Methods of limiting losses when trading forex - Singapore Forex Trading, Singapore Forex Academy, Singapore Forex Association

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Methods of limiting losses when trading forex

Forex market with daily trading volume averaging more than $ 4 trillion, creating the biggest financial market in the world. The vastness of the Forex market attracts a large number of investors, from those who only know about the financial markets to the experienced professionals. Because forex trading is easy, investors traded in 24/5 help leverage and less capital. But also can easily lose money when trading forex. Here are 10 ways that can help traders limit the possibility of losses when trading forex. 
1. Learn about Forex. 
There forex knowledge is essential to the success of the transaction. The majority of the study came from the real trading account on Live and practical experience, the trader needs to learn everything related to forex markets, including economic issues, politics and culture , affecting the currency that investors select transactions. Investors need to establish a trading plan: What currency transactions, transactions when and how much to risk, profit goals, .... 
2. Find a reputable exchanges. 
- Floors register license at the prestigious financial institutions. 
- There were longtime senior activities. 
- Research on the type of account, leveraged transactions, commissions, cost difference purchase / sale, initial deposits, policies load / withdrawal, promotions. 
- On-site support in the local language or not? 
3. Practice trading on a demo account before real trading. 
Demo Account allows investors to be able to practice as real transactions in the market without having to spend money on. It allows investors to adapt to the orders, engineering tools for software. 
4. Only use the technical analysis tool popular and fit your transactions, do not install or insert too much. 
5. Protect your trading account. 
When focusing too much on profit, investors need to learn to accept losses at predetermined levels.Stop Loss is always used as an efficient way to ensure that losses are kept at a reasonable level. 
Investors should consider the biggest loss may occur every day before all trading orders are closed and no new transaction command until to the next session. 
investors should have specific plans about when trading losses, are necessary to protect their money.Trailing Stops are also an effective tool to protect profits. 
6. Start with a small amount of capital when trading a live account. 
By starting with a small capital, investors can assess the trading plan as well as your emotions when trading. 
Kết quả hình ảnh cho 10. The method of limiting losses when trading forex
7. Appropriate use of leverage. 
Leverage can create huge profits but also can lead to large losses for some of your capital. Should consider selecting appropriate lever. 
8. Interested in transaction history. 
Retain transaction history including the time, tools, trade, profits, losses, ... very important for the success of the transaction. 
Investors should watch back for more experiences, new knowledge. 
If not keep historical transactions, the investor may not remember the important points or old mistakes again when trading, restricting opportunities to earn words and become a professional trader. 
9. Learn about tax policy. 
Investors need to understand the policy as well as tax rates applicable to each of its investments in transactions. 
10. View as business transactions. 
It is necessary to see forex trading as a business, and remember that the goal - losing individuals in terms not fix the problem, it is important that the implementation of such forex trading how in the longer period. For example, traders should try to restrict too much emotion for profits / losses, as a working day at the office. Like other businesses, forex trading also incurred costs, losses, risk, tax, ... Due to measurement, planning, setting realistic goals, organized and learn from successes and failure will have a long successful career of a forex trader.

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How to start Forex trading, investing at home and online ?

Step 1. Sign up e-money like Paypal, Neteller

Step 2. Choose a good forex broker to register your trading account suck as:

Step 3. Follow forex signals or learn forex trading

Step 4. Deposit e-money to your forex brokers

Step 5. Trading and investing with with knowledge, discipline, small risk.

Step 6. Take profit and withdraw your money via e-money.