The novice trader successful trading foundations of the financial markets.
There are plenty of tools to trade, it is robots and indicators and signals, etc., etc., they are definitely working in the right hands and generate revenue.
Only minus is that they constantly need to adjust to the market dynamics that can be done only trade professionals. Many beginners luck, found a free or purchased a robot or a strategy tried out, went to the first money and then think that here it is the well-being, but is never so simple, the market has changed the dynamics and merged deposit, the strategy stops working - it's ok! !! Next I will talk about the importance of developing their own strategies and tools needed to do so.
Forex traders : Effective forex trading strategy
In the first place I would put a deposit as It depends on the size of your peace of mind and success, respectively. Why is that? The emotional component is an essential part of successful trading, respectively, when a trader makes a deal with the risk in 0.1% of the deposit, even if it is closed in the negative, it does not spoil the mood of it than if the transaction amount is 10% of the deposit. Thus, following the transaction the trader wants otigrat loss and will double the size of the transaction, even if the third, fifth, sixth, the transaction will be unprofitable, the trader who started with 0.1% will regain calm, look for bugs and find solutions; a trader with a 10% deposit of the start of the merge, it is a fact !!! This approach to trade is the basis for mani - management, and it really works.! Big money make big money, you should not start the way a trader with $ 100, you will merge them! Make no complex calculations relating to the minimum deposit and minimum transaction, this point is important when choosing a broker. For example, there are brokers with a minimum bet of $ 1, then a deposit of $ 200 will be quite appropriate, but if the minimum transaction broker $ 25, respectively, the deposit must be at least $ 2500. I hope you understand and accept this information - it's the basics of trading!
Selecting expiration - this is the second. Expiration - a time period for which a trader opens a transaction. To select the expiration of the transaction, try to find the market dynamics in the previous repetition intervals sopostovlyat with news, what or recurring events. Someone prefers scalping, and someone dolgosrok. For scalping does not make sense to monitor the dynamics or minute charts to trade on the great three-headed news or opening of the American session on USD pairs. Dolgosrok suitable for assets not related to currencies.
Third - is the choice of assets to trade. There is already depends on your own comfort, like a quiet market or turbulent dynamics, scalping or dolgosrok. Currency pairs of European and American sessions, such as the EUR, USD, GBP, have an intense dynamics and are suitable for lovers of scalping strategies; metals assets of oil company stocks are more predictable dynamics measured, easy to open long-term deals.
All three of these components, while honed and systematic approach, comfort of use and translate into strategy, profitability and reliability!
The road by walking!