Saturday, January 10, 2009

WHAT YOU SHOULD AVOID TO DO

Do not withdraw broker's attention with suspicious activities whether intentionally or not. I have listed some activities which commonly made any difficulties for who do it with various extent. Usually such activities lies on 'grey area', i.e. little touch with their restriction in terms of services (TOS).
Here my list (you always can add other activities to the list for yourself) :
  1. Do not submit two different account (for example, your account and your brother's account) with one computer/IP address. Although some brokers allow this submission but under strict review from time to time.
  2. Do not made any twin transaction. If you open an account at the same time with your friend at the same city in the same broker, often you will contact your friend and made a same transaction with your friend with near same time and same lots number. Too many similarities in transaction only trigger their attention and give them a reason to cancel your transaction.
  3. Do not made too many transactions with too many profits in too short time. Usually more than 200% profit made in less than 24hours will be identified as a system failure, out of the market or such things that in turn your transaction will be canceled. If the company is not a scam, your money still safe there, but without any profit you have been created and you should start the trading from zero profit again. Be wise, do your transaction normally. I suggest to do 1 to three transactions with profit target from 10 to 50 points as your beginning trade for each day. Even in case no signal suggested, do not made any transaction.
Well.... I have some other information but for your safe start, just focus your attention to the steps I've showed to you before (3 simplest steps to be a forex trader : STEP 1, STEP 2, and STEP3 ) . I wish you will be a succesfull trader in near future.
Good Luck!

Wednesday, January 7, 2009

STEP 3 : FIND RELIABLE SUPPORT

After followed STEP 1 and STEP 2; we have to step ahead to Find Reliable Support. Support is no merely point to company's support. It's important to find reliable and quick respond support from any company. But here I will help you (specifically if you are beginner) to find reliable support for yourself (learn forex easily and freely by yourself).
Although you can understand about the rules and have found your favorite company, you still need many helps to start the trading and many problems you will be faced ahead. Here I suggest you to find great places which you can ask almost everything you needed, or may be you can find the answer for yourself with do a little search or read something in the great places.
If you want information about trading support (when to BUY and SELL), you can get it for free with join many sites or broker's site that provide free information (some fully free, some only require to open a DEMO account). JUST JOIN and get important information for free!!

This is some suggested places to join for free (you can add many more) :
(1. Drop your name and your email, 2. Download the signal software, 3. Register by clicking Register button under login form, 4. Fill your chosen username and password, 5. You can anytime run the software to check if there is important news)

freeforexsignal
(Just Drop Your valid email, news send by email)
or if you want to see the market prediction directly go to their blog : http://www.freeforexsignal.com/blog/

Daily20pip
Visit this site to check important news : instantly

Also check great forums which give analysis about forex market news (Strongly recommended to join for free!) :


Forexfactory

Forexpeacearmy

This is my last simple steps but keep on your mind that this should not the end of learning process, do it wisely.
If you have done all 3 Steps and really understood and do it perfectly, then it's the time for you to start your career as an independent new trader !!! Treat your trial as your real trading!
Good Luck !

Next Post : Some Issues Which Should You Avoid!!

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