Simple Forex trading strategies for beginners!

[Achref]

thank you for sharing this ! appreciate

 

[Marian Median]

Beginners are always in a continuous tension that they may lose their funds due to many uncertainity factors. When it is the question of survival not only the beginners, but also it can be hard for any expert traders also when traders are unable to perform money management processes smoothly and in desired manner. Every trader should try to carry out competent risk management course of action in conglomerate with fund organization.

 

[Jakkapan]

Good Post. Thanks for this information.

 

[tk520]

i thank its goods. thanks you

 

[Elvis15]

Very great post hope help everyone.

 

[ellis]

Thank you, this post is helpful for my forex trading.

 

[doss]

old post but I am glad it is still relevant !!

 

[deryas19]

yes bro usdmxn is an amazing pairs

 

[george cuyno jr]

I think having a proper education and money management to make successful trader

 

[Muhammad Waqas Baig]

Really want to thank you for such important points. if we take care these things in trading we will defiantly get successful trading and earning.

 

[Benny G]

Risk Management and Trading plan is a key componment in trading!

 

[edyy]

Good Post. Good Money Management is a key success in Forex trading.

 

[Forextivo]

I'm newbie gaining my knowledge from this forum and Really It's helpful for me before I thought this forum is not much usable for me but after checking posts There are many profitable people and moderators are sharing like Free EA and many knowledgeable stuffs.
Guys don't just post unnecessary thing here only just to download things You must read some stuffs which is helpful here.
Although I'm newbie here and just trying to increase my posts to download EA and check it's really profitable or not.

I hope my limitation will be remove soon

Thank you Moderator for your hardwork just to make traders life awesome.

Keep it ForexForum.co

 

[herman]

Are you new to the Forex scenario? Are you looking for some useful trading strategies that can help you to grow big in your trading carrier? Then you are reading the right content as we are going to help you with some Forex strategies that will prove to be very useful in kick starting your carrier as a Forex trader. First and foremost thing most of the experienced trader suggest is to try your luck on demo account before you actually start earning or losing money on real account.

Once you start trading in real accounts then following strategies can be very useful for you.

Ø Staying updated is very important to win games in Forex market. keep an eye on all the global economic and political news that can affect the currency you are trading in. Global happenings can have deep impact on the price and direction of movement of the currency. It is better you put e mail alert, alert on your internet browser and text message alerts to receive all the important news on time.

Ø Learn to read the patterns and understand the market trend before taking important decision. Whether the market is moving up or sliding down, a pattern is always present in the market. All you have to do is recognise the pattern, evaluate it against other factors determining the trends of the market, see the past records and then take important decision of buying or selling the currency pair.

Ø It is advisable for a newbie to avoid thin markets initially. This thin market is highly volatile with very less public interest. Don’t let the greed blind your wisdom and take unwanted risk just to lose money in the end. Panic trading can be very dangerous for a beginner who does not have any trading experience. It is better you stick to the facts rather than trading with your gut feeling.

Ø Wise use of margins can act as a money multiplier for you. Trading with keeping margins in hand is a very good thing as it can increase your gains exponentially. But wise use of margins is equally important because if the things go other way round you will lose much more then what you have earned as beginners luck. You can get maximum gains using margins when your position is stable and you are trading on low shortfall risk.

very insightful,many of us underestimate the power of good margin

 

[herman]

One of the most important factor is discipline. Another important thing is a trading plan. These two are key elements if you want to be successful trading the market.

true,they go hand in hand

 

[inroolkaka]

I'm agree with you, Learning is best friend for FX traders.

 

[Jod]

If you are new to trading I recommended you stick to higher time frames, read up support and resistance, candle and price action patterns and you will be fine. Thanks

 

[TheOrangeTrader]

Agreed. Also the ichimoku indicator is also very good for beginers, only buy when above and only sell when below. keeps you in good trends

 

[Baazex]

We as forex traders believe that traders should start small and grow accounts as their skill improves, we cannot ignore trend following trading breakouts can be a great way of maximizing potential gains. Breakout trades are often used with larger risk.Strategies will help you if you only have a patience to trade.

 

[Lene Hutmacher]

Forex trading is all about eliminating the losing trades and achieving more winning ones.
Is a process of trial and error. To have a chance at becoming successful, you have to get out and try every strategy. Experiment, change and improve before you choose the one strategy that suits you the best.