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every business will run better when we work with the plan of it job. Instant trading without any plan will not earn money so well, mostly will make us losses money. Before start trading we must have target to reach, we make plan to make it, we make plan to protect if unpredictable condition appear. and we finish our trades when our target reach, but I mostly deal if already earn 50%.
Dear members before u start forex trading, in calcuation ur following points
1> how to use their influence
2>, which strategy to use to open trade.
3>, which strategy to use in order to make a profit and stop loss.
4> How much you want to invest in one store
5> Finally, what strategies will you use to manage money
first you learn some thing and then try it in demo account and then you find some difficulties and problems then find the solution for them aslo then when you think you know and have knowledge then you come in live and apply your exprnce here
Investments began to support the guidelines. In addition, this article needs to be based on productive investment. Article 1 of the new trade theory, discussion groups, including downloads and get a great experience in the future, you can learn to see it. Experienced and seasoned entrepreneurs also traders who really new can be very useful.
I think it would be better before making a trade, we pray first, ask God to give ease of luck in this business, then we prepare everything that is important to trade, such as the analysis and prediction of the market, and prepare a strategy to make a profit, if everything we have done, we are ready to start trading.
How to use leverageQuote:
Originally Posted by alamayreh
When you start Forex trading, you buy the amount of currency, termed a lot. Amount of currency in one lot depends on the type of account you have. In a standard account, one lot is usually equal to U.S. $ 100,000, in a mini account, one lot is $ 10,000.
But leveraged Forex trading account, which means you do not have to have a lot of expensive that currency, you just have to control, and if you do, any profit it generates is yours. To earn the right to control a lot of currency, you put up a much smaller amount of money in such a rental agreement called a margin deposit. In a standard account, to control that U.S. $ 100,000, you have to put up $ 1,000 of your own money, in a mini account, to control $ 10,000, you need to put up $ 100.
Leverage affects the amount of profit you earn, too. In a standard account, one pip of a currency pair that have the U.S. dollar as the base is equal to U.S. $ 10; in a mini account, a pip is equivalent to $ 1. This means that, if you really predict the movement of the market and execute trades you get two hundred pips (not a realistic goal), if you have a standard account, your profit would be $ 2,000, if you have a mini account, its $ 200.
To maximize your profits in Forex trading, you do not need to trade a standard account and not in any novice trader can afford. Conversely, if you believe you have a good estimate on the market, you can trade more than one lot. To continue the example above, if you received a successful trade you two hundred pips and you had purchased five lots of the currency, in a mini account you will put up $ 500 of their own moneybut gain of $ 1,000 (two hundred pips times five lots) . In a standard account, you will be put up $ 5,000 and earned $ 10,000.
The number of lots you can trade depends on the margin in your account. Thats not the amount you deposited; which also includes any open trades, you have to walk, taking into account any gain or loss you may incur.
There are two types of orders that can be placed in Forex trading. The most common type is called a market order, and it is only buy or sell a currency pair at the market price would be. This sort of trade quickly arrangedwith some online trading platforms, one click can do the order you want to place it when the market is moving fast. ITSO (If you do the one-click, always edit the trade to put in stop-loss, more on that in a minute.)
Another type of order called the entry order, and what you use when you want to buy or sell a currency pair but only at a certain price. For instance, GBP / USD is range-bound, moving sideways in a channel, up and down but not far enough to entice you to trade.
But there are indications that the cables may get out of the channel. So you can place an entry order to buy, but only after the price rises above a certain point. If the cable is broken, your order will be triggered, and you will buy a currency pair when the price rises above a pre-set your point. If it does not, you arent stuck with a currency pair thats everywhere, and entry orders are still active will cancel after a certain period of time.
A stop, also called stop-loss, is a pre-arranged point where you decide you want to get out of a losing trade. Limit, also called take-profit, is a pre-arranged point where you decide you want to get out of a winning trade. Although it may not seem so on the surface, both are important. Correct use stops and limits the extent to define your risk and encourages disciplined trading
Dear people on the foreign exchange trading until you begin moving normal water calcluation
1> how to utilize electrical power involving
2> What Tactics are employed with deal.
3> exactly what approaches are employed halt reduction assortment.
4> the amount of you want to invest in this retailer
5> Finally may be the applied techniques.
Forex is the best online earning place in the world. Forex really need to know about Forex business. So before treading one should study in and gain knowledge about Forex business. Before treading one open a demo account and flow the movement of the market.
whenever we are going to start the forex tradings then we should see the movements in the market. like if the market has move too much then we can take risks to get some pips from this movement.
need analysis calculations run business trading in accordance risks must be clear and the calculation of loss in transactions using natural analysis set appropriate capital to run the business and capital and trading plan with best planQuote:
Originally Posted by Onion