Forex Trading

Hey you! Yes you could be a successful forex trader, and I am gonna show you how you can successfully trade in more than 3 trillion dollars market successfully. There is very common thinking is found regarding forex trading that this is only a losing game but there many people that are making money out of this it is just the difference between the method or strategy that you apply and what they apply while trading forex. Forex is very profitable at the same time very risky as well for those who put money into market with greed to be a millionaire over the night and loose all of their capital and never look back to forex trading just because of one unpleasant event. You loose because you are not paying attention to money management, which is very important factor in forex trading or in any other trading. Your investment per trade must not be more that 2% of your total capital no matter how accurate your strategy is this will not only allow you to survive for longer period of time in the market and also save your from critical losses. Secondly you should look at support and resistance levels because sooner or later market reacts to these level very often this help you to enter and exit without getting involved into losing trades. Heiken ashi should also be in your tool box because this tool has ability to eliminate the noise of the market price fluctuations and give you simple and straight forward trend whether or down. Alternatively you can use renko or range bar in order to find the actual trend which will give you clear image of market direction. I hope you have enjoyed and learnt from the this article and will stick to it untill you become successful trader!!! Good luck mates.