subject: A Top Secret Way To Make Serious Money on FOREX [print this page] $1.3 Trillion this is the amount of currency which is traded each day on the Forex.
The Forex trading is one of the most rapidly growing capital generating chances on the Planet, due to some very notable factors as for example a relatively small investment (approx. $300) and little enough knowledge of the trading world.
Some words from the history:
1. Forex began to function in the 70-s of the 20th century with the promotion of changing currencies and free rates of exchange. It's the market where the main currencies of the world are exchanged and traded according to few regulations. Each person can trade on this open market, but he can't manipulate the market alone due to huge number of players.
2. The Forex market is available 24 hours, from Sunday to Friday evening, thus trades always take place that makes Forex to be the most evolving market in the world.
3. The biggest transactions are about in lots of 100.000, the marginal type of trading give the possibility to traders to make the first input in about $250-500.
Pay attention to the few significant rules of making money on the Forex market:
* Purchase low, make sell at high. It's so simple and necessary, however many traders just forget about the main principle of the market mechanism of "bulls and bears". Sell your when the exchange rate is on the peak.
* Keep in mind decreasing the losses. There's no a person who can run a 100% system of profit. The only thing that traders have is the knowledge to stop the trade at the right moment. If you see the looses decide beforehand, when you'll stop and how much you'll afford to lose.
* Try to comprehend the situation with the country's currency you trade. The main influential factors on the rate of exchange are the politics and economy of this particular country. So, be open to the news and be ready to act by the definite situation everyone will do it.
* Choose a system with accordance of your style of life. It's the main tip for the whole traders on this market. It prompts you to decide how to set up stop/loss, how much you're going to afford and what orders to buy. Find a system and bring it to the actions.
* Stay focused on the bottom line. If you trade during the day time you'll realize that you will have wins and losses on the balance but if your system is fixed and you make plans in advance you'll be able to come out at the right time. By making the decisions well in advance what you can afford to lose in trading and when you need to grab your profits. That will make you the winner out of others.
* And the most MOST important thing is to constantly make the upgrade your knowledge and experience in Forex trading, before the next trade.
You just have to understand that trading is a regular business and it's impossible to create capital without experience and skills. Practice every day and then go and make serious profit.
