ForexStars - ForexStars.com

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Tips for beginning traders:
Factor of safety and limit of risks
Your deposit must withstand a certain (planned) drawdown. Use money-management when opening positions and stop-orders. When the price is moving against you, it is better if you know that you can resist such movement.

 

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Tips for traders:
Limit information
Read only important information. Ignore analytics and “guru” – you have your own brains. There is always much information but a novice trader always has to choose only reliable and important sources of information. There is an abyss between talking about market and a real opening of a position. You must be a practicing trader.
We don’t advise using complex trading systems. Ideal TS must be easy for explanation to another trader within 3-5 minutes. Genius is simplicity.

 

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Weekly Tenner which is held only once a week starts in 60 minutes! The Prize Funds is already $110! The registration has started! http://forexstars.com/Tournaments/Tournament?id=101584

 

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New video of Forexstars - http://www.youtube.com/channel/UCgd93qGnG4VmQRk8XKYYGTA?feature=watch

 

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Fix your success and loss
Only the one who does nothing, never makes mistakes. Starting your way of Forex trader you will make mistakes and negative orders anyway. To avoid these mistakes in future you should keep a diary of your transactions where all your mistakes and victories will be recorded. You also can write your observations about market and yourself. Believe, such diary will be as useful as any other training literature.
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Weekly Tenner which is held only once a week starts 2013-12-12 12:00 UTC! The registration has started! http://forexstars.com/Tournaments/Tournament?id=101643

 

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Tips for traders beginners:
Measure twice, cut once
As a novice Forex trader you must accustom yourself to planning your transactions. Planning your trades will make you used to self-discipline and will protect you from emotional transactions which, as a rule, bring only losses.

 

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Tips for traders beginners:
Do not worry that you can look ******. Whenever you worry that you can contradict your earlier opinion, consider this concern as an additional argument in favor of changing your relation to the market.

 

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An interesting fact about forex:
The most popular currency for Forex trading is the U.S. dollar (USD), euro (EUR), yen (JPY), Swiss Franc (CHF), and Australian (AUD) and Canadian dollars (CAD). Another fact about Forex: the most popular currency pairs are considered USDEUR, USDJPY, and USDCHF. The most active trading participants are considered the United States, Japan and Great Britain.

 

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One of the biggest losses is loss of time.
© Georges Louis Leclerc de Biffon.