18 November 2009

For beginners to note

Outstay emotions aside. Keep calm trading. Do not try to win back after losing the deal. Do not be greedy - do not open a large number of items, if you win. Excessive volume of trade can significantly increase your risk.

Choose a time that works best for you.

If you watch the auctions from, you also manage your bidding. If you are unsure, temporarily leave the auction. If it is not clear what the trend will follow the market, not trade. In this case it is better to retain the current capital, than take a risk and lose money.

Learn how to use the stop price. Do not expect that the trends in the market will play in your favor. If you improve your stop price, you run the risk of incurring substantial losses.

Do not bother my head a lot of indicators, signals and trading strategies. Too much information may create a contradictory picture. Develop a simple but well-functioning solution for trading on online Forex currency.

Before bidding consider the relationship between risk-profit. How much money did you lose? How much profit can I get it? And now take a decision to trade or not.

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