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General Forex Discussion
5 Tips for forex beginner
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[QUOTE="arpit, post: 124912, member: 39976"] For many of the traders which do not aware of the Forex market, it is made out of two parts. These are the spot market and banking markets. The spot Forex is the segment where the prices fluctuate every second with trades, which are processed every second. This market has a quality of daily volume of approximately 1,5 trillion USD in trading. On the other hand, Forex banking where every trader makes an exchange for a different kind of reasons which no one can expect. The day by day approximate volume of this market is 2,5 trillion USD. Those two combined means a volume of the approximate of 5 trillion dollars. [LIST=1] [*]Forex exchange completed through the bank accounts or at exchanges traders is done for many motives, such as tourism, the need for cash, purchasing some item from a website. That is why no one can predict this behavior of many people or companies which make the Forex market to move up and down. In short terms, this behavior, determined by many reasons, is moving the prices. [*]If you trade in the Forex market in small thinking you are going to obtain a gambling result. You, superior go to a social establishment where you obtain the drink and food for free. But if you treat and trade in the Forex market in long, smart run you might get some results, even outstanding ones. [*]If you create trading without taking into consideration the risk you might lose your whole capital even if you are a long runner. So, here comes the question- how do we pleasure and trade on Forex and manage the risk reward? [*]If you have emotional management concerns. Taking into consideration the risk greater than others trade tools the emotion is extremely strongly related to the threat. In order to supervise the risk, we require emotional management preparation. Apart from that we also require technical and fundamental information. [*]The best instrument or product to decide to trade on long runs is to release a micro account. This is the finest choice for everyone, particularly if you have a minute amount of money and you are a minute risk taker. If you are an expert, and you have an algorithmic trading, the essential capital for that, you can participate in the Forex daily trade, but this is something only specialized should do. [/LIST] [URL deleted] [/QUOTE]
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