Save your capital by follow the simple some rule.
Currency trading is a very profitable business, but also very dangerous and can lead to financial losses. The two main problems of rapid transaction currency change and predictability in the market.The evolution of the foreign exchange market is so fast that in seconds or milliseconds.
These rapid changes can lead to easy money, but unfortunately, rapid loss. Every Forex trader tries to minimize the damage and increase profits, and you need some rules to follow.Invest only what you can afford to loseForex trading is not a way out of debt or get some cash. If you have a weak heart, or in desperate need of money, I recommend you try something else.
I'm not trying to discourage you, but to help you understand that you lose your entire investment. This is why you should, especially if you are new to forex trading, invest money that you can afford to lose.Do not be emotional, whatever happens I said that changes in the foreign exchange market swift action and the time of the transaction may very well and suddenly the odds change, and the trade goes bad. If the dealer is excited and begins to panic, it will probably make some bad decisions that could change for the better and to avoid losses. This will lead to greater losses, so my advice is to always remain calm. Do not be upset if you win and do not get angry if you lose.Do not use very high leverage High leverage can be tempting, especially if you do not want to invest a lot of money, but do not use it, because it will only lead to a loss faster.
Moreover, brokers offer very high leverage (1:300 above) is often suspect and unreliable. May be preferable to use to use 1:10 and 1:100, and not continue. Less experienced users can choose to start trading with low leverage and gain experience gradually increased to 1:100.Do not use too many indicatorsWith too many indicators to read the letters can be confusing. We recommend selecting the indicators 3-4 and focus on them.
This will help you get a better idea of where the company door.Choose wisely runnersForex broker should be chosen with care. As mentioned above, the use of 1:300 Most agents that offer be avoided. Also pay attention to the difference in the selection of brokers and lower margins, because it saves you a lot of money. Agents continue to be governed by a globally recognized and should the registration / license number to give.Subscribe to Forex Trading Forum and Forex DiscussionIt is very important to follow all about Forex. Forex Forum and other discussion boards are a great source of free information and help you learn a lot about Forex trading. You can communicate with other forex traders, advice and see how the foreign exchange market to treat. You can also learn a lot by just browsing the forum.Think less popular forex tradingMost traders focus only on the Forex Trading world currencies (EUR, GBP, USD, JPY, CHF). Since there is nothing wrong with the trade between these currencies, the most stable currencies in the world. There are many other currencies of the less developed countries are more volatile and their trading against other major currencies in the world can be profitable.