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Monday 4 July 2011

Very important Advices


Here are some general tips on forex market:

1 - you need  -for the forex market- to a great time and effort to learn and practice, practice and follow the market, especially in the beginning


2 -  in the forex market large profits can be achieved which is hard to achieve in any other area if it committed itself to the rules of the market and mastered to deal with him, but at the same time a lot of risk if they do not abide by the rules of the market did not know how to decompose a well did not manage your account well , this may lead to your loss


3 - of the advantages of the Forex market: the possibility of training at the expense of a trial (placebo-Demo), a calculation is quite similar to the expense of real and is traded on the same real price of the market, but the balance of this account is the balance of a placebo, the aim is just to practice on the market and the use of program trading and testing methods trading on the market, and find out if you is ready for a real trading account in the market or not


4 - of the advantages of the Forex market is also the possibility of opening an account for $ 250 only, and thus, anyone could enter this market, and why there is this possibility is that the trading in this market is on a margin, which allows you to trade at double the capital deposited, and this small account that did not make money, it is considered a big stage of the training to work on real accounts


5 - Features of this market also provide a high multiplier, which enables you to trade in excess of your capital with dozens of times to keep profit in full or carry a complete loss, financial Valrafh up in some trading companies to 1: 400 times


6 - requires the forex market to be patient and wait during the period of education and training on a demo account, and to apply what I learned on the program chart (chart), and the application of methods of trading based on the analysis on the demo account, preferably not less than the period of training on the demo account for six months, is not to start a real account by the profit on a demo account


7 - must be a real account with an international company known, and its services are good, does not cost you a lot about open and closed contracts (this point will be explained in detail later in this topic)


8 - the worker psychological important role for success in this market, the fear and greed are the enemy, rolling, because fear may prevent rolling from entering into a deal for fear of loss, and it closes the deals before they reach the target, or may be it does not comply with the orders to stop the loss in the hope of achieving profit, the greed can make shops enter the market many deals in order to achieve substantial profits in a short period, making it vulnerable to losses


9 - Capital Management is of great importance, Misuse capital management can lead to significant losses, and the good management of capital guarantee to maintain profits and continue, it uses two people the same strategy and enter both of the same deals, but one winner and one loser, and the reason is that winner has a good strategy for the management of capital, while the other does not know anything about the management of capital


10 - should be your goal initially is to learn and apply what you learn, and then trying to reach a good way to trade, and apply them to the demo account before the beginning of a real account, and when they start trading real account Mark your goal is to achieve a reasonable profit, and maintain these profits , not to double account, and then with increasing experience, the market will increase your profits

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