레이블이 Forex Quotes and Charts인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Forex Quotes and Charts인 게시물을 표시합니다. 모든 게시물 표시

2013년 12월 3일 화요일

About 'real time forex'|Becoming a Full Time Forex Trader - Part 1







About 'real time forex'|Becoming a Full Time Forex Trader - Part 1








You               see               them               on               TV               almost               every               day,               people               saying               they               are               making               tons               of               money               trading               currencies               online.

Is               this               for               real?

It's               all               over               the               internet,               advertisements               for               the               holy               grail               that               will               help               you               turn               a               few               hundred               dollars               into               millions               in               less               than               a               year.

Let's               come               back               down               to               earth               for               a               moment.

If               all               of               these               people               were               really               making               that               much               money               do               you               think               they               would               tell               you               how               to               duplicate               it               for               a               few               dollars?

Just               like               any               profession,               trading               the               forex               takes               skill,               determination,               knowledge               and               experience.

Imagine               if               you               were               going               in               for               surgery               and               the               doctor               walked               in               and               said,               "I               saw               this               ad               yesterday,               paid               $200               for               this               cool               program               on               how               to               do               surgery,               and               look               at               me               now,               I               am               going               to               make               $3,000               taking               out               your               appendix."               How               many               surgeries               will               this               doctor               perform?

Right!

None.

Granted,               we               are               not               talking               about               a               life               or               death               situation,               but               the               concept               is               the               same.

One               small               mistake               could               have               dramatic               effects               on               your               future               financial               life.
               Trading               the               foreign               currency               market,               or               the               forex,               can               be               a               daunting               task               to               overcome               at               first.

You               need               to               learn               a               new               language,               understand               how               markets               move,               learn               risk               management               and               how               to               use               leverage.

Just               like               becoming               a               doctor               you               must               first               learn               the               basics.

Understand               what               is               a               pip,               and               what               are               spreads.

How               much               leverage               whether               you               want               and               do               you               want               to               trade               standard               lots,               mini               lots               or               micro               lots.

All               of               these               are               important               for               the               beginner               forex               trader.
               Here               are               a               few               tips               to               get               you               started:
               First,               get               a               general               understanding               of               what               the               forex               is.

How               does               it               work               and               when               can               you               trade?
               Second,               learn               what               currency               pairs               are               and               more               importantly               which               ones               are               the               majors.

These               are               the               most               liquid               or               most               commonly               traded               pairs.
               Third,               learn               what               pips               are               and               how               the               pip               spread               can               affect               your               ability               to               make               a               profit.
               Fourth,               learn               about               leverage.

Like               the               forex               trading               infomercials               claim,               a               small               movement               in               the               price               of               a               currency               pair               can               have               a               big               affect               on               your               bottom               line,               in               either               direction.
               Once               you               get               your               feet               wet               with               the               basics               you               can               open               a               demo               trading               account               at               many               of               the               forex               brokers               on               the               internet.

Take               your               time               choosing               a               broker               you               are               comfortable               with.

They               all               have               different               currency               leverages               available               and               different               spreads.

Many               have               their               own               trading               platforms.

Remember,               this               is               a               demo               or               practice               account               so               try               as               many               as               you               need               before               putting               any               real               money               at               risk.






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