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How to Start Forex . . . . .

Sep 082015

How to Start Forex

It is easy to start trading on FOREX, the complication appears when you want to trade with profit. A lot of people mistakenly consider FOREX as a kind of gambling, where everything depends on the luck. But this is not true. In order to receive stable profit, theoretical knowledge is required. This knowledge must be followed by practice. In order to test your trading skills, not having experience in trading and not taking risks using own funds, you have a chance to open a practice account. The difference between practice accounts and live trading accounts is in the fact that while working on practice you trade virtual money, which are available on the account for practice trading right after account opening and the funds, earned by you while trading on the practice account can not be withdrawn. To learn more about how to use and how to open this type of account, please visit the page Practice account opening.
Trading on FOREX is like playing sports. Constant trainings are required.
There is also page Definitions at your service. It contains main terms, understanding of which is necessary while trading. Our knowledge base contains answers to most worrying questions, which may appear during the process of trading. In case the question which requires the answer from the specialist appears, live support is there for you.

Trading on FOREX is like playing sports. Constant trainings are required. Without them, you will loose your shape and won't be able to continue at the same rate. You had better trade every day, analyze news, which can influence the market's movements, develop your own strategies, improve the ones that you already have. You must study, read a lot and progress while trading. It's vital not to stand on the same place and just wait for a trend, but to analyze and study all the opportunities and situations.
It is real to learn how to trade on the FOREX market with profit, you just need to find patience and gain knowledge, which will lead you to long-awaited profit.
Only when you feel that you have trained enough and ready to trade with your own money, you can switch to live trading account and use all the knowledge, which you've received during this hard work. But be ready that losses are possible as well as profit. You must not give up and be scared. Be patient and your knowledge and persistence will do their job. After switching to real trading accounts, emotional state of traders often changes. You don't trade with virtual money any more, it is your money that is used now.

Trading must be enjoyable, otherwise you will open your trading platform with caution and psychological pressure will cause the situations when emotions will only disturb you. Cold mind and prudence must guide you through the process of trading.

It is real to learn how to trade on the FOREX market with profit, you just need to find patience and gain knowledge, which will lead you to long-awaited profit. Anyway, profit is the reason you decided to join FOREX, isn't it?

Lack of practice often makes it difficult to make correct decisions. But it is quite easy to solve this problem, since everyone has an opportunity to open a practice account and try yourself as a trader. more details :

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Aug 232015

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Aug 202015

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HOW TO EARN ON FOREX ?

Aug 182015

If you are reading this article, you have certainly heard about Forex. Nowadays, Forex is the youngest foreign exchange market; however its popularity is going beyond all the well-known currency markets. What is the secret of such attraction? Forex advantages are obvious: it is liquid and it is available 24 hours 5 days a week. Also traders emphasize such important aspects as low deal price, absence of restrictions, margin-based trading, a great deal of trading instruments, and high dynamics.

Most new traders starting operating on Forex think only about their income. Due to the lack of experience they do not know how to operate correctly and they do not want to spend a lot of time and money. It is necessary to have an initial capital to make money on Forex. Moreover, a trader should have self-control. However, psychological stability will not allow people to gain success if they do not have enough knowledge and their own strategy. First of all, traders should learn to forecast a currency pair’s trend. They also should learn and apply different methods of analysis: fundamental and technical analysis, the Elliott wave principle, the candlestick analyses, and some others. Using one of these methods, traders are able to forecast a currency pair trend.

If a person has decided to become a professional trader and wants to get income regularly, it is necessary to understand when it is better to start and stop trading. Traders should not only make a correct forecast but they also should not lose a good moment for short and long positions. It is important to comply money management, which allows traders to protect themselves from risks and losses and also disposes human factor.

Summing up, the answer to the question why Forex is so popular is obvious. On Forex all people have equal terms and chances for success. However, only traders who are aimed at self-development and new experience reach the highest awards, as Forex obeys to the market economy laws. It is possible to get money on the foreign exchange market only receiving new knowledge and applying it in real trading. Following these rules, traders are able to not only increase their income, but also to create their own strategy, which will bring stable revenue.

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Aug 162015

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and website on major currency pairs EUR/USD, USD/JPY, GBP/USD,USD/CHF

 

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