Forex, Guest Blogger, Make Money Online, Tips & Trick

Well, you’ve decided to get into currency trading. That is great, except for the fact that there is a ton of information and you have no clue where to start. No worries, currency trading tips are here! Listed below are some tips that will help you get started and organized so that you can become a successful currency trader.

One thing all Forex traders should avoid, especially beginners, is to trade in think markets. Think markets do not have many people trading in them and if your money is invested in them, it can be hard to liquidate your investments when the time comes. Stick to the major markets which are more reliable.

Start your forex career with small amounts of money and low leverage. This will let you get your feet wet without losing your house. As you start to make a profit, reinvest a portion of it into your trading account. Try to not add more of your own money in past your initial starting investments.

When trading on your Forex, always be educated about your risk versus reward ration. This is an extremely important piece of math to consider. The amount you are trying to gain should far exceed the amount you will potentially lose. If you could potentially gain 30 but potentially lose 25, this is not worth the risk.

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Forex, Guest Blogger, Tips & Trick

Attempting to trade currencies can become very complicated. There is definitely a lot of lingo you must be privy to, and that’s not even touching on the other knowledge you need in order to succeed. Find out about what it takes to achieve financial success in the Foreign Exchange Market with these tips.

Learn the technical language used in the currency trading world. When reading informative forex news articles, there may be terms used that you do not understand. By keeping a glossary of commonly used forex terms at hand you will be able to quickly find out what the terms mean and the greater your understanding of the news articles will be.

There are many automated Forex trading systems on the market. You will get a lot of results from any search engine. Automated systems are making their mark and are highly popular. This type of technology enables you to turn profits and approach a more diversified trading method.

You can always stand out of a trade, you have that personal right. If you are doubtful about your position of a trade, it is best to stay out of it. If you do not have enough information to make an informed decision, it’s better to sit out of the trade than to make risky uninformed decisions.

Forex is very unique in that it is one of the few international exchanges in existence. It is open twenty four hours a day and you are competing against people from all over the world, many which may have higher intelligence and experience than you at the game. Make sure you are completely comfortable with how things work before you “step into the ring” as it can be a financial downfall for you if you aren’t prepared.

Successful currency traders enjoy trading. If you spend most of your days with sweaty palms and indigestion from staring at your trading platform, then something needs to change. If you are stressed out with trading instead of calm, you are more likely to make poor choices. Relax and enjoy the process!

The best forex trading methods are also the simplest. A more complicated trading method is not more likely to be successful than a simple one. All a complicated trading method will do is confuse you, leading you to mistrust your plan, overextend your account, and eventually suffer major losses of capital.

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Make Money Online, Tips & Trick

Confused on how to open position daily, buy or sell? Let me tell you my another strategy to win forex daily. This strategy has been tested (real) by myself and the result is as you know, it’s profitable 🙂

ist-ress

I named this strategy is “wait and see” in short time frame chart you mostly can not predicted price movement it’s sometimes goes slowly but in short time it can be wild by jumping or down 50-100 point. You loss? Learn and don’t loss again!

First before you start, look on daily forex recommendation read the prediction, mostly this prediction accurate but not 100% guaranteed. Now look the market time, and lastly read the news from trusted source. After you understand this step take a look on daily chart, I recommended to use Candlesticks to help you easy reading the chart.

The point in here is you should know and understand character of pair, ex: GBP/USD 200-500 point daily, EUR/USD 150-300 point daily, etc. Now wait and see, in this sample I use candlesticks (black down white up)

daily-chart

In next 4-12 hours you will see the price movement in daily chart, if it goes up in top candlesticks position and market not open yet don’t open any position. BUT, if it goes up in top position and market open just waiting a moment when price not in top position then open position following the Candlesticks trend! (do same in down trend also) the safest next point target is 10-50 points, you can get more point if you have good prediction but I’m not recommended if you’re not really sure where the price will heading.

The key to win in forex mostly is margin management, if you have a lot of money you might will always win in forex. not mean little money would not win, again the key is margin management use 1-2% from your total margin to open position, the different is lot money should win lot, and little money will only win little. Again, play with safe margin calculate everything first.

Good luck 🙂

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Simple, but not much people know about this strategy. In Indonesian version people called this “teknik jepit” cause it actually locking your profit point even market moving. This strategy good for people need to targeting their profit daily. But, I recommended to don’t much hope on targeting your profit point.

To do this strategy you have to learning about good time open position and accurate calculating, EX: In simulation, You profit 100 point then you want this profit keep safe, you have to locking it with same margin quantity and different position to holding it keep balance and waiting market out from your locking area, then you can close it one by one or in same time.

Look on this chart:

forex-locking

I give red square block on each locking position, once you profit and lock this position you have to patience waiting the market out from your zone, if you close it in middle you might not get maximum profit but 4/3 profit point from total used margin. That’s why this strategy only GOOD for little movement, don’t use it on high movement.

To learn more about best time to open and close position I will write it in next article, you need to use 3 indicator in this point. Parabolic SAR, Fibonacci retracement and Bollinger bands.

Wanna try this strategy and prove it? join marketiva through my sidebar banner and try with virtual money first or using your FREE $5 bonus until you confidence.

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Another my simple strategy to win forex daily. Patient, unlimited margin, and smart analyze is the key to win. Use Parabolic SAR indicator and FIBONACCI indicator for prediction. Beside this indicator you can read people prediction and read some TRUSTED news source.

Here some important point you have to look before you’re going to open position:

  1. Looking on daily chart and weekly chart, to see what major trend are still valid.
  2. Looking on 1 hour chart and 4 hour chart to open best position following the major trend.
  3. Always use 1% margin to open buy or sell position.
  4. If you win, each 100 point open same position following your first position. Until 1.000 point you have to close all your position to safe your profit.
  5. If you loss, each 100 point triple your margin and open position not same with your first position. Watchout on MAJOR TREND don’t fight it.
  6. I recommended you to have 10.000 margin to hold floating.

Be patience to learn the market movement, in many case people are fails because they’re not patient on waiting their target, in another case they not calculating available margin so they got margin call when floating.

Good luck!

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