19 November 2009

Tips for beginners

1. Players are better to go to the casino. All spontaneous and thoughtless actions in online Forex trading currency - it is simply gambling. Any attempt to trade without using an analysis of the market, equivalent to the game. Game - a fun, if you are, of course, do not lose money ...

2. At one time not invest money in this deposit Forex, did not practice on demo deposit. Wage Try demo trading with a deposit for at least 2 months. Think: 90% of beginners fail at this market due to lack of knowledge, experience and discipline.

3. Follow the major trends! Trend (trend) - your friend. You dramatically increase your chances to succeed in the market, following the trend. If you trade "against" the trend, you can stay on the market, but you need much more patience, skill and attention to achieve their goals.

4. Never risk more than 2-3% of your deposit. The most significant difference between successful and unsuccessful trader is that the successful trader is able to survive in unfavorable market conditions, and the unsuccessful will consume your entire deposit after 5-10 unprofitable trades to the series.

Even using the same system 2 traders can achieve the opposite results. The difference between them will be the ability to manage their funds. Take into account the fact that the loss of 50% of your deposit required 100% of profits from the money remaining in your stock to balance your account.



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