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  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. #21
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    For newbies it's important to take start with basic strategies and step by step trading start with low lot size and low leverage only according to our strategeis and analysis skills. also try to avoid risky trade and learn risk and money management that way we can better take start and in future step by step can get good expereince and trading skills for our career.

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  3. #22
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    i think the best tips for the newbies trader is that first of all get the basic knowledge of the trading and then practice of the trading and after that you will learn the money management of risk in the trading and then learn how to predict the forex market and i think if you learn to analysis the market and properly manage the risk in the trading you will get the success in the business.

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  4. #23
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    the thing which i understandt and share with you is that never trade big lot at start stage and do not greed any time and control your emotion and trade with painte and fix some daily profit and when you achieve your target then leave forex and work some other .if is very important thing for new trader

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  5. #24
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    All the thanks and appreciation I make thee, O my friend, to publish this information very useful for beginners, but I saw some people here say it's a lot starting with $ 300 and I am from my point of view that initially be $ 500 less thing and work sizes decades low and all over the time at work in this market is getting experience and if there account losses will be borne as long as it's a few sizes and for beginners who do not have this amount they operate in the index with rewards that are collected and this amount from my point of view and humble thanks

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  6. #25
    Registered user nsawork's Avatar
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    Quote Originally Posted by tanoli777 View Post
    the thing which i understandt and share with you is that never trade big lot at start stage and do not greed any time and control your emotion and trade with painte and fix some daily profit and when you achieve your target then leave forex and work some other .if is very important thing for new trader
    If our trading is not according to the rules of the Forex trading we will start getting a loss. Some of the traders cannot understand this fact that loss is always due to our own mistakes and if we are able to identify them our profits will start to increase and will make us successful traders soon :)

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  7. #26
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    Trader whether new or old should follow rules of forex, keep their charts adn trading systems simple, should never try too hard to get profits. If faced loss in consecutive trades then stop trading for the day. Follow trend, make a trading plan and follow it and always use TP and SL in your trades. Do not fear losses but always take good care of your capital too.

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  8. #27
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    Many of the new trader are want to that earn more money within a second for this reason many of trader do not able to stay this market for a long time,so first control your emotion for stay this market.

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  9. #28
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    Quote Originally Posted by alaminmgt View Post
    Many of the new trader are want to that earn more money within a second for this reason many of trader do not able to stay this market for a long time,so first control your emotion for stay this market.
    Forex trading is not a place to quickly get money but forex is a business that will give us the opportunity to make money because we will be able to make it with a high skill so surely we would be much better in this trade will build our skills first before doing this trade with the aim of getting the money because it is not possible to make money in forex without skills

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  10. #29
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    - paper trade or use a simulated trading Web site to practice your trading techniques before you use your own "real" money.
    - do not expect to become an expert day trader right away, It takes considerable time, practice and effort to learn the ropes.
    - eliminate the fear of losing because "scared" money rarely profits.
    - always limit your losses - use stop orders.
    - learn from your losses - take advantage of each loss to improve your knowledge of the market.
    - never allow large profits to turn into losses.
    - If the markets on a given day are not performing or reacting the way you expected, it is best to simply get out.
    - Never add to a losing position, It is a prescription for disaster.

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  11. #30
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    This is very helpful post for newbies. A newbie should understand that trading in Forex is risky and not easy as it may appear on the face of it.To earn money in Forex trading, a trader should have the necessary knowledge and the ability and discipline to manage its risk. Staying informed about latest economic news and development is vital for a Forex trader.

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