Skip to main content

Profitable Forex trading

By

 Profitable Forex trading 

I guess everyone would like to earn good money sitting at home behind a computer and spending no more than an hour or several hours per day. All this is quite possible, if you are a Forex trader. The trader can reach several hundred dollars per transaction, depending on the Deposit amount, the transaction amount and aggressiveness of the trade. Another issue is that successful traders are not so much - according to statistics, less than 5%.

The truth is that many try their hand at trading, spend months and years, but do not reach stable results. Profit often short-term, minor, and trading for long periods of time, the trader loses money. So is it possible to earn on Forex consistently?

Oddly enough, Yes. There are 2 ways to trade in plus to do (to trade) that do all or select its original path.

Forex trading - start!


Something like this works a complete newbie in Forex:
1. begins to read a book on trading. As a rule, not dositive to the end, because it gets too boring, if the book has a dry statement, or the trader is just not enough perseverance.

2. written in an online course, but on the webinars is not serviced by briefly looking at in the record (“I know This, and this, too, let us go forward”).

3. download online a huge amount of information - all kinds of videos, superstrategies, trading robots, etc.

4. makes money on Deposit, which successfully lose in a couple of days or weeks. Sometimes wins, but then still “leaks” depot.

In the end, in the mind of the novice trader is formed “porridge” from the information received, the trader understands that currency trading is a very complex process and takes from trading, again to “try their luck” after some time.

How does the “right” trader?


1. Reading a popular book about trading. Parses examples, looking for analogies in the real market in the MT4 terminal. Outlines or records important thoughts and ideas. The book reads, sometimes re-turning to the individual chapters.

2. goes online or offline training on trading. Practiced on a demo account and then switch to a real (cent account).

3. clear filters the information. Download and read only the most necessary, and not all in a row.

4. makes a large amount of only after you have tested on cent account with a small Deposit your trading system.
As you can see, the differences are dramatic and significant. Let us learn the “right” of the trader.

Positional trading Forex


Trading position, the trader is able to keep the deal from a few days to weeks, sometimes even months. Position trading is convenient that takes the least time and uses long-term trends, which are more stable compared to the trends, say, H1 or H4. Also in positional trade less nerves than with more aggressive methods of trading.

Position trading requires a large Deposit. Today this is not a problem: a cent account from the Forex4you broker, including accounts without swaps, and minimum lot 0.01 allow the use of positional trading with minimum Deposit balance of$100 or more.

Forex trading intraday (day trading)


The majority of traders use this type of trade. All you need is to find the trend (the price channel and so on) and follow the news. To trade with the trend, news, kickbacks, ambitie from the walls of the channel and the other is a question that everyone must answer for himself. Intraday trading on average more profitable than positional, because of the larger number of transactions and their significant volume. In position trading volumes will be smaller, and a good profit is possible only in the case of a strong trend.

Scalping as aggressive Forex trading


Scalpers are the most aggressive traders. Tens and hundreds of transactions per trading session - it looks like their Forex trading. For scalping need nerves of steel, a great experience and exposure. Probably the most profitable way of trading, but also the most risky.

Conclusions
Learn technical analysis. Learn from other successful traders (for example, Stanislav Poloveckogo, Alexei Loboda or Vladislav Gillki). Keep a diary and constantly analyze their trade. Set a goal and go for it. The only way you will become one of the successful traders.

When you earn your first money on Forex, you will see that mental work really well paid. Good luck to you!

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Pin Bar Trading Strategy - Price Action Setups

By
Pin Bars - Price Action setups The tops of the bars on each side "nose" are the "eyes". Please note that Open and Close PB, ie nose should be in the redistribution of the left eye. Pin-bar can be traded as a single figure, and in combination with others. These include Fibonacci levels, important pivot levels (reversals), moving averages, peaks and main swing, fusion (the MA or Fib levels), rollbacks of current movements (not less than 23% Fib). For greatest reliability worth trade PB occurring at the maximum or minimum swing, or repelled from the merger. Figure 2 PinBar - a very reliable pattern Price Action. Trading on the pin-bars For beginners we recommend to put a stop order (or limit) directly under the base of the PB, about 10 points lower. Foot and input orders should be placed in 10 locations from the extrema, as the price may be a bit to go beyond the maximum or minimum. Figure 3 If current orders we receive profits, trail the...
Post a Comment
Read more

Forex Strategy - Vegas - Wave (gain 352 points)

By
Forex Strategy - Vegas-Wave (gain 352 points) Work as usual with a reliable dealing center . A bit of theory. For the EMA (144) with a well-defined trend characterized by the fact that it appears the level of support for the price. When the price crosses the EMA (144) is formed signal, whereby the trend is likely to change its direction. Signal for opening positions according to the strategy Forex on the moving average method "Vegas-Wave" acts penetration channel EMA. The resulting fractal will act as an additional filter - at his trial, and exhibited a pending order. To fix the profits can be used Elliott Wave Theory + levels and Fibonacci extension , which are measured from the first wave of Elliott the current trend. Algorithm trade strategy based on moving averages "Vegas-Wave" When the price above the price channel - a "buy zone" below - "area sales." When penetration top price channel formed EMA (144) and (169), after whic...
Post a Comment
Read more

Price action - trade without indicators

By
Price Action - trade without indicators Take a look at the picture. Regular schedule, is not it? As we know, the price moves in waves (zigzags). And if the start price movement, the trend in this direction is maintained. If a trader enters during a small correction (rollback prices against the main trend) - a cost-effective entry point. Connect the top and bottom. Now you will notice the trend movement, first down, then up. In the first half of the graph, you can search for points of entry for sale at rollback prices up, the second - to buy when the price moves down. 2. Price Action - look at the shadows of candles What is the shadow of a candle? This is the price levels of the Open and / or Close. If the shadows are long, it is possible to understand that the price met resistance, then turned around and headed in the opposite direction (in the direction of the candle body). This suggests the market moves too fast and strong players who have managed to deploy it. If we want to make m...
Post a Comment
Read more