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How to succeed in the Forex market?

How to succeed in the Forex market?

In forex, investors never know about the maximum profit that can be made in negotiations. What you can do is set a limit gains or losses in order to guarantee a percentage of profit and thus avoid the loss of the investment made. Just as happens with the profits and losses in forex can be controlled with stop limits. Now binary options, the investor knows exactly what to lose and will win at the end of a transaction.

On the trading values: you can see that some brokers allow the transaction of small lots (1000 units of base currency). Now binary options, what happens is that each broker works and sets its own limit, ie they are responsible for setting the minimum and maximum in negotiations with customers. The minimum could reach $ 5 to a maximum of $ 5,000.

Binary Options: Earn Money

In the traditional financial market, there are several factors to which investors have to deal. Internet of low quality, unscrupulous brokers and acting in bad faith (to name a few) can affect the results of operations. Here at our FBO page, we list the best and most prestigious brokerage firms, and thus investors can make their negotiations without worrying about losing money. Some platforms offer up to 100 different financial assets to be chosen, ie, a truly unique opportunity to make money at any time.

Tips to make money in forex

1 - Use stop-losses appropriate to any time to limit your losses and never, ever feel yourself getting to see their losses to accumulate without doing anything, because in Forex, you can ... literally blow your account. Any trader, even the best, at some point makes the mistake of letting your losses follow hoping that the market will reverse in their favor, but that will only lead to more losses in most cases. You do not always win. You have no reason, the market is that it will. Many times you will win, others lose, but learn to limit these losses and go to the next transaction.

2 - Place the stop-loss at the appropriate price - but do not let them too tight or too far from the actual market price. Because with a stop-loss you are not to prevent yourself from a crash, it is to prevent yourself from a simple transaction with a purpose.

3 - Do not place your stops in obvious or round numbers. If you have a long position, long position, you must place the stop-loss below the round numbers. For example if you want the stop loss is 10, lose a point and place in 9.99 or 9.95. Or imagine that the EUR / USD is quoted at 1.3225 and you have a long position: place the stop-loss not 1.3200 but 1.3195 for example. Because? Because large traders may be only the stop-losses hunting.

4 - Do not put your stop loss above a moving average, place below the moving average if you have a long position. This again because there are traders, large traders, who hunt the positions these stop-losses left those areas. The same applies to resistance and support zones, the zones Fibonacci levels and trendlines. Play well with stop-losses;