This is often the most common question asked him of forex trading for the first time. This corresponds usually answers analytical varied and complex, while his answer must be a question directed to the trader likely "How much you have to lose?" In fact, this question tough to re-drafted "What amount of money that you can afford to lose in your first experience in the world of Forex, which will not affect your benefit or interest of your family? "
Yes, the world of Forex is full of profits, but we are in the company FXCC do not recommend anyone to enter this world without starting first calculates Forex Free Demo understand the nature of this market, do not want you put one dollar before being able to understand the market Forex Trading If you want to open an account Forex real can be found at the link
A first advice is taken from the question how much you have to lose is not advice traders usually hears. The absence of such advice from all the material presentations for forex brokers and corporate sites margin plain and clear. Despite all the warnings in respect of regulatory compliance rarely warn participants in trading. The accounts of companies are including mini FXCC which also provides Currenex part of a package mini accounts, but no mention of tips about the amount of money that you put in your account first.
Some companies allow margin for the amount of the value of trading a mini account or Micro for a short initial period is usually 6 weeks. This time passes in a flash for the trader who learns new skills. The average time required to move from merchant professionalism to the stage of making money is two years, so 6 weeks does not provide you the opportunity or the time to rise Bmistoak the stage required to comply with a set of tests that you experience during your trading in the market.
The ideal situation would be to open a new account (trader) the least amount of money allowed by the company. If this figure was 500 dollars or euros do not hesitate to open an account because of new traders account should not exceed this figure. With this method effectively traded and will not venturing more than 2% per package. Should not venturing more than $ 10 per package.
Surprise that the company FXCC accept the filing became real account with only $ 50, but warn the currency market is a very volatile market you can convert them to $ 100 or losing, so it is always better to learn trading forex free demo account provided by the company FXCC.
Unless the trader unusually talented, this first account is likely to lose its value before the test success, probably will disappear from the market. Do not look at it in terms of percentages. If the loss occurred on 50% do not strain yourself mentally After everything that happened you practically lost $ 250 only. Instead of blaming yourself on this small loss, Praise yourself to Thalik the in intelligence and foresight and self-control to risk this small amount initially. Go ahead to lose 50% of $ 5,000 or 50% from $ 500 at the beginning of your journey in forex trading?
You must put all ideas on profit-aside at the outset. Instead of running yourself that you have to focus on the question: How much time will this account? How long it will last if it took 5 max deals every week and worked on a risk reward ratio of 1:1 as part of a trading plan do you have? If tested as the number of losers or winners twice, your account will last 6 months. During this time will be gained experience.
If reached the break-even point (BRIC Ivan) after a series of transactions traded sequential and after the layout of your positions and your trading according to plan then will be developed skill necessary and Bamakink to feel confident to do the next step is funding your account to move to the stage that you can where progress on your journey towards a profit. But all this starts from the small step of financing that little account. Why do you need to start trading Forex? Much less than you expect if you conducted yourself and risks in an appropriate manner and set attainable goals short, medium and long-term.
No comments:
Post a Comment