9:58 AM
Forex Bond
So, you're a beginner in forex trading and you need a simple way to earn a profit at first. Or perhaps you are an experienced operator, who has just had a hard time making a profit? There is a simple sequence of steps.
1) Use a proven system. It seems obvious, but you must use a proven system, or nothing else matters. How do you get a proven system?
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The systems can be found on the forums. You can find them for sale. In general, you want to stay away from the highly commerciallooking websites. They often work with people who do not even trade. The system must be demonstrated.
2) Avoid systems that "almost" trading times. These are problematic. It is a known factor that the market stumbled upon the shortest period of time (less than 1 hour bars / candles) is. Your bar every day is more stable. The trends are much clearer there (so are the turnaround).
Honestly, why not make it easy on yourself? And 'the lure of fast, simple and compoundMoney for very fast graphics. This is an illusion. Ignore the phantom power and go after what is real. Stick with the slower time frame.
Does it seem as if I were to insist on this point too? It 'really that important. Ignore it and just financial risk.
3) trading down. Find a broker that offers a lot of micro. Most do not there is advertising, you need to write them and ask. Microsystems are many dimensions to $ 1000 instead of the $ 10,000 mini lot size.
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