Recommendations for forex trading.
Currently, Forex trading has gained a huge popularity, every day there are new comers to do online trading, but they do not realize that in practice is not so simple as in the brochures brokerage firms. That is why most novice players are left without money on the first day of trading.Forex recommendations - nothing more than a brief list of the most essential tips for trading in the forex market, they will be particularly useful for beginners.
I will in this article are some simple forex trading recommendations, which will not allow you to merge the deposit at the initial stage of trading. .
If you follow these guidelines, the risk of rub initial capital is reduced several times.
1. Trade only with reliable brokers - a judgment that specifically interfere with the brokerage company to sell its customers, has not baseless. Most unpleasant experience due to technical failures and latent conditions of trade, so it is better to open an account with already established itself dealing center. The experiment with the newly appeared companies lured traders fabulous terms of trade.
2. The volume of trade - the main mistake beginners is that they want to make a lot at once. In this case, choose a huge leverage in relation to their deposits and as a result of the first rate fluctuations it is drained safely.
Start trading with a leverage of no more than 1:50, only after months of work start to gradually increase its size depending on the chosen strategy. The longer the duration of the transactions, the less leverage.
3. Trade in the afternoon - in the medium and short periods of time, while constantly monitoring the status of open orders, the most attractive option in this case is an hour time period.
4. Do not forget about the stop-loss - only it will protect your deposit of the total discharge, expose it right after the opening of the transaction, never neglect this Council, that this recommendation is retained by forex drain most of the deposits.
5. Trade with the trend - its definition, use indicators determine the trend, do not open the deal when pullbacks against the main motion, you do not always guess the beginning of the rollback, proven by experience.
6. Check the developed strategy on a demo account - only after this proceed to real trading.
7. Take a break - after three unsuccessful transactions always take a break in trading, during which analyze their mistakes. Or maybe just luck turned away from you, and we must give it time to think again, sometimes it helps.
8. Relax - after working hours in the foreign exchange market always give yourself a break, just rest to evaluate the trading results and draw the right conclusions for future work.
9. Keep track of - all the important points, at what time you opened a successful or unsuccessful transaction, on which day you are more fortunate, as a rule, any luck in forex is reasonable and as a result you find interesting patterns.
Well, the main recommendation - do not sleep immediately open a real account, intends to compete on a demo and learn at least the basic laws of the forex market. Haste in this matter is very expensive.
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