Friday, October 7, 2011

Advice to a beginning trader forex

If a person decided to do this business, as trade in financial markets Forex, the first thing it must be a person who does not need any advice. He should understand that the market comes to risk their money, their capital, with a view to profit. And it must be a reckless risk and the risk of deliberate.

If a person decided to become a trader forex, then he should understand that he would risk certain amount of money he spent on his training and he is its most likely lose. In addition, to become a successful trader, one of the top tips - a must lose in the Forex market large enough (but not ambitious course) the amount to develop a psychological resistance to change attitudes toward money. Only in this way can we talk about how to become a trader in the Forex market. Should not expect that there will be a trader without loss, all comes with experience, so get ready for the losses.



What we can give advice to those who decided to go the way of becoming in Forex? To begin with get to know the market, trading on a demo account. Open a demo account in which a broker and start to get acquainted with the market. Parallel to master the theory that bigger is better. And more practice. Try to use different strategies all in practice. Discover different demo accounts. Learn, and once again - to learn. Start reading analyst. Watch as reflected in the output of any news on the market. This is the first lesson.

The second lesson is to open a mini forex account. You do not learn to trade, until you start trading with real money. The fact that the deme-account trading is not interesting, who would neither spoke. And the real money started to lose money you will quickly learn. Each drain of the deposit, apart from the mass of unpleasant experiences force you to analyze and work on their mistakes. If you lose your demo account, you will get a new easily. If you merge a real account, then you seriously think that you made a mistake. Only in this way you can come to the discipline. It is a discipline lies the path to success in the market. Learn discipline, you learn and everything else. It will be easier to analyze, you will be able to absorb a mass of information, you will learn how to correctly apply the strategy.

Next, you as a trader forex is not exactly going to need advice. Although there are several subtle points. The first thing you need to remember that not all brokerage and brokers will be honest with you, especially if you start earning. Second, do not take any intelligence and forecasts: read more and think more. Analyst forecasts and there in order to sanctify the markets analyst eyes and give you food for thought. Looking at the beautiful pictures of the technical analysis, you will not learn how to trade. You will learn how to trade only if the images themselves will learn to draw, as you will understand what it means this or that line or indicator. And the most important advice - more practice on the stock exchange trader forex, you need to learn to see what's happening in the market, do not believe in the nonsense about a random process - the market is deterministic and easy to predict. It is difficult to see the situation and its time to notice the change.

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