ForexStars

[forexstars]

Tips for trader beginners:

Remember that hope and fear are the mortal enemies for a speculator

In common life hope helps us to move further even when there are no objective facts which help us to do it. Fear is a natural defensive mechanism that helps us to avoid dangerous situations. For a trader these feelings are enemies. A hope that the market will turn towards your position will not let you close a losing position and the fear to get a loss in a further order will not let you participate in a significant market movement. Make decisions only on the base of objective facts; do not allow the feelings to interfere into your trading.

[forexstars]

Get real experience without risking real money!

Start your tournament career with real money without any risk – join a Freeroll Tournament today.

Our daily freerolls are opened for everybody and in more than 40 freeroll-tournaments held every month you can win a share of prize pool of $2000. Freeroll is a chance to win real money without deposits and buy-ins.

[forexstars]

Regular Tournaments

Tournaments for any purse, experience and trading system! Everyone will find his battle, competitor and a victory.

Regular tournaments are the most popular contests today. In these tournaments you will be able to show your skills! Become the best among Forex professionals!

[forexstars]

Tips for traders:

Don’t look for thrills in the market

Surely it will cost you much. If you look for entertainment – go sky jumping. Traders open positions not for thrills but to earn. If to get profit a trader needs to spend the whole day in front of computer and watch a sluggish market waiting for a probable movement, a trader must do it. Profitable trading is a rather boring and stressful thing connected with repeating the same actions during a long period of time. If you seek for thrills from trading – you already get what you want and you can’t get profit anymore.

[forexstars]

Tips for traders:

Always stay calm

Many successful traders advise closing positions at once if you lose your psychological balance and start being nervous. Anxiety turns into fear very quickly and it decreases your ability to think clearly and consistently. It is this ability that lets traders earn money.

[forexstars]

Tips for trader:

Always do self-education

Forex market changes faster and faster. It is proved by the fact that the systems which brought profit yesterday, today can turn out inefficient within new conditions. So, to stay among “profitable” traders, you will have to change together with the markets. It is impossible without new knowledge. Read books, study new markets, communicate with other traders – gradually you will learn to understand Forex market even better and you will feel that it starts changing and it is time to correct your system.

[forexstars]

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

[forexstars]

Tips for traders-beginners:

Develop your intuition

Intuition is kind of experience processed and kept in our subconscious. During the process of learning trading we analyze a huge amount of information, see thousands of price patterns and kilometers of charts. All this information doesn’t go away; it accumulates in our brain and influences our future actions. Often a professional can’t understand his assurance of the market. However, often these subconscious signals give an opportunity to foresee what others just are not able to see. As you understand a right for intuition must be earned but it is never too early to start developing your inner self.

[forexstars]

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

[forexstars]

New design of ForexStars

The design of the largest independent portal of tournaments www.forexstars.com is totally updated. Creating a new interface we considered the wishes of our constant clients.

Now the website is even more convenient and functional. Forexstars team developed intuitively obvious tournament rating lists and an easy registration form. Besides, there is a detailed schedule of free and paid tournaments on the website.

Estimate a new design of the portal and join new tournaments!

Best regards,

ForexStars

[forexstars]

Tips for traders:

Forex trading is not an entertainment.

Many people believe that the life of a successful trader is full of bright events, expensive things and much time to spare. Successful trading is disciplined and even in most cases has a trade plan which must be worked out according to you analytical work. You must hide your emotions during trading at Forex, a professional trader is seldom surprised by his result – whether he won and lost. He is ready to any result because there was a plan before he started trading.

As soon as you reach a level when you turn off your emotions from trading and when you feel that losses and failure don’t have a negative impact, you will be on the right track.

[forexstars]

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

[forexstars]

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]

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.

Edited November 18, 2013 by forexstars

[forexstars]

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

[forexstars]

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]

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”.

[forexstars]

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

[forexstars]

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.

Edited November 29, 2013 by forexstars

[forexstars]

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.

[forexstars]

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.

[forexstars]

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

[forexstars]

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

[forexstars]

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.

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[forexstars]

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

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