Forex: 15 Tips to not make mistakes in the foreign

Forex: 15 Tips to not make mistakes in the foreign

1 - Short-term averages actions are more sensitive to the action and price movement, while the average covering more periods will be less sensitive. In certain markets may be more advantageous to use short-term average, but other long-term average prove to be more useful;

2 - When a closing price is above a moving average, a buy signal is generated. A sell signal is given when the price moves below the moving average;

3 - A buy signal in a combination of two moving averages (50 and 200 days, for example) is executed when the moving average in periods of high which has more periods. A sell signal is generated by inverse means, that is, when the moving average during periods of high crosses the moving average with less periods;

4 - In the short term generate more false signals in Forex than the long run. It is essential to find a moving average that does not negotiate lateralization and just the ups and downs of the market;

5 - Do not just build systems based on moving averages, as this type of system can reach its limit margin easily;

6 - Eliminate the losses is very difficult for any trader. The ease with which a trader can admit losses in Forex is a result of his experience;

7 - Long-term charts provide important information about economic cycles and thus the cycles of each pair Forex;

8 - If you do not agree with certain information that appears in the accounts of your broker, claim a maximum of 24 hours, because after all the work with computer systems, there may be many failures and can happen to everyone. For example, they can be charged to our account values already negotiated;

9 - Always in hand financial calendars, always aware of the events that are taking place. It is updated and in tune with the markets;

10 - Do not think to trade Forex need to have four or five monitors in his office. It is true that need space, but do not need much to manage their accounts.

11 - Have mobility. Instead of many monitors, just get a large monitor and a laptop, preferably a netbook. Then follow all Forex quotes without problems;

12 - If you go on vacation, close all your positions. Do not think that stop- losses and limit orders that have left to save his life because of its banking platform may perhaps have problems. It happens to everyone. Yes, I think it happens to everyone and traveling rested with their closed positions and without any open orders;

13 - Read a lot of books. Read books of those who experienced the markets and could generate their return. Living a rich reading of financial assets;

14 - Negotiate only pairs of most liquid currencies;

15 - Avoid if you do not think. This time you have the basic knowledge about the Forex, but do not realize the great background indicators and how they are calculated. Try to create something your negotiate something yours. In fact, there are systems that are sold, but you have to distinguish the wheat from the chaff.