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Tips for traders beginners: Measure twice, cut once As a novice Forex trader you must accustom yourself to planning your transactions. Planning your trades will make you used to self-discipline and will protect you from emotional transactions which, as a rule, bring only losses. http://rghost.ru/50932614/image.png

Weekly Tenner which is held only once a week starts 2013-12-12 12:00 UTC! The registration has started! http://forexstars.com/Tournaments/Tournament?id=101643 http://rghost.ru/50911278/image.png

Fix your success and loss Only the one who does nothing, never makes mistakes. Starting your way of Forex trader you will make mistakes and negative orders anyway. To avoid these mistakes in future you should keep a diary of your transactions where all your mistakes and victories will be recorded. You also can write your observations about market and yourself. Believe, such diary will be as useful as any other training literature. http://rghost.ru/50886810/image.png

New video of Forexstars - http://www.youtube.com/channel/UCgd93qGnG4VmQRk8XKYYGTA?feature=watch

Weekly Tenner which is held only once a week starts in 60 minutes! The Prize Funds is already $110! The registration has started! http://forexstars.com/Tournaments/Tournament?id=101584

Tips for traders: Limit information Read only important information. Ignore analytics and “guru” – you have your own brains. There is always much information but a novice trader always has to choose only reliable and important sources of information. There is an abyss between talking about market and a real opening of a position. You must be a practicing trader. We don’t advise using complex trading systems. Ideal TS must be easy for explanation to another trader within 3-5 minutes. Genius is simplicity.

Tips for beginning traders: Factor of safety and limit of risks Your deposit must withstand a certain (planned) drawdown. Use money-management when opening positions and stop-orders. When the price is moving against you, it is better if you know that you can resist such movement.

Tips for traders beginners: Profit and loss ratio At least they must be equal, after that you can try to increase your profit decreasing your losses at the same time. A novice trader fixes the profit just after reaching a small profit; an experienced trader lets the profit rise. Putting stop-orders try to make your possible profit higher than loss. Otherwise your deposit will be fading slightly. If you see that the market is against you – surely close a losing position, don’t let the losses to increase.

Weekly Tenner which is held only once a week starts in 60 minutes! The Prize Funds is already $110! The registration has started! http://forexstars.com/Tournaments/Tournament?id=100527

Tips for traders: No schedules You must have a trading plan but you cannot make a fixed profit every day – it is market and it changes. If the situation is not clear, if currency movements don’t meet your understanding of the market – don’t trade at such moments. You also shouldn’t enter the market only because you’re tired of waiting. As traders say: “Being out of market is also a position”.

Tips for traders beginners: Don’t trade against the crowd Understanding “market mood” you should open most positions to one side. Trend is always our friend. Don’t catch short movements- it requires experience and skills. At first, try to learn getting small profits at strong movements.

ForexStars Launches New Tournaments Sit&Go! Dear clients! In the nearest future Forexstars.com will launch new tournaments which many of you waited so long! Sit&Go tournaments! Opening time of such tournaments is not predetermined. A tournament starts next hour after the last participant has registered. ForexStars.com offers Sit&Go tournaments which will suit everyone: - limit of participants up to 10 people with different buy-ins - prize fund up to $100 - minimum risks In Sit&Go the number of participants is limited, which means high chances to win with low risks. Only a chance will determine future rivals! More risk – more luck! Follow the news! Best regards, ForexStars

Tips for beginning traders: Practice! It means trading on a demo account and after a successful testing of your trading system (TS) – on a cent one. Really, trading on real money even if it is not big you feel absolutely different rather than you know that you risk virtual “unreal” money. Using a demo or a cent account, a trader: • keeps himself/herself up; • develops a “feeling of market”; • can test new trading strategies; • can examine trading mistakes on real terms; • expands comfort zone enlarging deposit. Don’t underestimate cent accounts even if you are an experienced trader – using new trading methods you will significantly lower the risk of losing money. After you make sure that everything works ok, shift to a dollar account and enlarge your deposit.

Tips for traders beginners: Trading should be started from one currency pair. Traditionally EUR/USD is considered the most predictable and stable pair. Trading other more volatile currencies lets you earn more but the probability to lose also rises.

ForexStars launched new tournaments! The largest and independent portal for ForexStars traders started new tournaments with considerable money prizes! Now, besides freerolls (free tournaments) traders can participate in regular tournaments with a large prize pool. You can find a more detailed schedule and tournament rules here. More than 8 000 traders from all over the world have already shared prize pool of $100 761 in the tournaments of ForexStars.com. Become a winner in new tournaments, register right now! Best regards, ForexStars