How to Play Forex for a Newbie

How to Play Forex for a Newbie

If seen from kegitannya how to play forex is easy, IE with just a click on the computer mouse we can perform forex transactions regardless of the amount. But it's the brain behind a trader always spinning thinking where further market direction. And the difficulty is when deciding to start a transaction. Sometimes doubts envelop our mind, even though we've seen a signal which means it's time to make deals, but due to doubts often we miss the moment, moment in which an opportunity to make money. So our hearts are sure to Transact, it turns out the price already move away or reverse direction.

Therefore practice to believe in our strategy and the way our analysis. To reach this stage believes we can do a test back. After seeing the test results back that we could trust with our strategy and analysis. Because we can see how accurate our strategy. Armed with this mental accuracy value we are getting increased.

Back to how to play forex your players to beginners, I assure the main forex is easy. There's nothing to fear, we all are the solution. Even when our predictions wrong we could minimize the risk management technique with losses.

Here's how to play forex in General:

1. Select the type of pairs that you are operating with for example EUR/USD, GBP/USD, USD/JPY or otherwise. Select which pair the most predictable understand his character. You can see the character pair on the other page this diwebsite.

2. Analyze graphs where the pair will move. Here we can use analysis, either fundamental analysis or technical analysis. For the novice trader should be on how to use technical analysis because of the way this analysis much easier. You don't need to understand both types of analysis at once. Ahold of them and be her master.

3. once the directions could have been predicted, the search signal to enter. The point is so that we can enter the market at the right point so that its advantages over a maximum of and potential disadvantages of being small.

4. once the signal comes up, immediately open position. If the direction of the signal up, open a BUY position. If the signal is down, open positions SELL. So now we have an open position that will bring results.

5. Further modifications to an open position. So as not to limit losses increased to large, place a stoploss on open positions. To secure the profit which has been obtained from the tidal direction reversal profit target.

6. close the open position. If after some time the price market has not yet hit the target profit or stoploss can we close it. But the reason must be:
– Because the position was profit, and predicted prices would not touch the target profit.
– Because the position being loss and is expected to touch the stop loss

With tertutupnya a position means ended a deal. next we can repeat it again from the beginning. Actually just the core how to play forex. However in practice as the main way of forex it is difficult because we are more focused on analysis. Most of the time we are more gushing on process analysis because it is the right way to play forex is always preceded by analysis. the analysis to determine:
1. Directions
2. The Entry point
3. Target profit
4. Stop loss

After the four were known, then continue transactions with berpatok on the value of the fourth. After that, just wait for the result only.

That's how fundamentally play forex, hopefully we can correct the way we play forex during this and start again with the correct way to play forex for future.