Who
has followed the economic news in the Forex market, you can see very clearly
the events that took place, including the arrival of a pair of $ euro to the
level of 1.3278 and can infer through traffic control that the pair is moving
in the direction of both sides but are you familiar with the basic building
blocks from which you can extract success in Forex trading? This topic may seem
difficult at first but in order to deduce the correct way, you can start to
organize your thinking. In the following three simple basic rules in order to
help you win in Forex.
First
rule - to identify opinion in trade
You
can hear many traders who constantly say that "they do not have any
opinion, and that's just the Forex trade in the movement of prices." And
you can understand that they are either lying or they Technicians to trade in
the forex market or they determine their opinion implicitly. In fact, there is
no difference between traders who are identifying the opinion implicitly
compared with those who identified their views on trade explicitly Both They
determine their opinions about their expectation on future price movements.
The
second rule - Let the price is of the opinion confirms
When
you talk about the price and the expected price movements will we address the
famous saying in forex trading namely that each person may infect his mind at
least once. In order to be analysts who infest in a review in the habit, you
have to make the commercial arm of the history to be able to predict
fluctuations in the price movement based on the recent fluctuations and the circumstances
in which prices fluctuated.
The
third rule - Forex Trade Management
The
Forex Trading represents a stand-alone perfect way to make money, but this
opportunity-oriented professionals and is not for beginners that merchant
professional knows when to start his business, and when it terminates based on
several factors, while the merchant novice actions well known to keep open the
deal at a profit in order to increase profits and closed at start of loss, Such
behavior is a primitive methods in trade may have to lose some of the money for
the opportunity, or that may be harmful to sacrifice the chance to avoid the
worst with the next opportunity.