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Thread: Some Trading tips for beginners

  1. #1
    Super Moderator RoboForex Trader's Avatar
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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 10:51 AM.

  2. #1001
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    If we want to grow to be A prosperous Forex traders so we will increase our knowledge in Forex buying and selling, we have been prompt to discover Forex proficiently Besides understand With all the losses that we get from Forex acquiring and marketing. Frequently if we already have quite a lot of Doing work practical experience then we should be capable to a lot more conveniently deliver a earnings in Forex investing, not shockingly we could possibly be A prosperous Forex trader.

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  3. #1002
    Trader taqiniazi's Avatar
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    i recommend to new investor that without encounter and information you cannot get achievements in currency trading. so first studying then making. new investor should must do more and more exercise in trial. management you feelings because feelings are opponent of currency dealing.

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  4. #1003
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    Skill Assessment, Mental Preparation, Set Risk Level, Set Goals, Do Your Homework, Trade Preparation, Set Exit Rules, Set Entry Rules,Keep Excellent Records,Perform a Post-Mortem.

    you can become consistently successful and survive in the trading game.


    Understand the Forex strategy/technique in business systematically. Just learn the Currency Pairs, Forex Technical Analysis, chose your Trading Plan, Multi-Asset Trading- between Forex and equities trading.

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  5. #1004
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    You can not be a trader with an heart full of money and think you will get the money truly in the forex trading market this is what i believe it is not possible. All forex traders i know plan carefully and never hold anything of money on heart, if you try this, it will help you.

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  6. #1005
    Trader lawners1791's Avatar
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    preparing the better with the entrance on working with the good covers of the system with the proven performance. and to focus on the spends with the progress on managing the higher precision by the last periode of the terms to succeed on gaining the finale of the target with the projected goals with the trading plan.

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  7. #1006
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    Quote Originally Posted by lawners1791 View Post
    preparing the better with the entrance on working with the good covers of the system with the proven performance. and to focus on the spends with the progress on managing the higher precision by the last periode of the terms to succeed on gaining the finale of the target with the projected goals with the trading plan.
    It is a beneficial strategy for novices that I always believe that the best foute for every entrepreneur in entrepreneurial journey is to build a sustainable business that withstands the test of time accordingly No strategy is 100% perfect but there is some thing then strategy helps to gain more profit by following the steps of various strategies

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  8. #1007
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    my spouse and i recommend to help fresh broker which with no knowledge as well as experience you can't obtain accomplishment throughout forex. so first mastering and then generating. fresh broker need to should do an increasing number of process throughout demo. manage people emotions mainly because emotions are adversary associated with forex currency trading.

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  9. #1008
    Registered user mohabbat's Avatar
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    Well brother, I think this is very useful information for newbies.any way in my view strategy help us for market understanding so there is not extra facility, but we are depend on these fully so maximum time we loss our money, otherwise maximum time we trade without any planing and target ,target means not daily profit target but it's monthly or weekly...

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    Don't loss you hope.

  10. #1009
    Trader cowek ireng's Avatar
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    Quote Originally Posted by kishor001 View Post
    my spouse and i recommend to help fresh broker which with no knowledge as well as experience you can't obtain accomplishment throughout forex. so first mastering and then generating. fresh broker need to should do an increasing number of process throughout demo. manage people emotions mainly because emotions are adversary associated with forex currency trading.
    Any beginner need to realize and aware that at early in forex business any beginner traders should must be learn more and more because we must know that forex business is a world wide business which has complexity and for that doing this business we need more and more to know how make money as safely because forex is a world wide which risky business so that in this business any beginner traders must be educated to survive in forex business for long time.

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  11. #1010
    Trader Goodfay's Avatar
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    Quote Originally Posted by mohabbat View Post
    Well brother, I think this is very useful information for newbies.any way in my view strategy help us for market understanding so there is not extra facility, but we are depend on these fully so maximum time we loss our money, otherwise maximum time we trade without any planing and target ,target means not daily profit target but it's monthly or weekly...
    Maybe for many traders require additional, but this information may be as one of the main courses in our trade. nah targets also did not fully able to be daily but monthly and weekly, this may enlighten our minds.

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