Forex trader


Any Forex trader from India use Marketiva?

Is Marketiva reliable? How do you withdraw your money? Do they pay you your money?

if you’re looking for a reliable Forex Platform, i would recommend this site. you can start trading with as little as US$100, use your credit card for instant deposit, Guaranteed Stop-Loss Rate, Freeze the Rate you see (Freeze&Trade)
No hidden costs, Competitive spreads, No download of software, Live Quotes, real-time

30 Rules to be a Successful Forex Trader

30 Forex Trading Rules to Your Trading Success

Trading Principles

When you start out trading the key element that you must set up are the principles and guidelines for how you are going to trade. By implementing these rules and principles you are increasing your chances of becoming a successful forex trader. As without principles and guidelines you are trading without a goal in mind- so why are you trading?. Over 90% of Forex Traders will end up going broke and not making money from the marketplace, and the one of the key causes is because they have no principles and they also lack discipline. Here are some principles to Get you started towards becoming a successful forex trader.

The other question you need to ask yourself is do you really want this? What are the reasons that you are doing this? If you right this down and continually look at the reasons why  you will increase your chances of becoming a successful trader.

At the CFD FX REPORT we are big believers in these principles and we make sure that we are continually developing our members on getting better traders.

If you are looking for a great Forex Broker that can help you implement these rules then please feel free to contact us support@cfdfxreport.com

The 30 Rules to Follow to Forex Trading Success:

1. You should never over-trade- Don’t trade for trades sake, you will lose otherwise
2. Make sure that you never risk more than 10% of your trading capital in a single trade, protecting your capital is very important. There will be more trade opportunities
3. Ensure that you never trade without careful stops and use trailing stops
4. Don’t cancel a stop-loss after setting the trade- other than get out
5. Never average down on a suffering trade
6. When you get into a profit never let it run into a loss.
7. Never buy or sell just because the price is low or high, as what is high and low
8. Never try to think tops or bottoms- otherwise go to the casino and pick black or red
9. You should never limit a profiting trade, instead move your stops to guarantee a profit- ideal trading is as soon as you get into a good profit at aleast ensure a break even
10. You should never close a position toget out of the marketplace because you have lost patience or get in because you are anxious from waiting.
11. Please never hedge a losing position.
12. Never change your position or close a trade without a great reason.
13. Never follow a blind man’s advice, everyone has trading certainties. Use systematically approach
14. Make sure that you never enter a trade if you are unsure of the trend. Never buck a trend. Remember the rule TREND IS YOUR FRIEND
15. Try to avoid scalping for little profits and taking large losses if you scalp you need tight stops
16. Avoid trading after long periods of failure- take a break, re look at your goals.
17. If you have a great run don’t keep raising your trade size, otherwise you will blow yourself up. Remember great runs will come to an end, and sometimes great runs turn into bad runs.

18. Avoid getting in misguided or getting in right and out wrong, making a big mistake.
19. Always identify firm support/resistance levels.
20. Always lock in a profit at predetermined increments on profiting trades.
21. EVERY trade must have stop losses
22. Always distribute your risk equally among different markets.
23. Don’t be a one trick pony, make money from both sides of the marketplace
24. Always reduce trading after the first loss; never increase, it is ideal if you use equal trade sizes, do not double up and try and get your money back.
25. Always cut your losses short and let your profits run- remember learning to take a loss is the first step to trading success.
26. When in doubt, get out. Do not get in when in doubt- back yourself if it doesn’t feel right don’t do it. Follow your gut sometimes as most of the time it is right.
27. Only trade active markets- illiquid markets will leave you thirsty- remember small markets are easy to get in, but remember you always have to get out. This is why forex trading is so popular.
28. Only pyramid trades that have a firm trend and should be accomplished once the price has crossed support/resistance.
29. Profits from a successful trade should be saved for future trade security deposits or put somewhere else, spread the risk.

30. Make sure you follow your rules

Extra Trading Tools:

Who are you? Are you a risk taker? Can you afford to lose money? First thing to do is to understand yourself the type of trader that you are, whether aggressive or conservative, long-term or short.

If you are short term and trade goes bad, cut it, don’t become a long term trader, other than you buying and hoping, not even buying and holding.
Have a trading strategy before entering the market. Know before the trade is executed where you will take profits/loss.

Understand why a win/loss occurred and how you could of made the trade better.
Consistency is the key to trading success, without it you have nothing.
Your assessment is the only care, do not let outside factors affect the way you trade.
Not everyone can be a trader, deem yourself worthy if given this opportunity.

Most importantly have fun and stick to your rules and hopefully by following these rules they will increase your chances to becoming a successful forex trader. 

I hope this helps you achieve your goals.

Happy Trading

About the Author

CFD FX Report www.cfdfxreport.com is a real time tool for clients with an interest in the trading of stocks, indices and commodities globally.CFDs (Contracts For Differences) are one of the worlds’ fastest growing trading instruments that allows clients to profit from a rising and falling market. The CFD FX Report is a company comprising of expert traders that analyse the market daily and are able to make recommendations for the following day trades based on this analysis. The CFD FX Report is released everyday at 6.30 p.m. (Singapore time) for review by the clients for the next trading day.
We provide sms

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Forex traders



Was December a bad month for Forex Traders?

I’ve heard a few traders say they were down in dec. Was the market generally “anti-predictable” during the month, resulting in losses?

Traditionally December is a low volume month in terms of foreign exchange. Most people are not traveling over seas for the holidays, and many traders are not trading as much the last 2 weeks of the month.

Here is a link to a forum that discuss’s Forex Trading. There are some good traders here:
http://talkgold.com/forum/f19-.html

Becoming a Forex Trader in the Competitive World of Forex Trading

In the current economy many individuals have become interested in the world of Foreign Exchange Trading. The potential to profit and succeed in the world’s foreign exchange market is an incredible lure to many. In addition to the financial success and profit that might be gained many are interested in the apparent ease of foreign exchange trading now that many web sites have been established that will help anyone with a computer and Internet connection get involved in the world of Forex trading. Before jumping into the world of foreign exchange trading a new Forex trader has several things to keep in mind.

If you are an individual that is completely brand new to the competitive world of Forex trading you must be familiar with the factors that will help make you successful in this new venture. Experience with trading stock is not always enough since foreign exchange trading can be extremely difficult for someone with no experience. You must be able to understand the trade of currency and be able to manage yourself, your stress, and your business decisions in order to achieve long term financial success. When you become a Forex trader you must keep these three things in mind in order to succeed

First of all, you must be in complete control of our emotions. Some Forex traders that have the ability to succeed do not because they are not able to effectively manage their emotions. The foreign exchange market is competitive and sometimes brutal but it is possible to compete and come out on top without taking things personally. Being influenced by competitors will often lead to unwise trades that are based entirely on a need to upstage someone or prove a point to oneself or a competitor that may not even be aware of what you are doing or why you are doing it. Forex traders that make important decisions based entirely on emotion will more often than not end up in a disastrous financial situation.

Secondly, you must stay current with all world news if you want to be an efficient Forex trader. Many currencies will change based on news that might seem totally unrelated to the financially industry. Nearly all major news that is released will impact a market somewhere in the world and therefore it will eventually affect you. By staying current with world news you will always be prepared for changes in the foreign exchange market.

Lastly, invest in good equipment and software. If you are an individual that has decided to become a Forex Trader because of recent advancements that allow Internet trading make sure you have the proper equipment. Make sure that your computer is well maintained and reliable and also make sure that you have a stable Internet connection. Do not lose money and stunt your career as a Forex Trader because you are at the mercy of a faulty computer and completely unreliable Internet connection. Also, invest in Forex software. There are many different, completely affordable, automated Forex software’s on the market that will let you automatically sort through graphs and data to help you find new trends that can ultimately lead to more profit.

About the Author

This article prepared for StarFXCapital a private
Forex Investment club
whose website is
http://www.starfxcapital.com
You can read an individual retail
forex trader
blog at this
forex blog
or receive free
Forex Training
at
http://www.fasttrackforex.com

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Forex traders

Forex Trader Forum, Where Forex Traders Talk About Forex

Forex Trading Strategies in Timing

Savvy forex traders often pinpoint the opportunities in forex trading and persist to time the industry so they know precisely when the right time is to trade, or buy. The problem is many traders buy at the wrong time, although they have monitored, explored, and checked the quotes daily. In addition, these people tend to bank on the notion that buying in forex is best when the market is low and the traders are pulling back.

At the entry level in forex, many traders erroneously time forex marketing without realizing how to fittingly, utilize pullback and the level of support.

Forex marketing has a strategy that many traders overlook. The prime strategy, which many forex traders believe is the key to profiting in the forex industry is the buying low and selling high strategy. Unfortunately, these traders are wrong, since it is a key to loosing instead.

Support in forex industry is when chronological value or pricing comes in from traders who “Buy.”

The mission behind buying is to provide support for the Forex Market exchange, as well as to analyze, examine, experiment, investigate, etc, the markets in Forex Currencies and exchange. Each time the traders test forex, it authenticates support.

Resistance becomes sizeable in the forex industry only when the levels of “resistance” is charted, i.e. at what time the levels of forex value, or pricing refuses to give in to jumping to a higher listing.

For this reason, at what time forex traders venture on buying low and selling high, they are making a big mistake. Traders who delay in forex trading markets will often recoil, or retract at the time some of the biggest deals transpire in the forex industry.

In short, the trends are what traders want to stay aware to, yet most traders will resist. Why, because the traders often feel uneasy at the times when other traders resisting buying and selling in forex.

Now, if you want to get ahead in forex trading and use strategies to win, I recommend you read the book on emotions, or the keys to success. No, these are not actual titles, yet visit your library to find relating material because what you are going to have to do to win in forex trading, is become friends to your discomfort.

Most people feel discomfort will experience distress, anxiety, and often it is because they fear embarrassment. The disadvantage of this way of thinking is that, most times the fears are exaggerated and the one fearing is the one who looses at the end.

Another big failure in life is that most people feel that if they are not on the normal level of thinking, they are not accepted and are set apart from the world. Read your history because you will find that the vast majority of those who succeeding in life, where different. That is they did not think on the terms of normal society. These people often win also in forex trading, since they set strategies apart from the rest.

In short, fear is the mechanism behind all failures. Now to sum up the best times to buy in forex trading. The best times to buy in trading industries, such as forex is when the market is “high” and traders are not resisting, or pulling back. In summary, when you use strategies in forex trading such as buying “high” and selling “higher,” you are off to a grand start in winning in the forex industry. As well, you have setup Forex Trading Strategies that set you apart from the rest, which means your chances of winning are higher

About the Author

J. Martino Recommends that you visit http://www.forextraderforum.com for more information on Forex Trader Forum.

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