Tips novice forex trader.

There are a number of essential tips and tricks for the novice Forex trader that will not only help to make a profit on currency trading, but do not give quickly lose their initial deposit. That "not to lose quickly," since your first deposit you will merge in any case, but the more the process will take longer, the more benefits it will bring to you.

forex tips will be of interest not only to the beginning trader, but also professional, because you can not know everything, it is the exchange of experience can achieve perfection in trading. And now for the specific recommendations:

1. Calm and measured in actions, this rule can be put on the first place, as it does not rush to take the right decision, you just do not have time to think about it. After the launch of the terminal is the first transaction to be opened no earlier than 15-30 minutes it is how much time it takes to something that would be a quick assessment of the situation on the market.

2. Do not sprayed - the first time to focus on a single instrument trading after you learn all the peculiarities of working with them can be tested and the other option, but to trade on multiple currency pairs can only znayuchi them perfectly. You can often find the novice trader, which is now trading at EURUSD, GBPJPY and tomorrow, as a result of any one instrument you will not get profit. Yes, there are multi-currency forex strategy, but they are not meant for beginners.

3. Work with the feet - in almost any book you will find recommendations for installing the stop loss, but for some reason, most of the newcomers drained deposits is due to ignoring this order.

4. Testing - all you invented ingenious strategies and ideas first tested in demo mode, and only then in the real market.

5. No part of - the number of transactions is not always a sign of big gains. Some dealing centers intentionally limit their number on record of 100-200 per day. Even when trading scalping strategies can earn decent opening only a few dozen trades.

6. The duration of transactions - losing positions should be closed almost immediately, and profitable held until the first signs of a reversal. If you learn to control the position, I believe that the success you just in your pocket.

7. Use the time - think logically and enter the market when the trend reaches full strength, and you'll be sure that this is not a correction. Usually about it is evidenced by such factors as the breakdown of the significant highs or lows, yield strong news, trade growth.

8. The trend trade and the correct determination of the direction of the trend - at the opening, you must first deals with the trend to determine exactly what the main trend. To do this, you just need to assess the trend in the movement of a larger timeframe.

9. Do not trust advisers - yes it is possible and there are programs that are profitable, but my personal experience shows the majority of councilors can only be used as a source of signals to open positions. But, in any case will not give them to trade on their own. For automated trading is more suitable forex mine, here in contrast to the author of the program, the managing trader runs the risk of his own money.

This list could go on for quite some time, but these tips novice forex traders are basic. Therefore, they should not be ignored in any case.

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