Encrypting your link and protect the link from viruses, malware, thief, etc! Made your link safe to visit.

Benchmark Learning Intraday Forex Trading for Beginners



At the beginning of learning forex trading, most traders will be confused to determine how ideal initial capital? How many trading lots? Well, here are some benchmarks that can be used.


Intraday trading where trading positions are opened and closed on the same day is very popular among both beginner and experienced forex traders. But, at the beginning of learning forex trading, most traders will be confused to determine the benchmark sizes needed to execute buy and sell on the trading platform. What is the ideal starting capital? How many lots should you order? Well, here are some benchmarks that can be used to practice intraday forex trading for beginners:


1. Ideal minimum capital of 200-500 dollars

Many forex brokers offer opportunities for forex trading with super low capital, even just 1 dollar can be said. However, know that it is almost impossible to profit with such small capital.

If the change is the free capital of the bonus broker, it doesn't matter because it can be considered as a training account only. But if you have plunged into real trading, then small capital will be very inadequate. Some traders consider the minimum capital for profit is 1000 Dollars. It could be like that, but according to some sources, the threshold is actually around 200-500 Dollars. Of course if it is bigger than that then there will be wider trading opportunities that can be taken, but if it is still a beginner, it is not recommended to invest too much funds.


2. Trading 0.01 Lot

No matter how much your initial capital is at the beginning of learning intraday forex trading, one rule that should not be denied is: open each position with only 0.01 lots.

Tiny? indeed 0.01 lot is very small and will take a long time to reach high profit if it continues to trade with that size. However, remember that you are just learning, and the deposited capital is real money that you have previously collected with hard work. Do not rush to profit. Practice your patience by diving into the market using the lot 0.01 first.

This does not guarantee your trading account will not expire. But with this rule, your account will likely last longer and there will be more things to learn.


3. Follow the Specific Trading System

One of the biggest restrictions in trading is to open a careless trading position, based on a hunch, or just about. Therefore, no matter how simple your trading system is, what matters is first. With that, you can train discipline and see your ability to follow the rules of forex trading.


4. Don't Use Timeframes Too Small

Although many traders can profit by using a 5 or 10 minute timeframe, but this is actually not suitable for beginners because it moves very fast, so you might not realize why it suddenly got a loss. It would be more appropriate to practice trading on a slightly high timeframe, but not too high, precisely between 15 Minutes, 30 Minutes, or 1H.©


The three timeframes allow intraday trading, but traders can also monitor movements and market conditions more closely.


5. Don't trade too often

At the beginning of learning forex trading, because it was so excited, every time I wanted to open a position and take profits continuously. This is the passion that needs to be controlled. Hold your passion for trading, make sure you open and close your position to about 3-5 times a day. Suppose that volume is a target; if you have traded 3-5 times, it does not matter whether the total profit or loss results, it is time to close the laptop then go watch a movie in the cinema. 
Good luck!



tp
Diberdayakan oleh Blogger

What is meant by Forex price volatility

-
Get Link The Money Market (Forex) is a market that trades short-term instruments (usually less than one year) which are a means of investment and public fund raising. Money markets are often called primary liquidity markets. Because the funds traded are not done in certain places, this market can also be referred to as an abstract market. In the Money Market, because of its high liquidity, price fluctuations and volatility are usually higher than other financial asset markets. What exactly is volatility? What is the volatility of forex? And how does it affect the market if price volatility increases or weakens? This article will review more deeply about price volatility. What Is Volatility? Volatility is the amount of distance between the fluctuations / ups and downs of stock or foreign exchange prices. High volatility means that prices go up high quickly and then suddenly fall in quickly too, giving rise to a very large difference between the lowest price and the highest price at a ...
Gambar

What is Metatrader ?

-
Get Link Metatrader is one of the software applications used by traders to access the online forex broker system . With Metatrader, traders can trade forex easily, quickly, and equipped with sophisticated tools and facilities to conduct analysis. Almost all brokers in the world support their traders with the Metatrader trading application platform. Compared to other trading software, Metatrader has advantages because it provides facilities for traders to be able to add and create special scripts. (Custom indicators, robots / expert advisors) for their trading needs. No wonder we can find indicator scripts and trading robots easily on the internet. The metatrader application has many advantages, becoming a favorite trading device for traders and forex brokers around the world. However, the Metatrader application is not made by a particular forex broker, but by a company that develops special devices for forex trading, Metaquotes . Therefore, for example, when you are accustomed to t...
Gambar

3 Basic Forex Trading Techniques

-
Many forex traders are looking for effective strategies that can deliver them to financial freedom instantly. In fact, learning forex from stage to stage is something that absolutely must be done. Even experienced traders still have to continue learning so that they can always adjust to the changing market conditions. The strategy that runs smoothly today can suddenly result in massive loss next week, so adjustments are always needed. However, there are three basic forex trading techniques that are almost always constant. These three basic forex trading techniques need to be remembered by every trader. 1. "Trade with the Trend" For forex traders, the trend is the most familiar friend that if we try to fight it might be dangerous. Indeed there are forex trading techniques "against the trend", but generally in trading, it is easier to harvest profits if "trade with the trend". Roughly speaking, this means, if there is an uptrend, the trader shou...
Gambar