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    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. #501
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    Thanks for great trading tips I like your all comments guys I am new learner in forex and I am very thankful to you all that you are helping every newbie in this forum and I am very thankful to robo forex forum and moderators I think I am in a very good learning place its just a starting for me and I am getting very good information form this forum hope I will learn more from here in near future.

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  3. #502
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    My business is completely new student with fx in addition to My business is incredibly fortunate to your account many that you'll be encouraging just about every rookie in this particular community in addition to My business is incredibly fortunate to help robo fx community in addition to moderators I'm sure My business is in an beneficial finding out area it is a starting off in my opinion in addition to My business is having top notch facts style that community trust I most certainly will know more by through not too distant future.

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  4. #503
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    New trader in this market should learn about this market and after learning than you can start trading in this market.Most of the trader in this market they want to earn money quickly.They should learn about this market they should learn how to analysis the market and how they predict the direction of the market and should know about trend and trade with the trend and can not trade against the trend and always trade with low volume lot size and can not over trade in trading account.

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  5. #504
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    For beginners there are some informations before they become member of trading other wise it is very difficult to understand it in trading we have to sell and buy different currencies that are being used on the international level the most profitable currencies are EURO USD and GBP USD and AUD USD and others are more risky

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  6. #505
    Trader siham.msd's Avatar
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    That the most important obstacles that stand between you and success in the Forex markets is your ability to control your emotions when trading. Should work on the composition of a way to control your thinking to the point enables you to not to let your inner feelings and fantasies to influence your trading decisions. To overcome these problems, you should own evolution from Nvsik Pfurks so you can trade professionally

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  7. #506
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    If we want to become a successful forex traders so we can improve our experience in forex trading, we are advised to learn forex properly and also learn from the losses that we get from forex trading. Usually if we already have a lot of experience then we will be able to more easily make a profits in forex trading, of course we can be a successful forex trader.

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  8. #507
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    I see that one of the best tips that are offered for beginners is the distance from the passion and also be rolling learner of technical analysis and also be rolling has the ability to self-control and to be as much of a high concentration until he can achieve a good profit

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  9. #508
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    Quote Originally Posted by luvestruck7 View Post
    During my initial days I was confused which pair I should choose for creating a position. now I have learn from my past experience is that trading in single currency pair really help full for all traders, because I can average my pair if I do not make profit from first position, I can hedge at right time to minimize my losses and also can focus in single currency pair will definitely help to learn in quick manner.
    dear friend, it is very good to use hedging and i do agree with you, hedging can help us to reduce the risk and even convert the floating minus to profit and even for me, i prefer to replace stop loss with hedging, it gave me more chances to fix the situation

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  10. #509
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    majority of peoples understand forexe market is easr i give the advise to the begginers first of all he take well traineing after that they start the forexe trading we should got the fofrexe field education and after it entered the forexe market and understand the forexe index and we should save him self emtions and under stand the modern tools of the markets and he start his business from the small account and not the act upon the long term trading

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  11. #510
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    Quote Originally Posted by jackcm View Post
    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.
    When i don't agree with on this place because if investor provides long-term expectancy and that expectancy will be sensible, cease obtain is just not required to end up being placed mainly because cease obtain might cause investor lose mainly because he/she truly benefits. There are many additional adaptable strategies to reduce loss like hedging plus they are superior to stop-loss. i enjoy write about about Foreign exchange market. it truly is generally on the web trading currency program between unique places and when most of us adhere to currency trading with our examination ability we are able to make excellent cash working through broker agents on this marketplace.

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