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Gee Dee

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Gee Dee last won the day on April 27 2018

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About Gee Dee

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  1. When currency prices break out of certain price levels, a large sustained move in the direction of the breakout may occur, giving rise to a situation whereby big profits could potentially be captured in the least amount of time. The main problem with trading breakouts is that many of these breakout attempts fail. In this chapter I walk you through several guidelines of how you can better identify potential breakout opportunities for this strategy.
  2. The most common way to enter with a break out is right on the break of support/resistance, however if you have ever tried this then you know it is very hit and miss. Most of the time you will get false breakouts which take out your stop and leave you wondering why you entered into the market in the first place. Consolidations and breakouts happen all the time in trends and are perfect high probability places to enter into the market.
  3. Trading Forex is really about controlling your emotions and managing Forex risk. That’s it. There are various things you can do decide your trades, but if you do not control your emotions or manage your risk, you will be finished before you can start. You must have to know about proper risk management. I am trading with ForexChief. They are offering various kind of professional courses in Forex trading. They furnished their educational section with many popular Forex trading books. A beginner can learn there perfectly. Their courses are very much informative and realistic what help learners to get real view of Forex market. In Forex market this is only a broker in my sense which is very much resourceful with educational materials.
  4. When you start looking for reasons to get in the market, you risk forcing a trade. A forced trade is one that is taken when a trader has either fudged his or her trading rules, or traded without regard for rules at all. Such trades are taken from the emotional standpoints of excitement, revenge, desperation, or even boredom and/or apathy. Don’t ever force a trade. If you feel yourself desiring to trade when there is no objective basis for doing so, get up and walk away from the computer. Better yet, shut it down and do something else, for you are clearly not in the right state of mind to trade in the first place.
  5. How are you going to tackle the odds that are stacked against you from the start in the forex trading business? In this chapter, I will highlight the three M’s that have brought me success in this field: Mind, Money, and Method. Many traders, especially the inexperienced ones, are too fixated on finding the perfect trade setup, the perfect trading system or the strategy that never fails, thus neglecting the other more important aspects that are crucial to good trading performance.
  6. The market can be analyzed in several time frames: 10 minutes, hours, days, weeks. It may often seem that these indicators are contradictory. However, they aren’t, you just need to combine their readings. Analyses of longer time periods show tendencies, ignoring accidental changes, whereas daily and hourly graphs help in choosing the moment to open and close positions.
  7. Forex trading instruction influences you to comprehend the essential ideas and wordings, yet in addition shows you how to fabricate your own particular trading design. What's more, I got my essential instruction through my broker ForexChief. Still now I am learning numerous things through my trading with my broker. My broker dependably causes me to comprehend particular question in my trading. They are helping me to build up my own particular procedures and procure great measure of cash. Overall, I did not see so much facility with a single broker. With the support of my broker I can handle any trading issues without losing my money. They are best in Forex market and I’m getting Real time analyzed charts from them.
  8. This tip is a simple yet critical one that many traders miss, know your limits. This includes knowing how much you’re willing to risk on each trade, setting your leverage ratio in accordance with your needs, and never risking more than you can afford to lose. You don’t have time to sit and watch the markets every minute of every day. You can better manage your risk and protect potential profits through stop and limit orders, getting you out of the market at the price you set. Trailing stops are especially helpful; they trail your position at a specific distance as the market moves, helping to protect profits should the market reverse.
  9. Gee Dee

    Own Plan.

    Each good trader has their own plan, and the best make an effort to hold on to it. Those who have the time, make daily transactions, others choose long-term strategies. Keep it steady! Differentiate the time frames of analysis, weekly graphs are used to observe trends, daily and hourly graphs – to observe the best time to open and close positions. An essential mistake beginner make is closing the transaction too soon and thus not using the full profit potential. Trends last longer than they might seem at first!
  10. Don’t open many positions at the same time. It’s better to choose fewer positions, but weigh each of them carefully. People often forget to limit their loss and therefore must step out of the game very soon. With the Stop-Loss Order, you will be able to control the situation if the rates change unexpectedly. Specialists advise against risking more than 1/6 of your free capital when you aren’t completely confident.
  11. ForexChief offers 50+ Forex pairs, Metals, Commodity CFDs, Stock, Index and Cryptocurrencies. Precious metals are silver, gold, palladium and platinum. Commodities are Brent Crude Oil, US Natural gas and WTI Crude Oil. The cryptocurrencies offered by this are Bitcoin, Bitcoin cash, Ethereum, Litecoin and Ripple. The broker offers two bonuses: Welcome bonus and Turnover Bonuses. Welcome No Deposit Bonus $100 allows you to check the company’s services and test the trading strategy chosen. You can get No Deposit Bonus Forex on your account automatically, no personal documents for verification required.
  12. Forex trading is one of the most liquid markets in the planet. For earning good sum of money Forex traders are participating into this platform. Everyday more than thousands of Forex traders are join in this market but most of them fail to reach their goal and loss huge money by trading in Forex market due to lack of good trading knowledge. Since Forex trading is really very difficult business.
  13. According to my trading knowledge in Forex market before starting Forex trading a Forex newcomer should properly be educated. Without good education in Forex market you cannot able to earn good money and will lose after some time you enter the market. There are different brokers are sites that provide general trading knowledge so learn first if you want to earn fast in Forex trading. Learning will make your trade easier.
  14. Forex traders are always looking for the low spread in their trading career. Because the low trading spread always helps the traders to earn good money in a short time with small risk. According to my research in Forex trading I have seen that most of the Forex traders especially the new traders are much attracted by the scalping trading strategy which can make be benefited by the lowest trading spread.
  15. Without a credible Forex broker a Forex trader can never become successful. Because the trading success in Forex market mostly depends on how the trader is. The broker who gives overall services and facilities a trader should select for his trading. Forex trading is the best earning source in my sense a good Forex broker will always help you to trade profitably and with minimum losses. So find the right broker.
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