How to play forex With me

How to play forex | The new play for you as a forex trader or also old profession as a trader but the result has not been fullest, let’s look back how to play forex, hopefully after reading it there trading we become better.
If his activity judging from how to play forex is easy, simply click on the computer mouse we can perform forex transactions regardless of the amount.But behind the brain a trader always spinning thinking where the market goes. And part of the difficulty is when deciding to start a transaction. Sometimes doubts surrounding our minds, even though we’ve seen a signal which means it’s time to make deals, but due to doubts often we miss the moment, moment in which an opportunity to make money.So our hearts are sure to Transact, it turns out the price already move away or reverse direction.

Forex trading
Therefore practice to believe in our strategy and the way our analysis.To reach this stage believes we can do a test back. After seeing the test results back that we could trust with our analysis and strategy.Because we can see how accurate our strategy. Armed with this mental accuracy value we are getting increased.
Back to how to play forex, for I assure you new players play forex is easy. There’s nothing to fear, we all are the solution. Even when our predictions wrong we could minimize the risk of loss management techniques.
Here’s how to play forex in General:
1. Select the type of pairs that you are operating with for example EUR/USD, GBP/USD, USD/JPY or otherwise. choose which pair is the most predictable and understood his character.
2. Do the analysis where charts the pair will move.Here we can use analysis, either fundamental analysis or technical analysis.For the novice trader you should use how technical analysis because of the way this analysis much easier. You don’t need to understand the two types of analyses at one time.Ahold of them and be her master.
3. after the predictable search direction signals for entry.The point is so that we can enter the market at the right point so that the benefits of more disadvantage and potential maximum becomes smaller.
4. once the signal comes up, immediately open position.If the signal up, open a BUY position. If the signal is down, open positions SELL.So now we have an open position that will bring results.
5. Further modifications to an open position.To limit losses that do not reach large, place a stoploss at the open position.To secure the profit which has been obtained from reversal of direction put the profit target.
6. close the open position.If after some time the price market has not yet hit the target profit or stop loss can we close it.But the reason must be:
– Because the position was profit, and predicted prices would not touch the target profit.
– Because the position was a loss and is expected to touch the stop loss
With close a position means ended a deal. next we can repeat it again from the beginning.Actually just the core how to play forex.But in practice seems to play forex it is difficult because we are more focused on analysis.Most of the time we are devoted to the process of analysis because it is the right way to play forex is always preceded by analysis. the analysis to determine:
1. Directions
2. the Entry point
3. Target profit
4. Stop loss
After the fourth note, then continue transactions with on the value of four. Then just wait for the result.

How to play forex With me
That’s how fundamentally playforex, hopefully we can correct the way the main forex us over and start again with the correct way to play forex for future.
Hopefully this is helpful, the discussion of how to play forex.    

An easy way to improve the performance of forex

A simple trading plan can be applied in the forex market are complex and difficult to predict, impressed. Nial Fuller, a mentor and forex trader expose the simple ways that can improve the performance of trade, especially for the novice trader or the trading plan confusion still. It takes only the discipline to always follow trading plan.

The first step: trading only on major currency pairs and gold
Try trading on major currency pairs are popular including the cross-rate, as well as the commodity gold, among others: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY and the XAU/USD. You don’t have to analyze 20 currency pairs or more. If there is a significant movement in the market will usually look at the price action of the tenth pair. The ninth gold currency pairs and they also include the popular among traders.

second step: trading on just the daily time frame
The daily Time frame is one of the popular. Many analysts and observers use chart daily in providing analysis and prediction. The daily Time frame gives a clearer picture of the market, unlike the lower time frame tends to be a lot of noise and the error signal. In addition to the daily time frame is more clear in describing the movement of the market price so as to improve the capability of analysis in the long term or short term. Price action on the daily chart are more reflective of market sentiment in General.

third Step: identify a clear trading signals with a simple criteria
The signal is determined based on your trading strategy. Try to make a simple and obvious strategy, avoid using a lot of technical indicators that seemed complex and difficult to analyze. Preferred indicator of importance, especially the trend and momentum indicators.
An easy way to improve the performance of forex – do you have a trading plan which is updated on a regular basis every time it entered the market, or just open a trading chart at random and try to find opportunities for entry without a logical reason? A clear plan will help you find the ” road map ” for achieving the objectives. Without a plan you will have difficulty in doing any work, especially in forex trading. In the absence of clear instructions about what you want to do for a simple job, it usually will cause confusion and tends to cause failure. Instead a simple plans can often resolve complex work which impressed.

An easy way to improve the performance of forex
An easy way to improve the performance of forex

fourth Step: apply money management
Plan and apply money management by determining the risk per trade, lot size and the risk/reward ratio. Big risk per trade is measured by the value of the money, not with the pip, and is usually determined in percentage from the capital or balance in our trading account every opens a position. The popular applied is 2% of the balance. Then specify the size of the lot size per trade or position sizing. With great risk, position sizing in the value of money will always be the same regardless of the stop loss (in PIPs) that you specify.

In order that maximum results are obtained in the long term, the risk/reward ratio should be set greater than 1: 1. Usually between 1: 1 to 1: 2, but you have to be realistic and objective according to market conditions at that time. Trading strategies and money management is a key component in the trading plan to run simultaneously. Money management will work well only if we control and sure on trading strategies that we use to produce a consistent profit in the long run.

Step five: keep a journal for evaluation
Make sure you have worked according to plan by making trading trading journal as a means of evaluation. Without the continuous evaluation and routine you will not know your performance in trading. The evaluation is needed in order to improve or even improve the performance of your trading.

Follow the steps above with the disciplined and try it for a few months. If the result is less according to expectations, or the development of your trading account is slow, try to improve trading strategies trading signals with different criteria. – An easy way to improve the performance of forex

What is Online Forex Trading

What is Online Forex Trading? – These days we often heard the word Forex market. Many of us don’t know what Forex market is. There is also not much information available in daily newspapers about Forex market. Forex trading market is a currency market. People come and trade their money to earn more money out of the Forex market. As we know that every country has its own currency. When you give one currency to purchase the other currency or you sell other currency to get your currency, then the process is known as trading in Forex market. It is nothing but a currency exchange. People get a chance to earn money due to the high fluctuation in the Forex market. So, out of the above you can understand that Forex trading market is a currency market and players to this market exchange currency on keeping their main objective to earn more currency. A few years ago, the Forex trading was limited mainly to gigantic money center banks and other financial institutional traders. But, in the recent  years, new technological innovations and development of the online trading software, like the one used by FX, permit several small forex traders to take the benefits of currency trading with the foreign exchange. Initially, when the era of Forex trading began, only the big enterprises could access the forex trading countenance in the inter-bank business within the world. However, quite recently the forex market has become more accessible to the private clients.
Most of the people thing as earning money in Forex market is very easy but it is very tough. Lacks and lacks of people come regularly to this market but very few out of them can able to earn money and stay for the longer time. There is no process defined to success in the Forex market. But the basics of Forex market are defined and one must try to follow it to maximize the probability of success in the Forex market. One has to plan his entry to this market. You must know Forex market very well. You must go through one of the Forex market course. You must have practice through Forex market dummy accounts. You must get the best Forex software that suits your requirements of Forex market. You must take the help of the experts in the form of Forex market alerts or Forex market technical analysis techniques for your trade in Forex market. All of these points will be explained in coming chapter so that you can make your entry counted. The online forex trading permits an individual to open an account and profitably invest in several types of foreign currencies through the Internet. The online forex trader is provided with software, which gives him the ability to manage the trading account with a Multilanguage facility, besides the other tools and analysis that makes investing money an easy and profitable job.

The online forex trader provides a protected environment for the investors or company who opts to carry out the online forex trading. To be able to operate the software in this protected environment, the investor needs to have a computer system and Internet connection that will effectively run the forex without any glitch. What is Online Forex Trading