Practical secrets of trading

The main secrets of Forex trading are to reduce trading risks and use the most effective methods of money management.

Thanks to their use, the level of profit received significantly increases and the risk of complete loss of the entire deposit amount is reduced.

Trading secrets are equally effective both when trading on Forex and when used on other financial markets; they can be divided into two main groups.

The first includes recommendations regarding money management, and the second contains advice directly on the implementation of trading itself.

After reading this article, you are unlikely to find the grail, but you are guaranteed to be able to reduce the current level of unprofitable trades and increase the profitability of successfully opened positions.

Money management secrets for trading

Money management directly affects trading performance, as it allows you to significantly reduce non-trading risks.

• In order to avoid a complete drain of the entire deposit amount, try not to store excess money in the trading terminal account. No one is immune from mistakes and failures, and it is quite difficult to prove that you are right afterward.

Interest accrued on available funds is unlikely to cover your losses, so always withdraw your profits.

• Immediately deposit money into your account in the currency in which you intend to trade; usually the exchange rate within brokerage companies is less favorable than at exchange offices.

• Changing the account type - if you traded on a cent account, and then gradually increased your deposit, it is better to switch to standard or VIP accounts, as practice shows, a standard account always has more favorable trading conditions, and compared to VIP accounts it does not have any sense.

• Try to work only with dealing centers that provide deposit insurance services; there are not many of them, but those who look for will always find.

Basic secrets of trading and their practical application

• Use the principle - the shorter the timeframe, the greater the applied leverage can be, respectively, the volume of transactions, and therefore the profit received.

On the contrary, on longer time frames you should trade with less leverage as a correction will lead to large losses.

• Trade currency pairs depending on trading sessions, usually the strongest trend is observed during that trading session in the time zone in which the country of issue of the currency is located.

This approach allows you to more effectively use fundamental analysis and strategies based on it.

• Learn to distinguish a pullback from the main trend, this will give you the opportunity to make more profits and avoid losses.

For these purposes, use price channels and analyze adjacent time frames.

• Do not trade against the trend - a truism that every trader should know, but here it should be added - against the trend on your timeframe.

True, this secret does not apply to trading using pending orders; there are many tactics built with the expectation of a trend reversal.

• The gap always closes - a rule that almost always works, so it is advisable to take this point into account when opening new transactions after the gap.

• Flat – always gives way to a breakdown, which provides an excellent opportunity to make money on pending orders, this Forex secret is known to many, do not miss your chance.

The easiest way to make money is to use a simple strategy - http://time-forex.com/strategy/strategiya-proboj

Each trader has his own secrets of Forex trading, they appear if you do not forget to analyze the history of transactions and draw the right conclusions based on the data received.

At the same time, we must not forget about the most important secret - you cannot make money on the stock exchange without putting in effort, without spending time on study and practice.

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