Wednesday, April 23, 2008

Forex Trading Tutorial

What should you do before doing Forex trading.
1. Prepare your computer.
At Home: Find the most suitable location
Want to trade Forex in your home? First, you have to find the best place to put your computer and use good ergonomic desk and chair, you should be comfortable sitting on a chair. If you can, find a place away from public areas of your house, you can use a separate room or in your bedroom.

At Office: Check your office rules
If you want to trade Forex you should check your office rules, some companies do not allow their employees doing other work than their work, ask your IT Manager you can do Forex trade in your computer in working hours or only for lunch? 2005 - 2006 © Arisson Mercinova S.Kom.
2. Prepare your Internet connection.
Sustained access
Internet Trading Forex need a stable and fast Internet access, a dial-up Internet access is enough, but you better be faster access to the Internet, find the ISP that can provide quick and cheap access to the Internet. And the most important is that the Internet access is not interrupted or disconnected often.
Calculate your expense and your income
Calculate your internet access charges as in Forex trade may be necessary to see chart display hourly each day trying to get more income than his expense. Perhaps at the beginning of training time you get a small income than expenses.
3. Prepare you physical and mental.
You must have healthy body
In Online Forex trading you must have a healthy body suits, because once you have to trade until the end of the middle of the night because Forex Trading complete 24 hours daily rounding on each country trading time zone.
Ready to get loss 2005 - 2006 © Arisson Mercinova S.Kom.
The most important is your mental, as Forex Trading is not always profitable, once you will be losses, so prepare your mind and not anger and depression. Be safe play Forex, not to be greedy and want to get more profit in rapid time. Allocation little percentage of your deposit to get a little profit, after a few times, you get more profit.
Forex is not same as HYIP
If you usually play the HYIP before such as Autosurf, PTC, PTR, etc., so you must understand Forex Trading is not the same as a HYIP, if the HYIP you can get money allocated for the HYIP site and make a profit immediately, and then in Forex trade, you must manage your own money, you must practice more before becoming an expert in Forex Trading, learn a lot Forex Literature and many articles on the internet, even you should buy Forex books to expand your skills.
Not surrender easily
Maybe during training, you get lost, even in a large amount of loss, but please be patient is only temporary, and after learning of other Forex trader, you become an expert. So, always using virtual money before using real money.
4. Expand your environment
Use Marketiva chatting facility
There is a chatting facility on Marketiva Streamster Software, log in there and find you country, you will be help by other expert traders, don't be afraid, keep active and ask anything you want to know