Forex in 7

1. Understanding the Forex Market

This is very important that you understand that you must be very small fish in a big sea.
In the Foreign Exchange Market likuiditas majority come from banks and large institutional traders experienced. This is the big fish. Big fish will be happy to enjoy your food as small.
You only memperbodohkan yourself if you think will be easy to take money from forex traders is large.You must learn to swim with big fish and capture the same flow that they do. Swim against them only marks you as a victim and sooner or later you will be eaten.


2. Learn to read and understand Forex Charts Foreign Exchange Market.

Many beginner forex trader forex traders believe that this has great access to some secret forex trading strategies or using a series of indicators secret, but this is really just does not happen.
Major forex players using this simple, but proven techniques of technical analysis - most often horizontal support / opposition, the introduction of range trading, fibonacci is then combined with the basic themes.Begin by accepting that the participants experienced in other major markets and money as they produce and experience a complete understanding of core skills and not because they hold the secrets of the holy grail indicator.

3. Money Management

It is important that you understand as a beginner forex trader penekanannya is not about how much you may be made from forex trading but about how you manage what you have.
This fall is the most common of all new traders. This is a public place to view the majority of risk traders begin their account in one or two positions.Hollywood is not a professional trader trading is continuous and not listed in this manner. Everyone sometimes in their careers will have a bad trade network. A special number may be 10 consecutive losing trade. The question is whether you have a money management plan in place that allows you to survive this?

4. Focus on Market

Many beginner forex trader forex charts software to open and activate their latest gadget or heat indicator and continue to place their trading equipment in accordance with the recommendations. Hollywood is forex trading is not possible many long-term success.If this indicator fails to produce the necessary profits traders and later moving to other series of indicators.You must concentrate on the forex market and understand what indicators are telling you so you can choose forex trading with the best probability of winning.Successful forex traders use indicators and tools as Fibonacci, Pivot points, price channels, MACD, RSI, etc. tools themselves do not make this a successful trader. There are many successful traders and successful traders who use the exact same indicator.Key is the successful traders understand how berperilaku markets around the indicator signals and understand what actually means.
The best way to achieve this is to stop the exchange between the device and select those who praise your trading articles, understand how they work, and then spend time in the market experience.

5. Plan your trade and trade your article.

This is the Common that seems lost on the beginner trader. Each goal must be to create a forex trader pip trade on each article according to their trade. Forex Trader should treat each trade as a business decision to calculate the risk and define their entry and exit their eyes, those that do not open themselves up to huge losses when trade worsen.Many new traders seem to lack the discipline to follow the plan for each trade. So what usually happens is as follows; a beginner trader will see a potential set-up, they decided on some arbitrary number to buy or sell the numbers about quickly, then trade places without analyzing the risks and have exit strategies.
Of course this method can be profitable trade for short-term, more down to luck than skill. But ultimately successful traders caught out and sleep and the general results are repealed account.
The first question new traders tend to ask themselves how much will I make this trade forex?
Traders tend to experience the first question asked yourself is how much potential I lose / risk?