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To succeed in the forex market, you can follow certain strategies such as technical analysis, fundamental and economic analysis, the combination of these two, different currency pair relationships, etc.
Other advanced techniques SAR, CCI, stochastics, MACD, Liner Regression, Bollinger Bands, etc.
should not be afraid of the terminology involved. Should follow a strategy that can be understood and followed well.
the two most important strategies of technical and fundamental analysis are also used on the stock exchanges. It May be desirable to use both while some people May use either one.
Fundamental analysis includes economic and financial factors such as GDP, inflation, employment, devaluation, trade statistics, capital movements, etc. In technical analysis we take the help of maps, charts, bars, trends, etc.
Whatever strategy one adopts, it should learn to be a disciplined trader. To this should be taken into account the following:
O Always use stop losses of some kind
O Do not use all of its balance sheet, but would set aside some special situations.
O Start with small lot sizes
O will always win / loss limits
O Adjust the margins to the market conditions
O always get new training and education
Some people also use the strategy within days. In addition, it can be used multiple time frames for analysis, such as one minute, 15 minutes. 30 minutes and 60 minutes of the frame.
One significant element of Forex trading is risk management. It consists of stop losses and trailing stops. We need to learn how to make stops to fix the initial stop, and plans to experiment with trading on margin. One has also to learn to follow, breakeven and time stops.
risk management seems to have become easier with more flexibility in forex trading rules. There is complete transparency now in this, the better the ability to place bids and offers within the narrow spreads and lower cost per ticket. Some Forex trading platform to automatically close all positions if the account refuses to 60%. This provides some extra security.
FX trading as a commodity trading is always conducted on "margin." In general the ratio of 50:1, and can go as high as 100:1 in some cases. This means that against every limit of $ 1000, can hold the position up to $ 50,000. In currency trading what we can lose the most is just the amount of margin, as the potential for profit is significant.
for more information and a Free Online Forex Trading report, please follow the following link:
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