To work on forex market has been a joy, not a burden and, accordingly, be profitable, you need a very serious approach to the selection of the best helper and friend all rolled into one, namely, foreign exchange dealer, who will perform, and listen to all your team , as a faithful dog.

Comparison is not chosen by chance, because your dealer is just and should be the most exemplary mannered faithful four-legged friend, just waiting on you and the team to action, to unconditionally execute it.

This is an ideal. However, the reality is, not as we would like. A faithful dog in the face of the dealer is more like a wild cat and domesticated, which is not listening to you for their loyalty and reward. That is exactly what happens in reality.

In Russia, the service brokers offer about 40 companies. So pick a partner for themselves is quite possible. To make it even easier, here are some criteria that can and should evaluate companies providing brokerage services.

If you are looking for dealers on the Internet (as such I think it will be 99%), in the first place, looking at company websites, try to find them on the impact of customers of this company. This is a very strong argument for choosing a dealing center, unless of course, this information is true (about the veracity of the witness will be a low percentage of customer profitability, if it is greater than 50%, then it is worth considering), it is quite possible that this is just a marketing ploy, but the reality is very exaggerated . If you are going to work in the halls of the company's workers, we first need to find out (after the address of course), how much it costs and how much is minimal when it is necessary to have on deposit.
Read the full article Choosing dealing center - the key to success in the Forex market!

Today I would like to talk about a very interesting and relevant subject. As seen from the title of the article, this issue - a violation of the trading plan.

Any experienced trader before starting work already has a plan ready to trade. He has made it even before it opens any transaction. Thus, it remains only to follow the plan drawn up and catch the profits on the forex market. But no, not that easy, otherwise there would be no point in writing this article.

Very often, even if the finished trading plan incident could happen, which would entail unplanned losses.

Here's an example from my practice.

Somehow, making a trading plan, I opened the transaction on the 2nd currency pairs: GBP / USD and EUR / JPY. As the British pound, I made the purchase, and to cross-sell rate. I also have a mandatory set stop-losses.

So, on the trading plan I had to take a pound of profit of 70 points. Position was correct, and now I'm watching "his" 70 points, but I decided not to close the deal and get another 10 points! Here it is at this moment, I broke my trading plan, for which he paid.

After 5 minutes, when I was only 3 points before closing the deal, the pound suddenly began to fall. Those who trade on this exchange, I understand. Pound - a "guy" is special. He does not obey anyone can do what he pleases. News does not have an impact on him - he will go against them.
Read full article Infringement trading plan - one of the main causes of failures, when trading in the Forex market

Forex - a good kind of investment. It has a high risk, but at the same time and very high profits. That is why this type of investment must be used cautiously.

First, forget about work all the money. Do not try to increase your money in the hundreds of times in just one week. All this is fraught with consequences that lead to complete loss of funds.

Secondly, always remember that even with the knowledge and experience your ratio of transactions in the market will be approximately 85 to 15. That is to say 85% of the profitable and unprofitable 15%. Loss-making transaction will be all the same, regardless of whether you are a professional or a beginner. On this depends only on your income and total income. Beginners will always lose, professionals - in most cases to win. And it will be up as long as the newcomers do not turn into a pro.

Third, the most sensible option would be trading risk in 10% of your deposit. In this approach, you will not lose your money even after several failures. And it is very important. Yes, profits will also not significant, but all of your risks are minimized, which can not but rejoice.

So if you have chosen as a form of investing, forex, urge caution when trading. The market may have significantly enriched, but also can take away from you all, that is!
Read the full article right way to invest in Forex

The loss of your deposit is a significant emotional shock to the trader. And no matter how many times the losses were. Hard to part with money and first and tenth. In any case, you'll be, provided with a depressed mood for long.

I do not deny the situation is one of the most unpleasant in the life of a trader. You begin to feel that you are not given to trade profitably, you criticize yourself for stupid mistakes (in 98% of cases the cause of senseless loss), and most importantly, you have the desire to get even!

And thirst for acting out so strong that it can completely subdue the mind speculator. He immediately loses the ability to realistically assess the market situation. As a result, the following made ​​a deposit , is just lost. It should be noted, after the loss of funds, the new replenishment trader made on the same day. And this is a very great mistake. So that this does not happen, follow my tips.

Having lost their money, stop trading immediately. And do not for one day, and at least a week. Of course, maybe choose a different time, but I still recommend you wait a week. Why this time?
Read the full article How to restore the emotional state after losing the deposit?

Trading in the forex market can be divided into two types. This is a long-term and intraday trading. At the same principles, methods, and even profit from these species is different. This article provides a detailed look at the long-term trade.

As you've probably already realized, it is trading in long periods of time. From several days to several years. Yet this trade is called positional. This is the second of its name.

I think this kind of trade more easy. But not in the sense of lightness, as such, but in the sense of your actions. You make a deal. Put a simple order for a profit, and an order limiting the losses. In this case, planning to earn a few hundred pips, maybe a thousand. That's all.

After 5-6 days, or weeks, maybe months, you go and see that triggered a warrant for a profit or limit losses. And you end up with either a large or a small loss of profit, depending on how the items you have set STOP-LOSS . Also, if long-term trading, you can close the deal in advance, unless of course you're happy with the profit that is.

That's all you do. That said, done and forgotten for a while. Very easy is not it? However, in reality not so simple. Before you make a deal and put a warrant for any number of pips, it is necessary to conduct a serious analysis of the situation on the market.
Read the article The long-term forex trading

The forex market is not standing still and moving every minute. Just because of the volatility and there is different kinds of surprises. What am I doing?

I'm talking about the strong market of uncontrolled movements, which can sometimes happen in the market. Their forecast is unrealistic. This course can be attributed, and currency intervention, but it is to predict possible, especially the Swiss franc. A little harder to predict intervention in the Japanese yen, although in this currency, it occurs most often.

Since this event may be anticipated, it can not be attributed to the out of control. Therefore, a foreign exchange intervention in this article, we will not speak. But on other points easily.

For example, have you seen such an event, when you trade according to plan, and suddenly there was an abrupt reversal of the market in the opposite direction? Or have you seen the price of just quickly, if the peak instantaneous rises or falls, and then comes back?

I am 100% sure that you've seen it all. And this price movement is not associated with the breaking of support and resistance levels. These sudden movements are random and have no risk if you follow the money management and'll be nervous. They are definitely the reason to call it is not possible because it may be too many options.
Read the full article How to respond to unexpected market movements?

Typically, there are credit risks in a situation where an open position in foreign currency trader for any reason will not be paid in accordance with contractual obligations.

As a rule, the threat of such a situation, the majority of transactions are conducted in the form of compulsory participation in the clearing center. In connection with the introduction of a "regime" of transactions, traders can be confident regarding the creditworthiness of their partners.

To date, the following types of risk insolvency:
1) The risks of substitution
2) Geographical risk
3) The risk of the country
The risks of substitution arise in situations where the fault of inconsistency and instability of the bank's clients find personal accounts are not properly balanced. Moreover, the restoration of the correctness of the account balance to make the bank by signing new deals.
Geographic risk, in most cases are the result of temporary differences between countries. Because of this, at different times of day foreign currency lending can take place at different prices.
The first credited Australian dollar, Japanese yen and then, later the European currency, and the last to be credited the U.S. dollar.
Country Risk is another kind of risk, in which the payment can not be obtained from the sides thereof, foreign currency transactions due to government interference arising due to the insolvency of financial institutions. Such excesses occur, usually in developing countries.
The risks of this kind can be minimized by ensuring the solvency of players such as foreign exchange markets "Forex".
Traders should be aware that the market value of the currency is always too high, to reduce the degree of risk should be assessed the actual value of the currency. Moreover, the real value can be found through a probabilistic analysis during the "existence" of open positions.
The above risks are certainly there, but at the present level of development of computers and technology, as a rule, they remain mere theory, rarely appearing in practice.

Now let's talk about intraday trading, which is in contrast to the long-term is very risky.

And as you can probably guess from the name, flows in a single day. In principle, it is not risk-taking is much less. In general, to predict the price movement in a narrow range of very difficult day. Under certain conditions, intra-day trading requires absolute discipline, calmness, quick response and speculator, of course, endless patience. Without these qualities there is a huge key to lower the risk of your entire deposit is in a very short period of time.
Herein lies the problem. You may know the trend in the long term, and that the price will be during the day, is more difficult, but it does not mean that it's impossible. Of course not. If this were the case, then nobody would have earned on intraday trading, only to lose. The key to success in the short-term trading is a reliable and effective trading technique designed specifically for intraday trading, which allows speculators to make correct decisions in a limited market space and time.

Short-term trading is considered rather difficult due to the fact that it can exert a strong influence of the news.

Therefore imperative to keep track of important news, especially in the U.S. session. After all, the news could have a significant impact on a good price.
Think about SWAP at this kind of trade is practically not necessary, because the position is rarely left open before the operation SWAP. Intraday trading requires much more attention from the trader. You can not, as in the long-term trade, open trade and walk away.
We must continually at regular intervals to observe the course of trade. So do not patient traders, this type of trade is more acceptable.
Prospects for intraday trading also provides a lot more. With proper experience, when you begin to consistently predict your earnings even with a small deposit which will eventually be (or at least should be) more than than the long-term trading. That this is due to the popularity of this type of trading among individual traders. C small size of investment capital, you can greatly increase your deposit in several times. The main thing is not to overdo it!

We summarize all of this type of trade:

Read full article Intraday trading in the Forex market