Forex Analisys Part 3
One more, it is advisable not to borrow to play forex. I am serious you know. There are some people who act too brave to swipe their credit card to play forex. If indeed you are proficient and have the experience of playing forex profit profit no comment at all. But if still lay and then owe ...
Ah never mind. The important thing is that you understand what I mean.
2. Do not rush to invest real just because you have understood one or two of forex techniques.
Even I am still learning and keep learning while this article is made. Do not ever consider yourself too good at trading just because you have read a "secret recipe" from someone who has undergone forex and profit.
3. Use the demo account facility for a sufficient period of time before starting a real account.
Trading brokers forex online trading providers usually provide free demo account facility for anyone interested in forex to practice and get used to their platform. The privilege of demo accounts is that all prices and regulations are exactly the same as their real accounts. The difference is only in the real world of money we use yes virtual money aka money toys. So theoretically if you experience profit on demo account then the profit on real account not far away for you. Well the constraint is often though they try the demo account and their profit, time to practice on demo is not enough. Though brokers usually provide 1 month (and can be extended) as long as we need until we feel really adept and ready to real account. Again impatience makes many unnecessary accidents a must happen.
4. Use the Stop Loss and Limit facility to limit your profit and loss
Stop Loss is a facility provided by the platform to limit the losses that may occur in our position when there is an error in predicting price movements. While Limit is useful to determine the price we want to take profit. Both of these facilities are commonly available on forex trading platforms. We will discuss further on the Forex online trading section and the Facility at a glance. Ok we've learned about the risks that may occur in forex trading following several ways of handling it. Maybe you start thinking twice about forex trading because the article you just read. Good if that is so. Because it is the purpose of Forex Learning. Help you to start this investment in the right way, measurable and reasonable. Obviously not balanced to discuss the risks without knowing how much potential you might get in trading. Well to fair we also need to know the extent to which we may gain profit by trading forex. But I do not think I need to explain too much about this. Well, there are many people who actually trade and earn up to tens to hundreds of thousands of dollars per month. Although many more are losers (many of whom should not have to lose if they have enough patience and a better way of trading), forex remains an investment field that offers benefits unlike other conventional investments. The potential for profit in forex can reach tens to thousands of percent each month. Some forex beginners who are keen to learn and are well acquainted with us are able to achieve profit in trading up to hundreds of percent in each month. Unfortunately record their transactions can not we show here due to privacy. With a simple count based on the average movements such as GBPUSD currency that can move up to 100 points a day then by installing 1 lot a day that means we can earn 2000 points within a month (20 days x 100).
Ah never mind. The important thing is that you understand what I mean.
2. Do not rush to invest real just because you have understood one or two of forex techniques.
Even I am still learning and keep learning while this article is made. Do not ever consider yourself too good at trading just because you have read a "secret recipe" from someone who has undergone forex and profit.
3. Use the demo account facility for a sufficient period of time before starting a real account.
Trading brokers forex online trading providers usually provide free demo account facility for anyone interested in forex to practice and get used to their platform. The privilege of demo accounts is that all prices and regulations are exactly the same as their real accounts. The difference is only in the real world of money we use yes virtual money aka money toys. So theoretically if you experience profit on demo account then the profit on real account not far away for you. Well the constraint is often though they try the demo account and their profit, time to practice on demo is not enough. Though brokers usually provide 1 month (and can be extended) as long as we need until we feel really adept and ready to real account. Again impatience makes many unnecessary accidents a must happen.
4. Use the Stop Loss and Limit facility to limit your profit and loss
Stop Loss is a facility provided by the platform to limit the losses that may occur in our position when there is an error in predicting price movements. While Limit is useful to determine the price we want to take profit. Both of these facilities are commonly available on forex trading platforms. We will discuss further on the Forex online trading section and the Facility at a glance. Ok we've learned about the risks that may occur in forex trading following several ways of handling it. Maybe you start thinking twice about forex trading because the article you just read. Good if that is so. Because it is the purpose of Forex Learning. Help you to start this investment in the right way, measurable and reasonable. Obviously not balanced to discuss the risks without knowing how much potential you might get in trading. Well to fair we also need to know the extent to which we may gain profit by trading forex. But I do not think I need to explain too much about this. Well, there are many people who actually trade and earn up to tens to hundreds of thousands of dollars per month. Although many more are losers (many of whom should not have to lose if they have enough patience and a better way of trading), forex remains an investment field that offers benefits unlike other conventional investments. The potential for profit in forex can reach tens to thousands of percent each month. Some forex beginners who are keen to learn and are well acquainted with us are able to achieve profit in trading up to hundreds of percent in each month. Unfortunately record their transactions can not we show here due to privacy. With a simple count based on the average movements such as GBPUSD currency that can move up to 100 points a day then by installing 1 lot a day that means we can earn 2000 points within a month (20 days x 100).
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