Successful bidding, without a doubt, the main goal. Achieving it requires the expenditure of time, market knowledge and a greater proportion of self-giving.
You do not need to believe those who say that you can easily make money on Forex. The Forex market is by nature very volatile and unstable. Following certain limits, only increases the amount of inconstancy. Therefore, it is a very 'fast market' which is incompatible. Following this rule, it would be logical to say that in order to succeed in trading, a trader needs to possessing technical information to make informed decisions based on their own sense of the market and its own forecast. Timing for the auction is the most important variable factor necessary for success, but always what is currently limited and sooner or later it ends. Do not be upset if you lose some bids. An experienced trader will never counting on the success of each transaction.
We explain the need for the trader to achieve the best possible results
Use the amount of money you can afford to lose
Approximately 4.500 shares on the New York Stock Exchange. Another 3.500 are presented in NASDAQ. What you choose? What software you use? Does enough time? In the auction currency is at your disposal are 4 main markets, the ability to work 24 hours a day 5.5 days a week. Focus on Home - Find what you need. You have approximately 34 second-tier currencies to look at them in my spare time (if you like).
If in doubt, do not risk
If you have any doubts about a transaction, it is better stay away.
The logical approach to the size of the transaction
Margin trading allows traders to make big profits, trading in the maximum quantities can bring huge benefits as well as huge losses. Scaling trade transactions and conduct various kinds of currency - a wiser path. In short, do not spend large sums of money on the deal, which may leave you "Overboard" and "Do not put all your eggs in one basket."
Identify the state of the market
The behavior of the market? Whether it moves up or down, whether in the normal range? Stable or not, there is a long time or is in its infancy? Owning data about the real situation on the market - the foundation of successful trading.
Install the timing of your trades
Many traders come to the auction without thinking about them when they are finished, the main goal is to make money. It is undoubtedly true, but during the bidding must anticipate every possible future changes in the market. Under these assumptions, calculated a possible change in price over time. The importance of this is to visualize a future auction, and despite the fact that it is impossible to determine precisely when you leave the market, it is important to initially determine for yourself whether you will "scalp" (try to break a few points), trading daily, or choose a more long-term tactics. It will also allow you to determine for themselves what chart period you want. If you are conducting auctions several times a day, it makes no sense to base your technical analysis on the daily chart. You'd better to rely on data analysis svoei 30-minute and hourly charts. It is also important to know the different time periods when various financial centers begin and end auction as this factor affects the market changes and activity.
The right time trading
You can be in close proximity to the potential change in market conditions, but to join the bidding too early or too late. Thinking about the right timing is doubly important, the expected market price, such as the CPI, retail sales of the decision of the federal authority can consolidate the change that is already underway. Timing means knowing the expected and putting the information in your account until the start of trading. Technical analysis can help you predict when and in what direction change may occur
Market sentiment
Market sentiment, this is how the market perceives, so to speak, himself, and therefore he was going to a story or lead. It is about trends. You may have heard the expression, "the trend - a friend of yours," which means that if you are moving in the right direction, while possessing correct prediction, your bid will be successful. This sounds, of course, very simplistic - the forecast may at any time and entirely change. Technical and fundamental data, however, may point to long-term prognosis, its strength or weakness
Expectations
Go to the expectations of the market is what most people expect, concerned about the coming news. If people expect to increase their interest rates and what happens, it does not cause much change, since the information has already "discounted" by the market, and vice versa, if there is unforeseen, the markets usually react violently.
