If we must consider that the Forex market is one of the most speculative hand the number of exchanges recorded daily, as well as its size, can not imagine that this is Forex so different than the lottery where it must be admitted that losers pay for the winners! Know that by investing your savings, you always take the risk of losing it.
If you are not sufficiently distant from the money you bet and if you do not keep our feet on the ground, you can some inconvenience. Do not make investment worth more than what you can’t afford to lose and especially never place the money that is essential to your household.
Note that few investors recorded profits very important time. It takes more than one day to become a good trader, do not dream too much about the real benefits that it will be possible to record when trading Forex. Trader on the Forex is not something necessarily easy and it’s better to be armed with enough concentration, patience and calm because the vast majority of investors, even experienced regularly for errors resulting significant losses.
It is advisable not to use leverage too important to hold your positions. Limit the leverage of course reduces the amount of your commitment and that the possibility of higher returns. But in order to preserve some disappointments, if your leverage should never go beyond 50%, it is advisable to invest more than 10% of your margin deposit.
Because in case of loss, it is better that you have the necessary funds to meet; leverage accentuating the positive results as negative.
Humility is required when you start to trade Forex. As a novice it is more advisable to follow the general direction and not try to predict the course of a currency without consulting the indicators that are provided by the trading platforms. Leave this risk-taking to experienced investors.
And that Forex became a way for you to realize significant gains, it will be necessary to trade on multiple currency more or less safe and among different brokers, so as to leave have been sufficient to ensure such operations imprecise .
By cons on trading platforms, brokers offer a tool “stop loss” which probably reduces the losses without having to follow the market all the time. This tool allows you to set an automatic threshold that you can overcome to stop the losses suffered because of a tendency contrary to what you would have considered. Do not neglect this means, it is essential to your peace of mind.
While these tips are not complete when you start. The best way to enter this market is to dive and gradually make its debut! But the fact that each person entering the market, expect to be advised on strategies Forex applicable and will also want to limit the risks to the maximum, not to squander their savings on risky investments.
So when his apprenticeship on the Forex would not it be more interesting to follow the advice of a mentor a guide Forex and that would help us to generate profits on the Forex by offering us a safe and effective strategy resulting from its know-how.