Forex Currency Tips and Tricks for Beginners Forex Mt4 ...

Ekue Kinvi | Tips and Tricks For Forex Beginners

Ekue Kinvi | Tips and Tricks For Forex Beginners
Not many people in the forex market are willing to reveal their top secrets for forex success and the beginners that have only recently grown fond of trading in the forex market are more lost than ever when it comes to trading and often times they just jump right in and suffer loses which in the long run demoralizes them and they just abandon trading forex.
https://preview.redd.it/qqfjr5ti9vk41.png?width=1200&format=png&auto=webp&s=4fad0dcab836f1f2b87068fab65d8a04938eaf48
submitted by EkueKinvi to u/EkueKinvi [link] [comments]

FREE: Build a Successful Ecommerce, MATLAB for Engineers, Neuro-linguistic Programming, Sıfırdan İleri Seviyeye PHP, Excel Basics [2020] + Advanced in Ms Excel 2019 & Office 365, Complete Guide to Pinterest, Vue JS and Firebase, Complete Modern JavaScript Firebase, Learn C Programming By Examples

FREE: Build a Successful Ecommerce, MATLAB for Engineers, Neuro-linguistic Programming, Sıfırdan İleri Seviyeye PHP, Excel Basics [2020] + Advanced in Ms Excel 2019 & Office 365, Complete Guide to Pinterest, Vue JS and Firebase, Complete Modern JavaScript Firebase, Learn C Programming By Examples

  1. [English] 6h 1m Build a Successful Ecommerce Wordpress site with proper SEO https://www.udemy.com/course/build-ecommerce-wordpress-site-with-seo/?couponCode=ZEESHAN888 2 Days left at this price!
  2. [English] 1h 15m Learning Spring with Spring Boot https://www.udemy.com/course/learning-spring-with-spring-boot/?couponCode=MICROSERVICES 1 Day left at this price!
  3. [English] 8h 0m MATLAB for Engineers | Go from Zero to Hero https://www.udemy.com/course/matlab-for-engineers-go-from-zero-to-hero/?couponCode=ENROLLFREE 2 Days left at this price!
  4. [English] 0h 38m Fast track to ML, Data Science and Steganography https://www.udemy.com/course/fast-track-to-ml-datascience-steganography/?couponCode=06B1E6BBD240B860F234 2 Days left at this price!
  5. [English] 2h 22m Neuro-linguistic Programming - Orientation Course https://www.udemy.com/course/neuro-linguistic-programming-orientation-course/?couponCode=ASHISH2020SEPT 2 Days left at this price!
  6. [Turkish] 9h 14m Sıfırdan İleri Seviyeye PHP Eğitimi https://www.udemy.com/course/sifirdan_ileri_seviyeye_php_egitimi/?couponCode=A0CD4FA6DEB5924F259B 1 Day left at this price!
  7. [English] 5h 35m Excel Basics [2020] + Advanced in Ms Excel 2019 & Office 365 https://www.udemy.com/course/excel-beginner-to-advanced/?couponCode=FREEBESGLOBAL 2 Days left at this price!
  8. [English] 4h 32m Complete Guide to Pinterest & Pinterest Growth 2020 https://www.udemy.com/course/pinheroes/?couponCode=17F04DDF93D864B2B8BE 2 Days left at this price!
  9. [English] 0h 34m Mastering Architectural, Night & HDR Photography https://www.udemy.com/course/mastering-architectural-night-hdr-photography/?couponCode=HDRNSEP2020 2 Days left at this price!
  10. [English] 9h 48m Vue JS and Firebase:Build an iOS and Android chat app (2020) https://www.udemy.com/course/vuejs-and-firebase-build-an-ios-and-android-chat-app/?couponCode=F6FAC2C783F59AB1365A 2 Days left at this price!
  11. [English] 6h 9m Complete Modern JavaScript Firebase BootCamp the beginner https://www.udemy.com/course/complete-modern-javascript-with-firebase-bootcamp-for-beginners/?couponCode=84815025E213743C3EBB 2 Days left at this price!
  12. [English] 5h 5m React - The Complete Guide with React Hook Redux 2020 in 4hr https://www.udemy.com/course/complete-react-course-w-hooks-react-router-redux-usecontext/?couponCode=6E9E8986001B24858992 2 Days left at this price!
  13. [Portuguese] 2h 57m Aprender Português (de Portugal) - Nível iniciante https://www.udemy.com/course/aprender-portugues-de-portugal-nivel-iniciante/?couponCode=853432E2D0B2031C8D08 2 Days left at this price!
  14. [English] 1h 7m Chinese Characters You Must Know for HSK 6 Volume 38 https://www.udemy.com/course/chinese-characters-you-must-know-for-hsk-6-volume-38/?couponCode=CA87E86B82D2C09DE8F3 2 Days left at this price!
  15. [English] 1h 52m Biometric Based Digital Payments. FinTech https://www.udemy.com/course/biometric-based-digital-payments-fintech-anythingfinance-org/?couponCode=ANYTHINGFINANCE.ORG 2 Days left at this price!
  16. [Turkish] 30h 14m C# İle Geleceğin Yazılımcıları https://www.udemy.com/course/c-ile-gelecegin-yazlmcla?couponCode=E7F9A1866237C330D0EF 2 Days left at this price!
  17. [English] 1h 39m Complete Progressive Web App Bootcamp https://www.udemy.com/course/complete-progressive-web-app-bootcamp/?couponCode=1538D5BA1CBCA4619AA3 2 Days left at this price!
  18. [English] 2h 1m Hands on Python3 Regular Expressions for Absolute Beginners https://www.udemy.com/course/hands-on-python3-regular-expression-2020/?couponCode=PYTHONBUDDY 2 Days left at this price!
  19. [English] 0h 53m Python-3 Boot Camp in GUI automation for absolute beginners https://www.udemy.com/course/python-3-boot-camp-in-gui-automation-for-absolute-beginners/?couponCode=PYTHONIER 2 Days left at this price!
  20. [Arabic] 1h 49m تعلم الهكر الأخلاقي https://www.udemy.com/course/arabic-ethical-hacking/?couponCode=FREEBESGLOBAL2020 1 Day left at this price!
  21. [English] 5h 35m Excel Basics [2020] + Advanced in Ms Excel 2019 & Office 365 https://www.udemy.com/course/excel-beginner-to-advanced/?couponCode=FREEBESGLOBAL 2 Days left at this price!
  22. [English] 1h 19m A Motivational Course For Teachers 31 Days of Teacher Praise https://www.udemy.com/course/a-motivational-course-for-teachers-31-days-of-teacher-praise/?couponCode=F282BFA36E8A7D21310A 1 Day left at this price!
  23. [English] 0h 31m Fundamentals of Network Security https://www.udemy.com/course/fundamentals-of-network-security-b/?couponCode=E0D6A512E4B2A569EF88 1 Day left at this price!
  24. [French] 4h 2m FOREX L’ntroduction - Trader le forex de façon autonome https://www.udemy.com/course/introduction-complete-au-forex/?couponCode=EE9B642854910FAB0AC4 2 Days left at this price!
  25. [English] 1h 57m Advanced Microsoft Excel Formulas & Functions Course 2020 https://www.udemy.com/course/advanced-microsoft-excel-formulas-functions/?couponCode=SEP026 2 Days left at this price!
  26. [English] 11h 56m Learn C Programming By Examples : Beginner to Expert Journey https://www.udemy.com/course/test-your-c-programming-skills/?couponCode=SAMSEPTC 1 Day left at this price!
  27. [English] 2h 34m Accounting for ECommerce Business A Complete Study https://www.udemy.com/course/accounting-for-ecommerce-business-a-complete-study/?couponCode=SEPFRC1 1 Day left at this price!
  28. [Spanish] 2h 15m Procreate Pocket de cero a Experto https://www.udemy.com/course/procreate-pocket-de-cero-a-experto/?couponCode=8FC546B6348E8B15DE24 1 Day left at this price!
  29. [Portuguese] 7h 44m MAUTIC 3.0 - Criando Automações de Marketing (Versão 2020) https://www.udemy.com/course/mautic-3-criando-automacoes-de-marketing/?couponCode=NOVOCURSO 1 Day left at this price!
  30. [English] 5h 25m Serverless Framework Bootcamp: Node.js, AWS & Microservices https://www.udemy.com/course/serverless-framework/?couponCode=C9AB3E47D7F7F2662CEC 1 Day left at this price!
  31. [English] 0h 43m Object Oriented Programming in Python - Aided with Diagrams https://www.udemy.com/course/object-oriented-programming-in-python/?couponCode=FLOW.FREEBIES 1 Day left at this price!
  32. [English] 1h 0m Amazon EC2-Amazon Web Services https://www.udemy.com/course/amazon-ec2-course/?couponCode=TRY10FREE207 1 Day left at this price!
  33. [English] 1h 0m Next.js https://www.udemy.com/course/nextjs-course-/?couponCode=TRY10FREE207 1 Day left at this price!
  34. [English] 1h 3m Helm https://www.udemy.com/course/helm-course/?couponCode=TRY10FREE207 1 Day left at this price!
  35. [English] 1h 0m Amazon EKS https://www.udemy.com/course/amazon-eks/?couponCode=TRY10FREE207 1 Day left at this price!
  36. [English] 1h 1m Amazon Sagemaker https://www.udemy.com/course/amazon-sagemake?couponCode=TRY10FREE207 1 Day left at this price!
  37. [English] 1h 0m Amazon Quicksight https://www.udemy.com/course/amazon-quicksight-course/?couponCode=TRY10FREE207 1 Day left at this price!
  38. [English] 1h 7m Amazon Glue https://www.udemy.com/course/amazon-glue/?couponCode=TRY10FREE207 1 Day left at this price!
  39. [English] 0h 30m Minimalist Lifestyle https://www.udemy.com/course/jm-minimalist-lifestyle/?couponCode=1STFREE 1 Day left at this price!
  40. [English] 1h 30m Adobe Animate CC 2020 https://www.udemy.com/course/adobe-animate-cc-2020-master-course/?couponCode=TRY10FREE207 1 Day left at this price!
  41. [English] 1h 33m Adobe Dreamweaver CC 2020 https://www.udemy.com/course/adobe-dreamweaver-cc-2020-master-course/?couponCode=TRY10FREE207 1 Day left at this price!
  42. [English] 2h 29m Learn Photo Editing with Photoshop 2020 https://www.udemy.com/course/learn-photo-editing-with-photoshop-2020/?couponCode=TRY10FREE207 1 Day left at this price!
  43. [English] 6h 27m Build 10 Python Beginner Projects from scratch https://www.udemy.com/course/build-10-python-beginner-projects-from-scratch/?couponCode=6B873A3B8CB992EA348B 1 Day left at this price!
  44. [English] 2h 20m STL - Standard Template Library And DSA Interview Questions https://www.udemy.com/course/stl-standard-template-library/?couponCode=A4BD62AC326D42A38D33 1 Day left at this price!
  45. [English] 2h 47m Modern Job Interview Preparation, Tips & Tricks Masterclass https://www.udemy.com/course/modern-job-interview-preparation-tips-tricks-masterclass/?couponCode=MAISHA100 1 Day left at this price!
  46. [English] 6 Free & 16 $0.99 Kindle eBooks : A Practical Guide -Negotiating to Win, Problem Performance Management, Agile Software Testing, Anger Management, Peer Relationships, Decision-making and Problem-solving for Business, Interpersonal Communication, Doing Business Professionally etc https://www.amazon.com/kindle-dbs/entity/authoB0722PZDTH?_encoding=UTF8&offset=0&pageSize=12&searchAlias=stripbooks&sort=price-asc-rank&page=1&langFilter=default#formatSelectorHeader
Best Selling Discounted Courses:
  1. [English] 13h 7m [NEW] AWS Certified Cloud Practitioner Exam Training 2020 $9.99 https://www.udemy.com/course/aws-certified-cloud-practitioner-training-course/?couponCode=AWSCLOUD-SEP
  2. [English] 82h 6m Ultimate PHP, Laravel, CSS & Sass! Learn PHP, Laravel & Sass $9.99 https://www.udemy.com/course/ultimate-php-css-and-sass-enhance-your-javascript-skills/?couponCode=LEARN95
  3. [English] 23h 44m AWS Certified DevOps Engineer: Get 3 Certifications 2020 $9.99 https://www.udemy.com/course/aws-certified-devops-engineer-get-3-certifications/?couponCode=SEEKALL
  4. [English] 82h 20m Ultimate PHP, Laravel, CSS & Sass! Learn PHP, Laravel & Sass $11.39 https://www.udemy.com/course/ultimate-php-css-and-sass-enhance-your-javascript-skills/?couponCode=LEARN95
  5. [English] 31h 16m The Agile Methodology for Project Risk Managers $12.99 https://www.udemy.com/course/the-agile-methodology-for-project-risk-managers/?couponCode=STAYSAFESEPT
  6. [English] 26h 49m Leading Effective Meetings - You Can Lead Effective Meetings $12.99 https://www.udemy.com/course/leading-effective-meetings-you-can-lead-effective-meetings/?couponCode=THANKSSEP
  7. [English] 18h 3m AWS Rekognition: Machine Learning Using Python Masterclass $12.99 https://www.udemy.com/course/aws-rekognition-with-python/?couponCode=SEEKALL
submitted by ViralMedia007 to FREECoursesEveryday [link] [comments]

Top 16 Forex Trading Tips You Should Know

Top 16 Forex Trading Tips You Should Know
This article will breakdown the top 16 trading tips you should consider , ranging from how you should trade, the risks you need to be aware of, how learning about trading can improve your trading performance, and much more!

https://preview.redd.it/5mtfgzf58u951.jpg?width=750&format=pjpg&auto=webp&s=d03de717ed7528061472e763cfcb4cf34771fbef
1. Create Your Own Strategy
No list of currency trading tips is complete if it doesn't mention strategies. One of the most common mistakes beginner traders make is not creating an action plan. Figure out what you want to get out of trading. Having a clear end goal in mind will help with your trading discipline.
2. Learn Step-by-Step
As with every new practical learning activity, trading requires you to start with the basics, and move slowly until you understand the playing field. Start by investing small sums of money, and keep in mind the old adage 'slow but steady wins the race'.
3. Take Control of Your Emotions
Don't let your emotions carry you away. It can be very difficult at times, especially after you've experienced a losing streak. But keeping a level head will help you stay rational, so you can make competent choices. Whenever you let your emotions get the better of you, you expose yourself to unnecessary risks. Exercising risk management within your trading will help you to minimise the risks.
4. Stress Less
This is one Forex tip that sounds really obvious – because it really is. But guess what? Trading under stress generally leads to irrational decisions, and in live trading, that will cost you money. Therefore, identify the source of your stress and try to eliminate it, or at least limit its influence on you. Take a deep breath and focus on something else. Every person has their own way of overcoming stress – some listen to classical music, while others exercise. Listen to your mental health and learn what works best for you.
5. Practice Makes Perfect
Of all the Forex tricks and tips for beginners, this is the most important. You are unlikely to succeed at anything on your first try. Only constant trading practice can yield consistently top results. But you probably don't want to lose money while learning the basics, right?
6. Psychology is Key
Every trader is a psychologist at heart. When you're planning your next move, you have to analyse market movements and review your own psychology. You need to ask yourself questions such as:
  • Did I show signs of confirmation bias?
  • Did I make a trade out of frustration?
  • What made me choose that particular currency pair?
Mastering your psychology will protect you from many losses along the trading development path.
7. No Risk, No Success
Not even Forex trading tips and tricks can guarantee you success. When you decide to become a trader, you should have already accepted the possibility of failure. In case you didn't – here's a reality check. You won't make profitable trades 100% of the time. Don't let false advertisements get in your head, either. Instead, be realistic about your Forex trading methods and goals.
8. Patience is a Virtue
When it comes to trading, this old saying is not just a cliché. True success is never instantaneous. It's the result of consistent work and planning. Many beginner traders look for an easy, fast path to profit. Don't bother – it doesn't exist!
9. Continuous Education
Each day you trade, there's a new lesson to be learned. Look closely at the Forex market and keep all the tips you have learnt in mind. Start analysing news, trends, and financial processes, and don't neglect the Forex basics. Most importantly, study, then practise and then study some more. Repeat this process often, and you will be well on your way to fully understanding the markets.
Studying will require a lot of time and effort, but it will pay off in the long run. For starters, Admiral Markets offers the opportunity for traders to benefit from a free education centre that offers Forex tips, as well as, a range of articles and tutorials offering tips, tricks, strategies, and more, for all kinds of trading.
10. Trends are Good for You
One particularly important Forex market tip to follow is to learn about trends. The ability to spot trends is a valuable one. While we don't recommend jumping on the trend bandwagon every time, but outright ignoring the trend is a recipe for disaster. Trends can show you what is coming, so you can pro-actively adjust your trading, rather than reacting when it's too late.
11. Seek Competitive Conditions
It's important to choose top-notch service conditions and get favourable spreads. If you're considering trading with Admiral Markets, there are a range of different options available. Why not read more about them in our account types section?
12. Plan in Advance
Forex trading is not a gamble – it's a strategic game. Carefully calculate your next move before you act. You can begin formulating a plan by asking yourself some challenging questions such as:
  • Have I accounted for the possibility that I may lose?
  • What's my plan B for the different types of scenarios that may arise?
To be successful at Forex trading, you have to expect the unexpected.
13. Know the Charts
You will be trading on many different markets and will need to quickly understand the information you analyse for each trade. There are numerous tools available to traders that make trading easier, but nothing is more time-efficient than charts. Charts provide you with fast access to numerically-heavy data in the form of a simple visual, so you don't have to scroll through it.
14. Don't Run out of Chances
Eagerness is good, but there is a limit to everything. If you trade too much, you are probably harming your chances of achieving success. Why? Because overtrading usually leads to weakened focus and careless trades. As you develop your trading plan, indicate the maximum amount of trades you will make per day or week.
15. Greediness Leads to Risks
Greediness can make you take unnecessary risks as well. Set the maximum loss and desired profit within your trading plan. When you hit this level, stop and don't go for another trade. When it comes to fund management, this is one of the most important Forex tips and tricks to follow.
16. Use Stop-Losses
Our Forex daily tips don't just focus on general recommendations. We also want to mention valuable tools, such as the highly rated stop-loss. Not setting a stop-loss is basically giving you an excuse to keep a bad position open (because you're hoping that the situation improves). But bad situations rarely improve, and neither will your capital if you don't wise up fast.
A correctly placed stop-loss eliminates the risk of losing all of your money on a single bad trade. The stop-loss is especially beneficial when you don't have the ability to close positions manually.

6 Reasons To Open An Account

Multi-language 24/7 professional support
Fast, convenient fund and withdrawals
Free demo account $10,000
International recognition
Real-time quotes with push notification
Professional market analysis broadcast
submitted by top1markets to u/top1markets [link] [comments]

So you wanna trade Forex? - tips and tricks inside

Let me just sum some stuff up for you newbies out there. Ive been trading for years, last couple of years more seriously and i turned my strategies into algorithms and i am currently up to 18 algorithms thats trading for me 24/7. Ive learned alot, listened to hundreds of podcasts and read tons of books + research papers and heres some tips and tricks for any newbie out there.

  1. Strategy - How to... When people say "you need a trading strategy!!" Its because trading is very hard and emotional. You need to stick to your rules at all times. Dont panic and move your stop loss or target unless your rules tell you to. Now how do you make these rules? Well this is the part that takes alot of time. If your rules are very simple (for example: "Buy if Last candles low was the lowest low of the past 10 candles." Lets make this a rule. You can backtest it manually by looking at a chart and going back in time and check every candle. or you can code it using super simple software like prorealtime, MT4 ++ Alot of software is basicly "click and drag" and press a button and it gives you backtest from 10-20-30 years ago in 5 seconds. This is the absolute easiest way to backtest rules and systems. If your trading "pure price action" with your drawn lines and shit, the only way to truly backtest that kind of trading is going in a random forex pair to a random point in time, could be 1 year ago, 1 month ago, 5 years ago.. and then you just trade! Move chart 1 candle at a time, draw your lines and do some "actual trading" and look at your results after moving forward in the chart. If you do not test your strategy your just going in blind, which could be disaster.. Maybe someone told u "this is the correct way to trade" or "this strategy is 90% sure to win every trade!!!" If you think you can do trading without a strategy, then your most likely going to look back at an empty account and wonder why you moved that stop loss or why you didnt take profit etc.. and then your gonna give up. People on youtube, forums, interwebz are not going to give you/sell you a working strategy thats gonna make you rich. If they had a working strategy, they would not give it away/sell it to you.
  2. Money management - How to.... Gonna keep this one short. Risk a small % of your capital on each trade. Dont risk 10%, dont risk 20%. You are going to see loosing trades, your probably gonna see 5-10 loss in a row!! If your trading a 1000$ account and your risking 100$ on each trade (10%) and you loose 5 in a row, your down -50% and probably you cant even trade cus of margin req. Game over.. Now how does one get super rich, super fast, from risking 1-3% of your account on each trade?? Well heres the shocking message: YOU CANT GET RICH FAST FROM TRADING UNLESS YOUR WILLING TO GO ALL IN! You can of course go all in on each trade and if you get em all right, you might get 1000%, then you go all in 1 more time and loose it all... The whole point of trading is NOT going bust. Not loosing everything, cus if you loose it all its game over and no more trading for you.
  3. Find your own trading style.... Everyone is different. You can have an average holding period of 1 month or you could be looking at a 1 min chart and average holding time = 10 minutes. For some, less volatility helps them sleep at night. For others, more volatility gives them a rush and some people crave this. There is no "correct" timeframes, or holding periods, or how much to profit or how much to loose. We are all individuals with different taste in risk. Some dont like risk, others wanna go all in to get rich over night. The smart approach is somewhere in the middle. If you dont risk anything, your not gonna get anything. If you risk everything, your most likely going to loose everything. When people are talking about trading style, this is kinda what that means.
  4. There are mainly 2 ways to trade: Divergence and Convergence. Or in other words: Mean reversion or trend following. Lets talk about them both: Trend following is trying to find a trend and stay with the trend until its over. Mean reversion is the belief that price is too far away from the average XX of price, and sooner or later, price will have to return to its average/mean (hence the name: MEAN reversion). Trend following systems usually see a lower winrate (30-40% winrate with no money management is not uncommon to see when backtesting trend following systems.. You can add good money management to get the winrate % higher. Why is the % winrate so low? Well a market, whatever that market is, tend to get real choppy and nasty right after a huge trend. So your gonna see alot of choppy fake signals that might kill 5-6 trades in a row, until the next huge trend starts which is going to cover all the losses from the small losses before the trend took off. Then you gotta hold that trade until trade is done. How do you define "when trend starts and stops"? Well thats back to point 1, find a strategy. Try defining rules for an entry and exit and see how it goes when you backtest it. For mean reversion the win % is usually high, like 70-90% winrate, but the average winning trade is alot smaller than the average loosing trade. this happens because you are basicly trying to catch a falling knife, or catch a booming rocket. Usually when trading mean reversion, waiting for price to actually reverse can very often leave you with being "too late", so you kinda have to find "the bottom" or "the top" before it actually has bottomed/ topped out and reversed. How can you do this you ask? Well your never going to hit every top or every bottom, but you can find ways to find "the bottom-ish" or "the top-ish", thens ell as soon as price reverts back to the mean. Sometimes your gonna wish you held on to the trade for longer, but again, back to point 1: Backtest your rules and figure that shit out.

Read these 4 points and try to follow them and you are at least 4 steps closer to being a profitable trader. Some might disagree with me on some points but i think for the majority, people are going to agree that these 4 points are pretty much universal. Most traders have done or are doing these things every day, in every trade.
Here is some GREAT material to read: Kevin Davey has won trading championship multiple times and he has written multiple great books, from beginner to advanced level. Recommend these books 100%, for example: Building winning algorithmic trading systems" will give you alot to work with when it comes to all 4 of the above points. Market wizards, Reminiscences of a stock operator are 2 books that are a great read but wont give you much "trading knowledge" that you can directly use for your trading. Books on "The turtles" are great reading. Then you have podcasts and youtube. I would stay away from youtube as much as possible when it comes to "Heres how to use the rsi!!!" or "this strategy will make you rich!!". Most youtube videoes are made by people who wanna sell you a course or a book. Most of this is just pure bullshit. Youtube can very harmfull and i would honestly advice about going there for "strategy adivce" and such. Podcasts tho are amazing, i highly recommend: Better systems trader, Chat with traders, Top traders unplugged, We study billionairs, to name a few :)
Also, on a less funny note.. Please realize that you are, and i am, real fucking stupid and lazy compared to the actual pro's out there. This is why you should not go "all in" on some blind stupid strategy youve heard about. This is why this is indeed VERY FUCKING HARD and most, if not everyone has busted an account or two before realizing just this. Your dumb.. your not going to be super rich within 1 year.. You can not start with 500$ account and make millions! (some might have been able to do this, but know that for every winner, theres 999 loosers behind him that failed... Might work fine first 5 trades, then 1 fuckup tho and ur gone..
And lastly: Try using a backtesting software. Its often FREE!!! (on a demo account) and often so simple a baby could use it. If your trading lines and such there exists web broweser "games" and softwares that lets you go "1 and 1 candle ahead" in random forex pairs and that lets you trade as if its "real" as it goes.
A big backtesting trap however is backtesting "losely" by just drawing lines and looking at chart going "oh i would have taken this trade FOR SURE!! I would have made so much money!!" however this is not actually backtesting, its cherry picking and its biased beyond the grave, and its going to hurt you. Try going 1 candle at a time doing "real and live" trades and see how it goes.

Bonus point!!
many people misunderstands what indicators like the RSI is telling you. Indeed something is "overbought" or "oversold" but only compared to the last average of xx amounts of bars/candles.
It doesn't tell you that RIGHT NOW is a great time to sell or buy. It only tells you that the math formula that is RSI, gives you a number between 1-100, and when its above 70 its telling you that momentum is up compared to the last average 14 candles. This is not a complete buy/sell signal. Its more like a filter if anything. This is true for MOST indicators. They INDICATE stuff. Dont use them as pure buy/sell signals.. At least backtest that shit first! Your probably gonna be shocked at the shitty results if you "buy wehn rsi is undeer 30 and sell when RSI is above 70".

Editedit: Huge post already, why not copy paste my comment with an example showing the difference in trend following vs mean reversion:
The thing about trend following is that we never know when a trade starts and when it ends. So what often happens is that you have to buy every breakout going up, but not every breakout is a new trend. Lets do an example. Check out the photo i included here: https://imageshost.eu/image/image.RcC

THE PHOTO IS JUST AN EXAMPLE THAT SHOWS WHY A TYPICAL TREND FOLLOWING STRATEGY HAVE A "LOW" WINRATE.
THE PHOTO IS NOT SHOWING AN EXAMPLE OF MY STRATEGIES OR TRADING.

  1. We identify the big orange trend up.
  2. We see the big break down (marked with the vertical red line) this is telling us we are not going higher just yet. Our upwards trend is broken. However we might continue going up in a new trend, but when will that trend come?
  3. We can draw the blue trend very earyly using highs and lows, lines up and down. Then we begin to look for breakouts of the upper blue line. So every time price breaks upper blue line we have to buy (cus how else are we going to "catch the next trend going up?)
As you can see we get 5 false breakouts before the real breakout happens!
Now if you could tell fake breakouts from real breakouts, your gonna be rich hehe. For everyone else: Take every signal you can get, put a "tight" stop loss so in case its a fake signal you only loose a little bit. Then when breakout happens as you can clearly see in chart, your going to make back all the small losses.
So in this example we fail 5 times, but get 1 HUGE new trend going further up. This 1 huge trade, unless we fuck it up and take profits too early or shit like that, is going to win back all those small losses + more.
This is why trend following has a low winrate. You get 5 small loss and 1 big win.

Now lets flip this! Imagine if your trading Mean reversion on all the same red arrows! So every time price hits the blue line, we go short back to the bottom (or middle) again! You would have won 5 trades with small profits, but on that last one you would get stopped out so hard. Meaning 5 small wins, 1 big loss (as some have pointed out in comments, if you where trading mean reverting you would wanna buy the lows as well as short the tops - photo was suppose to show why trend following strategies have a lower % winrate.)

Final edit: sorry this looks like a wall of text on ur phones.
submitted by RipRepRop to Forex [link] [comments]

Top 3 Qualities All Successful Forex Traders Have in Common

Top 3 Qualities All Successful Forex Traders Have in Common

https://preview.redd.it/bb71vwws9tm21.jpg?width=800&format=pjpg&auto=webp&s=17f290bdeb2bb307ae668691a3be5ea4eab311b3

We’ve been through a lot of tips & tricks, hacks and lessons which could help you understand your career better and earn profits. But have you ever known the 3 qualities you need to become a successful trader in forex trading? A trader doesn’t become successful just because he has made a trail of profits. Being successful means being consistent, being balanced, and above all, knowing what they are actually are. To be successful, make sure you adopt all these qualities.

Identify Your Trading Style:-

Taking the first step right forms the solid foundation for your career. You may be able to win trades with some random methods for now, but to be successful and consistent, you should definitely know what your style is. Ask yourself questions that could help get to know yourself better. To name a few:
  • How much time can you invest per day in trading?
  • Are you a fundamental or a technical trader?
  • How much can you risk?
The more questions you can answer for yourself, the more you can understand about yourself and help you identify your trading style.

A Right Mindset:-

If you are going to still carry on your weaknesses, you might as well consider quitting trading. Right trading requires the right mindset capable enough to withstand all the downfalls. You must remember that successful traders are made, not born. Make sure you follow your trading plans, control your unwavering emotions and be disciplined throughout.

Get Along With Like Minded People:-

People around you can either make or break your trading career. Being with the right people can help you learn things faster and in the right way. A perfect trading companion might alert you when there are big opportunities and stands by as moral support in case you happen to lose trades.You need to have a perfectly planned layout and these much-needed qualities if you are to become a successful trader. Though it requires years and years of disciplined practice and opportunities, remember that it is not impossible. You just have to push yourself a bit more on the right path that could lead you all the way to success.Alfa Financials offers a full suite of the best trading platform for beginners and professional traders. View our customized trader platforms, we are the trusted and experienced regulated online forex brokers for Forex, Futures, CFD and Currency Trading.





alfa financial alfa financial review alfa financial reviews alfa financials alfa financials review alfa financials reviews forex trading forex trading tips
#alfafinancials
submitted by alfafinancials5 to u/alfafinancials5 [link] [comments]

Realistic Goals of a Trader

Realistic Goals of a Trader
Realistic Goals of a Trader
INTRODUCTION
Behind every success story lies a lot of determination and hardship, and most important a precise goal that motivates and leads every successful person to strive and achieve his dreams. Saying that it is also important that while setting the goals we should adopt a realistic approach and not just set them too high and then feel demoralized when not able to achieve them. So it would be better if we pursue them in small sections, which means creating stages for reaching the ultimate goal. The smaller division would be easy to achieve rather than aiming for higher goals.
“CONSTANT EFFORT TO HAVE CONTINUOUS SUCCESS”
Let us see the goals a trader must have in his life to make his dream, a reality.
A HABIT TO TRADE WITHOUT EXPECTATIONS
Trading without expectations will give you the confidence to trade even after a loss also. It is advisable to have a demo account and trade to learn the tricks and tips of trading rather than making money there are many brokers will provide the best trading platform for beginners in UAE. The process of learning will make you a better trader to trade perfectly. You can start trading for money once you learn the tricks of trading.
PART-TIME TRADER
Become a part-time trader when trading for full time don’t serve you the best results. For time being, consider trading as a part-time business and have another source of income until you become the best trader by learning the strategies and risk management. You can step into the market as a full-time trader when you are confident and capable of managing the trade market and make profitable output.
TRY MORE TO OBSERVE THE MARKET RATHER THAN EXECUTING TRADE
The motto here is to earn money later by observing in the first stage. At first, start observing the market from outside and learn the strategies to trade and then only step into the market to trade to gain profit. Being in the market all the time is not leading you to make money, it leads you to over-trade. More traders lose money by over-trading. You will need more patience to sit back and watch the trade and step in when it is the right time. Only this will pave way for you to make money constantly in trading.
“MONEY IS MADE BY SITTING NOT TRADING” - Jesse Livermore
MAKE IT YOUR PASSION AND LIVE FOR PASSION
Traders who make money are not bothered about money and profits. Whereas, people who don’t make money in forex trading always think of money. people who love trading make money because they are passionate about trading and love trading. They take trading seriously and work for it. So follow trading as your passion to make a profit. In other words, if you have passion you can step into trading.
CONCLUSION
These are a few goals which a trader must have to have an upgrade in his life via trading. Following all this goal consistently and repeatedly will allow you to become a successful trader. Make profit by developing the skills and setting goals. Looking for a trusted and experienced best Forex Broker in UAE? Alfa Financials was the No #1 forex broker and we provide the reliable, scalable and trustworthy platforms.
“THE GOAL OF A SUCCESSFUL TRADER IS TO MAKE BEST TRADES. MONEY IS SECONDARY” -Alexander Elder
submitted by alfafinancials5 to u/alfafinancials5 [link] [comments]

Metworld DMCC Dubai Tips To Successfully Manage Your Forex Investment

Currency trading can imply a lot of different types of trades depending upon whom you ask or talk to about it. We all know that it's what and when you trade that determines your profit or loss. Take some time to train yourself and work on your trading using the tips below.
Keep your eyes on the commodity prices. When they are rising, this generally means that there is a greater chance that you are in a stronger economy and that there is rising inflationary pressure. Avoid when the commodity prices are falling. This generally signals that the economy and inflation are falling as well.
When you begin your Forex trading experience, it is important to choose and account type that fits your trading goals and needs. Choosing the right account can be confusing, but a good rule to go by is that a lower leverage is good. Standard accounts are usually good to start off on if you are new to trading.
Take the time to learn the essential components of forex trading. If you want to be successful at what you do and be competitive with some of the experts in the field, you must have a clear understanding of everything that it entails. You don't need a college education, but you do need a desire to learn.
Start small. When first starting out in the forex trading market, start with a small initial amount, and use your trading gains to further fund the account. If your account is losing money, adding additional outside funds will only serve to increase your losses. Increasing your account through gains is also the most surefire protection from getting in over your head.
Never be misled by any profit gains in Forex. This is the number-one way traders end up losing their money and ultimately failing. Remember that the same things that make you laugh can make you cry in this market, and you can lose that $700 in the exact same way you gained it, only quicker!
The basis of forex trading is to base your decisions on the bidding quotes. These quotes show how much you can trade what you have for. The principle is simple: if you can make a profit, trade what you have or what for a bigger profit. If you cannot make a profit sell before you lose any more money or wait for the market to change.
Expect to lose money. Every trader who has ever traded forex has lost some money; you're not immune. Losing money is not something to be regretted, as it's a normal part of trading and can teach you lessons about the market. Losing can also teach you lessons about yourself.
One good trait that successful foreign exchange traders have is that they are more objective and less emotional. The moves that you make should be based on reason and should not involve emotions. Researching on good investments should be done and it is better to win a little than lose a lot, due to an emotional trade.
If you are going to be investing a lot of money in forex, you should enroll in a money management class at a local college. This will help you to form a blueprint of what you want to achieve and learn to quit when behind. Proper money management is the key to maintaining success.
There's absolutely nothing wrong with questioning the legitimacy of any work-from-home method, so be sure that you read plenty of real information about Forex that was written by real Forex users. This is how you find out if the platform is legitimate or not. The dollar signs can be enticing, but the actual users will tell you what you need to hear.
You should keep at least five hundred dollars in your Forex account at all times. You might be required to keep less, but you might lose a lot of money because of leverage. In that situation, you will be glad you have the money you need to cover your debts quickly.
Keeping track of the market trends is one thing, but you should also pay attention to buying and selling trends from other traders. Their perception of the market will influence their decisions, and also influence the value of a currency. A currency might have a high value only because there is a high demand for it.
While the middle of the week is the best period for trading on the Foreign Exchange Market, Saturday and Sunday are the worst days for trading on the market. This is due to the market dying down due to the lack of weekend activity from businesses. In addition, Monday and Friday are not recommended trading days, as new trends establish on Monday and closing trades happen on Friday.
A mistake that is commonly made among beginners when trading in the foreign exchange market is that traders try to pit tops and bottoms. Pinpointing tops and bottoms in the market is a difficult and very risky task. Wait until tops and bottoms have been established by price action, not by random guessing.
Finding a guru or trusted source of information for active Forex trading can either save you from losing money or help you to make it! You already know that learning everything there is to know about Forex is the best strategy to be successful. But, as with any market, Forex has trends and tricks that are very valuable to know. Most often the best source of information for these things are traders who have first-hand experience. So, make solid connections with them whenever you can.
It is important to really evaluate yourself, your life, and your finances, BEFORE getting into Forex trading. Consider what would cause you great anxiety, what you can afford to be playing with, and how much money you really have available outside of things like loans or mortgages. This will give you your risk levels.
Currency trading involves various types of trading strategies, but no matter who you are, you can always refine your strategy. Study and improve upon your own techniques to learn to trade on par with trading experts. With any luck, this list of tips gave you advice on how to do that.
submitted by metworlddmcctrading to u/metworlddmcctrading [link] [comments]

[Just Launched] Options Domination Binary Trading - [Amazing System] - True Risk Free Trades! [New for 2015]

Many brokers or services will market something called “risk free” trades in which a certain number of your first trades you can get your money back should the signals they give you prove to be of bad quality. In most cases there are many regulations that require you to keep investing a certain amount before you can withdraw your “risk free” trades. This is the sign of a bad signal provider that probably makes more money selling their signals then they do actually implementing them themselves.
In our case study of the system we won 5 out of 7 of the trades and pocketed $250 in profit which is a 25% return on a small investment. We were very impressed with these results. At that time we could have elected to withdraw our original $1,000 and essentially be playing with the $250 “on the house”. CLICK HERE TO GET YOUR RISK FREE TRADES NOW!
CLICK HERE TO GET YOUR RISK FREE TRADES NOW!
Using their basic system of signals we were able to accumulate over $10,000 in our account in just 30 days! These are better results then we have gotten with other binary signals costing 10 times the amount of what options domination is charging. For a simple $50 a month you get multiple daily signals, keep in mind they don’t send you 1,000’s of signals a day like most services as they are focusing on the quality of the signal and not just sending you a bunch of garbage signals like many of the other companies do.
binary options trading, binary options trading signals, binary options trading strategy, binary options trading system, binary options trading signals review, binary options trading software, binary options trading platform, binary options trading robot, binary options trading signals franco, binary options trading hours, binary options trading + , binary options trading signals, binary options trading strategy, binary options trading system, binary options trading signals review, binary options trading review, binary options trading software, binary options trading platform, binary options trading robot, binary options trading signals franco, binary options trading hours, binary options trading + a, binary options trading alerts, binary options trading affiliate program, binary options trading api, binary options trading australia, binary options trading account, binary options trading articles, binary options trading app, binary options trading advice, binary options trading academy, binary options trading assets, binary options trading + b, binary options trading brokers, binary options trading books, binary options trading bot, binary options trading blog, binary options trading basics, binary options trading best sites, binary options trading + c, binary options trading course, binary options trading calculator, binary options trading charts, binary options trading course online, binary options trading companies, binary options trading companies in usa, binary options trading canada, binary options trading competition, binary options trading contest, binary options trading complaints, binary options trading + d, binary options trading demo account, binary options trading demo, binary options trading definition, binary options trading demo account without deposit, binary options trading dubai, binary options trading does it work, binary options trading demo account uk, binary options trading daily, binary options trading discussion, binary options trading dangers, binary options trading + e, binary options trading etrade, binary options trading education, binary options trading examples, binary options trading explained, binary options trading ebook, binary options trading etoro, binary options trading europe, binary options trading eztrader, binary options trading experience, binary options trading experts, binary options trading + f, binary options trading for beginners, binary options trading forum, binary options trading franco, binary options trading forex, binary options trading for dummies pdf, binary options trading free, binary options trading for dummies, binary options trading free demo, binary options trading for us citizens, binary options trading for usa, binary options trading + g, binary options trading guide, binary options trading game, binary options trading groups, binary options trading guide pdf, binary options trading good or bad, binary options trading glossary, binary options trading graphs, binary options trading gambling, binary options trading gurus, binary options gold trading, binary options trading + h, binary options trading hours, binary options trading help, binary options trading history, binary options trading halal or haram, binary options trading halal, binary options trading how does it work, binary options trading how to, binary options trading hack, binary options hourly trading system, 60 second binary options trading hours, binary options trading + i, binary options trading in the us, binary options trading indicators, binary options trading in the usa, binary options trading illegal, binary options trading in america, binary options trading income secrets, binary options trading in united states, binary options trading is it real, binary options trading in south africa, binary options trading india, binary options trading + j, binary options trading journal, binary options trading jobs, binary options trading + k, binary options trading in kenya, making money with binary options trading starter kit, binary options trading + l, binary options trading low deposit, binary options trading legal us, binary options trading low minimum deposit, binary options trading live signals robot 2014, binary options trading lessons, binary options trading legit, binary options trading license, binary options trading loss, binary options trading legal in canada, binary options trading live charts, binary options trading + m, binary options trading minimum deposit, binary options trading methods, binary options trading mentor, binary options trading meaning, binary options trading millionaires, binary options trading malaysia, binary options trading make money, binary options trading market, binary options trading minimum deposit 100, binary options trading martingale, binary options trading + n, binary options trading nadex, binary options trading news, binary options trading no minimum deposit, binary options trading no deposit bonus, binary options trading nz, binary options trading new zealand, binary options trading nigeria, binary options trading newsletter, binary options trading nifty, binary options trading nairaland, binary options trading + o, binary options trading on weekends, binary options trading online, binary options trading on mt4, binary options trading or gambling, binary options trading opinions, binary options trading oanda, binary options trading - optionbit, binary options trading hours, binary options trading good or bad, binary options trading course online, binary options trading + p, binary options trading platform, binary options trading practice account, binary options trading practice, binary options trading program, binary options trading pdf, binary options trading paypal, binary options trading platform reviews, binary options trading platform comparison, binary options trading plan, binary options trading psychology, binary options trading + q, binary options trading questions, binary options trading + r, binary options trading review, binary options trading robot, binary options trading room, binary options trading robot review, binary options trading real time charts, binary options trading regulations, binary options trading real, binary options trading recommendations, binary options trading + s, binary options trading signals, binary options trading strategy, binary options trading system, binary options trading signals review, binary options trading software, binary options trading signals franco, binary options trading scams, binary options trading sites, binary options trading signals free, binary options trading strategy youtube, binary options trading + t, binary options trading training, binary options trading times, binary options trading tools, binary options trading td ameritrade, binary options trading techniques, binary options trading tips, binary options trading tutorial, binary options trading tutorial pdf, binary options trading tricks, binary options trading the news, binary options trading + u, binary options trading usa, binary options trading united states, binary options trading using paypal, binary options trading uk, binary options trading uae, binary option trading uk reviews, binary options trading youtube, binary options trading system upto 90 accuracy, binary options trading legal us, binary options trading platform uk, binary options trading + v, binary options trading videos, binary options trading volume, binary options trading vs gambling, binary options trading vs forex, binary options virtual trading, binary options virtual trading account, free binary options trading videos, vault options binary trading, options trading vs binary options, track elite v1.2 binary options trading system, binary options trading + w, binary options trading wiki, binary options trading websites, binary options trading with franco, binary options trading with no minimum deposit, binary options trading what is, binary options trading winning strategy, binary options trading without investment, binary options trading with no deposit, binary options trading with bollinger bands, binary options trading with paypal, binary options trading + y, binary options trading yahoo answers, binary options trading youtube, binary options trading strategy youtube, binary options trading signals youtube, does binary options trading work yahoo, binary options trading + z, binary options trading new zealand, binary options trading + 1, binary options trading 101, binary options trading $100 minimum deposit, binary options trading top 10, $1 binary options trading, top 10 binary options trading platform, binary options 1 minute trading, 10 minute binary options trading system, binary options trading + 2, binary options trading 2014, binary options trading 2013, binary options trading 2012, binary options trading 24, binary options trading system 2014, binary options trading system 2013, binary options trading signals 2013, free binary options trading signals 2014, best binary options trading platform 2013, 24 hour binary options trading, binary options trading + 3, 3 binary options trading strategies for beginners, binary options trading + 4, binary options trading for beginners, binary options trading for dummies, binary options trading for a living, binary options trading for usa, binary options trading for us citizens, binary options trading for dummies pdf, binary options trading for free, binary options trading for mt4, binary options trading strategies for beginners, binary options trading signals for free, binary options trading + 5, binary options trading 50 deposit, 5 minute binary options trading, 5 minute binary options trading strategy, 5 min binary options trading strategy, binary options trading + 6, binary options trading 60 second strategy, binary options trading 60 seconds, 60 second binary options trading system, 60 sec binary options trading strategies, 60 seconds binary options trading signals, 60 second binary options trading hours, 60 second binary options trading demo account, 60 second binary options trading software, binary options trading + 7, binary options trading, binary options trading signals, binary options trading strategy, binary options trading system, binary options trading signals review, binary options trading review, binary options trading demo account, binary options trading platform, binary options trading in india, binary options trading forum, binary options trading + 8, assaxin 8 binary options trading system, binary options trading + 9, binary options trading system upto 90 accuracy, binary options trading system striker9, striker9 pro binary options trading system
submitted by optionsdomination to optionsdomination [link] [comments]

Ten Tips for BEGINNER FOREX TRADERS! - YouTube 7 Forex Trading Tips and Tricks (Become a Better Trader ... Top 10 Forex Trading Tips & Tricks for 2020 - YouTube Forex Tips and Tricks for Beginners  Bengali & English Subtitles 8 Forex Tips And Tricks For Beginners

8 Forex Tips And Tricks For Beginners. January 20, 2020 admin Forex For Beginners 0. Previous. The Forex Market Preview – What Are You Willing to Risk? Next. Stocks May Turn Defensive with US Presidential Election Eyed. Be the first to comment Leave a Reply Cancel reply. Your email address will not be published. Comment. Name * Email * Website. For Beginners. ฟอเร็กซ์ ... Beginners and experienced forex traders alike must keep in mind that practice, knowledge, and discipline are key to getting and staying ahead. Here we bring up 9 tips to keep in mind when thinking ... Forex Currency Tips and Tricks for Beginners. The truth is, many inexperienced traders have suffered large losses in forex trading. That’s the last thing you want if you are a beginner. You see, forex trading is an art. You have to understand the ratios, charts, and numbers. This takes discipline and practice to grasp the nitty-gritty of this game. Plus, you need to conduct a self-analysis ... We have compiled a list of our top Forex trading tips for beginners who want to earn money trading online in 2020. Even if you already have experience with trading, it is always good to remember the basics! 1. Choose the Right Broker. Our first tip has little to do with trading itself, but is nonetheless a crucial starting point. Set aside plenty of time to vet different brokers and go through ... So, make sure you learn how to trade forex for beginners before you risk your hard-earned money. Learn as much as you can about the ins and outs of FX trading so, you’ll always be prepared to safely navigate the Forex market. For more trading tips and tricks make sure you follow our Top 10 Forex Blogs list. The more you can learn about forex ... Forex Trading - Währungshandel verständlich erklärt. Ratgeber zum Forex-Handel, zum Devisenmarkt, Forex Exchange inkl. Tipps zur Auswahl des besten Forex Brokers. As a beginning forex trader, you can easily get lost, confused or overwhelmed with all the information you are bombarded with on the internet about trading. The best thing to do is to just take it slow, learn how to trade properly from an experienced professional and don't rush it. The following 10 forex trading tips are things that I wish someone had told me when I first began trading. Best Forex Tips and Tricks For Beginners Awesome Trading Tools To Get You Started Do you want to start trading Forex but need more info before you start your adventure? Here you will find great Forex tips and tricks for beginner's, trading methods, trading software, and information about Forex Brokers . Information about Forex Trading . In these tough economic times, it is likely that you're ... Tips for Forex Trading Beginners . Share: Before you start something new, begin with the fundamentals. Let’s look at trading tips every trader should consider before trading currency pairs. 1. Know the Markets. We cannot overstate the importance of educating yourself on the forex market. Take the time to study currency pairs and what affects them before risking your own capital; it’s an ... Here are twenty forex trading tips that you can use to avoid disasters and maximize your potential in the currency exchange market. 1. Know yourself. Define your risk tolerance carefully. Understand your needs. To profit in trading, you must recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that ...

[index] [25097] [21759] [19626] [28273] [7065] [10059] [14239] [8854] [787] [24285]

Ten Tips for BEGINNER FOREX TRADERS! - YouTube

My top 10 forex trading tips and tricks for you to crush it in forex trading in 2020. These 10 forex tips are not conclusive and you need to implement these ... By learning these tips. You can trade in forex successfully. It is a simple tips & tricks for beginners so that they can use it before start forex business. You can say it as a golden rule because ... Forex Tips : if you are beginner. If you are beginner forex trader, you need to know your goal. What is your purpose of trading forex, Besides that, you need to have you trading plan, without a ... Hey everyone! This is a video that I feel like all beginner forex traders to take into account when starting their forex journey. If you would like to join m... Learn my best trading tips to massively improve your trading results. SUBSCRIBE: https://bit.ly/2MsGjRR If you want more actionable trading tips and strategi...

http://binaryoptiontrade.datetrun.gq