Heck, even price action is nothing new. You have to find something that meshes with your personality and then make it your own. You will know how to make it your own through trial and error. There are no magic tricks or shortcuts to this process.

The idea that financial markets are efficient is downright absurd in my opinion. Why do I have such an extreme view of Efficient Market Hypothesis?

Because people are irrational. We do so by using technical patterns, trend analysis, and candlestick formations. The study of mean reversion also goes hand-in-hand with the topic of market efficiency. If you can learn to identify a market that is overextended and perhaps at an inefficient price, you will be lightyears ahead of the competition.

This is the most important question you can ask yourself. It holds the key to why you make mistakes such as trading too frequently or risking too much. You have to love Forex trading if you intend to make consistent profits. There are a million ways to make money in this world, and trading just so happens to be one of the most difficult. The Forex trading tips you just read are a compilation of more than a decade of experience. They come from thousands of trades and tens of thousands of hours studying charts.

However, most of what you just read is universal. It can help every trader regardless of style or experience. Take a step back and analyze your performance.

Where can you improve? Do any of the tips above resonate with you? That and doing nothing if market conditions are slow. It means you need to have a passion for trading. If you enter this industry seeking money only, you are going to struggle. Trading is, in my opinion, the hardest way to make consistent money in this world. So, you have to love trading not just money to survive and eventually thrive.

Please leave your favorite trading tip or ask a question below. I always make it a point to respond. Save my name, email, and website in this browser for the next time I comment. what a fantastic read, confirmation of the daily thoughts i go through as a beginner, thanks for fast tracking my progress, i will be joining you and your team in exactly 12 Days time so the count down has begun for officially starting my trading carreer.

thanks again and talk soon. Thanks for the kind words. Very meaningful post as ever. Whenever you have the time, I would be interested to read your opinion about leverage effect, how to use it, in which case, etc.

I think a lot of us, especially beginners, tend to use too high leverage and most of the time it ends up being a disaster. Thanks in advance! Also, most trading platforms allow the user to adjust the max leverage. Try setting it as low as possible or even turn it off altogether if you can. Hey mate, thanks for these tips. They cut right to the bone. I am an absolute novice and only just started learning and reading. Keep up the good work Justin.

God Bless. N0 12 is my favourite. Thanks, Roy. This post was really made for me. Deep insights. Would surely keep these tips at the best part of my mind. Thanks so much for this Justin. Do what you love,and the rest will fall into place. LM10 and CR7 play football with passion and the accolades and money just fall into their place.

Great content!. the fact is you can be consistent on a small account but the journey will be tough as compared to risk and reward trading a big account with 2 :1 ratio. Thanks Justin for that tips. Its very helpful for me! I am beginer so I am suer that I will use it. Justin, thanks for this post. My trade has improved drastically putting your write-ups into practice. Thank you my friend Justin … It will be keep in my mind ….. Waiting for next tip and analyze from you …. I wish you always healthy and happy…… Say hello to ur family from me in Indonesia.

Justin, I think that the trader who have the discipline and mindset to respect these tips will see improvement in his account!!! Thank you that you highlight and remind about each one!! Justin, your wholly altruistic desire to help others is evident in this. God Bless! I am more enlightened and satisfied.. This post has done great work in me. I will make it a point that I keep revising this post. So great! Excellent sharing n really appreciate it, definitely i hv done most of the mistake mentioned.

Gave me an excellent idea to reevaluate my current situation to be a better trader. Hello i just came across to your web page i found it very helpful. Reading about pin bar. Is there other candlestick formation that you look for signal Thank You. This is first time i read a true experience. I have trading for almost 7years but not successful.

This tip gave some idea how to trade with constant profit. Ganesan Malaysia. Thank you, the best advice I have read in a single write-up in a long time. Your point 6 depends on the timeframe you trade, really. man i have suffered, light is here now.. thanks man. Forex trading is an abbreviation of foreign exchange trading that allows traders to trade in foreign currencies and gives a chance of making a profit. in this Blog you define the everything about Forex trading it is a very informative to others who think to invest in Forex trading.

What a fantastic information you give about Forex trading. Forex is one of the actively traded and popular markets which stays in every financial news. The other names of this market are FX trading or foreign exchange. Focus on the Process and the Profits Will Follow. Trying Harder Is the Worst Thing You Can Do. Always Let the Market Make the First Move. Find a Balance Between Too Much Risk and Too Little.

Double Check Yourself for a Trading Addiction. Learn to Read the Price Action, Not the News. Find a Trading Style That Fits Your Personality. Which Forex trading tips do you consider most important? What does tip 17 mean: Love the game, not the money? mustapha says perfect post justin thank you Reply. Pleased to hear you enjoyed it. vinesh naidoo says what a fantastic read, confirmation of the daily thoughts i go through as a beginner, thanks for fast tracking my progress, i will be joining you and your team in exactly 12 Days time so the count down has begun for officially starting my trading carreer.

Justin Bennett says Thanks for the kind words. Wayfarer says Super tips! Keep up this wonderful thing! Thank you! Glad you enjoyed it. Your work is great Justin. Helped me a lot here Reply. Justin Bennett says Thanks, Sam. Pleased to know you found the post helpful. Thomas says Hi Justin, Very meaningful post as ever. Luiz Roberto says Awesome article!

Bookmarked it, thanks Justin. I appreciate the bookmark. Mario Murzello says Hey mate, thanks for these tips. God Bless Reply. Always happy to help. Let me know if you have any questions. Eimantas says Nice to find everything in one place. Thank You, Justin. Thanks for stopping by. Bernard says Very informative thanks Justin Reply. Thanks for the feedback.

Roy says N0 12 is my favourite. Justin Bennett says Thanks, Roy. Elvis says Thanks Very enriching Reply. Raymond Opoku says This post was really made for me. Thanks so much for this Justin Reply. Justin Bennett says Anytime, Raymond. Sello says No. Lawrence says Great content!. the fact is you can be consistent on a small account but the journey will be tough as compared to risk and reward trading a big account with 2 :1 ratio Reply. Mondli says Excellent tips, very eye opening.

Many thanks, keep encouraging and educating… Reply. Justin Bennett says Nice to hear that, Mondli. Thanks for commenting. Michallo says Thanks Justin for that tips. Solomon says Justin, thanks for this post. Keep improving, one day at a time. Okosun Benson says I really was motivated by these tips. Thanks a lot Reply. Thanks for sharing. Hermansyah says Thank you my friend Justin … It will be keep in my mind …..

Cutting losses prevents you from losing all your trading account funds. You set a stop loss figure and when the market reaches this level your trade will automatically cut. Adjust cut loss depending on market conditions. When the market is volatile, stop-loss orders will be larger.

This volatility creates higher peaks and troughs, which helps to bring in high profits for smart traders. Smart traders are flexible in stopping losses according to market movements. You can save time and multiply your profits by trading in groups. This is a strategy that allows you to control the two dimensions of the market, including selecting a currency and placing it in the following two sections:.

The first step is to choose a currency to focus on. As soon as you do that, you create the control section and anchor part. The next step is to conduct research on the currency you have chosen. Then, based on your research, you will receive information about how the currency works against the currency associated with it.

You can trade both bearish and bullish trends at the same time when you break the currency pairs into baskets. For example, you analyze the Euro. You find out that the Euro is strong against the Yen and weak against the USD.

For example: some traders like to apply day trading and swing trading in the currency market. Huge mistake, I tell you. Too many strategies will confuse your mind and make you eventually lose potential profits.

Why you need to stick with these three strategies is because there are three types of market movement and each strategy will support trading each type of market. You need a strategy for day trading, another strategy for surfing or long term trading, and a pipeline trading strategy when the market is flat. Develop a reliable strategy for each market situation that makes it easy to trade in all market conditions.

You should trade with multiple time frames. This is because the active time frames are interconnected, each affecting each other. Candlestick patterns appearing in long-term transactions are shown more clearly through short-term transactions and vice versa. For example, when you want to enter an order on an hourly chart, you would start by analyzing the 4 hour chart or the higher time frame chart. The general rule is to continually have your replacement time frame at least four times bigger than your original time frame size.

Smaller time frames have an effect on larger time frames and vice versa. For my forex experience, I have been working with brokers and trading for 5 years. Hope that you'll enjoy my articles about all forex-related matters. FOREX BROKERS WITH THE BEST FOREX DEMO ACCOUNT IN ! CLICK TO SEE FULL LIST. Jan 26 WHO ARE THE SWAP FREE FOREX BROKERS? Jan 02 ALL TYPES OF FOREX BROKERS IN SEE FULL LIST NOW! Jan 12 WHO ARE THEY? Jan 03 THE 8 BEST FOREX BROKERS IN INDIA Dec 10 0 If you want to make a profit from forex trading, you need to be smart enough to take advantage of potential opportunities.

In case you're interested: 7 ways to trade forex for beginners 4 forex successful trading strategies Forex trading plan Know your type There are four different types of transactional personalities. You will fall into one of four categories: Scalping traders A scalper does very well in fast market trading and leaves it.

Focused traders These traders want to look at the market every day, the time it takes for a long order to capture a larger number of pips. News traders These traders trade only once or several times per month after major financial news such as quarterly reports or earnings.

Long term traders These traders enter and drop orders for very long runs. Learn to control risk You enter an order but always burn out your account before the market goes right for your analysis. Trading in groups You can save time and multiply your profits by trading in groups. Trade with multiple time frames You should trade with multiple time frames.

We do hope that these 5 forex trading tips can help you succeed more in forex trading. BRKV Apr 14 BRKV Mar 16 BRKV Dec 25 BRKV Dec 19 Load More. Brokers review. Best forex strategy.

Latest forex knowledge. Fanara Filippo Founder of BRKV Forex.

Forex Trading: The foreign exchange market forex, FX, or currency market is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging. Why hundreds of thousands of online investors and traders operating in the Forex market every day? and how you can make money with it? This two-part report gives essential tips on how to avoid common mistakes and start making more money in the Forex market.

All transactions are always done in currency pairs — Your success or failure as a trader depends on being knowledgeable about both currencies. Knowledge is Power — Before venturing to the forex market, you need to be sure to understand the basics of the market. The main factor taken into account for currency trading is the news and world events. For example, say an ECB statement is released on European interest rates which typically cause intense activity.

Most newcomers react violently to news like this and close their positions and then lose some of the best trading opportunities by waiting until the market calms down. Forex is the potential volatility. unambitious Trading — Many new traders place and adjust orders in order to take very small profits. We must be very cautious — Like the trader who tries to take small incremental profits all the time, the trader who places his very tight stop loss with a Forex broker is doomed. As we said before, you have to give your position a good opportunity to demonstrate their ability to produce.

If you do not place reasonable stop loss orders, you will always lose a small portion of your account on each trade. Independence — If you are new to the world of investing in Forex, decide to trade your own money or to have a broker. So far everything is going well. But the risk of losing increases exponentially if you miss either of these two things: Interfere with what your broker is doing as his strategy might require a longer period for profit ;.

Go to many sources for advice — multiple entries will result in multiple losses. Take a position, ride with it and then analyze the results — for himself, for himself. small margins — Margin trading is a huge advantage of Forex trading. Operate with leverage allows you to trade much larger amounts than the balance of your funds, which only serve margin.

However, it can be dangerous for beginners investors because it can cause greed. No strategy — The aim of making money is not a trading strategy. One strategy is the way to describe how you will do things. Following a strategy helps you operate successfully in Forex. Operate during peak hours — The best way to maximize profits for a retail investor is to operate during peak hours, but not out between and CET.

Peak times is when volumes reach their peak and there is greater volatility. That is all. But if you acknowledge and agree that everything that is happening at any time, is that the market is moving, you will be surprised how hard to blame someone else.

Operate the news — Most of the really big market moves occur around news time. Trading volume is high and the moves are significant, which means that there is no better time to trade than when news is published. This is when the big players adjust their positions and prices change as a result of currency flow. Exit a position — If the trade is not working for you, get out. Do not complicate the situation by staying with the hope of change.

If your position is winning, do not leave because he is bored or want to relieve stress; Get used to it. Not invest very short term — If you want to get at least 20 points profit, do not start trading. The spread of the currency pair you are trading will increase the odds against you. Do not be smart — The most successful traders I know they just keep their operations. They do not analyze all day, do not investigate the historical and the results are excellent trends.

Trade in the direction of the main trend and improve its results. Ignore technical analysis — Understanding whether the market is over-extended short-term or over is a key indicator of price action. The peaks occur in the market when it moves in one direction.

Emotional Trading — When most of us are upset, worried and emotional, do not tend to make the wisest decisions. Do not let your emotions take you. Confidence — Confidence comes from successful trading. If you lose money early in your trading career it is very difficult to recover the trading; You need to learn to negotiate before starting a trade. Remember, knowledge is power.

The second and final part of this report details clearly and precisely most essential tips on how to avoid the pitfalls and start making more money in the Forex market.

You take it like a man — It takes courage to accept your loss and wait for tomorrow to try again. Clinging to a bad position ruins many traders — permanently.

Try to remember that the market often behaves illogically or irrationally. A good business does not guarantee successful trading. Concentrating — Reflect on the potential benefits is not good. Focus on your s position s present s and place your stop loss at the time of the operation. Then sit back and enjoy — have no real control from now, the market will do what he wants to do. Do not trust demos — Demo Trading bad habits often cause novice operators. These bad habits, which can be very dangerous, occur because you are playing with virtual money.

Start trading with amount you can afford to lose. Adhering to the strategy — If you money thanks to the strategy, do not miss this strategy next time; stick to it and invest the proceeds in the next trade. Day trading — Merchants most successful days are very focused on what is happening in the short term, not what may happen over the next month.

If you are operating with 40 to 60 points stop, you focus on what is happening today, as the market will probably move too quickly to consider the long-term future. However, long-term trends are not important; although not always help you if you operate in the day. The key is in the details — You need to consider several important details; analyze their losses.

Generally, traders that make money without suffering significant daily losses have the best chance to maintain positive long-term performance. These trading systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results — historical results.

Successfully predict future trade scenarios is much more complex. Algorithmic high speed capabilities of these systems provide significant retrospective trading systems, but not to help you operate effectively in the future.

Knowing a currency cross — Each currency pair is unique and has a unique way of moving in the market. The forces that cause movement of the currency pair up and down are individual to each crossing, so study them and learn from their experience. Risk and Reward — If you stop poneun 20 points and a gain of 50 points, your chances of winning are probably about against.

In fact, it is more likely to be Use the possibilities that gives the market. Trading for the wrong reasons — not operate if you are bored, unsure or reacting on a whim. The reason that you are bored is probably because there is no trade to make first. Zen Trading — When you have taken a position in the markets, you should try to think like you would if you had not had one.

This is essential if you want to maintain clarity of mind and not succumb to emotional impulses. And therefore you increase the probability of incurring losses.

To achieve this, it is necessary to cultivate a calm and relaxed attitude. Determination — Once you have decided to start a trade, let it run its course. This means that if your stop loss is close to being fired, you should let fires. Otherwise, you are more likely to suffer worse moves against you. His determination to display when you acknowledge he was wrong. Moving Averages Cruces Short Term — This is one of the most dangerous scenarios for non professional traders. When the short term moving average crosses the long-term moving average, it only means that the average short-term price equals the average long-term price.

It is not bullish nor bearish indication one, so do not fall into the trap of believing it. Stochastic — Another dangerous situation. Its concept is based on the assumption that when the price increases this tends to be closer to the high point of the recent price range. Conversely, when the price declines this tends to be closer to the low point in the recent price range.

When the K and D lines in percentage of Stochastic indicator crossing 80 level, buy it! Band, when they cross the level of Quote currency cross — is all you should keep in mind when operating. The EURUSD seems to be trading higher, so you buy GBPUSD crossing because it does not seem to have moved yet. This is dangerous.

Focus on a cross at a time — if you would EURUSD looks good, just buy it. Wrong Broker — A lot of FOREX brokers use to make money at the expense of their clients. Read forums, blogs and chats to get an unbiased opinion before choosing your broker. Being overly optimistic about their bargaining can be fatal to your long-term success.

Tiền nạp tối thiểu thấp Đòn bẩy cao 1: vô cực Rút tiền siêu nhanh kể cả thứ 7 và chủ nhật Miễn phí qua đêm phí swap cho tiền điện tử và VÀNG rất ít sàn làm được Nhân viên hỗ trợ nhiệt tình, chuyên nghiệp Thủ tục đăng ký nhanh chóng, đơn giản. Skip to content Tue, Nov 22, Load More. There is only one best forex strategy that suits you. what a fantastic read, confirmation of the daily thoughts i go through as a beginner, thanks for fast tracking my progress, i will be joining you and your team in exactly 12 Days time so the count down has begun for officially starting my trading carreer.

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