Reader Comments

Fx Master Bot Review2

by dilli jack (2019-04-01)

With theaboveyou can study the market well,Fx Master Bot Review2but to be sure you can add other indicators like RSI, Stochastic, Zigzag and others, first practice with them so you can understand how they work. Now the best time to go with a signal generated from a technical indicator is in the morning before9am London time and in the evening after8pm London time, during this period there won't be any news that will affect the trend negatively.Whenever many novice forex traders come across the term forex money management, they either did not choose to employ it in their trading plan or they didn't even know about it. They take it as an afterthought and that the problem of money management will take care of itself if they are able to nail the perfect trade. This should raise an alarm as the existing leverage provided by brokers serves as a double edge sword.

This thing called leverage enables you to have a little amount of money to control a huge position size where you can profit the market tremendously but also can strike you down with heavy losses due to your losses multiplied many fold when you are in the red. Learning money management in trading is like learning to manage your little soldiers in battle with the market to win the trade for you or in the worse case to allow you survive another day of battle.Once i attended a course on basic forex trading with a so called guru paying a few thousand dollars for it. I learnt the basics of forex together with some simple strategies to apply and was excited about the whole trading thing and what fortune it could bring to me. After a few trades i was on a hot streak or so i thought when i hit a few losses along the way.