How to success forex trading

Here we summarize the successful tips forex traders, and who also have undergone professional trader (trading for Living).

1. Create a plan and description of trading well. So you have to know when:
a. Open positions
b. How many digits Stop Loss & Take Profit is 'ideal'
c. Have a financial management strategy (money management). This is related to how long you are trading in a month, how do you account resistance level against the risk of loss, when the attraction of funds, when adding funds, and allocation of income to savings, investment and consumption.

2. Make the trend as your friend (Trend Follower). Do not fight the market trend
(although not including the rules). If prices are rising, you can install Buy position and vice versa if the price is down then you can install Sell position. Most people often take the opposite (counter trend) and often wrong - though there is also often true.

3. Keep well & carefully your capital. Do not allow your capital to $ 0.0. If that loss, try to keep 10-50% of your capital, so that when the time comes to add funds or Injeck, or the dollar amount paid is not too big.
If in two or three trades already spend 30-40% of the capital due to loss, stop for a moment. Hold yourself to open new positions. Do not obey yourself to "get even" or "want return on investment." Try to calm your mind and your head. Arrange your trading system back in the Demo Account.Coba return trade on a demo account for 1-3 weeks.
If already established, please go back to Real Account.

4. Knowing when to dispose of "toxic". The term toxin is a Buy or Sell which has been opened which has a floating (floating position / not closed) a negative or minus a sizable position. Say if Buy GBP / USD you have -150 points in a span of 2 hours, is it still worth keeping. Or if the position of AUD / USD is minus -100 within 20 minutes, if still loved-baby??!

Ah, would not the price back again. Well, if the price is not back and forth, we become "poisoned" himself, both mind and body. We can be physically ill to think of a position that has not closed that reached 200 points for example. Just remember, for the money now rather difficult to yah. Kalo is not productive within 2-3 hours, well to be amputated / Cut Loss. Cut, remove the already bloated and unproductive. What else would make the position of stay, more than one day with more expected profit well and also get a premium interest rate, put obligatory Stop Loss. Our advice, if you want to continue the next day, put the Stop Loss 200 points from the point of your open positions. Just use Trailing Stop facilities if provided by the trading platform.
Stop Loss Plan you as early as possible. These days, the price movement to the Euro & Pound reach 200-400 points per day. Determine the ideal Initial Capital & Stop Loss you with a situation like that.

5. Do not be emotional. If you've reached your daily or monthly targets, get out of the market. Do not be greedy.bAvoid the fear. Now it is linked with tips no.6, be informed. If you already know how far prices can move with technical indicators and fundamentals, do not look for the disease. Do not hesitate to put a Stop Loss or Trailing Stop to limit losses.

6. Be smart and informed. Not intended to support one private TV, but be a smart trader. Smart here is no basis why should buy and why must Sell. That means you must research the market as a Fundamental and Technical. Open daily news or Belajarforex.com Forexfactory.com. Adjust date & time to time in which you reside.

7. Immediately write your trading on a trading journal. Make a note Profit / Loss of your daily. Note also the causes, why and why the profit and loss. My Trading Diary .....

8. When prices move sideways or a little, do not enter the market. The point is if your own conscience in doubt, what about your forex trading. URLs have your Forex account as a car that takes you to profit / benefit.

* Not applicable for those who are specializing in the market sideways!

9. Do not be too much or excessive trading. In one day, for you are a scalper for a maximum of 10 times the position. For your Daytrader maximum of 2 positions and even fewer Swing Trader. Remember, technical analysis & fundamental condition Forex frequent change from time to time.

10. Never Give Up. Do not give up .. never give up. Loss of Demo $ 5000 within 1 month, try again with a $ 1000. Loss, came back with $ 3000, ff. Find a suitable trading system for yourself. Only one goal: Profit & Consistent.

good luck!!