ganthiraj Posted June 13, 2012 Share Posted June 13, 2012 Secret Trading Tips: The world of trading has many parts that seem a little foreign to new traders. There are plenty of catch phrases, symbols, and other banter that can be intimidating or even confusing at first. One of the biggest sources of confusion includes the shorthand that you see for many markets. Understanding what you are reading is important, and learning the basic lingo can come in handy. Everything has a specified time and place: All futures contracts (be it for commodities or financial instruments) have very specific parts, quantities, and dates associated with them – and that’s before you even worry about the price! Not all contracts are created equal. The value of the S&P 500 contract is five times the value of the e-mini S&P 500 contract. Those are two symbols you wouldn’t want to confuse! If there are markets you want to trade, visit the exchange’s website and learn about the key parts for each contract. These will include: The contract size The futures months for the contract The format for the price quote The smallest amount by which the price of the contract can move (whole points or fractions of a point, also known as minimum tick) Any daily trading limits for price movements Trading symbols for the contract - And much more! Gimme an H! Gimme a U! Memorizing all of this might seem like a bit of overkill, but in modern electronic markets making a mistake can happen in seconds and cost an unlimited amount of loss and confusion. Just remember that “fat finger” trade and the trouble it caused! Let’s take a look at a contract I trade, the e-mini S&P 500. This futures market trades electronically (hence the “e”) on the CME Group’s Globex platform. On their website, I can go to Contract Specifications and learn that: The symbol for this market is ES. I can use this code to find price quotes on many tickers. The contract size is $50 x the e-mini S&P 500 futures price. I can use this value to calculate the dollar risk/gain per point in the market. Basically, if each point is worth $50, a 3 point movement would be $150. If I want to calculate the total dollar value of a single contract, I just have to multiply the current price by $50. If the market is trading at 1,280.00 that means it is worth 1280 x $50 = $64,000. The minimum price fluctuation is 0.25. That means that if I am making an offer or trying to quote a price, I know that there are quarter point increments so I can’t offer a price like 1265.30 in this market. It would have to be 1265.25 or 1265.50. The contract details also list the trading times so I know when a session begins and ends, and also the trading contract months. This market has contracts for March, June, September and December (the quarterly cycle) – these months will be written with their own symbols as well – H, M, U, Z. The full list of monthly symbols is: JAN - F FEB - G MAR - H APR - J MAY - K JUN - M JUL - N AUG - Q SEP - U OCT - V NOV - X DEC - Z Each contract will expire at some point, and that date is relative to the contract month. If you can understand the lingo, you can avoid costly mistakes Some of this might seem like a no-brainer; after all, a lot of trading programs will give you the info with a single keystroke so you don’t have to memorize all of it. The reason I think it is still relevant to know this is because taking the time to learn and understand how the markets work and what the lingo means can save you potential trouble. What happens if you are long ESU11 and you try to close the position by selling ESZ11? Can’t do it – you would know that the ES U11 is the e-mini S&P 500 for September (U) 2011 and the ES Z11 is the e-mini S&P 500 for December (Z) 2011. Best Trade To You, Quote Link to comment Share on other sites More sharing options...
freaky Posted June 15, 2012 Share Posted June 15, 2012 One of the secret trading tips is to always analyze the market and be able to predict the market to a degree before going into a trade and also making sure that money management is applied in each trade been made. Quote Link to comment Share on other sites More sharing options...
rexway Posted June 28, 2012 Share Posted June 28, 2012 Yes its a good thing to make analysis properly and forcast your trade carefully to avoid any mistake that may occure in your trade,second tip is that a trader must trade with confidence and make all possible best to make sure that he win more trade, dont be greedy with any trade you excecute,and also try to control your emmotion for sucess. Quote Link to comment Share on other sites More sharing options...
lanretuase Posted August 19, 2012 Share Posted August 19, 2012 Forex trading is all about regulation, willpower and determination. Leveraging your strength could be extravagant by organizing the appropriate Forex trading strategy. You may find hundreds and thousands of Forex trading strategies out there. All Forex trading strategies use a variety of indicators and combinations. These indicators and studies are just calculating support and resistance and trend in the Forex trading market. Quote Link to comment Share on other sites More sharing options...
lanretuase Posted August 19, 2012 Share Posted August 19, 2012 The Forex account could be opened with any amount between $300 (mini) and $2000 (standard). After opening the account, a person is required to learn how the Forex market works, demo trade and after a while go live trading. Moreover, there are some secrets that have to be followed. A person can also apply all the secrets when demo trading and can see if the secrets really work. It could be said without any doubt that if someone can apply all the secrets in right way, he/she can easily gain good money by way of Forex trading. Quote Link to comment Share on other sites More sharing options...
hardworks Posted August 20, 2012 Share Posted August 20, 2012 According to my Experience, › Just follow the trend, have some limitation on pips, don't always have orders in the market. › Keep huge patience until the order gets satisfied by profit. › Avoid emotion, fear and aggressive trading. › Always wait for the right time to enter in to the market. Quote Link to comment Share on other sites More sharing options...
budado Posted August 23, 2012 Share Posted August 23, 2012 Don't invest if you can't afford to loss that amount. Don't invest if you think that amount you are going to invest is small enough to loss. You will be wondering why. Its because if we invest more than we can afford to loss chance are we going to take it hard if we incur loses and sometimes we do emotional trading also. Another thing. If we going to trade few dollars capital we may just end up getting MC simply because we can't survive market volatility. Quote Link to comment Share on other sites More sharing options...
fari Posted September 7, 2012 Share Posted September 7, 2012 analyze the market carefully. you cannot copy anyone here.invest only that amount which you can afford to lose. don't invest if you cannot afford its lost.work hard is the biggest secret. Quote Link to comment Share on other sites More sharing options...
standart Posted September 24, 2012 Share Posted September 24, 2012 practice and study as much as possible before you jump in real account. and don't forget to develop or search trading system that suitable with you as your weapon. without good trading system, you will have no clue about what you should need to do. Quote Link to comment Share on other sites More sharing options...
brokenblade Posted September 25, 2012 Share Posted September 25, 2012 Take the time to understand the market. Look at the different factors that influence the market that you are trading in. Certain news can have an influence on the price of the currency pairs you are trading. Quote Link to comment Share on other sites More sharing options...
budado Posted September 27, 2012 Share Posted September 27, 2012 Now that you posted it in here then that means its not secret anymore. If its not secret anymore then that means its loss its touch. lols. In forex trading theirs really no secret. If you really think its good to earn and make money then you need to practice in demo account first. If you don't have time or lazy to do it then don't expect to make profit in real account. Quote Link to comment Share on other sites More sharing options...
zebrut Posted September 28, 2012 Share Posted September 28, 2012 exactly once, so we are given capital from a demo account to learn how to get a true profit, as a newbie like me demo account is very helpful to be able to understand forex correctly. do not expect if we do not learn through a demo account and immediately begin to reel your account will surely fall. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 16, 2012 Share Posted October 16, 2012 indeed demo account is one of the tips are very useful for traders and is not valid for the beginner alone but for a long time traders are still often use a demo account to build their trading strategies to become better therefore we must capitalize this demo account with the best Quote Link to comment Share on other sites More sharing options...
rexway Posted November 10, 2012 Share Posted November 10, 2012 That is true demo account is very important in traders life if you are a forex trader and dont have demo account then dont and you are not suppose to call your self a forex trader. Learning from the demo account and developing your skills first in the demo account is the best and first step to take. Quote Link to comment Share on other sites More sharing options...
luke1 Posted December 6, 2012 Share Posted December 6, 2012 indeed demo account is one of the tips are very useful for traders and is not valid for the beginner alone but for a long time traders are still often use a demo account to build their trading strategies to become better therefore we must capitalize this demo account with the best What we can see from this thread here, well, there are so many efforts, ways to trade forex well and profitable. Even they say it as the secret, the best way or whatever. But we need the long experience to know how the market move and run well here. This is the important thing Quote Link to comment Share on other sites More sharing options...
Ofejiro20 Posted December 6, 2012 Share Posted December 6, 2012 I think it is the sole duty of every trader to make research to discover his/her own stragedy along side learn forex experience from forum like this,yes those online forex tip articles does work for some people and at the same time doesnt favour others. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 20, 2013 Share Posted February 20, 2013 I usually concentrate and try to predict the market trend using indicators and charts. while trading our aim should not be only to maximize profits, but we should keep the risk under control and focus on safety of our capital also. Quote Link to comment Share on other sites More sharing options...
euro Posted October 4, 2013 Share Posted October 4, 2013 My secret is to trade with the most popular pairs and trade when the market is open with two or more markets opening and overlapping giving you more leverage for volumes. They say this is the best time to make money since there are many transactions going on. Also, you should only trade at the best optimum market time and off hours are bad to scalp or trade. Quote Link to comment Share on other sites More sharing options...
Thayungsta Posted October 4, 2013 Share Posted October 4, 2013 Is there any one can trade without losing money Quote Link to comment Share on other sites More sharing options...
davils9 Posted November 11, 2013 Share Posted November 11, 2013 forex business is most important business all over the world and we can make money from here. So it is most popular business now and most of the person are like it and I also like it so much and it is my main goal now. Quote Link to comment Share on other sites More sharing options...
davils9 Posted November 11, 2013 Share Posted November 11, 2013 I think most of the people all over the world like forex business. Because man can make unlimited money from froex so it is most popular and I also like it and I want to be a good trader. I need to increase my skills. Quote Link to comment Share on other sites More sharing options...
davils9 Posted December 6, 2013 Share Posted December 6, 2013 I like forex trading so much and I also be a good trader so I need help from the good trader. I goal is to be a good trader and make more and more money from forex market and it will be better for me. Quote Link to comment Share on other sites More sharing options...
davils9 Posted December 6, 2013 Share Posted December 6, 2013 Recently forex market is very important and it is most popular too. There are many man who can earn money from here and they want to earn some real money and want to be rich too. Quote Link to comment Share on other sites More sharing options...
Decub Posted January 16, 2014 Share Posted January 16, 2014 Those are really some good trading tips that can help a trader make profit in Forex. When trading, the trader should bear in mind that Forex is what you are able to make out of it. If a trader sees it as a means of good earning, he becomes serious with learning how to trade and develops his skills towards it. Quote Link to comment Share on other sites More sharing options...
standart Posted January 17, 2014 Share Posted January 17, 2014 the tips is take learning and learn the market attitudes. learn how to point out the trend direction and learn to measuring that movement is momentum, retrace or reversal. traders should learn also to point out good entry level based on strategy. no shortcut available and any traders should take practice and learning. Quote Link to comment Share on other sites More sharing options...
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