Forex tips

[fututraz11]

I've learned some forex tips that I would like to share to beginners:

• Stop-Loss guaranteed: to be sure that it's not "around", nor "near", but rather exactly on the rate as you defined.
• Full control over your funds: can you control your funds from anywhere, at any desired time? Is it really 24 x 7 x 365?
• On-line currency rates: are the rates shown the most updated rates? Is it powered by reliable providers?
• Commissions and hidden costs: is the trading at your Forex dealer’s site clearly visible and well informed? Are you paying commission on withdrawals? Are you paying commissions on the trading forex?
• On-line Chat or phone contact: are their dealing forex room experts available for your phone calls? Do they offer free numbers and chat services?

Please share more to make it useful for forex traders!!

[bestforexpartners]

Hi,

These tips are really very commendable. Its good piece of info. Forex trading is emerging to be a great way to generate maximum money. The tip that I want to share is that the traders should enter in the world of Forex and trade with real money when they have proper knowledge of the strategies of the trading.

[Fxpipper]

Nice! Would like to add to the above..
- Do not use automated programs or Expert advisers until you are sure that they work [check them out with a demo].
- In case you are using a VPN, make sure that the VPN does not come with unscheduled downtime..double check their ratings with independent review websites.

[Jakinda]

Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.

[Fxpipper]

Have always wondered whether scalpers started out this way. To be fair, large trades can go either way especially if you are new to the game. Given that, new traders have little option but to start small unless they have a healthy account to start with [$5000+]..

[hag.fx]

I've been doing some tests in DEMO accounts, I'm realizing that, for making money in forex market starting with a small account you must be a kind of juggler, too hard! And profits are small instead...

[Fxpipper]

Yeah, it does not make sense to open a live account [if you are a newbie] and dump thousands of $. It is better to start with a demo, learn about the market, move on to a small live account.
The catch, small accounts [mini, micro, small lots] with 1-2% MM does not translate to great profits. But it still works as a valuable learning tool and with some good trades, experience, you can increase your account balance.

[Eugene]

Your points pretty interesting fututraz11... As i were a beginner i learned good advice on trade... Thank you.