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Saturday, 23 June 17:05 (GMT -05:00)



Foreign exchange market

Tips for Forex Rookies: Trading Forex Profitably


 

They say only professionals can make money in financial markets. It is true to some extent. The thing is that only 3-5%.  Still, there are shortcuts to becoming a professional FX trader.  In this article we are going to share with you some success stories of plain guys who managed to get from rookies to pros over a relatively short period of time.

 

 

 

 
Profitable FX trading is an art. Few people actually make money in the long run. However, they weren’t born professionals, which means you can also become an FX pro if you are ready to study and overcome challenges.
 
According to Eugene Olkhovsky, who is the leading expert in financial markets for Masterforex-V Academy, says that most traders habitually repeat the same mistakes.  One of the biggest mistakes a trader can make is the lack of a solid foundation – knowledge and skills – which is the result of decent education.
 
Most traders spend years to learn how to at least avoid major losses, not to mention profitable trading. However, provided that you have found a good mentor to teach you how to become a winning FX trader, you can truly become one within a relatively short period of time.
 
Multiple success stories confirm this fact. At first sight, the stories look unreal but the truth is that they are true and numerous among Masterforex-V Academy students. They prove that FX trading is not some kind of gambling. It may well be a major source of income from anyone who wants to succeed and is ready to act no matter what.

Forex Success Stories

A student named Alex was interviewed by Market Leader and shared his success story. When asked about how he came to Forex, he answered that it was accidental. He clicked a Forex banner on a website to find out more about Forex. There was a period of bad luck, which is typical of most rookie traders out there. Then he discovered Masterforex-V Academy and started his journey from rookies to FX pros. At this point, Alex is working on his own trading strategy based on what he learned from his mentors.
 
As for his trading day, Alex starts it from analyzing the market and making a strategic trading plan. Then he analyzes the tactic plans shared by senior Masterforex-V Academy members.
 
Another student of Masterforex-V Academy named Dmitry shocked the trading community with his amazing results in 2014. Over the period of September 24th through November 8th, he conducted 178 trades with only 12 losers!  This is amazing!

The initial equity was $7772+$5764. The trader managed to expand it all the way up to $57 541 and withdraw $36 749. There will always be losing trades. You need to focus on the ration between losers and winners and do your best to shift the balance towards the winners to succeed in FX trading. Even though the risk was pretty high, the trader still succeeded since it was confident. Now, he is planning to go deeper into learning study another trading strategy by Masterforex-V Academy with low risk and decent profitability 10%-30% per month.

 

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Forex. EURUSD: Euro Recovers Despite Poor Figures by Sentix

 

Eurozone investors are showing negative sentiment in August. This is confirmed by the recent report published by Sentix. The experts assume that the Eurozone economy is actually capable of surviving global economic recession as well as the uncertainty triggered by Greece’s debt problems.
 
Publication date: 11 August 12:24 AM

50 Traders of Masterforex-V Earn Over 19 ths. Points in July

Summer is in the height. Trade freezes not only at the world's trading platforms, but also for our traders. Activity of trade considerably declines in these hot days - people prefer beach and water to boring chart and numbers.

Publication date: 10 August 09:23 PM

Forex. AUDUSD: Aussie Recovers After Plunge

The Australian labor market remains a weak link in chain of the Australian economy, Market Leader reports. This s confirmed by the latest economic reports coming from Australia. For instance, the rate of unemployment in Australia increased in July.

Publication date: 10 August 01:50 PM

Hantec Markets on How to Deal with Emotions in Forex Trading

 

Excessive emotionality is not the best trait of a trader’s character. Emotions are some of the worst enemies to Forex traders. They often interfere with perfect timing by making traders close profitable trades prematurely and forcing them to wait till small losers become big ones. All in all, they increase the likelihood of making costly mistakes in daily trading.
Publication date: 09 August 01:02 PM

Alpari and TeleTrade Named CIS Most Popular Forex Brokers of July 2015

 

Sooner or later there comes a moment when every trader has to choose a broker at international forex currency market, which he can give his personal savings not only for their safety, but also for their further accumulation. Nevertheless, this choice is much more difficult than, for example, choosing a bank to open a deposit in. The point is that Forex broker has not only to maintain, but also to considerably increase a trader’s means.
 
Publication date: 08 August 09:44 PM

FxPro on True Forex Transparency

These days every single FX broker seems to be talking about transparency. What exactly do they mean applying transparency to Forex trading? Some of you might think that FX transparency is all about giving away all the secrets and all the trump cards up the broker’s sleeves. In reality, more often than not, FX brokers use this notion just to seem reputable and reliable, which is not the case most of the time.

That is why FxPro, a FX heavyweight and some of the most reputable FX brokers out there, decided to share with us what real FX transparency is…

 
Publication date: 06 August 02:53 AM

Masterforex-V EXPO Names Best Institutional FX Broker in July 2015

 

Institutional FX brokers are FX companies that can be viewed as some of the industry’s leaders. These companies can boast licenses and regulated by major financial watchdogs. At the same time, it should be taken into account that such big-scale guys make up for the lion’s share of all the FX trading volume.


Institutional FX brokers are the elite of the contemporary FX market. That is why Masterforex-V Academy experts decided to resolve a very difficult task – to define the best brokers in the institutional FX niche. That is why it created a standalone rating of institutional FX brokers within the scope of Masterforex-V Expo.

 
Publication date: 05 August 06:32 AM

Stock Exchange Starts Working in Greece

 

Greek stock exchange has finally officially regained its activity. As informed by most authoritative international media, this event happened on Monday, August 3. It is worth mentioning that the market had not worked during five previous weeks. When this piece of nerws went public, many direct players of Greek market expected the cost of stocks to drop.
 
Publication date: 05 August 04:47 AM

Masterforex-V EXPO Names Best FX Banks in July 2015

 

As you probably know, the contemporary foreign exchange market (Forex or FX for short) has turned into a major source of consistent income for hundreds and even thousands of professional FX traders all around the globe. Undoubtedly, this would be impossible but for reliable FX companies giving their clients a decent opportunity to succeed financially. Such FX brokers have always been client-oriented companies viewing their clients’ needs and ambitious as core values lying at the heart of the success reached by their businesses. Some of them do their best and really strive hard to improve their trading conditions as much as possible for even more profitable and comfortable FX trading.
Publication date: 05 August 03:50 AM

KROUFR AWARDS – Choose Best FX Brokers 2015

 

The contemporary Russian Forex industry has grown into a true giant. Therefore, there is nothing to be surprised about the fact that more Western and Asian FX brokers come to Russian and the CIS to expand their businesses. It is not accidental that there are many FX awards in the indsustry. However, not all of them are truly unbiased and objective. Sometimes, FX companies win awards based on some unclear criteria lacking transparency instead of being awarded for some major achievements. Where to find unbiased ratings and awards?
Publication date: 05 August 02:35 AM