If you are a technical trader, charts is everything, and if you are like me you want to know what will happen next as soon as possible and Forex charts allow you to see the charts unfold in hours.

And becasue of the leverage you can bet more on a position. Unlike stocks you do not need to create another margin account everything is built in. SO for every $1 you can bet $200. So you can bet $200,000 for $1000 account equity.

And all you can lose is $1,000. But becasue the eleverage is so huge, that $1000 can go very quickly. But technically your loss is limited to $1000 without margin call !!

How quickly ? Imagine if every loss, you lose, $50. It take you only 20 trades to lose $1000. How fast is 20 trades ? Very fast.

So if your win:loss ratio is 50:50, and every time you win you win $50 and loss $50, you still lose, but takes 40 trades to lose. So when you win, you will have to win big to cover number of loses that is inevitable. And when you lose lose small.

Hope this has help you,…..

I am new to Forex also, my friend who is making great money refered me to the link listed below. I like it because they do not recommend trading everyday. They will pick their spots and make money rather then putting in a trade everyday. And hoping for a high percentage.

Good Luck

Si usted es comerciante técnico, las cartas son toda, y si usted es
como mí usted desea saber qué sucederá después cuanto antes y las
cartas de Forex permiten que usted vea las cartas revelar sobre horas.

Y becasue de la palancada usted puede apostar más a una posición.
Desemejante de la acción usted no necesita crear otra cuenta de
margen que todo se construye adentro. TAN para cada $1 usted puede
apostar $200. Usted puede apostar tan $200.000 para la equidad de
$1000 cuentas.

Y todos lo que usted puede perder son $1.000. Pero el becasue que el
eleverage es tan enorme, esos $1000 puede ir muy rápidamente. ¡Pero
su pérdida se limita técnico a $1000 sin llamada de margen!!

¿Cómo rápidamente? Imagine si cada pérdida, usted pierde, $50. Le
toma solamente 20 comercios para perder $1000. ¿Cómo rápidos son 20
comercios? Muy rápidamente.

Tan si su cociente de win:loss es 50:50, y cada vez que usted le gana
el triunfo $50 y la pérdida $50, usted todavía pierde, pero toma 40
comercios para perder. Tan cuando usted gana, usted tendrá que ganar
grande para cubrir el número de pierde que es inevitable. Y cuando
usted pierde pierda pequeño.

Espere que esto tenga ayuda usted…..

Actually everything is not as simple as it looks from first view. Yes, everything looks very nice in the historical data but absolutely different is when you have to determinate market movement for next step. Just try it on demo account and you’ll see that it is not so easy.

Yes, you can trade monthly if you have huge trading amount and high risk is comfortable to you.

We all know that EURUSD daily average is about 100-120 pips. Weekly average is 200-400 pips, Monthly average is 400-600 pips. Accordingly stop loss orders should be higher for longer term trades

So every trader chooses trading style that conforms to his/her character, funds and allowed risk.

Furthermore forex is volatile market so every trend is formed from several shorter term trends accordingly those shorter trends are formed with several more shorter term trends and etc. Therefore there are different term traders

Actually day trading is most profitable. Sometimes especially after important fundamental news it moves more than 100 pips in 1-2 hours. So you could earn at least 100 pips on one movement. But if you would choose smart way for entry then is possible increase profit even twice. At least once per week such movement is available.

So day traders need fewer funds to receive higher income with more comfortable stop loss.

As you are newbie I think following books would be useful for you.

Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;

Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;

Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;

Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams

Good luck!

Start a online trading account.Then download the forex-killer
sowftwear!You have completed.ok.
I am always at your help .please email me at