DISCLAIMER

Trading of financial instruments involves substantial risk, including complete possible loss of principal plus other losses and is not suitable for all members of the public. This blog discusses my experiences and my style of trading. This blog is for entertainment and educational purposes only. The trades discussed here are MY trades. You make your own trades and you and only you are responsible for your trades. Ideas and opinions discussed on this blog are not in any way recommendations to buy or sell securities or investment advise.

Monday, July 8, 2013

FOREX TIPS


  • Before you dive headfirst into forex trading, learn the forex market through a demo or practice account. Preparing yourself for real trading by utilizing a demo platform provides an excellent source of training

  • Nothing is guaranteed to make you lots of money in forex. No amount of knowledge, forethought, or specialized software can guarantee your success.

  • Most successful forex traders will advice you to keep a journal of everything that you do. Include all of your failureS and your successes in the journal.

  • Do research to decide which broker will you join. Researching your broker online is an easy way to see which firms can be trusted and which cannot. You can find quite a bit of information regarding brokers on forums dedicated to Forex.

  • Don’t even think about moving a stop point. You should always come up with stop point that you will never move.
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