Some basic tips for getting richer, the Forex market.
* You should be able to perfect equilibrium of the type of return you and your investments, how much money can you invest and how much time you can not wait to leave.
* Apply good money management techniques is crucial. Your money management strategy should never risk more than 2% of your account per trade. Your account will not explode when the trade goes wrong.
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* Did you not panic if something goes wrong and you let your emotions take over your business sense.
* Open an Excel spreadsheet and do some simple calculations. Put less money at first. Slowly increase your investment area, such as your account grows.
* Never too much greed. Try to get a good risk-reward ratio.
* Start slowly and cautiously to grow your account over time. Slowly try to improve the risk / reward ratio to make bigger and bigger.
* In general, the exchange rate of one currency against other currencies is a reflection on the state of the economy of this country, compared to the economies of other countries.
* So try to make your decision based on political factors such as recession, depression, war, political unrest, etc.
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* Initially, almost every trader faces failure, you have enough experience and knowledge to succeed in winning the coveted kingdom with the other 5% successful traders.
* If you have a large trade balance and a conservative lot size, then you can be sure a good percentage of time that your trading eventually will bounce back, especially when it consistent with the H4 or Daily trend.
* Try to trade development, with the LRC and a few indicators very closely and have found a special talent for turning points.
* Finally, remember slow and study wins the race.
* Forex robots are always welcome because they help you pips you could not earn merit without the aid of a robot.
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