Are you a new forex trader
or maybe you have become a forex trader for long time but do not get
maximum results? If you are become the one who face such kind of
problems, you should learn again the basic techniques how to
play forex in order to increase your trading. Even though, it seems
truly easy in playing forex, but a forex trader
should know where he will aim the next market. Most of people think
that the hardest point is when they should start the transaction. They
usually hesitate whether they should start the transaction or not
although they have seen the signal to start. That is way they miss the
good moment for starting a transaction.
To solve your problems, here some basic techniques in
playing forex that might helpful for you in doing your transaction. The
first thing that you should do is choosing the pair that will be used.
You can select EUR/USD, GBP/USD, or USD/JPY. You should understand the
character of each pair and choose the easiest pair to be predicted. The
second thing is analyzing the moving of pair graphic. In analyzing the
graphic you should master technical analysis or fundamental analysis. As
a beginner, you do not need to master both of analysis in the same
time. It will be better to master one of them first.
After you can predict the aim, find a signal to enter. This is very
helpful for you in deciding the best point markets. After the signal is
appeared, you can open BUY position if the signal is increasing or open
SELL position if the signal decreasing. The next thing is you should
modify the opened-position. You can use stoploss to decrease the loss
and target profit to save your profit. To end the transaction, we can
close the opened-position. However, the closing should be done if there
are some reasons such as the position is in a profit but the price does
not hit the target profit or we are in a loss position and be predicted
to hit the stop loss.
