Learn the Secrets of Successful Forex

 

Set Goals Compatible With Your Trading Style

It is imperative to have clear goals on what you want to achieve in mind- which is in line with your trading style.

Select A Broker Who Can Give You A Suitable Trading Platform

Choosing a broker who has a good reputation is very important for your trading success, so spend time researching an appropriate platform before commencing to trade.

Carefully Select Your Time Frame For Entry And Exit

Understand the difference between the daily and weekly charts. To avoid confusion, always wait for the right buy signal from your chart.

Compute How Much
You Expect

Measure the trades you won and those that you lost- as this will determine how profitable your winning trades were against how much your losing trades cost you.

Build Feedback Circles That Are Positive

Planning and executing your trade well will create positive feedback, even though you take a small loss but do so in accordance with a planned trade.

Stay Focused On Your Trades And Learn To Accept Minor Losses

Losses are always bound to come, so small losses shouldn’t distract you from focusing on your trading.

Analyse
on Weekends

During the weekends, when the markets are closed, observe and study weekly charts to look for patterns or news that could possibly affect your trade.

Print A Record
And Store It

Make a print out of charts and list all of the reasons for the trade, including the fundamentals that sway your decisions. Also mark the chart with your entry and your exit points while making relevant comments.

6 Forex Market Movers

What People Say

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    No doubt, big banks have all the expertise and resources to engage a trade. The best thing you can do is prepare yourself adequately. Some traders evaluate currency pairs by using fundamental analysis. This involves studying economic fundamentals in various…

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    In theory, this pattern is a bearish reversal pattern seen in both Forex and stock markets. Although there is some debate about its dependability, a strong pattern with supporting evidence of reversal from external indicators can still produce a handsome…

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