First modern messenger operated by a Swiss bank, with instant mobile payments system and a social network. The Swiss Forex application provides you with the most up-to-date foreign exchange market information in real-time.
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Since you are not logged in, we don't know your spoken language, but assume it is English. Please, sign in or choose another language to translate from the list. Your spoken language successfully changed to. I won't name those brokerages in this article. Actually, I won't mention any other brokerage names in this article. My purpose in writing this article is to help you select the forex broker that is right for YOU , not to tell you which broker you should chose.
If you've have already picked a forex broker that you are completely happy with, then you're done. If you are having trouble deciding which broker to trade forex with, please read on. From my perspective, choosing a forex broker is a personal decision. First, you need to make a list of what you want from a broker. Some things you will absolutely require, others will be things you want, but can live without.
There are so many factors to consider. There is no way I can list them all, but here are some of the major ones: What country is the forex broker regulated in? Is the broker regulated at all? Some will claim to be "self-regulated. There are a few unregulated brokers that aren't too badly rated. The problem with this is how do you know they won't go bad later? I have been trading Forex market for more than two years and the most honest thing that i ever achieved is loses in most of my trades.
I traded Dukascopy live, Demo and demo contests and fail and wake up and drop again. It was sad experience. So, i decided to quit, for a while at least and speaking from my heart.. I started hated Dukascopy. Then, i tried so many companies with a lot of offers. I waived myself and felt so proud that i have got something that will help me go far and achieve something I wanted for my life.
I was wrong and i was heading toward something very worst. That there the age a child will feel safe to try everything and taste everything w…. I chose today one of the most important technical tools that investors rely on in the long term and also adopted by most analysts in their analysis of all financial markets and most of the graphs you find in it because some consider the border and the most important between the ups and downs for a share, commodity or currency and use shall be for the daily time frame and above.
The name of this indicator is The moving average There are many experts and analysts who rely on buying and selling decisions on this average without other tools and that is due to its credibility and strength in all market conditions, I have tried this average for 6 months at different time periods such as four hours and hour and others and found many positive and negative observations in the work of this indicator on different periods and that we are talking about the currency market also found a difference, even if simple results or credibility from one pair to another.
My way of taking advantage of the SMA: First, I will explain to you quickly the concept of technical averages and indicators for analysts and how they will be used in their trades and decisions based on the amou…. The problem is fear. This can be fear to lose it all, fear to give back their newly made profits and most of all, fear for the unknown.
A very common question is ''how to overcome the fear after taking lots of big losses''. This is a question I had to ask myself many times. In the beginning of my journey I endured loss after loss without knowing and realizing why.
To become more consistent I started trading more and more.. Hopefully you all realize this is the most stupid thing to do. If not, now you know it is. I also opened positions that were way to big for me simply because I ''thought'' the price would move in my favour. Never think the price will do so just because you think it will. Realize and evaluate After about six to twelve months I realized I would not get anywhere with what I were doing at that time.
I had to get away from my desk and screen, I had to reevaluate my actions. This was very hard for my as I had to completely step out of my daily routine. The first days felt exactly as I expected. It was almost as if I were enduring withdrawa….
They are always new simple interpretations and process that may be included in your current trading system to maintain a structured approach to the market and achieve constant returns. Another important factor is to set a precise set of rule to control your actions when the market does not react as expected. Just like any trading system, the guidelines to combat a negative market must be simple enough to remember and execute.
These guidelines must apply to a variety of scenarios and must be designed to compensate for the individuals weaknesses and inadequacies. In order to achieve long term success, they must be formulated to help in maintain discipline on a daily basis and offer timely memory aid in difficulty situations. Here are some of the tips 1. Learn to limit your losses Successful forex trading is more about avoiding losses than making profits.
While avoiding losses, one protects from the drawdown that affect your existing account capital. Other ways of avoiding unexpected loss is by using predetermined stop loss level. A more advanced method is using trail…. Forex Trading an Art or Skill? This month I have completed one year on Dukascopy Community and it has been a good year for me. As per my experience I think forex trading is an art as well as it can be learned by some intense practice. This month I have participated in trader contest also and my equity is at I am participating in trader contest for more practice and to gain confidence.
From the experience I come to know sometimes you cannot rely only on knowledge and you will need to act quickly as you get opportunity. Sometimes for the sake of fear you cannot open a trade as you have got stop losses triggered in a row.
This affects psychology and for many days you remains in fear till the winning streak starts. Because of fear you close a position early when it is profit and you miss a large profit. Some people remain unaffected by the circumstances whatever happens for them trading is an art.
But for some requires an intense practice to gain skills and to gain confidence. Why trading cannot be a profession? Trading does not guarantee a ….
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