In order to check the global trend, use MA indicator on higher timeframes. there are big news releases. I highly recommend to check forex news calendar before entering each trade, because news announcements of big importance can effect market dramatically.

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This is not investment advice. The information provided is believed to be accurate at the date the information is produced. There is no such thing as certainty in trading. However, there are some assets investors typically move to read more. Swing trading represents a middle ground between fast-paced day trading and long-term trend trading.

Those who follow a swing Technical analysis is a strong instrument in the trader's tool kit and, in fact, many investors argue it's the What are the main features of, and differences between, MT4 and MT5?

Which of these two trading platforms will A dear child has many names. The strategy below is called 'lost momentum' in my vocabulary, but it no Traders come from a variety of backgrounds, but typically share a core set of characteristics that enable them The retail trading landscape has seen a monumental shift in the last 18 months, with unprecedented market volatility, technological Some trades become the stuff of legend.

Here are seven of the most audacious trades ever. The Great The definition of harmony is a pleasing combination of elements in a whole. My mentor Bryce Gilmore taught me Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

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Every profession has the ultimate rules to follow in order to be successful, and Forex trading is no different. Even the most seasoned traders slip from time to time on this one and end up losing money.

What it means, in a nutshell, is to eliminate your emotions completely from the equation and trade as a robot would. Never get too excited about profits or too discouraged by losses but instead stick to the trading plan you have.

Just remember that not every strategy will be perfect, none of them are, but you have to stick with it to know if it does or not. Cut your losses early and let your wins run The worst mistake you can make is to hope that the markets will turn in your favour.

Many traders have lost their entire capital because they were hoping a loser would turn into a winner. Such traders forget that it is okay to be wrong once in a while, and the trick is to accept a loss sooner than later. You might be surprised by how much the markets will move in your favour.

Today more and more people wonder: what is the recipe of successful trading? What is the secret of wealthy people — Forex millionaires? Surely, as in any other matter, there is no simple answer to these questions. However, there are common basics which, as practice shows, are the keystone to the success you are seeking.

We sincerely wish every trader success and believe that these simple but effective principles of trading will help you to achieve your desired results. See the list of online Forex and CFD brokers. As a rule, those who fail blame everything but themselves but in 99 per cent of all cases the trader is the reason for the loss.

However, those persistent and determined enough to succeed, in the end, achieve the best results. Some circumstances may hinder you for a while, but whether to stop or whether to continue depends solely on you. Finance always meets the needs of its clients and is happy to provide help if they are in difficulty: if you doubt what or which way to trade, or how to make the first steps in the financial markets or how to enhance your results — trust the professionals.

A strong team of analysts, risk managers and customer service staff are always ready to consult with you and offer you the best solutions to your questions. However, you should remember that the final decision is always yours, and this is good for you: the earlier you start to take responsibility for your decisions, the faster you will achieve success.

Think over the experience and activities of successful traders. Follow simple rules, especially if you are just at the beginning of the road, and you will surely achieve your desired results. Go to Hercules Finance Main Page. List of All Forex Promotions. See the Ranking of online Forex and CFD brokers. We, at Hercules Finance cares about each and every client and strives to offer financial freedom to anyone seeking it. Spring into action and make your dreams a reality.

Is it somebody who lives for the sake of trading and for whom it is the main source of income or anyone who participates in trading? Professionals generally work for themselves and their main source of income is the profit obtained as a result of successful trading activities. The second group, the group of amateurs, is mixed: it includes all those who are not professionals but who are trying to become so.

As a rule, trading is not their main source of income, but they are interested in trading and desire to succeed in it. The core business of amateur traders is not related to finance, and trading in the Forex market is often little more than a hobby. A true trader always controls his emotions and refines his trading abilities, he self-educates and analyzes strategies.

He always sticks to the rules which he sets for himself and is self-disciplined. Being a trader is a vocation for life. He must be able to take into account any small details and nuances taking place in the world economy. In the absence of these qualities, a trader may only occasionally return a profit and so most likely will not become a regular trader.

It may seem hard to believe but the emotional aspect of trading is sometimes so pervasive that traders are liable to serious psychological and physical stresses that can result in them forfeiting both money and health. A mechanical trading system can help you to keep in shape emotionally as it never hesitates at closing loss-making orders. In many cases this approach allows the trader to carry on profitable trading without any unnecessary emotional distress.

The main task of the trader using mechanical trading systems is to keep the system working properly. All traders can be conventionally divided into four groups using different methods of market analysis. Fundamental analysis is one of the most difficult kinds of analysis which, as a rule, is preferred by people who have an analytical mind.

To become successful, you need to analyze a large amount of information: the impact of world economic processes news of global importance, various political coups, and civil disorders, etc. on future price changes. Traders closely monitor latest news releases and reports which detail any significant changes in world conditions. Traders who prefer technical analysis use different technical indicators such as wave and candlestick analysis, various patterns, methods of artificial intelligence, etc.

It is probably true that most traders prefer technical analysis, and this is not surprising because, due to the large amount of training guides available, it is not too difficult to master all these methods and to start successful trading.

Many online Forex brokers also offer its clients the most convenient and easy-to-use training guides to aid you in achieving a successful outcome to your trading. Some people prefer to adopt their own methods based on a variate method or on the theory of probability. These traders, as a rule, use one of Martingale systems doubling the bets after loss in the hope that the market will bounce back, and there will be profit in any case.

Even if you want to add a function to the MT4 terminal, there is a possibility to do this with the MQL4 programming language and in such a way to enhance your trading results. As a rule, these people are professional traders having solid experience in trading in the financial markets who can just look at graphs and understand a complex situation in the market and anticipate price behavior.

One should remember that this division of traders into different groups is quite conventional and perhaps even subjective as many traders use several methods together. Traders are in search of their own unique and individual way to success and many such traders utilise several trading systems simultaneously.

This enables them to cover losses from trading using one system on the account with the profit from another one. In conclusion we would like to note that in order to become a trader you need just two things: a computer and desire to make money.

Finance will open the door to the world of unlimited financial possibilities to all who want to master this unique business. Setting up EAs on MT4 and MT5. Learn how to create, edit, launch and complete the operation. using MQL4 and MQL5. Through MQL4 and MQL5, you can set up VPS easily with only a few clicks, also with one of the lowest latency.

Account Type Comparison - How to open Vantage Markets Forex trading account? How to sign up on Vantage ex-VantageFx and open a Forex trading account? FXPro expands the markets with more metals including Lead, Zinc, Copper and Aluminium. JustMarkets updates payment methods. Google Pay and Apple Pay now available. CySEC regulated M4Markets enters europe.

By using our site, you acknowledge that you have read and understand our Privacy Policy Cookie Policy , and our Terms of Service. Page Navigation Home Column Rules of FX Trading. How to become a winner? Change your thinking patterns and set your goals Is Forex trading a profession or vocation?

Adherents of fundamental analysis Adherents of technical analysis Those using their own methods of analysis Relying on intuition 10 Golden Rules of Successful Forex Trading Today more and more people wonder: what is the recipe of successful trading? How can one achieve the best results in trading in the financial markets?

Finance presents for your attention 10 golden rules of successful trading. See the list of online Forex and CFD brokers Forex Trading — 10 Golden Rules 1.

Be prepared to accept losses. You have to understand that anybody can lose money in the financial markets. Of course, your profit has to exceed your losses. You have to do your best to achieve this balance. Trade following a definite plan or strategy. Before trading you have to decide the amount of money you wish to trade and what profit you are hoping to achieve? Having achieved the result you want, withdraw your profit immediately.

When trading is successful, novice traders often forget about their set targets and erroneously hope that successful trading will go on. Always close loss-making orders. If you suffer losses, close the order immediately and leave the market. Cold math and nothing else. Learn how to control your emotions. Trends are the most important thing. Your profit will continuously grow if you follow trends. A correct entry point is the basis of success.

Always analyze beforehand how you will trade. You need to have a clear understanding of an entry point, profit fixing levels etc. Trade without losses. Manage to keep the profit you made. Withdraw the profit and close the orders in time without excessive sentiment. Knowledge is light. Seek to deepen your knowledge: learn analytical reviews, read about world news and analyze graphs.

You will never reach the Forex Olympus if you are not in the habit of learning about the intricacies of financial basics. Be positive and confident of your luck. If you believe that you can achieve the best results, if you have a strong desire to win and you maintain a positive attitude, then you have the tools required for success.

Obviously, when you lose, it can be difficult to pull yourself together and start afresh, but just believe that a great many people have overcome these difficulties only to become stronger, wiser and more successful. No one nor anything should make you abandon your goals. Go to Hercules Finance Main Page How to become a winner?

There is nothing unusual in searching for alternative ways to make money. However, we have little idea of what makes people successful. Yet there is no mystery: success is in a lifestyle.

Us humans are greedy by nature. It may seem hard to believe but the emotional aspect of trading is sometimes so pervasive that traders are liable to serious psychological and physical stresses that can result in them forfeiting both money and health. This is not something gotta anyone likes but it is a very important part of trading. Risk protection varies from one trader to the next. The definition of harmony is a pleasing combination of elements in a whole. A mechanical trading system can help you to keep in shape emotionally as it never hesitates at closing loss-making orders.

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