Well, when we open a new position, we always want to make some profit from it. Sometimes we can guess where the wind comes from and sometimes we can not.
For making a revenue in Forex, we first decide the rate between a value and a value. For example USDCHF will be on 1.0400 – 1.0490 .When USDCHF rate reaches the top we will make “sell positions” or when it reaches the bottom, we will make “buy positions”. Do not invest unless you are sure where the rate flipflops. Everyday, investors are making money with this strategy.
In a long term, it is hard to decide the rate. Because every event can make harm currencies or make them richer even they are.
For making money in Forex you should follow some rules,
1-) Never open a position immediately.
2-) Read some tips before you invest.
3-) Only invest 1/3 of your money at the same time.
4-) When you reach your goal, close the position.
5-) Put your stop-loss limit after you open the position.
6-) Withdraw your money after you earn.
7-) Be careful to open positions on Monday and Friday.
Be silent on the day when critical events will happen.
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Thursday, April 8th, 2010 at 3:42 am
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