{"id":3696,"date":"2017-09-05T10:51:45","date_gmt":"2017-09-05T10:51:45","guid":{"rendered":"http:\/\/www.futuresandoptions.gr\/en\/?p=3696"},"modified":"2017-09-05T11:05:15","modified_gmt":"2017-09-05T11:05:15","slug":"forex-tips-and-ideas","status":"publish","type":"post","link":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/","title":{"rendered":"Forex tips and ideas"},"content":{"rendered":"<ul>\n<li>Traders often fail because they don\u2019t learn from mistakes. Keep a diary of trades to discover what works and what doesn\u2019t.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Setting limit orders and stop\/loss orders takes emotion out of the equation and ensures trading discipline.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Trade small amounts when you are a beginner. Grow your account balance through profits, not deposits.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Don\u2019t set a stop loss order too close to the opening position price. Normal market volatility can trigger it if you do.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Don\u2019t chase a losing position out of emotion. Stick to your trading plan and don\u2019t throw good money after bad.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Don\u2019t reinvent the wheel. Study other forex traders\u2019 strategies to see what works and what doesn\u2019t.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>High leverage isn\u2019t free money. Manage your money wisely and stick to low leverage. That\u2019s what the successful pros do.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Forex trading isn\u2019t gambling. Look for steady profits rather than hunting a few big wins.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Plan all your trades in detail before you make them, otherwise emotions can lead to bad decisions later on.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Don\u2019t hold too many open positions at the same time. Unless you automate them all, you will end up being overwhelmed.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>There isn\u2019t a single perfect trading strategy. The most important thing is to pick one that suits your personality.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>When you are following a trend, use a trailing stop to lock in your profits.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Some currency pairs are volatile and others are relatively stable. Choose the pairs that best suit your risk profile.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Technical analysis is well-suited to short-term analysis, while fundamental analysis may be useful in the longer term.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Weekends are a good time to learn from your past week\u2019s trading and to plan for the week ahead.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>If you find yourself getting tired, angry or frustrated when trading, take a break to get yourself back under control.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>If you keep positions open for a long time, be aware of rollover charges. Some accounts charge these each day at 5 PM EST.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Pay attention to economic calendars. Surprises in GDP and other data can move the market quickly.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Make market analysis part of your daily routine. It\u2019s better to make a few informed trades than many random ones.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Successful traders study their craft. If you are a beginner, consider taking an online course to master the basics.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>When starting out, study a single currency pair. Don\u2019t spread yourself too thin by trading multiple pairs.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Don\u2019t let greed turn a profit into a loss. Stick to your trading plan and don\u2019t let emotions get in the way.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Remember that your goal is to make long-term profits. Don\u2019t let a single good or bad day change the way you trade.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Not all forex trading advice is good advice. Filter your inputs carefully based on the reputation of the source.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>You can learn from other traders, so share your experiences. However, make your own decisions since it\u2019s your money.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Set stop\/loss and limit orders to reflect your tolerance for risk. The further apart they are, the more risk there is.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>If someone has a way of doubling their money each week, then why would they tell you? Stick to proven strategies.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Automate your trading whenever you can. This will stop your emotions from doing damage when you have an open position.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>There is no such thing as a guaranteed profit. Remember that small losses that you planned for are wins as well.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Choose a reputable forex broker that offers you trading conditions and currency pairs that match your trading strategy.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Boredom is no reason to open a position. Be patient and look for real trading opportunities.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Volatility is an opportunity for both profit and loss. Converging Bollinger Bands often indicate volatility ahead.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Don\u2019t get overconfident when you have a big win. Stick to your trading strategy and don\u2019t take reckless risks.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Interest rates, employment and geopolitical events are the main factors to consider in fundamental analysis.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Don\u2019t go against trends unless you have the financial and mental strength to survive a long string of losses.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>You make the best trading decisions when you are healthy and rested. Get plenty of sleep and exercise.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>If you over-leverage your trades, there is a real risk that you will be forced to exit a position at the wrong time.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Pay attention to the spread between the bid and ask. This can change and make the difference between profit and loss.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>If you start out by making simulated forex trades, remember that real trading is very different because of emotions.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>You will often find the highest trading volumes when New York opens in the morning and Europeans come back from lunch.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Always plan your exit strategy up front. At what rate will you cash out winners, and when will you cut your losses?<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Always look at the potential downside of any trade and plan to limit your losses if the worst happens.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>When manufacturing economies such as China grow, commodity-based currencies such as CAD and AUD often rise.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Don\u2019t just rely on technical or fundamental analysis. Successful traders take both into account before they trade.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Study horizontal support and resistance levels. Look for price action at these to find high-probability opportunities.<\/li>\n<\/ul>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- 468x60, \u03b4\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03ae\u03b8\u03b7\u03ba\u03b5 6\/8\/2010 --><br \/>\n<ins class=\"adsbygoogle\" style=\"display: inline-block; width: 468px; height: 60px;\" data-ad-client=\"ca-pub-8884023723313114\" data-ad-slot=\"5444360416\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traders often fail because they don\u2019t learn from mistakes. Keep a diary of trades to discover what works and what doesn\u2019t. &nbsp; Setting limit orders and stop\/loss orders takes emotion out of the equation and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[29,14,670],"tags":[805,803,6,804,396],"class_list":["post-3696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-2","category-financial-news","category-trading-signals","tag-bid-and-ask","tag-economies","tag-forex","tag-strategy","tag-trading-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forex tips and ideas - Futures and Options<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex tips and ideas - Futures and Options\" \/>\n<meta property=\"og:description\" content=\"Traders often fail because they don\u2019t learn from mistakes. Keep a diary of trades to discover what works and what doesn\u2019t. &nbsp; Setting limit orders and stop\/loss orders takes emotion out of the equation and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/\" \/>\n<meta property=\"og:site_name\" content=\"Futures and Options\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-05T10:51:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-09-05T11:05:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.futuresandoptions.gr\/en\/wp-content\/uploads\/2017\/09\/forex-tips-I.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1453\" \/>\n\t<meta property=\"og:image:height\" content=\"908\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"pnik\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"pnik\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/\",\"url\":\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/\",\"name\":\"Forex tips and ideas - Futures and Options\",\"isPartOf\":{\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.futuresandoptions.gr\/en\/wp-content\/uploads\/2017\/09\/forex-tips-I.jpg\",\"datePublished\":\"2017-09-05T10:51:45+00:00\",\"dateModified\":\"2017-09-05T11:05:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/#\/schema\/person\/e724181c2b6dddb5e6c826e406faac26\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#primaryimage\",\"url\":\"https:\/\/www.futuresandoptions.gr\/en\/wp-content\/uploads\/2017\/09\/forex-tips-I.jpg\",\"contentUrl\":\"https:\/\/www.futuresandoptions.gr\/en\/wp-content\/uploads\/2017\/09\/forex-tips-I.jpg\",\"width\":1200,\"height\":750,\"caption\":\"forex tips\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.futuresandoptions.gr\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forex tips and ideas\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/#website\",\"url\":\"https:\/\/www.futuresandoptions.gr\/en\/\",\"name\":\"Futures and Options\",\"description\":\"Serving Intelligent Investors\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.futuresandoptions.gr\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.futuresandoptions.gr\/en\/#\/schema\/person\/e724181c2b6dddb5e6c826e406faac26\",\"name\":\"pnik\",\"url\":\"https:\/\/www.futuresandoptions.gr\/en\/author\/pnik\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Forex tips and ideas - Futures and Options","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/","og_locale":"en_US","og_type":"article","og_title":"Forex tips and ideas - Futures and Options","og_description":"Traders often fail because they don\u2019t learn from mistakes. Keep a diary of trades to discover what works and what doesn\u2019t. &nbsp; Setting limit orders and stop\/loss orders takes emotion out of the equation and [&hellip;]","og_url":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/","og_site_name":"Futures and Options","article_published_time":"2017-09-05T10:51:45+00:00","article_modified_time":"2017-09-05T11:05:15+00:00","og_image":[{"width":1453,"height":908,"url":"https:\/\/www.futuresandoptions.gr\/en\/wp-content\/uploads\/2017\/09\/forex-tips-I.jpg","type":"image\/jpeg"}],"author":"pnik","twitter_card":"summary_large_image","twitter_misc":{"Written by":"pnik","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/","url":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/","name":"Forex tips and ideas - Futures and Options","isPartOf":{"@id":"https:\/\/www.futuresandoptions.gr\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#primaryimage"},"image":{"@id":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#primaryimage"},"thumbnailUrl":"https:\/\/www.futuresandoptions.gr\/en\/wp-content\/uploads\/2017\/09\/forex-tips-I.jpg","datePublished":"2017-09-05T10:51:45+00:00","dateModified":"2017-09-05T11:05:15+00:00","author":{"@id":"https:\/\/www.futuresandoptions.gr\/en\/#\/schema\/person\/e724181c2b6dddb5e6c826e406faac26"},"breadcrumb":{"@id":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#primaryimage","url":"https:\/\/www.futuresandoptions.gr\/en\/wp-content\/uploads\/2017\/09\/forex-tips-I.jpg","contentUrl":"https:\/\/www.futuresandoptions.gr\/en\/wp-content\/uploads\/2017\/09\/forex-tips-I.jpg","width":1200,"height":750,"caption":"forex tips"},{"@type":"BreadcrumbList","@id":"https:\/\/www.futuresandoptions.gr\/en\/forex-tips-and-ideas\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.futuresandoptions.gr\/en\/"},{"@type":"ListItem","position":2,"name":"Forex tips and ideas"}]},{"@type":"WebSite","@id":"https:\/\/www.futuresandoptions.gr\/en\/#website","url":"https:\/\/www.futuresandoptions.gr\/en\/","name":"Futures and Options","description":"Serving Intelligent Investors","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.futuresandoptions.gr\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.futuresandoptions.gr\/en\/#\/schema\/person\/e724181c2b6dddb5e6c826e406faac26","name":"pnik","url":"https:\/\/www.futuresandoptions.gr\/en\/author\/pnik\/"}]}},"_links":{"self":[{"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/posts\/3696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/comments?post=3696"}],"version-history":[{"count":2,"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/posts\/3696\/revisions"}],"predecessor-version":[{"id":3701,"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/posts\/3696\/revisions\/3701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/media\/3697"}],"wp:attachment":[{"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/media?parent=3696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/categories?post=3696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futuresandoptions.gr\/en\/wp-json\/wp\/v2\/tags?post=3696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}