forexstars
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Tips for traders beginners:Choose your type of account and leverage according to your needs and expectations.Continuing the above-mentioned advice it is necessary that you should choose a type of trading account which meets your expectations and knowledge most of all. Various types of accounts offered by Forex brokers may be confusing at first but a common rule is that the lower the leverage, the better. If you have a good understanding of leverage principles and trading in the whole, you will be satisfied with a standard account. If you are an absolute beginner, you better practice trading at Forex with a mini account. In the whole, the lower your risk, the higher you chances for successful trading. So, make you choice in the most conservative way especially when you start your career.
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Remember, at 14:00 an 21:00( UTC +0:00 ) freeroll tournaments will start for Forex traders.Register for the tournament and win its share of the prize pool $ 2000!
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Dear client of ForexStars.com!We are glad to announce that we have launched a new website version http://forexstars.com/. We tried to make it as convenient for you as possible. You can enter your account in forexstars.com using your former registration data – email and password.Join forexstars.com, participate in our daily tournaments and win!Good luck in ForexStars.com!
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Tips for traders beginners:Know yourself. Determine your risk appetite. Understand your needs.To get profit from trading you have to understand the market’s behavior. To understand Forex market, you must at first understand yourself. The first step of getting knowledge about yourself guarantees that your inclination to risk while investing and trading at Forex is not insufficient or over sufficient. It means that you need to examine and analyze your financial goals before trading at Forex.
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Remember, at 14:00 ( UTC +0:00 ) freeroll tournament will start for Forex traders.Register for the tournament and win its share of the prize pool $ 2000!
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Klien ForexStars.com terkasih!
Berpartisipasilah dalam turnamen harian kami dan menangkan!
- Lucky American Freeroll
- Lucky Asian Freeroll
- Lucky european Freeroll
Dengan total hadiah masing-masing turnamen sebesar $30.00 dan maksimal partisipan sebanyak 100 perserta.
Dapatkan informasi selengkapnya di:
http://forexstars.com/Tournaments?ContestTime=Current
Semoga Anda beruntung di ForexStars.com!
Dengan hormat,
ForexStars
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Klien ForexStars.com terkasih!
Dengan gembira kami mengumumkan bahwa kami telah meluncurkan versi situs baru http://forexstars.com/. Kami berusaha untuk menjadikannya senyaman mungkin untuk Anda. Anda dapat memasukan akun Anda di forexstars.com dengan menggunakan data registrasi lama Anda – email dan sandi.
Bergabunglah degan forexstars.com, berpartisipasilah dalam turnamen harian kami dan menang!
Semoga beruntung di ForexStars.com!
Dengan hormat,
ForexStars
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Tips for traders:Remember about a Stop-Order. A common cause of losses is a wrong money management. To prevent huge losses use a stop-loss order.
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Remember, at 14:00 ( UTC +0:00 ) freeroll tournament will start for Forex traders.Register for the tournament and win its share of the prize pool $ 2000!
-
Dear client of ForexStars.com!We are glad to announce that we have launched a new website version http://forexstars.com/. We tried to make it as convenient for you as possible. You can enter your account in forexstars.com using your former registration data – email and password.Join forexstars.com, participate in our daily tournaments and win!Good luck in ForexStars.com!
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Dear client of ForexStars.com!
We are glad to announce that we have launched a new website version http://forexstars.com/. We tried to make it as convenient for you as possible. You can enter your account in forexstars.com using your former registration data – email and password.
Join forexstars.com, participate in our daily tournaments and win!
Good luck in ForexStars.com! -
Tips for traders beginners:Don’t be in a hurry. Novice traders often open several positions but then realize that they aren’t able to keep track of all of them. At Forex you can earn money both at a rise and a fall of exchange rate. You can earn successfully only at one currency pair. That’s why concentrate on one currency pair at first and study the rest gradually.
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Tips for trader beginners:Accept the possibility of losing your money as an inevitable fact. Every novice trader should understand that no one is impervious to losses at the foreign exchange market. The main rule of currency trading is that the profit must be much greater than losses.
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Tips for traders:Build your trading pyramid properlyDon’t forget to increase your opened position if the market moves in your favor and your feel you’re right. The trick of building a trading pyramid is in making each new addition to a position less than the previous one. Only with such pyramid an average rate of your opened position will allow you to withstand short-term rate movements against you without losses. "You can be far more aggressive when you're making good profits"- Stanley Druckenmiller.
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Tips for traders:Constantly develop three areas of knowledge: fundamental analysis, technical analysis and market psychology. These three components arm a trader to conduct operations at the battlefield of financial markets. Constantly develop yourself, read as much information as possible and don’t forget about practice.
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Tips for tradersLearn the psychology of tradersTraders, it is them who form the currency market, are, first of all, people with their emotions and psychology. What is the exchange rate chart? This is nothing else but a graphical representation of opinions, hopes, desires, and fears of the global community of traders. For a successful trade the study of human psychology and its impact on the trading decisions is necessary. Analyzing the price chart, try to understand the feelings and thoughts of traders in each moment. This approach will allow you to leave the ranks of cowards and the weak and to join the ranks of aggressive and bold "bulls" or "bears".
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Tips for traders beginnersDon’t give loose to your emotions. An experienced trader treats losses and winnings equally. Remember that one-time gain or loss change nothing; the result by the end of the month, quarter, year is more important.
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Tips for traders beginners:Don’t use a significant part of your capital in trading. If money is great, you will be very afraid of losing it. And as it is known, those who are afraid of losing, loses. At first, a more important thing is not the amount you will manage to earn but the development of trade efficiency.
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Tips for traders:Make decisions yourself:Trader is a person who is 100% responsible for the results of his work. That’s why a trader always has his own trading plan and makes decisions HIMSELF. Only if you refuse from the majority opinion, you can understand whether your actions are right or false and this is the clue to your profitable trading!
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Tips for traders:
Keep a trading record. Describe your positions in a special trade diary. Besides factual information about the transactions write your thoughts into it. It will help you to correct your mistakes. If you know exactly the cause of your mistake, such mistake turns into an invaluable experience. -
Tips for traders:
Move from simple to complex
Choose a market (for example, USD/JPY) and study its history for at least past 10 years (the more history you study, the better). Mark trends, levels of support and resistance on a price chart, look at the prices approaching the levels. Find familiar and unfamiliar technical analysis patterns and make a thorough examine of the price behavior in these patterns. Try «to hear a melody» of currency exchange rate shown on the chart. Having made such exercises on different scale charts (monthly, weekly, daily and hourly), you can find a lot of useful regularities. -
Tips for traders-beginners:Don’t overtime loss positions. Practice shows that novice traders are ready to keep a loss position just until the balance comes to zero. But profitable positions are closed just a few points in plus. Learn to close loss positions easily as well as to wait easily for profitable positions to reach high. Always use Stop- and Limit- orders; it will help you to avoid losses at short-term spikes.
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Tips for traders beginners:
Don’t believe trade analysts and Forex forecasts. Most analysts have never tried being a trader and the main source of their earnings is paid forecasts. Learn to take responsibilities for all trade decisions only on yourself. Remember, analysts will not return you a loss in case of failure. -
Tips for trader:
Discipline is a key to success
Many traders fail even having a “dangerous weapon†– their own trading system. The secret of success is in trader’s self discipline and his ability to follow the signals of the system not losing the moments of opening and closing positions. “If you break a discipline once, the next transgression becomes much easierâ€, – Gill Blake, fund manager.
ForexStars
in Forex Brokers
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