Posts Tagged ‘Forex’

Play Safe Tips Avoiding Forex Trading losses

Given the currency movements continue to run in real time, which in essence we should be able to predict through this analysis, not just guessing. If this is the same gaming. Important factor to consider is the psychological need to be controlled do not lust, because it will hold emotions will negatively affect your reply will cause the loss, owe, the poor, then stress

Here are a couple of basic tips avoid loss or damage is greater in Play Forex:
a. Always put a stop loss order at the time, a precaution to avoid bigger losses.
b. Before the order note release / announcement of the latest news about the Forex market. You can www.forexfactory.com clay on the site. Fundamental analysis as a reference .  ”I will explain later in a special article about the meaning istilah2 purpose of the news and its influence on the movement chart (Forex Market)“.
c. Do not ever order (in market) exceeds 20% of your capital, because the rest can be used to hold the loss in currency movements as opposed to the direction of our reply pairs.
d. Play in the currency that has spread (the difference between the sale price or purchase) the lowest. For example the Euro currency with U.S. dollar (EUR / USD) 3-point difference yg / lot. Its function is to maximize profit and minimize loss.
e. Do not be too trusting and relying on charts / chat / graphics, because it could happen GAP (drastic movement, can tiba2 up or down). We recommend using indicator chart setting with time frame / 15 min scale. Usually when the market release kira2 that time there was a movement started.
f. Notice also the movement of currency / currency other countries. Examples, such as we are again trading between EUR / USD. So see jg USD / CHF it is intended as a comparison, so they move the same klo we do not fight the market direction.
g. If you can avoid playing Day of Friday, because according to the movement of personal experience it’s hard to predict and often occurs GAP. Might be due before the market closure.