Hai sing it I want to share my tips play Forex trading
1. Create planning and overview of forex trading. Kriterianya, you have to know when: open position How numbers Stop Loss Take Profit & ' ideal '.
have a financial management strategy (money management). This is related to how long do you trade in a month, how your account security level against the risk of loss, when would pull funds, when adding funds, and allocation of income to savings, investment and consumption.
2. Set the trend as a sidekick to your forex trading (Trend Follower). Never fight the market trend (though not including mandatory rules). If prices are rising, you can put a Buy position and vice versa if the prices are going down then you can place a Sell position.
most people often take the opposite (counter trend) and often wrong.
3. Preserve well Your stock carefully &. Don't let your capital up to $ 0.0. If indeed loss, try to keep 10-50% of your capital, so in time to add funds or injeck, or the Dollar Amount deposited is not too large.
Imagine if you had to add funds for Forex trading as a result of your loss. If in the next two trading three times already spend 20-40% of the capital due to the loss, stopping for a moment.
Hold yourself to open a new position. Do not be conformed to yourself to "revenge" or "want turnover". Try and soothe your head.
Stacking Your forex trading system back on the Demo Account. Set aside time 3 days-1 week to try forex trading system in Demo Account. If it is unsteady, please go back to the Real Account.
4. knowing when it's time to dispose of "poison". The term poison is a Buy or Sell that has opened has been floating (floating position/not yet closed) position minus the negative or larger.
Say if Buy GBP/USD you are-150 points in a span of 2 minutes, does it still deserves to be defended. Or if the position of the AUD/USD already minus-100 within 20 minutes, is it still lose-sweetie??! Ah, the price is right back again later. Well, if the price of turning-turning ndak, we are so "poisoned" himself, both mind and body. We can physically ill if thought of a position that has not been closed to reach 200 points for example.
Remember, find money now rather difficult well. Kalo ndak productive already within 2-3 hours, well have to amputated/Cut Loss. Cut, remove an already bloated & unproductive. What else would make the position of staying more than one day with the hope of profit the more well and also got a premium interest, mandatory law put a Stop Loss.
our suggestions, if you wish to continue tomorrow, put a Stop Loss of 200 points point Your open positions. Just use the facilities if Trailing Stop is provided by the trading platform. Plan Your Stop Loss as early as possible. These days, the price movement for Euro & Pound reaches 200-400 points per day.
specify the ideal initial capital & Stop Loss You with situations like that. 5. do not
emotion. If you have already reached the target of daily or monthly, immediately out of the market. Don't be greedy. Avoid the fear.
well this is related to Tip No. 6, be informed. If you already know how far prices can move with the technical indicators, do not seek fundamental & disease. Please feel free to place a Stop Loss or Trailing Stop to limit losses. 6. Be
smart & informed. Instead intends to support one of the private TV, but rather be a smart trader. Clever here is have the basis why should Buy and why should Sell.
meaning, you should research the market fundamentally and Technically. Open daily news from Tdameritrade.com or Forexfactory.com. Adjust the date by which time time & you are.
7. Immediately write your trading on a trading journal. Make a note of your daily profit/loss. Note also their causes are, why and why the loss of profit. My Trading Diary.. ...
8. When a price or a little sideways movement, do not enter the market. Bottom line if your own conscience in doubt, how about trading forex You. Ibaratkan just your Forex Account as a car that brings You profit/gain. * Does not apply to those who are indeed many specialties at a time when market sideways! 9. don't
forex trading too much or excessive. In one day, for a maximum of 10 times the position of the scalper. For you are good up to 2 Daytrader position and Swing Trader over a bit longer. Remember, the condition of technical analysis Forex fundamental & which often change-change from time to time.
10. Never Give Up. Don't give up. .. don't ever give up. Loss on Demo $ 5000 in 1 months, try again at $ 1000. Loss, sign in again at $ 3000, etc.
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