Friday, June 22, 2007

Tips To Make Profit Forex Trading

1. Use only 10%-20% from your Principal or Deposit to make order. example: If you have $10 principal, just use $1 - $2 to trade to save your position.

2. Select Pair with higher or lower position to trade. If your selected pair in higher position , you can make "SELL" order, or If pair in lower position you can make "BUY" order

3. You must Know High-low and Range from this Pair in Past month example: if you want to know Position for EUR/USD in Past month>> Just load Streamster >> Than Right Click in "CHART" >> Select "Instrument" ( EUR/USD), if EUR/USD Chart loaded, you can move chart left to See EUR/USD Position for Past 1 month.

4. Example Position pair EUR/USD for JULY 1-30 : High= 1.2850 , Low : 1.2480 Range = 370 Point for 1 month. if EUR/USD Position around 1.2850 you can make " SELL" Order, if Position around 1.2480 you can make "BUY" Order.

5. Its for "LONG PLAN" Order, May be your order can't get profit in few hour , but you can wait 1-2 or more days to get profit, If your order already profit, you can "CLOSE"

6. This is Basic Technical for Trading with "Long Term/Plan" but 80% accurate, More Save than Short Term Trading and You can get over 100 point for long term plan like this.

Its Very simple Teknik without Analisis, But this teknik will work very good if you make order

You can try and Practice with Virtual trading first until you can doing good trade

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