Forex trading blog

Forex trading blog

The question how to start earning on Forex immediately arises every time, when there is a talk
about possibility to earn really big money only by investing and trading.
After all, Forex at the moment is the most accessible and profitable source, and the reason for
this is the maximum leverage - 1:500, and even 1:1000 and the fantastic possibilities of the trader
terminal.
How to trade with profit?
The question "How to make money on Forex" is main for every trader, and the answer to it is
quite complicated. In order to become a successful trader, you will need, first of all, sometime
and personal practical experience of trading. Not unimportant is the knowledge of the
fundamentals of the movement of exchange rates, namely the factors that affect the price of the
currency. Also there is one more possibility today – to look on the experience of other traders
and to use their strategies to reach the aim. Nowadays there are a lot of the Forex trading blogs,
with the help of which it is possible to get a lot of the useful information. For example, every
volunteer can get what he needs in PaxForex blog.
Everyone can earn money on forex, but for some reason most of the beginning traders on the
contrary leave their money on the currency exchange, and the main reason for this is incorrectly
chosen trading strategy. To avoid these mistakes, it’s useful to read blogs and to know about all
the problematic cases beforehand.
How to start earning on Forex?
In all blogs an information is rather common, so it’s highly recommended to follow all the
advices.
1. Getting Started. The first thing to start is to choose a broker, which will allow you to earn
money at Forex, while paying attention not only to attractive trading conditions, but also
to the stability of the trading terminal and the peculiarities of triggering pending and stop
orders. The most acceptable option is if the orders are triggered at the first touch, and not
when the price stabilizes at this level. Such properties are possessed by InstaForex
broker, in addition, there is an opportunity to earn on Forex even with small amounts of
funds using cent accounts, and in general it is quite reliable company. When opening an
account, do not forget about the bonuses that you receive when you replenish it and
immediately choose their size, the maximum you can get in this case is up to 40% of the
replenishment amount.
2. Technical moments - after registration you download and install a trading platform on
your computer, the best option is Metatrader 4, it is easy to use and there are many
different indicators and advisors to it.
3. Trading system. The most important step is to choose a trading strategy. Do not rush into
scalping immediately, because this is the main mistake of beginning traders. Trading on
scalping is a rather complicated strategy and requires certain skills. The simplest and at
the same time the most effective is simple trade in the trend, to implement it, you need to
install one of the trend indicators in the trading terminal, which will show not only the
direction of the price movement, but also the strength of the dominant trend.
4. Profit fixing. If to look on the behave of the casino players, it can be seen that they often
increase their rate instead of picking up the profit, so do not repeat their mistakes. For
example, if at from deposit of $ 1000 you managed to earn 100 from one transaction,
immediately take the profit, and do not increase the volume of trade. Your account
should always have about the same amount. Such advices are numerous in the blogposts,
so don’t miss an opportunity to learn this before start.