful for forex traders!!

Thanks for sharing these tips with us as it is really helpful. However, there are many traders who build up plan and strategies in Forex and they will always follow their rules. I am quite similar as i prefer looking for my strategies. It is really good that you shared such useful tips and am sure you will have some followers!!

 

[ezrydn]

A couple of things. First, ANY business is RISKY if it's yours. Any number of reasons can shut you down. Forex is no different. You just have to refine your business model to conform to your trading technique.

Secondly, an overlooked item. How many of you have spent considerable time watching a "tick chart?" There are many covert signals given as to price movement, before the fact. Take some time, find a volatile chart and watch it. Note movements, squish-squash movements, pauses and chart shifts. There's a lot of un-noticed info there.

 

[othman]

In my opinion the forex is a good option and business in the world , but this area have some risque , because with risque yo can learnd with them and you can make a good profit and the futures

 

[Samuel23]

A couple of things. First, ANY business is RISKY if it's yours. Any number of reasons can shut you down. Forex is no different. You just have to refine your business model to conform to your trading technique.

Secondly, an overlooked item. How many of you have spent considerable time watching a "tick chart?" There are many covert signals given as to price movement, before the fact. Take some time, find a volatile chart and watch it. Note movements, squish-squash movements, pauses and chart shifts. There's a lot of un-noticed info there.

Great and it a really nice tips. Thanks lot for sharing and a pretty sure it will help many Forex Trader around here. So if anyone of you do have such useful tips, please share it with us! Have a great trading

 

[Samuel23]

In my opinion the forex is a good option and business in the world , but this area have some risque , because with risque yo can learnd with them and you can make a good profit and the futures

We cannot learn from Risk in this field but we can surely learn about Risk & Money Management. We will be able to deal with our investment effectively and control our money when it comes to trade. This is the first and i would say really important thing we should do to learn Forex.

 

[GTOptions]

Forex is always a profitable business if you have good strategy and decision making capability. Try to change your decisions and strategy according to market situations, this will help you in gaining huge profits.

 

[Rubyisla]

For new forex traders, it can be difficult for them to develop their own trading strategies because they do not have vast knowledge in the forex markets. Here are five great forex tips that novice traders can follow to achieve success in forex trading.

1) Right attitude
2) Right method
3) Right discipline
4) Take the risks
5) Trading in isolation

 

[Maria08]

The best way to trade safe is to trade on longer time frames with higher pip value as your target and trading always with low lot sizes. If you day trade then you have to deal with the daily news that are impacting on certain currency pairs.

But if you trade on longer time frames then these little spikes that happens due to news will not effect your trading and you will be making consistent profits on daily basis with less risks involved.

 

[Alan58]

Thank yiou guys for the very useful tips.