To become rich in forex

 ¿If you want to become rich at Forex? There is plenty of advice on the internet about how to make money in foreign currency, but not all are equally good advice. Here are some effective tips that can really get rich in a short time.

Forex provides a unique opportunity to gather a lot of money and become rich. It is perhaps not surprising, liquidity in the foreign exchange market, which no other financial markets can match, and is the largest financial market in the world.

Handle only major currency pairs

It is easier to act on the major currency pairs, for this is (to some extent) greater predictability. The most important currencies are the US dollar (USD), Japanese yen (JPY), the Euro (EUR), British pound (GBP) and Australian dollar (AUD), Swiss franc (CHF) and Canadian Dollars (CAD). The 5 major currency pairs (called in English "big") are GBP / USD, EUR / USD, AUD / USD, USD / JPY, USD / CHF and USD / CAD.

Freezing and forget the feelings

It is human to show emotions, but in the currency market can be crushed by being influenced by their emotions. You are more than an emotional, fortunately being. We humans are equipped with something called rationality, we can think and analyze what makes more sense to do to reach the goal: "What is the most rational to do now to make the most money while avoiding loss"? trading currencies on the basis of the signals is an example of rational action (such as buying currency based on a trend).

Implement a trading plan

always have a plan with the purchase of currency. You will not succeed in the pursuit of what they think is best for the occasion, whatever talent you have. It is necessary to develop a system that is personally can use. The simplest system, but perhaps one of the best, is as simple as following the developments in the foreign exchange market.

Expect to lose - but only slightly

Whoever is the currency most to lose money sometimes. No make money on every transaction. The key is, of course, to limit losses and win the most money. You should expect to lose, but when you see that the trade goes wrong, it does not mean that you should sit and watch the money fly out the window. No, then you must do everything possible to limit further losses, but do not panic every time you lose money. The losses can be expected, but the key is obviously to make money.

Avoid strategies that do not understand

Do not use a strategy that does not understand. The simple and what you understood, it is usually best. The simplest strategy is to follow the trends. If something is on the way, it is likely to continue in the same direction (for a while). This is known as trend trading and is not just a simple strategy, it is also very effective.

Planning an exit before

An exchange rate that has one input and one output. When you enter sell one currency and buy another, and this makes it even when you go out. Say you are a merchant USDEUR (dollars and euros). USD use to buy euros. When then sold again, then use the euro to buy dollars. Before selling what you have to estimate the values ​​that are willing to sell your euro (and then buy dollars at the time), if you stand to gain or lose if you are willing to act. The point is, before acting, set-top values ​​and lower values ​​for when to sell. higher value must be greater than what you bought, and the base value should be less, since +/- 15%.

Shopping for only what you can afford

Forex trading involves some risks, and even if the goal is to make money, you can not rule out that it will go in the opposite direction. Therefore, you should always use only money you can afford to lose. Food for thought: What's the worst that can happen? Risks should always have in mind, but of course it is possible to limit the loss by acting on the lower margins and utilize stop-loss has the most modern change agents have built.

You can get rich!

There is no doubt about it, you can become rich in forex market! Are you ready to make money on currency trading? Follow these tips and you will have better chances of success in currency markets by many who are active in the currency market. The foreign exchange market offers opportunities to get rich if you do allow a merciless that is careless, greedy, frightened or overconfident market.

Remember: It's only you that is the limit on how much you can earn in the Forex market!

on a single day - risks in forex trading, you can do everything in one day, or horrible losing be rich. The forex market itself offers no extreme risk, but forage opportunities for trade in the margin leader creates a risk.

No lining no reason to discourage real "normal" people to participate in currency trading. Currency trading is not very different from the technical result and stock trading is something that "everyone is doing."

Foreign exchange transactions is determined the risk itself.

You specify strong when you when currency trading will take large or small risk. Some of the risks, of course, is always, applies to all kinds of investments, although the purchase of housing is a risky project today.

The risk is a pothole go is greater on the stock market in foreign exchange. Remember that all the currency that is fairly stable financials. A currency is pegged one one or more countries, and should be wide betting that goes down (impact of a comet or an atom bomb that destroyed the country, perhaps?)

On the market there are significantly higher risks, especially in smaller companies. he, Suddenly one day recognize that the company goes bankrupt, and lost the money. In Norway daily feed cases of companies that go bankrupt. How often does it happen that a country goes bankrupt? be with well-developed economy Crafts and currencies of countries the microscopic probability of something has happened.

You are not 100% child in the bank safe place

Everyone thinks: "Forex without risky The bank is 100% safe.". The problem is that the bank is not so sure. Think about it, the money you have in the bank, everything is in the same currency. The vast majority of Norwegian kroner in the bank, but goes wrong with the crown will also affect your wealth. Moreover, it is bad for the economy that have money today on the bench. Low interest rates and inflation does lose the most money.

Consider the alternative. If you get a return on your money you need to make sense. Forex trading is one of several possibilities, but also the most effective way to make big money opportunity, we mean.

In order to live a risky project

Security is an illusion. Everything you do is associated with risks, it is only varies the degree of risk.

One important thing in life to learn, the judgment is constantly the risks related to the gain.

¿If they go to stop because it associated risks? The gain is a rapid transport, the risk is relatively small, but the downside is extreme: Always pay attention to what is the worst that can happen: accidents and death. In addition, a cost feed involved, driving is not free.

Forex trading involves the risk, makes everything in life. The reward is the opportunity to make money, and when a relatively large amount of money. Success with the currency is almost guaranteed abundance and wealth. The risk is losing money, but mainly to manage risk themselves. And to drive as opposed traffic it can never be violated FX trading from or die!

Limiting losses with Stop Loss

The increase in foreign exchange trading giant child. You can earn an unlimited amount of money. No Feed limit the amount you can earn.

The downside is limited by what has been invested, but not only that: you can continue to the loss of "Stop disaster" limit mentioned something. Feed a built-in most forex brokers, where the amount of damage, the function can accept. If you make a bad purchase, the value will be redeemed Bets lose more than you are willing to risk.

So you can invest a lot and a limit on the amount you put willing to lose by something as simple as you do a value for stoploss. This must be done for each transaction you make.

Being rich in currency trading

Gains and losses, is part of Forex trading. Sometimes money is made, and sometimes does not work. Losses child part of the game, and no one wins all the time. No prohibition roughage many who have enriched the currency trading. Those rich kid have significantly higher profits than losses.

¿Which better services for currency trading?

For currency trading a worth maintaining security is to be used. In the valutamegler.com site is a list of the best services for currency trading.

Some specific recommendations Forex Broker

Not favor certain services, but we have a very good experience with:

professional forex trading service: It is difficult to give a specific recommendation, but roughage few services for currency trading that can match eToro.

Foreign exchange trading and day trading. In intraday trading Easy-Forex trading is excellent. Here the currency is in good will to follow the trends.