Now that you trade in Forex on the ground with an account by default for several months, for example, and that you have minimal experience and having developed a method to trade depends on the particular method in the analysis of price movements and proved to you this way effectiveness results of the well in the default account and a relatively long period. We are now ready in principle to trade actively in forex, but you are so far a new investor and still you lack experience of investors, experts, so we devote this article to the most important tips and basic rules in forex, where the whole investors are experts in the market that these basic rules in the Forex help Your success as a new investor and prolong your life in the forex market.
Applying the previous rules you specify the amount of money to trade him and you choose a brokerage firm and opened an account with them to start minimized since now the real journey in the world of speculation in the stock exchange of international currencies.
Through practice that you have made in the previous period have become well aware of the nature of the movement of exchange rates and thus became familiar with the nature of hazards at work in this area, how can you reduce these risks to the fullest extent possible?
There are a lot of rules that must be followed before and during the login for a deal, including:
The first rule: Use the order reduction of the loss.
The second rule: do not lose more than 2 - 2.5% of your account in one transaction.
The third rule: based on analysis in the entry and exit.
Rule Four: Do not enter in a deal unlike Mel Price.
Rule Five: Do not trade at such times and conditions are not appropriate.And we will explain in some detail the rules for this very important.The first ruleIs used to minimize lossOne of the main rules in stores alwayes trade with stops. We've talked in the page types of orders for order reduction of the loss stop order and explained the basic rules in dealing with him, in fact, of all kinds of commands is a matter of reducing the loss is the most important and most necessary.
Why?
Is because the reduction of the loss is the main line of defense in your protection.Do not expect a true all the time. Have made the effort required in the analysis, but something happens which makes the price movement begins in Maakcetk where you start to face the loss with each point Ieksk the price. This is something very unexpected volatility in the market as a market currencies.
Here comes the role is to reduce loss and which will serve to close the deal before your losses to double to a large extent.
Placing an order reduction of the loss prior to entering into the transaction is a recipes professional._en, after analyzing the store price movement of a currency and decide on the basis of this analysis to enter into a deal selling it or Hraoua will determine in advance the point that will close then the deal in case of loss prior to entering into the deal. that says, for example: "I think that the euro will rise shortly after so Sastraeh price as well but if you did not rise as I expect I Saglq transaction loss at a price as well", because the predetermination of the exit point loss saves the stores from falling under the influence of psychological "in the hope of" return price later. And commitment to do so is often the difference between the stores successful and unsuccessful.
Velanillat Decipline and strict adherence with data analysis and ignore the psychological impact is one of the most important success factors for speculating in the stock exchange and thus one of the most important physical causes of the high income that comes with this success.The second ruleDo not lose more than 5% of your account in one transactionWhen you decide to enter into a transaction will determine the point at which it will enter the buyer or a seller of a currency. Will determine the point at which then will come out in the case of Axk price and suffered the loss.The amount you can lose in a transaction must be no more than 5% of your total.What does this mean?Suppose that you have a regular account by $ 10,000 and decided to enter into a deal, it means that you have to calculate the price that will emerge in the case of loss should not exceed the loss that occurred for $ 500 which is equivalent to 5% of all your total.For example, if you bought 1 lot at £ GBP / USD = 1.4500 on the basis that the price will rise shortly after So where is will reduce the loss?Put him at a price of GBP / USD = 1.4450.Thus you determine your loss of $ 500 USD which is equivalent to 5% of your account.
What if you bought 2 lots?
If it has reached the price to GBP / USD = 1.4450 be your loss here $ 100 because you have 2 lots and not 1 lot and this amount is equivalent to 10% of your account so you have two options: either closer to the point of exit in case of loss for the price: GBP / USD = 1.4475 and either do not Lott originally only buy one.We have stated when talking about is reducing the loss that you can not place it very close to the price of your login and 25 points are very close to the point of entry is not permissible if to put order to reduce the loss at a price of 1.4475 is not left in front of you but do not buy more than one lot one.If you have difficulty in understanding the previous example, remember the following:You know that the size of the loss depends on the number of points and lose on the size of contracts (croaker), who enter it. The more points you lose more than the amount that you lose $ 0.10 for each point in the regular account and $ 1 for each point in the mini-account.The greater the number of contracts purchased in a deal more profit in the case of increased profit and loss in the case of loss. When you enter a deal to put the point so that the loss will not lose in this deal more than 5% of your account.On this basis, choose the number of contracts and the price will order to reduce the loss of him. If you buy for 2 lot will make you lose more than 5% of your account do not buy the lot, but 2 Buy one lot. Although it will set the price at which he has ordered reduction of the loss will make you lose more than 5% of your account - that happened - you should bring the price of the entry point more.To be not less than the difference between the entry price and the price reduction of the loss of 30 points, as we have.Why should I do that?That you comply with this rule Sajbarak not to rush to buy large amounts of the contracts the hope of large profits.Yes, the purchase of 10 lots will give you enormous profits that have ratified your expectations, but in return will cause heavy losses if you believe your expectations.If you entered the large size of contracts but have not ratified it lose all your expectations as you have money then you can not even get the chance to make up for lost.But if he has committed not to lose more than 5% of your account, it means that he will remain in front of you the opportunity and wide to make up for lost money and will protect your account if exposed to a number of successive losses.The third ruleNot included in the deal unlike Mel PricePrice tendency friend shops Trend is your friend I have mentioned in page-mile price that a main rules Stsamaha much in the analysis of all financial markets.It is often observed a significant cause of success.How bound by this rule?That do not fall in a deal that unlike the general trend of the price tendency.How so?When you analyze the chart for one of the currencies will be one of the most important goals is to identify the tendency of the price currency of any general direction of movement of the currency.Is the exchange rate is moving upward up trend? Downward or down trend? Or the price almost does not change side away?When reached to answer this question by analyzing the chart and in multiple time frames must be set to enter As a deal in the direction of price and interfere reversed.For example, if we assume that you have reached a mile pound tends to rise. Ought to be all your transactions on the pound is a pound to buy and not sell it. This is because the general trend is the rise of the pound, even if the pound is now down at any moment will return to height. So always make sure to enter the pound and the purchaser is not a salesman.You if you sell the pound will be in your best interest to drop the price more and that the opposite tendency for the price that is in high probability of occurrence less the likelihood of climbing.When the currency price of a mile a rising tendency Uptrend sure to be a buyer for the currency.When the price of a currency miles miles bearish Down trend sure to be a salesman Lhz currency.Because the likelihood of continued price movement with the general trend of greater likelihood of adverse he is the general trend.The obligation to enter into the direction of inclination trend is liable to make your transactions more successful than losing your position, but said that this tendency is a friend of the shops.And what if the price is a tendency both sides of the side away which is not bullish nor bearish?Do not trade the currency in which you can not know whether upward or downward tendency.If the currency was being pursued by the same tendency both sides wait to begin determining the direction of price movement up or down because the tendency Lateral means that the market is reluctant to raise or lower the value of the currency and demand equal to supply, and usually it is because Aistmr long quickly determine the market trend is the movement of currency.And even determines the market trend, wait or trading in the lateral inclination.The fourth baseRelied on the analysis of entry and exitAs we have said it is essential that they have come to the method of analysis has proven successful in the trading account is traded and before the actual.Is based on "intuition" in your decisions when buying and selling would not only lead to loss after loss, even if the truth of this intuition in some cases.Human nature imposes on stores to fall prey to the psychological effects before and during the entering into transactions.The most prominent psychological feelings facing the shops are: Fear of fear and greed Greed.And are far more enemies of the agreement of all stores!!Greed drives the shops to enter into a deal before it had studied the market before and rational analysis to prove the safety of the decision.It may be a successful trader in a deal, but it does not close the deal and get the profit from the greed for more profit, although the analysis is the need to alert you immediately close the deal then what is the result?The result is to become a loser that you are a winner. Thus, simply!The store pays the fear of entering into a deal despite the fact that all the evidence indicates that her analysis of the chart confirms the safety of the decision to enter.May enter stores in the deal after a long analysis, but what to enter until the price in the modern interpretation of adverse he fear the loss to increase to close the deal early on the loss, although the analysis does not refer to the need to get out then what is the result?The result is that the price back in the direction of profit, even if some shops patience thing to become a winner rather than to come out a loser without reason.This is what we mean when we say the need to rely on the analysis of entry and exit.This is because the psychological effects are the most demonized enemies of the stores at all and to make these feelings a basis for buying and selling decisions for you is a suicide in the field of speculation in financial markets in general and in the currency market in particular.What should I do?Adhered to the analysis when assure you technical analysis of the graph by knowing Mel Price and points of support and resistance and by following up the data indicators and compare yourself all of this on more than one time frame, if found that the currency will rise do purchase it and if found it will go down then sell them regardless of the "feelings" about it.Not run beyond the hope of profit opportunities, but Mark the opportunity come to you and let the analysis is to confirm that you do so.When you are inside in a deal and started indicators show you that the price started to walk towards the counter you go forth immediately, even if you "feel" that the price will return and go in the direction profitable for you, as this feeling often is the result of conflicting feelings of fear and greed, not beaten forms of awareness of the future! .In fact, the strict adherence to rule the previous question is not easy at all, we are humans and we have difficulty separating feelings of fear and greed during the course of the deal, so we say the need to practice for the maximum amount of time because practice is the only one capable of training shops that focus heard on what he says analysis and not what you say his own feelings.Rule VDo not trade in the circumstances and times are not appropriateChart analysis and follow-up exchange rates require a lot of time and intellectual effort and patience.If you were not fit physically, psychologically and intellectually for trading better to not trade on that day.Do not trade and you sick or in the case of psychological or intellectual abnormal, this may lead you to incorrect decisions and hasty.If you close the deal and losing is better to leave the trade for a few hours so you can restore calm psychological, intellectual, do not resort to the method "will not leave the trading day to redeem the lost!"That may bring you more loss!Because it may make you enter into transactions in hasty and impulsive.Loss in trading in the stock market is a fact inevitably, no matter how your abilities and experience.No one can be expected to believe all the time.And when you realize that the loss in trading is a natural imperative which is the price to be paid between now and then it helps you to accept this loss.Lost today? You can not quite compensate for this loss or the day after tomorrow Indeed, trading in currencies is full of opportunities and all we want is the opportunity to take advantage of just one.And do not forget that this applies to all areas of business as it applies to the stock exchange speculation, although his appearance in the stock market the most prominent and more visible than others.Yes .. You are not forced to deal in the open every day.If you were not fit for trading then it is better not to offer to trade until you find the appropriate time and circumstance.A final wordExtreme volatility of the price movement of currencies makes many market opportunities and very dangerous at the same time.The higher proportion of risk than the possibility of profit.And dealing with a very sensitive market as a market currency shops require a lot of effort intellectual, psychological and requires patience and discipline to the fullest extent possible.And rules to abide by the previous before entering into the field of trading and after the actual entry by you will be able to be a winner most of the time and this is a very all traders seeking to profit in the financial markets work