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Tradingtips_4

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Posts posted by Tradingtips_4


  1. Hi

    i would like to throw some light on the Forex tips:

    1. Know yourself. Define your risk tolerance

    2. Plan your goals

    3. Choose your broker carefully

    4. Pick your account type, and leverage ratio in accordance with your needs and expectations.

    5. Begin with small sums, increase the size of your account through organic gains, not by greater deposits.

    6. Focus on a single currency pair, expand as you better your skills.

    7. Take notes. Study your success and failure.

    8.Study the markets, fundamentals, and technical factors leading the price action.

    9. Don’t give up.

    KRegds


  2. Hello everyone

    I would like to throw some light on the topic of this forum i.e considerations for a Wannabe trader below:

    --First and foremost, just read the market and follow the news. Pay attention to how the market reacts to something and how brokers make calls on some stocks. What their criteria is.

    -- Secondly, just start with small amount of money on something which you think is worth making call on (on the basis of your study)

    -- Dont forget to keep a track of the market trends. Monitor the stocks sector wise and keep an eye on fundamentals of the stock you are investing in.

    -- Gather more on losses i.e if you are sure that the company is having solid fundamentals, sell on gains.

    --- Be patient and always keep a time frame. Follow the resistance and support levels.

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