Some Trading tips for beginners
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    Some Trading tips for beginners

    Forex trading provides for exchanging money from one currency to another, based on whether a currency will rise or fall in value. Forex trading not as easy as it may seem; even seasoned investors make ill timed decisions and lose a lot of money. You can get a profit if the currency you have invested in rises in value, but you will lose money if you invest in a currency that devalues, on the other hand.

    Following are some forex trading strategies and tips that could help you as you start off in the Forex trading market:
    • Choice of the currencies to invest in must be very careful. Forex currency exchanges happen by pairs – you trade money from one currency back to the other. The most popular pairs are EUR/USD, GBP/USD, EUR/JPY, AUD/JPY, NZD/JPY and AUD/USD. There are many more currency pairs but these are considered to be the least risky.
    • Work with a professional Forex trading specialist. There are numerous specialists; choose one who has experience in exchanging the particular currency or currencies you are interested in to invest. A Forex trading specialist can give you good advice about which currencies to buy and when, and when to sell the currencies you are holding. While it does cost money to hire such a professional, it will be worth it both in the long and short term. There is a lot you can learn from a professional Forex trading specialist.
    • One of the most popular Forex trading strategy is the carry trade strategy. In simple terms, this means investing in a particular currency that is then kept in the bank for some time. If the concrete country has high interest rates, then by holding that currency in a bank account you accrue high interest on it. This particular forex trading strategy does have its risks, however. Interest rates rise for different reasons; if the predominant reason for high interest rates is a capital shortage, then you may want to avoid using this strategy.
    • Stay abreast of the news. It is important to stay abreast of not only the financial news, but also general international news. A country’s currency can devalue due to political instability or national disasters. What affects the country will affect its currency. You will also want to be aware of what market analysts are predicting; the more you know about a particular country and its currency, the more knowledgeable you will be in making decisions regarding your Forex investments.


    If you are new to Forex trading, then one of the best Forex strategies you can employ is to start with small. You can open a mini Forex account for as little as $300. Many people who have invested in the stock market choose such accounts as an additional investment, as these accounts help you to get used to the way Forex trading works. There are a number of Forex brokers offering such accounts; compare different brokers to see which one is the best for you, as a lot depends on what particular currency or currencies you have chosen to invest in and how much money you start with.

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    Last edited by Patkhak; 01-24-2013 at 11:51 AM.

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    i added :

    1. Making Money Management and open position with right lot
    2. Don't forget make a trading plan and trading strategy each day
    3. Use STOPLOSS ( learn how to place a right stoploss )
    4. Don't trust any signal if you new on forex ,, cause the signal that you give can be false ,, i suggest you analyze it first after you receive that signal

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    Quote Originally Posted by RoboForex Trader View Post

    If you are new to Forex trading, then one of the best Forex strategies you can employ is to start with small. You can open a mini Forex account for as little as $300. Many people who have invested in the stock market choose such accounts as an additional investment, as these accounts help you to get used to the way Forex trading works. There are a number of Forex brokers offering such accounts; compare different brokers to see which one is the best for you, as a lot depends on what particular currency or currencies you have chosen to invest in and how much money you start with.
    thanks friend for sharing knowledge. It is very useful for the beginner like me. However I do not agree when a novice tries $ 300. I think the numbers are too large for a beginner. I think $ 50 is enaough good at using account cent. If it can achieve consistent profit it can be directly added more deposit.

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    Super Moderator RoboForex Trader's Avatar
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    Quote Originally Posted by mamamerana View Post
    thanks friend for sharing knowledge. It is very useful for the beginner like me. However I do not agree when a novice tries $ 300. I think the numbers are too large for a beginner. I think $ 50 is enaough good at using account cent. If it can achieve consistent profit it can be directly added more deposit.
    Besides mini-FOREX Roboforex has micro-FOREX. The minimal trading deposit depends on the account type. The optimal deposit for mini-FOREX is 300 usd. If this is too much then you may use micro-FOREX and start from 10 usd. Details: http://www.roboforex.com/trade-condi...account-types/

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    1. Creating wealth Operations in addition to open up situation having appropriate good deal
    3. Don't forget produce a investing prepare in addition to investing technique everyday
    3. Employ STOPLOSS ( figure out how to position a right stoploss )
    four. Do not have confidence in almost any transmission in case you new on forex,, result in this transmission which you give may be bogus,, you might want to analyze this primary as soon as you be given that will transmission

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    1. Trade manual not by EA
    2. focus in one or two pair till you understand it
    3. only make one or two open position
    4. never averaging loss

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    1 trade manual is the right thing
    2 focus on 5 currency pairs not only one or two
    3 never use scalp trading
    4 use only mt4 trading platform for trading

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    i advise to new trader that without knowledge and experience you cannot get success in forex. so first learning then earning. new trader should must do more and more practice in demo. control you emotions because emotions are enemy of forex trading.

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    A good advise for traders. When I was a new trader, I used to trade with small account as well as small volume lot. And that time I was successful and i lost seldom in trading. But when I began to trade with hihg volume lot, I started to lose again and again, and my bigger account also faced stop out. Now I can realize that small profit is also far better than loss. Small volume is the safer way to trade.

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    Quote Originally Posted by jomks View Post
    3. Use STOPLOSS ( learn how to place a right stoploss )
    I don't agree with in this point because if trader has long-term expectation and that expectation is realistic, stop order is not necessary to be placed because stop order can cause trader lose because he/she really wins. There are many other flexible ways to cut losses such as hedging and they are better than stop-loss.

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