Choosing your Trading Style

Before you get involved in actively trading the forex market, take a step back and think about how you want to aproach the market. There is more to currency trading than meets the eye, and we think the trading style you choose is one of the most important determinants of overall trading success.

Finding the Right Trading Style for You

The forex market’s trading characteristics have something to offer every trading style (long-term, medium-term, or shortterm) and approach (technical, fundamental, or a blend). So in terms of deciding what style or approach is best suited to currencies, the starting point is not the forex market itself, but your own individual circumstances and way of thinking.

Give some serious thought to what resources you have available to support your trading. As with any business there are two things that are never enough: money and time.

If you are a full time trader you will have enough time to analyze the market. But because currencies trade around the clock you should decide which session will you trade. Just because the market is always open that doesn´t mean is a good time to trade.

If you have a full time job your boss will not appreciate you take time to analyze the market and charts. You will need to do that in your free time. Be realistic you should also consider family time and circumstances.

When it comes to money, we can’t stress enough that trading capital has to be risk capital and that you should never risk any money that you can’t afford to lose. The standard definition
of risk capital is money that, if lost, will not materially affect your standard of living.

When you determine how much risk capital you have available for trading, you’ll have a better idea of what size account you can trade and what position size you can handle. Most online trading platforms typically offer generous leverage ratios that allow you to control a larger position with less required margin. But just because they offer high leverage doesn’t mean you have to fully utilize it.

The key here is to use all the help you need to manage money and time. When you don´t have enough time is a good idea to use the help of experts that will analyze the market and charts for you. Antoher great idea is to automated your account with Forexmegatrion or Fx-megaforex. Just remember the key in here is to increase your Forex account without overworking.

Forex Systems

For a long time, after I started working in Forex, I lost money. I was tired and I need some help. I start searching the Internet and found, some tools that made my journey through Forex a lot more pleasant.

That´s why I will give you some tips to work in Forex, so you will start making money now.

• Forex Signals: If you like to trade manually your Forex account, you really need to hear what the experts are saying about the market. The Forex signals are not 100% accurate, but they will give you a good chance to trade the right way. In my experience I will tell you that of 10 signals I received 8 are correct, so that´s really a good chance. So if you want to try it out without investing any money, you must go to: http://www.fx-megaforex.com/, and subscribe to 7 days of Free Forex Signals.


• Robot Trading System: This system is great for those people who are new to Forex or they wish to work less and gain more. The robots works with Mt4, and are great to let them work. You just install it and that´s it you just wait and see the results. I use Forexmegatrion, this robot works great with EUR/GBP, and take minimun risks. If you need more information go to: http://www.forexmegatrion.com/.


• Automated accounts: This kind of accounts are great for people who want to invest in Forex, but don´t want to spend the day watching the markets or using a robot. In here Megaforex expert advisors take the account and they executed automatically the forex signals. You may subscribe to that service just for $50.00 (one time payment), but at the end of the month you must pay 50% of your profits for using this system. For more information go to: http://www.fx-megaforex.com/.


• By Yourself: If you really want to do it by yourself you really should do your homework and start learning about Forex. You may do that by taking courses and reading all the information that you find in the Internet. Always start by using a demo account before you start investing real money. If you will like a great course for beginners, you must go to: http://www.fx-megaforex.com/.

I really recommend you use at least 2 systems, because that way you can reduce your risk 50%. For example: you have $500.00, its better to open 2 accounts of $250.00 that one for $500.00. That way you reduce your risk and your chances of winning are higher. Remember Forex is a highly risky market and you need to always keep an eye on your account, positions and never trade more that what you are willing to loose. Good Luck!