All traders, who joined Forex, seek to reach best results. However, to trade with profit, traders need to know and follow some Forex principles.
Have your own trading strategy. Develop your system, which is based on some significant factors for trading on Forex.
Control your emotions. Unstable emotional condition may disturb the process of making decisions. Learn how to control your emotions and wishes.
Have your own historical data. Write down under which circumstances and on what factors your decisions to open/close orders are based and your comments on every situation. Constantly review the results of your work.
Learn from your mistakes. Analysis and work on mistakes are among the most important components of successful trade. It is important to be self-critical in the analysis of loss positions. Having dealt with loss positions, you can avoid repeating these mistakes.
Do not trade without the reason. Do not open a trading platform only because you have nothing else to do or you cannot fall asleep. Trade only when there are factors that justify such actions.
Work and think by yourself. Help and hint from another person may be helpful, but not while trading on Forex. You can consider advice from experienced traders, but do not just follow it without even thinking. Progress will appear only when you make your own analysis, develop your own strategies and rely only on your decisions.
Trade only when you are confident about it. It is better to wait for the appropriate moment to enter the market, than open the order when you do not understand the situation. It is important to enter and leave the market at the right time. If you do not feel confident, you better not take the risk. A couple of lost pips cannot be compared with the large loss, which may be caused by rash action. Just open the order later: the market is not going anywhere.
Do not trade against the market. With the lack of experience, it is better not to take the risk. In the process of price movement in a particular direction, market starts jumping up/down. To learn how to use short – term fluctuations, you must gain experience, thus minimizing risks.
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Suit 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown St.
Vincent and the Grenadines
SNX Capital is incorporated in St. Vincent & the Grenadines and UK as an International Broker Company.
The service is not available for US and Japan Residents.
The service is not available for US and Japan Residents.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Please read the full Risk Disclosure.
This Website is owned and managed by SNX Capital The objectives of the Company are subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Singapore in particular. It is not exclusive to all commercial, financial, lending, borrowing, trading, service activities and participation in other enterprises. We provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.
This website is operated by SNX Capital LLC. The registered office of the company is located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines.
You are hereby being notified that arbitrage is EXPRESSLY PROHIBITED. Any person engaged in arbitrage proceedings will immediately be banned from the platform and will be liable to a penalty and occurring legal proceedings.
Kemp House, 160 City Road, London,
EC IV 2NX ( U.K )
Suite 305 Kingstown Griffith corporate centre st Vincent and Grenadines
RKM Bldg, Near All Qiyadah Metro Station, Abu Hail, Dubai,UAE