How to Make Easy Money in Forex?

I understand the reason why people always try to find the way of how to make money in forex. Basically, we all hope and wish to win as much & as quick as we can.

While thinking about how I was going to start this article, I believe I found an interesting way. I’ve searched all other blogs and forums, and found people who were complaining about losing money on forex trading. Then decided to dig into and find their wrong moves.

I realized, if you stop doing wrong moves there will be no reason to stop you from earning money in forex. And believe me; it is much easier to find the wrong tactics instead of searching for the right ones.

Basically, the point here is; “If you do not lose an important part of your money and always stay in the game, you will have a chance to win. Just don’t lose all of your money.”

So, here we go:

1- After You Start Trading, Decide a Withdrawal Target

If you deposited to your account amount of 1.000$ and start trading, do not expect for millions of dollars profit. Simple facts. Just decide on a target point. Doubling your account in 12 months? Okey. If you doubled the amount after 1 year, then withdraw your initial money. So you will have a chance to trade only with your profit. Oh, did you doubled this amount again? Just withdraw the same amount again.

If you never withdraw your money and wait until your money is finished, you will only have the adrenaline hormone while earning and losing, and that will be the only thing you had.

2- Use Technical and Fundamental Analysis Together

As I wrote many times before, I always prefer using both analysis techniques together. Because focusing on one technique is not giving me confidence. I don’t want to ignore fundamental analysis like monetary policy decisions or important economic data releases while doing technical analysis. So I think you should do the same.

3- Don’t Trust Every Forex Robot to Make Money

Many of you may think that forex robots always make you money. But I can say it’s not. Except for a few robots, many of them is the waste of time and your money. I wrote an article about forex trading robots before and in addition to that article I can say finding a profitable robot is almost impossible. Because people will not want to sell a robot that already makes money. So think twice before buying a forex trading robot.

4- Stay Away of the Crosses that You Are Not Familiar With

To be able to do successful trades, you must have information about the currencies that in a parity. Thus, you can make the right decisions before executing an order. For example, I recommend you to start trading with parities like EURUSD, GBPUSD or USDJPY because they are the top trading currencies in the world and you can follow last developments about them easier. Don’t trade parities like NOK/SEK, BRL/MXN etc. if you have a lack of information.

5- Don’t Trade Too Much Money in Forex

Be careful about overtrading. By buying more or selling more will not make you rich. Overtrading is a serious problem for some traders and you should avoid from this situation. Less but more confident trades always better than more but unsuccessful trades.

6- Always Use Take Profit and Stop/Loss Orders for Forex Trade

After you execute an order you must arrange your take profit and stop/loss orders. Stop/loss level will protect you from losing all of your money. I think using this orders is the very important factor that determinates your trading style.

7- Leverage Usage is Extremely Important. Use it Carefully

Your lot sizes will determine your risks, yes. But also your leverage ratio can affect that. So, using high leverage can be risky if you are new to forex trading. That’s why you have to pay attention to the leverage ratio before start trading.

8- Do not Try to Buy at the Lowest Point and Sell at the Highest

It is very difficult to do that anyway. If you chase this kind of situations you will probably lose your money. There is no lowest or highest level on forex. Prices can go anywhere depending on the market. So, be careful about that.

9- Get Professional Help

If you are inexperienced, don’t worry. Contact with your broker, get a forex education or do your research on the internet. Test yourself on a demo account without risking your money. After you got some experience you can start trading with real account any time you want.

Source

#forex #makemoneyfromforex https://www.badadeal.com/trading/forex/how-to-make-easy-money-in-forex/?feed_id=309

40 Hours To Twitter Mastery Video Course

Cash In With The 10th Largest Website On The Internet, Twitter... Tune In To The Global Conversation And Get Real-Time Access To Your Market You have heard of Twitter, many times no doubt! It is on the news, on television shows, celebrities and athletes are speaking to their fans on Twitter and new people are flooding on to the network every day. You will also find a number of businesses on Twitter. Using it to find hungry buyers and connect with their market in real time. The PERFECT sales vehicle in today's fast paced and impatient society. Regardless of what industry you may be in, the sooner you embrace Twitter, the sooner you will open your doors to new business and new money making opportunities. If you are still not convinced, consider some of these statistics: Twitter has over 150 Million registered users Twitter receives over 180 Million unique visitors a month Over 300,000 new users join Twitter every day Over 600 Million sear...

What to do if you can’t afford your pet any more

Reading Time: 4 mins What happens when you can’t afford your pet? Shelters have reportedly been receiving more and more unwanted animals as the cost of living crisis affects millions across the UK. As fuel and bill prices rise along with grocery costs, many people just can’t justify spending money on an animal as well. Jo Evans, who manages a shelter for the RSPCA near Exeter, told the BBC that people are struggling to pay for vet bills: “We are beginning to see people say they just can’t afford to own an animal so they have to rehome it,” said Evans, before noting that people should take the time to understand the cost involved before they take on a new pet. According to Pet Keen , an estimated 2.7 million animals a year in the UK are being taken in by shelters: mostly dogs and cats but also fish and small mammals, which is financially stretching the shelters. And with the cost of living crisis, the problems are piling up. PANDEMIC PETS In ...

The 5 Best Affiliate Marketing Niches to Watch Out For

Affiliate marketing is an excellent way to make extra money online. Yet with thousands of affiliate programs available, it can be challenging to know how to position your own business. Thankfully, there are some tried-and-tested niches that remain reliably popular. By choosing a highly-marketable topic, you can more easily create profitable affiliate content. In this article, we’ll introduce you to affiliate niches and give you some tips on choosing one. Then we’ll share the five best affiliate marketing niches. Let’s get to it! An Overview of Affiliate Marketing Niches When you choose an affiliate marketing niche, you’ll focus your promotional efforts on one particular category. This way, you can create highly-targeted content. For example, you may run a specialist blog, sharing your expertise. By using targeted marketing, you can aim your promotions towards people who already have an interest in your unique niche. This allows you to match expectations. Plus,...

Badadeal

Search This Blog