I'm here to help you learn forex currency trading with some of my favorite tips. I like this market because it has given me the power to work from the comfort of my home. There aren't too many industries that will give you that chance.
The first piece of advice I can give you is that you're not buying something to consume, when you trade. There isn't a bargain to be had, or cheap prices. Cheap prices are fine if you plan on buying something you're going to use. But you're buying something with the intention of selling later. In this case you need to be looking for exit prices (or your sell price). You make your money when you sell and you should be aware if your currency is going to go up or down before you buy it. Once you get a general idea what it will sell for, than you can go back and check out the buying price.
The next piece of advice is just to keep it simple. I know when I first started out that making money from home must be this difficult and complex work. It really isn't. The people that develop simple plans that are applied daily like routines are the ones that succeed. People that over complicate things are the ones that end up making mistakes, frustrating themselves and end up burning out. Keep it simple because that works.
Lastly, you're going to need to learn to deal with losses. You're going to have a bad trade. Everyone has bad trades, but the difference between the successful and the unsuccessful is how they deal with it. The successful trader is going to have a point where they're going to end the trade, no matter what. The unsuccessful trader is the one that hangs onto it, thinking it will go back up.
I hope this advice will help you learn foreign exchange market trading. I'm currently giving a 7 day free forex training course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.
Reuters - Corporate results and outlooks darkened on Monday, and automotive companies from Japan to Italy to Detroit said October sales were the weakest in about 20 years as economies weakened and consumer credit dried up.
Forex Trading Tool The Three Trendline Strategy
Online Investment Trading
