Monthly Archives: December 2010

Manage Risk and Minimize Losses

In Forex trading, loses come with the territory, for that reason, a learner must trade small, by trading in small amounts, you are able to minimize and manage your risks. Your goal as a new trader should be: To be … Continue reading

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Work with a Reliable Strategy

You need a strategy in order to properly execute your trades; you must track movements and fluctuations and strategize accordingly. After a long time of testing different strategies, you should be able to arrive at a method that works best … Continue reading

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Don’t Trade Based on Emotion

To be successful in Forex trading, you must be emotionally detached from your trades. Do not try to hold on to a weakened position with the hopes that you will regain your losses, this is an exceptionally bad move because … Continue reading

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Choose the Best Time to Trade

Forex is open 24 hours day; which enables investors to have non-stop access to markets; choosing the right time to trade will maximize your opportunities. According to the U.S. Eastern Time: Sydney is open from 5pm to 2am, the New … Continue reading

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Trade Within your Capital

When trading on Forex, you need to keep in mind that winning and losing are sides of the same coin; it is in your interest to invest wisely. Your investment funds should come from excess money in your savings, and … Continue reading

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Trade on Popular Currencies

As a beginner you should focus on popular currencies and avoid thin markets because the lack of public participation will make it hard to liquidate your positions. In a thin market, price is very instable and unpredictable; stick to the … Continue reading

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Understand How FOREX Works Before your First Trade

Before beginning your trade, you need to know accurately what you are getting into; you need to learn all that you need in order to trade successfully. To begin you, you should open a practice Forex trading account, majority of … Continue reading

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