Buy and Sell on Forex
Every experienced trader was necessarily a beginner in the currency speculator who carried out certain errors. To similar mistakes I consider and purchases of all kinds of advisers, trading systems, scripts and so on. No, I do not mind all vendors offering some or other merchandise on Forex, but it seems to me that every choice should be substantiated. Think for yourself, even when buying shoes, we look at what they are made, they will get wet in the rainy weather, fashionable whether they look at all, and so on. The choice of a trade advisor should also be weighed in advance, well thought out.
Buying work only for its beautiful name is not worth it, and many adjustments are unlikely to be a dignity for which it is not a pity to give up money. The buyer in this case is just as obliged to comprehensively evaluate the subject of his interest, to get acquainted with the benefits that will be obtained as a result of the purchase.
Here you can ask to demonstrate the monitoring of a trading account, in which the system operates in a demonstration mode, a terminal report, and so on. The ideal option would be the availability of an investment password, through which a potential buyer could see how successful the trade was with the use of the product offered.
At the moment, there are various stores offering advisers, hand-held systems, and so on. Among the huge assortment of various goods, if we consider each individually and carefully, we will find a shortage of quality products. As a rule, goods are not provided with either monitoring or terminal reports. Of course, trusted offers that are unconfirmed are not reasonable.
Unfortunately, the currency market has become a haven for fraudsters willing to sell anything, even if the product itself does not correspond either to its description or to the promises made by the seller. Newbies, just doing the first steps on Forex, are often unable to adequately assess the product they are offered. To evaluate the same advisor it is necessary to have some knowledge in trading, which can not be a beginner speculator.
I advise beginners in the market not to rush to make purchases without learning how to evaluate the performance of these or other systems, interested in the trader. In addition, there is always a chance to find the free system or adviser for which the enterprising seller asks for money. At forums on currency trading, you can often find what is being sold in specialized stores.
It is hard to cope with the joy of gaining profit in the market. Imagine that you only recently got acquainted with Forex, began to study the features of trading. Of course, there is a desire to put into practice, in practice, the modest knowledge that was acquired by the speculator before, and the person opens the bill. The first deals are exciting, every market analysis is repeated repeatedly before an agreement is concluded, but time passes and we still see our results. Here the novice looks at the fruits of his work with hope, although, as practice shows, it is completely useless. No matter what the results of trade, all of them at the development stage are not indicative.
In this situation, a person can rejoice over what happens if he receives income, but this is a false reaction. The fact that the resulting gain or loss is nothing but the result of a poorly systematized trade, which has not yet been verified to the extent necessary. If the trader sees the damage, then it will probably be clear to him that he was wrong that the trading system, if any, was false. The damage motivates to find a problem, to solve a problem, the existence of which leads to damage.
Worse cases are with the profitable result of trading a trader at the initial stage of his work on Forex. In this case, the speculator feels more confident, although a positive for the person completion of the operation will be only an accident.
In theory, each currency speculator can open a market operation with closed eyes at any moment and correctly guess the direction of market development. If we discard the size of the spread, then the chances of losing money and earning them will be the same.
It turns out that for a beginner trader the option of receiving losses was more useful, so that there were no reasons to complete the recently started learning process. Profit can encourage a person, give food to his hopes for a professional level of work. At an early stage of trading, such high arrogance, based only on short-term gain, is really dangerous. The speculator immediately diminishes the desire to continue to learn to trade.
Profit can be a factor in demonstrating our level of professionalism, but it must be understood that long-term statistics will be required for an objective assessment of such data. A large amount of data can be collected only with the long successful work in the market, which in no way can be the result of successful actions. The assessment of individual cases, transactions, situations, represents only a manifestation of interest in the details of the trade process and no more. Any calculations on the basis of which it is planned to adjust their work, should be based on long statistics and not otherwise.
Balance and account facilities
The beginning of development in the foreign exchange market is always connected with the study of the trading terminal, its functions, capabilities, and so on. The trader will find out exactly how open and close positions, how to use indicators and much more. In addition to the quotations, the list of currency pairs, a person has the opportunity to study all the transactions carried out in the account before, as well as observe the current values of balance, funds. By the way, what is the difference between the balance of the trading account and the deposit funds? In fact, the differences are quite significant, we will consider them below in more detail.
The balance shows the status of the account for closed positions. As soon as the deal is closed, the deposit balance changes immediately, but on the bigger or smaller side, it depends on the results of the trading operation. Thus, the balance indicates only the control points of the deposit status at the time of the closing of the next item. The situation may be such that there is virtually no money in the account, but the balance value has not changed yet.
The funds show the dynamics of cash fluctuations on the deposit. When an open transaction, then the funds of the entire account will be increased, at moments of profit growth for the current operation, then decrease if the position is gaining.
The funds will be equal in balance only in two cases:
there are no open positions on the account
the amount of open positions at the control moment of time is zero
The first case, I think, is understandable, because if there are no deals at the moment, then the balance will be equal to free funds. The second case concerns, rather, private. It is based on the fact that the current currency operation can be not only loss-making or profitable at any time, but also zero.
The means best reflect the cash resources available to us at the moment. If we want to withdraw money from the account, then we will give them the largest amount - the funds. If the balance at the time of capital withdrawal is equal to, for example, 1500 USD, and the funds are 900 USD, then the broker will not give us more than 900 USD. Of course, in order to derive profits in this case, it will have to close the transactions, and then the funds on the accounts are compared with the balance, they amount to 900 USD. It's naive to consider the success of work on a balance man should monitor exactly the value of money, which fully reflect the financial capabilities of the trader.