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Showing results for tags 'forex signals provider'.
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Forex market trading strategies If you strive to become a successful Forex trader, you need to create your personal trading strategy. In the trading practice there is no trading strategy, which could be equally suitable for all traders. Every trader should create a trading strategy by himself, which would be suitable for the trading conditions by all parameters. There are traders, who are guided only by technical analysis when trading, while others prefer fundamental analysis. But there are such traders, who carry out both technical and fundamental analysis in order to determine the most appropriate points of the market entry and exit. Technical analysis supposes a concept, that prices are moved by trends. There is an established phrase “trend is your friend”. All the movements on the market have their images, which were studied over years. http://www.signals-provider.com
4 Pitfalls of Demo Accounts A forex demo account is a very important tool for assessing a broker’s platform, testing your technical analysis skills and lots more. Using a demo account is highly recommended. Yet it doesn’t fully prepare you for the real thing. Here are 4 pitfalls for demo accounts, and solutions for part of them. Demo trading doesn’t include execution problems: Even the best brokers with a strong reputation and many liquidity providers cannot avoid a failed execution of your orders. This is reality, especially in extremely volatile market conditions. Execution in demo accounts doesn’t fully mimic real accounts. Unfortunately there’s no solution for this issue, and this doesn’t mean you should skip demo trading. Just be aware of this.
Stocks vs Forex The foreign exchange market might seem very similar to other financial markets to some people. On the surface, the forex exchange has many similarities to the stock exchange. However, there are a number of differences. Below is a breakdown of some of the major differences that might not be obvious to everyone. The Marketplace The stock market is a centralized market, meaning that it is located mainly in one place: the New York Stock Exchange (NYSE). All trades enter and exit from that location. Forex is not centralized, and is considered an over-the-counter (or OTC) exchange. Trading Hours The stock market is operated on a strict schedule. So is the forex market. However, the stock market operates for 8 hours per day and then shuts down. Traders have to wait until the next morning to start trading again. There is no downtime in the forex market. It’s operated 24 hours a day in 3 shifts, 365 days a year. The forex trading hours in the U.S., Asian and European markets overlap, so trading at any time of the day or night is seamless. http://www.signals-provider.com
GOLDEN RULES FOR TRADING Divide your Risk Capital in 10 Equal Parts. As part of the Successful money management, it is always advised to divide your Risk Capital (which you can afford to lose) into 10 equal Parts and at any given time none of your Single Trade should have more than 3 parts of your capital in it even if you are in a winning position. At the same time always keep some spare money for any Buying Opportunity, which may come any time. Trade ONLY in active & high Volume Stocks/ Futures. Many Traders get stuck with stocks for want of liquidity. Always rely upon Stocks which have reasonably high volume over a period of time. High Volume are always advised for easy Entry, Exit and Stop Loss. In low volume stocks the spread is too high and chance of Stop Loss limit getting failed is too high as there would be no Buyer or seller at your Stop Loss Level. http://www.signals-provider.com
I can see the blooming motivation of a beginner trader transpire through this question. You’ve just discovered forex trading and you’re wondering “gee, could I do this, like, all the time!?” Well the answer is almost. The forex market is a 24/5 market. It simply means that the forex market is opened for 24 hours every working days of the week. Depending on your time zone, it opens on Sunday night (at 10PM GMT) and closes on Friday night (at 10PM GMT). As you can see, the forex market is actually closed during weekends. I remember back when I first started trading forex I was so disappointed that it would be closed on weekends. I wanted to trade more! After a while though I realized that I actually needed to sleep once in a while and having free weekends became a pretty cool thing. Obviously it was at this point that I decided to do some intensive testing for different strategies and I couldn’t do that during the week (trading time!) so I decided to test during weekends. Sleeping time was over. The market being open is not enough a reason to be trading. There are several reasons for this. 1) You need to rest Weird to start from there, but I think it’s an important point. As a beginner forex trader, you might start to get obsessed with trading and will want to spend all your waking hours looking at candles going up and down. You need to sleep. The market will still be there tomorrow. Have a rest, get away from your computer and think things over. I’ve had my most important forex trading breakthroughs away from the computer. You could be spreading bread on a piece of toast and suddenly realise “heyyy, here’s something I should be testing!” 2) The market conditions are not always great As you’ve learned by going through our forex training (if you haven’t, shame on you), the forex market is divided in several sessions. Some sessions are more active than others. Thankfully for us in the UK, the UK session is the most active session of all.