|
 |
You are
you're own worst enemy to crash
your account. Don't blame the market.
|
Traders who blame the market
don’t last much time in Forex. If you lose money you
were wrong, not the market. When you lose money, you
should accept responsibility for it and analyze your
trade so that you can discover what went wrong. |
TOP 10 TIPS FOR FOREX TRADERS
1. Implement a trading plan.
“If you fail to plan, you plan to fail”. A trading
plan is especially crucial in Forex trading to stay
‘in-control’ against the emotional stress in
speculative situation.
Often, your emotions will blind and lead you to the
negative sides: greed causes you to over-ride on a win
while fear causes you to cut short in your profits.
Hence, a well organized operation has to be
predetermined and strictly followed.
2. Trade within your means
If you cannot afford to lose, you cannot afford to
win. Losing is a not a must but it is the natural in
any trading market. Trading should be always done
using excess money in your savings. Before you start
to trade in Forex, we suggest you to put aside some of
your income to set up your own investment funds and
trade only using that funds.
3. Avoid emotion trading
If you do not have a trading plan, make one. If you
have a trading plan, follows it strictly! Never ever
attempt to hold your weakened position and hope the
market will turn back in your favor direction. You
might end up losing all your capital if you keep
holding. Move on, stay within your trading plan, and
admit your mistakes if things do not turn as you want.
4. Ride on a win and cut your
losses
Forex trader should always ride till the market turns
around whenever a profit is show; while during losing,
never hesitate to admit your mistakes and exit the
market. It is human nature to stay long on loses and
satisfy with small profits – this is why as we
mentioned earlier that a strictly followed trading
plan is a must-have.
5. Love the trends
Trends are your friends. Although currency values
fluctuate but from the big picture it normally goes in
a steady direction. If you are not sure on certain
moves, the long term trend is always your primary
reference. In long run, trading with the trends
improves your odds in the Forex market.
6.
Stop
looking for lagging indicators
There aren't any in the Forex market. While some firms
make a lot of money selling software that predicts the
future, the reality is that if those products really
worked, they wouldn't be giving the secret away.
7.
Avoid
trading in a thin market
Trade on popular currency pairs and avoid thin market.
The lack of public participation will cause
difficulties in liquidate your positions. If you are
beginners, we suggest the big five: USD/EUR, USD/JPY,
USD/GBD, USD/CHF, and EUR/JPY.
8. Avoid trading in too many
markets
Do not confuse yourself by overtrading in too many
markets especially if you are a beginner. Go for the
major currency pairs and drill down your studies in
it.
9. Implement a proper trading
system
There is hundreds of trading systems available on
line. Pick one that you are most comfortable with and
stick with it. Stay organized in your trades and fully
utilized stop-loss or limit functions in your trades.
10. Keep learning
The best investment is always the investment on your
brain. Without a doubt, Forex trading needs much more
than just a few guidelines or tips to be successful.
Experience, knowledge, capital, fortitude, and even
some help of luck are all crucial in one’s success in
the FX market. if you lose in a trade, do not lose the
experience in it. Learn from your mistakes and regain
your position in the next trade.
 |
|
|
Please Note
: Stop searching for a quick Forex fix that delivers
nothing but false promises and unrealistic hopes!
Enroll this real training program and learn, once and
for all, how to become a successful Forex trader. See
my live proof videos :
Click here ! |
|
|
|
 |
|
|
|
|
|
Learn Forex Trading in
Chennai, Learn Forex Trading in Madurai, Learn Forex Trading in
Trichy, Learn Forex Trading in Tirupur, Learn Forex Trading in
coimbatore, Learn Forex Trading in Cuddalore, Learn Forex Trading
in Dindigul, Learn Forex Trading in Erode, Learn Forex Trading in
Kanchipuram, Learn Forex Trading in Karur, Learn Forex Trading in
Nagapattinam, Learn Forex Trading in Namakkal, Learn Forex Trading
in Perambalur, Learn Forex Trading in Ramanathapuram, Learn Forex
Trading in Salem, Learn Forex Trading in Pudukkottai, Learn Forex
Trading in Thanjavur, Learn Forex Trading in Theni, Learn Forex
Trading in Thirunelveli, Learn Forex Trading in Thiruvallur, Learn
Forex Trading in Thiruvannamalai, Learn Forex Trading in
Thiruvarur, Learn Forex Trading in Vellore, Learn Forex Trading in
Virudhunagar, Forex trading classes in chennai, Forex trading
classes in madurai, Forex trading classes in salem, Forex trading
classes in trichy, Forex trading classes in coimbatore, Forex
trading classes in dindigul, Forex trading classes in erode, Forex
trading classes in kanchipuram, Forex trading classes in theni, |
International Forex
trading ( SPOT FX ) in India not regulated by RBI, thus we do not
practice it. We are an online coaching platform targeting only
foreign clients. However, we are open to Indian clients for Domestic
Forex Trading coaching and also for NRI's who may wish to train with
us thus we strongly distance ourselves from any legal liability that
may arise from their activities of Forex trading within India and
they may only do so at their own risk. We are not a trading company
nor a fund management company. Our key areas of operations are
training for International & NRI traders, Domestic Forex Trading
with INR, Cross Forex Trading such as EUR/USD, GBP/USD, USD/JPY (
Only 3 Pairs ) which is allowed to trade in NSE exchange in India,
MCX Commodities, Stock Market. We are not Forex brokers nor do we
carry any form of portfolio management services. Thus, clients must
only hold us liable only to as far as training and content delivery
is concerned. Kindly check RBI Rules For Forex Trading In India Is
Legal Or Not which is clearly mentioned in our portal before you
join the course. |
|
|