If you want to learn about forex trading, you must read this articles very closely, because today I will give forex tips for beginners! 🙂 to be honest trading forex looks easy at first time, but after a while using real money, then you’ll know for sure the different I.e not so easy 🙂 but of course there’s a way to make the trade more easy even for beginner! the reason why most new trader fails, simple because they want the rush and make money as soon as possible! in forex, you can’t act like that, forex mean fast money equal with fast loss! that’s why I am not recommend you to use forex as fast money, but if you treat forex like investment i.e long term , then I have good feeling that you could make decent profit 😉 below are a few tips for new trader so you can make decent profit
- Tips number 1, Learn your industry! it could be anything that related with forex e.g Forex Term, Forex Analysis, Forex risk management and money management, learn the basic could help you to understand you business very well, and that will make your forex investment will become more profitable! For detail forex tutorial please visit this Blog (FOREXABIZ) and to learn about Forex Term visit this site (Investopedia)
- Tips number 2, Practice make perfect! 😉 when i jump on this forex bandwagon! for some reason,I have feeling this will not gonna be easy, just like another business! and also I know nothing about forex, so if I trade with real money at first, I must be fool right ? unless my father is Warren Buffet, so losing 1 or 5k is not big deal, but problems is, warren is not my father 😛 lol, try demo account first! (Thank me later)
- Tips no 3, equip yourself with knowledge! this tips looks nothing! but if you realize in forex industry, knowledge, information, tips or what so ever! can change your destiny 😉 seriously! but my point is, someday or at some point you’ll realize there’s always be a way to every problems! in other words, if we have great knowledge we can make decent profit!
- Tips number 4, Don’t be greedy! Forex investment is a high risk Investment! it means, shit happen! but if we trade small and be patient! to wait the right time to make profit! I am pretty sure your investment will last for long! but I have to admit waiting in forex industry is a high price! the reason because almost every trader want to make fast money with forex! but problems is, market movement is unpredictable! so, if we not carefully , our investment could loss!
- Tips no,5! be creative! it sound klise! but in every business, the most successful people, usually they try different methods, because they knows, for some reason old methods are not effective! make experiment , try and find your own methods! but it should be from previous, your jobs, only make a little modification to adjust with your self! sometime every people have different spec! so if you can modify the old methods and make yourself more comfortable, there’s a chance that your method are more far profitable!
Just to remind you! Forex investment is a high risk! learn, practice,patient, knowledge and creativity! are the things that could save your investment form great loss! in nutshell there’s no easy business! but if we can! meanwhile nobody can’t, then the reward could be big as a mountain!