Tips - Forex Forum

Hello everyone Im new here in this forum to know more about everything in Fx. Actually Im not new in forex, Ive been reading about this around 6 months but I took a little break to increase myself, now I feel ready to get in the market, but more smarter than before, so What Im asking you here is, Do you have some tips to getting back in the market? I know the bigs news around. Thank you .

Get a big screen and a good chair.
And trade real money

hi, as you know six months ago we were completely in a different situation even if crisis times were also shown at that moment. If your trading strategy is scalping, indicators may be useful. But in a long term strategy, fundamental events may be useful and I’d say indicators useless. By the way, let us know if you find something new in the market, even in your preferred tools. Welcome again! Andru

Hello. Im also new in this forum, Im glad to be here. Well, about Alisha say, I have only one tip, get ready, the market has change, I don’t know how much u remember, but for now, we are praying for a better condition than this, If you didn’t see news, the FED cut rates, so that’s bad, can u imagine how can affect the market. So yeah, get ready.

Why did get away these important months? I haven’t been away too much, actually I don’t want to do it, so I don’t know how that feels, but I think is going to be hard to get back in the market, at least you have good info, also, be careful when you are going to be trading, cause you can find a surprise.

lots of surprise may be expected and not just in a pair, I’d say in most of them. Daily events may be a good source if you are looking for some pair to invest in. this also means short trades could give us more chances to get profits. Janeth

This post has been edited by Janethjack: Dec 23 2008, 18:47

I just heard about how index are starting on rise this year. Maybe this is usual but I’m not sure, if some of you can assure us, it’d be nice. At least check some numbers and you’ll confirm it. Andru

This post has been edited by andrufx: Jan 5 2009, 16:20

Good advices people!!!!!

This post has been edited by quigly: Jan 5 2009, 23:06

Hey guys!!! I think some of you got the wrong idea of my break, but it doesn’t matter, Im still want to say thank you all of you for your info and time to write advices and comments. For some of you, of course, I wont do that again, for others, I wasn’t crazy, I needed time to myself and forex.
Anyway, thanks too much.

I’ve seen how EURUSD is going down after that unusual performance some days ago. I don’t know that much about indexes, but it is certain it has lots to do with economy performances. If those are rising, then we must interpret it relating it to currencies

I’ve seen how EURUSD is going down after that unusual performance some days ago. I don’t know that much about indexes, but it is certain it has lots to do with economy performances. If those are rising, then we must interpret it relating it to currencies

hi....i am agree with arnaud.....
Get a big screen and a good chair.
And trade real money

and the most important thing is..........WAIT UNTIL THE MATAF ANALYSIS BEEN UPDATED
then...wait and see....watch ur chart carefully....put ur entry point.....+/- 20 (or up to u.).....from the mataf prediction...leave it...look again in 4 hours....and whoalaaaaa......u will see the good or bad (mostly good) ....coz no 100% right in the forex.....for example...last week i follow this....i just lost twice....win 4.....so....GOOD LUCK.....BE CAREFULL.....AND ALWAYS PUT UR STOP LOSS .......


stevan

I would advise you to learn a little about macroeconomics and the effects different events and indicators have on monetary value ... You have to learn what indicators show inflationary or deflationary pressures on currencies and roughly what kind of corrections you should expect at different values ... Get an economic calendar and look out for press releases and such ... Also learn about technical analysis but don't over do it, keep it simple (as in: moving average and maybe bollinger) ... Hope it helps a little ...

Hi everybody!
I’m still reading and learning about forex, but I don’t really know how I could start trading… How can I practice to avoid making big mistakes? Could someone explain me about it? Thank you!

Tips in general:

1. Economic Calendar: Look at the events, their importance & forecasts.
2. Technical Analysis: Look at what the majority of people are saying. If its 50-50 (short-long) then don't trade.
3. Don't be too greedy: Too much is too dangerous, add a few pips (50-150) everyday & let CI do the rest.
4. Follow 1 or maybe maximum 2 currency pairs. Too many pairs..too much complication.
5. Don't trade more than 10% of your capital at any time. for some people its 2%. Capital preservation is very important.
6. Move your stop losses according to the market...once you have reached halfway towards your target. If the market goes against you...you still have your capital.
7. Be positive.
8. Follow the news. Sometimes news can change the trend.

Hope its useful.

OK. I was checking all the tips and they seem really useful! Now I know I will need a demo. Does someone know where I can get a good one? I want to start practicing right now.

A good demo: http://www.fxcm.com/open-free-100k.jsp
or FXCM Micro lot : http://www.forexmicrolot.com/open-free-micro.jsp

those are related to economy performances in the countries. it means you can use those if you’re making decisions on a particular pair, see how fluctuate the market and expect how it’ll go

im agree with you.
simple step to trading forex is wait mataf signal update.
just take position when mataf update, wait 3-4 hours.

this week, i have more than 7winning ( london and newyork session) with over than 100 pips / trade.
and lose : 0. yess, this week i have 0 for loss.

sounds good, even if I know there are many sources where to get this kind of numbers. Let us know which forum is it. andru

Thank you! I’m going to practice with both… right now!

Actually, forex trading is not as hard as many people think it is, all you just need to do is keep these points in mind and they will lead you to success.
1.Only you can make yourself successful-> You cannot faith on others blindly you should the methods by yourself.
2.Get a methodology that works-> Avoid day trading,use the long term methodology.
3.Don’t over leverage-> Take it slowly to start and deal in small sizes.
4.Pace yourself and be realistic
5.Remember this equation!
Work smart and learn the right knowledge + Simple method = Confidence & Discipline = PROFIT