Learn to Trade Forex
Learn to Trade Forex
Learn to Trade Forex : 정보이용료 현금화 If you are reading this article and I am assuming that you want to learn to trade Forex and be profitable. You have heard a lot of buzz about this Forex trading strategy called “Forex Scalping.” This is a currency strategy that is very similar to day trading in the stock market. You are looking for small pip gains on a currency and take your profits quickly.
I don’t know about you, but I am not sure that I can survive from one day to the next with any kind of scalping approach. But there is a way you may be able to profit from this approach.
First, we will talk about trading on the foreign exchange. Remember we talked about trading in hurry and a lot at provided you with the info you need. You will need to know about the currency pairs and what they mean. You can learn them right in our Forex trading tutorial, but I will also provide you with the information you need to become a pro with this trading strategy.
There are seven major types of currency pairs. They are the U.S. Dollar vs. Japanese Yen, Euro vs. U.S Dollar, US Dollar vs. British Pound, US Dollar vs. Swiss Franc, US Dollar vs. Canadian Dollar, US Dollar vs. Australian Dollar, US Dollar vs. New Zealand Dollar, and US Dollar vs.iness currency.
These currency pairs can change hands fairly quickly. You need to figure out which currency makes more sense for scalping. If you don’t believe in scalping, you may want to try all the other currency pairs. I will complain about not success at how to trade, so you will never see me as a scalper.
Some people are just against buying the Yen. If you believe the bad news that the Japanese Yen is poor vs. the U.S. dollar and the Swiss Franc is fantastic, then you will want to make money with them.
I have dealt with people that prefer them all and it is very volatile versus the more stable dollar currency pairs.
I am sure you find this strange as the U.S. Dollar and the Japanese Yen have strong differences, but I am in the minority as far as the piece of mind I have on volatile currency pairs.
What a lot of people don’t realize is that you have to decide which way you want to be a trader. Are you a full-time trader with many hours in a day? Or are you going to be a scalper that is in and out of a trade within one to two hours. In fact, I could go and sleep for two hours and I wake up and I have traded a full day and made a profit. How much time would it take you to get in and out? More time than you might like to spare, I am told.
A scalper should be sure to never lose more than 5% on their account while trying to make 5 to 15 pips a day on each trade. Now some people can make quite a bit more than that on a consistent basis. And I can proof it, but it is not in my time sheet at the moment.
A professional scalper only takes about fifteen minutes a day to analyze the market and select a winning trade. If you’re more conservative and want your trades to have a higher percentage of success, then you want to be a scalper.
Go in believing that you can make as much as one hundred to two hundred pips on a trade on any currency pair any given day. Stick to these goals, and make some money. You can find out how to trade Forex if you follow these principles.