Category Archives: Forex Trading

How To Unlock Your Trading Success

Forex trading is quite lucrative especially if you know how to unlock your trading success. There are several tips or coaching features that can make it easier for you to realize greater profits and get better returns. The best forex traders hone their skills by practicing, taking note of a few essential tips and exercising discipline. The following tips should help you make not only make smarter decisions but also more profitable trades.

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Define your goals

This is one of the most essential steps to being a successful trader. The trick is to define your goals and choose a trading style that is compatible with those goals. You have to be sure that the method of trading you choose is capable of achieving those goals. Each trading style requires a different approach and has a different risk profile. Consequently, you require a different approach and attitude to successfully trade.

Choose the right broker

It is important that you choose a broker who is not only reliable but also offers a forex platform that allows you to do the analysis you require. One such platform is www.usgfx.com which has many quality features and benefits. You may have to spend time comparing different brokers and researching the differences between them. Knowing and understanding each broker’s policies and how he or he goes about the market can be very helpful. Choose a methodology and be consistent

The forex market is very dynamic and you want to choose a methodology that is adaptive. Before entering any market as a trader, you should have an idea of how you will make decisions and execute trades. Whether you choose to use fundamental analysis and or technical analysis, remember to be consistent.

Focus on your trades and learn to love small losses

Once you have funded your account for trading purposes, the most important point to note is that your money is at risk. This means that you should not consider such money for payment of bills or living expenses. Consider the trading money as spent once it is over. Having the same attitude toward trading will also psychologically prepare you to accept small losses. This is a crucial factor to risk management. By so doing, you will be a more successful trader.

You also want to leverage your trades to a small percentage of your total funds. Never let any trade lose more than what you are willing to lose from your total investment. The main idea is to minimize risk until you are more knowledgeable and willing to risk more.

Keep a printed record

Keeping a printed record is one of the best tools a trader can use to learn. It entails printing out a chart and listing all the reasons for the trade, including the reasons that inform your decisions. You can also make any relevant comments and file the records so you can use them for reference purposes.

A Better FX Broker

At GoForex we are always on the lookout for brokers. New and old. And recently, a favorite of many, has come to our attention again. One of the great things about them is the fact that they are always running great ad campaigns, with nice extras for when you decide to open a new account with them.

The broker I want to draw your attention to is IronFX. We have collected a great number of positive user reviews about them and personally we are really satisfied using them.

And their current promotion is literally out of this world! Because you can win A TRIP TO SPACE! How awesome is that!? And that is not all, because if you win you get to be the first trader to trade from space!

It doesn’t come for nothing of course, so you will have to compete in a trading competition organized by Iron FX. Where you will be competing with other traders and test your and their luck. But all you have to do is sign up and open a trading account with them. It’s that easy. But that is not all… Traders will compete for the ultimate prize of a phenomenal experience on a suborbital spaceflight, worth $250,000 or choose $100,000 in cash! So you don’t have to go, if you are scare of heights. One hundred runners-up will also receive between $100 and $5,000 cash prize! Does that sound good, or what?

You can click here to sign up for the competition.

Good luck! And safe trading.

How To Increase Your Wealth With Prime Trade

If you are in need of an excellent broker, but feel confused and even a bit apprehensive about putting your trust in one, then you need to put your trust in www.primetrade.com.tr.

Prime Trade is a new way to invest. It’s old fashioned in that the goal is to increase your wealth, but it’s new in its approach because you are getting to see everything online plus be in constant touch with your money. You also maintain contact with your excellent broker.

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And by the way, that excellent broker is you.

How to Join

It takes about five minutes to join. That’s it. The process proves completely hassle free and even better…it’s actually free. That’s right, there’s no cost to join.

The site is available in Turkish and English. Just choose what you want and get ready to trade.

Trading Hours

Most instruments trading occurs on a 24 hour clock with no interruption. This make trading ideal for people who work on tight schedules and can’t always interact with a broker.

This means that from the opening of the market on Sunday, 21:00 (9:00pm) GMT until the closing of the market on Friday, 20:00 GMT (8:00 pm), you can trade without being bothered by other concerns.

Exceptions to this include public holidays, seasonal time variances, and unusual global events that lead to dramatic liquidity events. There are also some instruments that command their own trading schedule, so you should check the website for further information.

Reasons for Not Using a Broker

A broker costs a tremendous amount of money, so the most savvy traders learn to be their own brokers.

After all, you know what matters the most to you and how far you can really push it with your trades. You don’t need a broker to tell you to invest when you really shouldn’t. You don’t need a broker to tell you to hold back when you really need to push forward. It’s your money, after all. No one knows it better than you.

Of course, paying a broker a hefty commission turns out to be a great thing in some cases. But in general, most people who pay attention to the market can make their own trades, especially with all the information that exists online.

All it takes is a dedication to research, watching the clocks, and being able to go with your gut. The best place to put all this to use is onwww.primetrade.com.tr. Our site even offers a helpful Economic Calendar where you will gain invaluable information about your trades.

You don’t need to pay a broker for that when it’s there for you to use, free.

Reviews

If you want a great review of Primetrade, you can find more than just a great review. You can find many. All you need to do is search online with our name and see what pops up.

In fact, we want you to do this so you can see how satisfied our clients are with what we provide.

Ready to Go

If you are serious about making the market work to your advantage, check out Pimetrade today.