Forex strategies and how to play for Beginner Traders

Online Forex Running a business is one business that requires experience and a strong mentality and understand forex strategies on how to bet.

To become a successful trader, you have to understand and learn forex and understand about what is forex. You have to go through several stages as well as positive attitudes that support to succeed in the business.So that you can become a Professional Trader needs to establish the attitude and the initial steps that need to be taken include:

 1. Determination strong, not easily discouraged, and rest assured you will be successful in this business.
 2. Learn the main techniques forex business on an ongoing basis, even if you've managed to become a professional trader, learn continuously, because of many factors that will affect the market price movement. 
 3. For the first time you must do is to Demo Trading for at least 3 months after you feel proficient enough stock and then you start trying to trade live. 
 4. Focus on the trading system you are good, if you feel the system is inadequate, you can try any other system that you control.

  If you plan to start live trading then do a deposit only 25% of the plan will be to embed the funds in this investment. If at this stage you lose, do the same thing that try to invest 25% more like the early stages, if you tend to lose again at least 50% of the total investment in the second stage, then it is recommended that you stop doing real trading and you try to learn back on a demo account until you are absolutely sure and know where the location of your mistakes when trading on a real account.
    If when trying real account and you run into profit for 3 months, then you are able to put all the money you budgeted at the beginning of this investment.

 Some basic principles that must be held in trading include:

 - Make Trading Plan, plan when you enter the market, when you stop for damages, as well as how the maximum expected profit.
 - Learn the trend before trading
 - Analysis of the global news that is happening, is inclined towards bullish or bearish.
 - Look at the movement of the price of gold and oil, the price of gold commodity price movements usually synonymous with GPB / USD.
 - Do not fight the trend if you are just a small trader, the current upward trend in prices you try to install a buy and vice versa if the price trend tends to fall do sell.- Focus on capital you have, do not overtrading, use a maximum of 50% of the capital you have.- Knowing when to cut losses in the event of an error in the analysis.- Do trade by looking at the movement direction is actually happening in the market, instead of using prediction.- Based on the experiences of some professional traders that technical analysis is better than fundamental analysis.- Learn and understand the movement patterns price trends.So at a glance management trading strategies for the novice trader in the Forex business, in addition you have to be patient, believed to be the trend, calm and do not panic, do not be greedy, and do not be desperate. Good luck.