stop loss

Forex:Learn to set Stop Loss and Target Point

Hello everyone, This time I will writing how to set Stop Loss and Target Point. It’s simple and classic when there is words “Something going higher can be dropped lower and something doing down lower can going higher” Forex is all about Wave and Trend. Your JOB in here is to predicted the movement. I don’t recommended you to set SL and TP cause it much risky, but if you hate to waiting and looking on chart *lol* set your SL and TP might be the best condition for yourself. Look on this sample images I give explanation: See this… Read More »Forex:Learn to set Stop Loss and Target Point

Pro Strategies When It Comes To Forex

Many people want to find ways to make money other than their main source of income, forex offers you a way to do that. By being open 24 hours a day for 5 days throughout the week forex offers you a way to make money through currency exchange, if you want to make some extra money read through this article to expand your knowledge on forex. Profit Just because you have a wide stop loss on a forex trade doesn’t mean that you should put even more cash into it to make a larger profit. It also doesn’t work in… Read More »Pro Strategies When It Comes To Forex

Let’s Review A Few Things Before Entering The Forex Market

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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