Ping your blog, website, or RSS feed for Free

Sunday, June 9, 2013

Important tips for beginners in the forex currency market

I wanted to give you some important tips in dealing with the Forex currency market

Market is open around the clock and you can buy and sell and you're in your bedroom or office or even in your car, but .. You must be aware of what works and be warned at the same time.

1.Do not you think you know everything about Forex Once you know using the trading platform, orders and opening or closing deals, but Search and Read for the market and analysts analyzes and follow the news that positively and negatively affect the market movements.

2.Do not concern yourself with all the market will not know everything in the days or months and may not even be in the years .. Initially interested CLASS or two or three varieties so much and no more than that and continued news of these items carefully and follow what you write about in the relevant locations.

3.Do not open the package more than 2.5% two and a half percent of your capital so you do not have to sell at a loss in the event reflected the market trend is known that the market lasts the case if hostel for example, and you sure will wait for days or even weeks or months to return the market to rise.

4.Do not open more than one transaction, never say such an opportunity does not come opportunities in every moment Wait until sell what you have until not afford Margin a more than necessary and forcing the market to close your position at a loss or add other funds.

5. Do not open the package in the opposite direction of the market, if the the market downtrend Take sale if the upward Take purchase means swim with the current not swim reversed.

6. If earned the gain suitable closed the deal and do not wait movement is fast and volatile market.

7. If you have opened the recommendation of the deal and there is a certain goal put you to target less than that goal, it is likely that the market is not up to him but is speculation based on some information may succeed this market.

Best wishes for all success and luck

No comments:

Post a Comment