Foreign Exchange Trading Tips
If you read the statement that ‘Forex is easy’ should not believe and throw this thinking. The result of the statistical survey states that 90% of beginner traders experienced loss. And only 10% can use forex for a living (trading for a living). The easy is how to play, but difficult to win / profit. You have to dare to sacrifice time, even though the money so that later you can become an expert. You should test your abilities in a long time range, 1-2 years so really your trading method and tested and proven. Because of this, i will share some foreign exchange trading tips so with this tips we can more wisely in using our money.
Five Simple Forex Trading Tips
Here are five forex market tips that we can follow and be wise with our money :
1. Demo Account: Demo account / virtual provides an opportunity for us to do real trading but using virtual money. So you can use it to test the ability and methods you use. And be sure to test it in a long period of 6 months to 1 year. Just after that if you managed to boost your profits by becoming a live account.
2. Learning: 
There are many methods of analysis used in playing forex. Generally the technical and fundamental analysis. So the second study was good science through books, forums, seminars, e-books, or to the people who are more experienced in that field.
3. Personal trading styles: After you read the articles (web/forum / etc) you will be confused by the many kinds of trading styles. This is reasonable because the style is highly subjective, to different people. So grab a suitable one with your style (time, risk ratio, emotions), and then test and evaluate styles. Until the next time you find a style of play forex your trading style and of course, bring in profit.
4. Community: Try to form a community (friends) so you can exchange information quickly for forex. This will speed up your learning.
5. Do not be a gamble: People gamble often rely on ‘feeling’ and ’emotion’, if this is a feature or your style, you better not forex trading. You will lose and just burst to spend money alone. You must know, that you should not be emotional, you have discipline and you should be rational and can think clearly and have self-control.
Conclusion About Currency Trading Tips
My best suggestion is if we trade with our real money, the first thing to do is identify strong support resistance levels on a bigger time frame like daily or four hours but prefer a daily time frame. And combined it with candlestick basics reversal signals and pin bar as a power factor which formed which can checked in a small time frame of 15 or 30 or even on an hour time frame for our reverse signals confirmation. Because these candlestick basics can “tell” where the price will go. It’s very accurate enough and we can get money from the forex market consistently.
I’ll share for Forex education e-book about Candlesticks Forex Trading Bible too if you want to read it in your spare time.
