This time I'll give a little light but useful tips for you to become a successful forex trader.
1. Get a reliable broker
The first tips is a very important step for you to consider, before you start trading with real money. If you are using a robot trading, confirmation prior to the broker if the broker's permit or are there certain conditions, because the usage of this EA depends broker and the broker I suggest you really suit you.
2. Do not overtrade
Trading can be a stressful job if you're not very clever to manage your trading. Over trading this is a cause of stress. Every day trader must have a plan that includes what time I will be trading, the target daily profit / loss targets. Traders should stick to this plan and avoid stress from Over trading. Actually use Forex Robot eliminate this problem, but again, the robot can also make a headache if the work of robots is also annoying, especially security funds are not sufficient.
3. Do not always take advice from other traders
There are a lot of information related to online Forex trading is available. It is important to be careful of information you get and decided to believe and follow him. It is better to make their own judgments. This is especially true with forex trading robot, which as we know many traders use them incorrectly and then give them bad reviews are not fair.
4. Have a plan
Remember, 95% of forex traders fail because they do not have a plan. A trader must know when to enter and exit trades properly, because this is where the core forex. A trader must know when to stop trading for the day. And it all must be planned. Most forex traders fail, because they do not have all of what I said earlier.
5. Trade with what you can afford to lose
in the forex, there is a hidden rule: Do not trade with money needed for rent, for family, for debt, etc. Trade with what you can afford to lose, but do not expect to lose it as a negative attitude is not good for forex traders.
6. Be patient
Yes, you can become very wealthy by trading Forex. Trade manually can take a long time to master and to see the advantages, the most important is that you know the times are good for trading with your style, where you can profit from time to time, patient if you waiting for those moments? If you are able to do it then you can be very rich.
7. Break
Just like other jobs, forex trader also needs a rest, it is important to rest and rest can give your mind fresh, fresh and you become better prepared at the next trade.
8. Avoid most indicators
Most trading tool or indicator can make their own headache. Setting bit only, provided you can read it that important. You only need a maximum of 3 main indicators and 2 indicator confirmed, it wrote.
10. Bold
The average forex trader is less confident when trading, so he believes that one currency will rise in a particular minute, he was then still with lots of small transactions. Even taking advantage per-pip only 100 silver. Then, where his conviction as a trader? He has a shadow of belief, not actual beliefs. The real conviction, he was still afraid of losing his money, with transactions taken.