What Do You Need To Be A Successfully Trader

Forex has caused large losses to many inexperienced and undisciplined traders over the years. You need not be one of the losers. Here are twenty forex trading tips that you can use to avoid disasters and maximize your potential in the currency exchange market.

1. Know yourself. Define your risk tolerance carefully. Understand your needs.

To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to forex and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging forex trading.

2. Plan your goals. Stick to your plan.

Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

3. Choose your broker carefully.

While this point is often neglected by beginners, it is impossible to overemphasize the importance of the choice of broker. That a fake or unreliable broker invalidates all the gains acquired through hard work and study is obvious. But it is equally important that your expertise level, and trading goals match the details of the offer made by the broker. What kind of client profile does the forex broker aim at reaching? Does the trading software suit your expectations? How efficient is customer service? All these must be carefully scrutinized before even beginning to consider the intricacies of trading itself.Please refer to our forex broker reviews to find a reliable broker that suites your trading style.

4. Pick your account type, and leverage ratio in accordance with your needs and expectations.

In continuation of the above item, it is necessary that we choose the account package that is most suited to our expectations and knowledge level. The various types of accounts offered by brokers can be confusing at first, but the general rule is that lower leverage is better. If you have a good understanding of leverage and trading in general, you can be satisfied with a standard account. If you’re a complete beginner, it is a must that you undergo a period of study and practice by the use of a mini account. In general, the lower your risk, the higher your chances, so make your choices in the most conservative way possible, especially at the beginning of your career.

5. Begin with small sums, increase the size of your account through organic gains, not by greater deposits.

One of the best tips for trading forex is to begin with small sums, and low leverage, while adding up to your account as it generates profits. There is no justification to the idea that a larger account will allow greater profits. If you can increase the size of your account through your trading choices, perfect. If not, there’s no point in keeping pumping money to an account that is burning cash like an furnace burns paper.

6. Focus on a single currency pair, expand as you better your skills.

The world of currency trading is deep and complicated, due to the chaotic nature of the markets, and the diverse characters and purposes of market participants. It is hard to master all the different kinds of financial activity that goes on in this world, so it is a great idea to restrict our trading activity to a currency pair which we understand, and with which we are familiar. Beginning with the trading of the currency of your nation can be a great idea. If that’s not your choice, sticking to the most liquid, and widely traded pairs can also be an excellent practice for both the beginner and the advanced traders.

7. Do what you understand.

Simple as it is, failure to abide by this principle has been the doom of countless traders. In general, if you’re unsure that you know what you’re doing, and that you can defend your opinion with strength and vigor against critics that you value and trust, do not trade. Do not trade on the basis of hearsay or rumors. And do not act unless you’re confident that you understand both the positive consequences, and the adverse results that may result from opening a position.

8. Do not add to a losing position.

While this is just common sense, ignorance of the principle, or carelessness in its employment has caused disasters to many traders in the course of history. Nobody knows where a currency pair will be heading during the next few hours, days, or even weeks. There are lots of educated guesses, but no knowledge of where the price will be a short while later. Thus, the only certain value about trading is now. Nothing much can be said about the future. Consequently, there can be no point in adding to a losing position, unless you love gambling. A position in the red can be allowed to survive on its own in accordance with the initial plan, but adding to it can never be an advisable practice.

9. Restrain your emotions.

Greed, excitement, euphoria, panic or fear should have no place in traders’ calculations. Yet traders are human beings, so it is obvious that we have to find a way of living with these emotions, while at the same time controlling them and minimizing their effect on our lives. That is why traders are always advised to begin with small amounts. By reducing our risk, we can be calm enough to realize our long term goals, reducing the impact of emotions on our trading choices. A logical approach, and less emotional intensity are the best forex trading tips necessary to a successful career.

10. Take notes. Study your success and failure.

An analytical approach to trading does not begin at the fundamental and technical analysis of price trends, or the formulation of trading strategies. It begins at the first step taken into the career, with the first dollar placed in an open position, and the first mistakes in calculation and trading methods. The successful trader will keep a diary, a journal of his trading activity where he carefully scrutinizes his mistakes and successes to find out what works and what does not. This is one of the most importance forex trading tips that you will get from a good mentor.

11. Automate your trading as much as possible.

We already noted the importance of emotional control in ensuring a successful and profitable career. In order to minimize the role of emotions, one of the best of courses of action would be the automatization of trading choices and trader behavior. This is not about using forex robots, or buying expensive technical strategies. All that you need to do is to make sure that your responses to similar situations and trading scenarios are themselves similar in nature. In other words, don’t improvise. Let your reactions to market events follow a studied and tested pattern.

12. Do not rely on forex robots, wonder methods, and other snake oil products.

Surprisingly, these unproven and untested products are extremely popular these days, generating great profits for their sellers, but little in the way of gains for their excited and hopeful buyers. The logical defense against such magical items is in fact easy. If the genius creators of these tools are so smart, let them become millionaires with the benefit of their inventions. If they have no interest in doing as much, you should have no interest in their creations either.

13. Keep it simple. Both your trade plans and analysis should be easily understood and explained.

Forex trading is not rocket science. There is no expectation that you be a mathematical genius, or an economics professor to acquire wealth in currency trading. Instead, clarity of vision, and well-defined, carefully observed goals and practices offer the surest path to a respectable career in forex. To achieve this, you must resist the temptation to overexplain, overanalyze, and most importantly, to rationalize your failures. A failure is a failure regardless of the conditions that led to it. 

14. Don’t go against the markets, unless you have enough patience and financial resilience to stick to a long term plan.

In general, a beginner is never advised to trade against trends, or to pick tops and bottoms by betting against the main forces of market momentum. Join the trends so that your mind can relax. Fight the trends, and constant stress and fear will wreck your career. 

15. Understand that forex is about probabilities.

Forex is all about risk analysis and probability. There is no single method or style that will generate profits all the time. The key to success is positioning ourselves in such a way that the losses are harmless, while the profits are multiplied. Such a positioning is only possible by managing our risk allocations in accordance with an understanding of probability and risk management.

16. Be humble and patient. Do not fight the markets.

Recognize your failures, and try to accommodate them if they can’t be eliminated completely. Above all, resist the illusion that you somehow possess the alchemist’s stone of trading. Such an attitude will surely be ruinous on your career eventually.

17. Share your experiences. Follow your own judgment.

While it is a great idea to discuss your opinion on the markets with others, you should be the one making the decisions. Consider the opinions of others, but make your own choices. It is your money after all.

18. Study money management.

Once we make profits, it is time to protect them. Money management is about the minimization of losses, and maximization of profits. To ensure that you don’t gamble away your hard-earned profits, to “cut your losses short, and let profits ride”, you should keep the bible of money management as the centerpiece of your trading library at all times.

19. Study the markets, fundamentals, and technical factors leading the price action.

That we have placed this so low in the list should not surprise the experienced trader. Faulty analysis is rarely the cause of a wiped-out account. A career that fails to begin is never killed by the consequences of erronerous application or understanding of fundamental or technical studies. Other issues that are related to money management, and emotional control are far more important than analysis for the beginner, but as those issues are overcome, and steady gains are realized, the edge gained by successful analysis of the markets will be invaluable. Analysis is important, but only after a proper attitude to trading and risk taking is attained.

20. Don’t give up.

Finally, provided that you risk only what you can afford to lose, persistence, and a determination to succeed are great advantages. It is highly unlikely that you will become a trading genius overnight, so it is only sensible to await the ripening of your skills, and the development of your talents before giving up. As long as the learning process is painless, as long as the amounts that you risk do not derail your plans about the future and your life in general, the pains of the learning process will be harmless.

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How To Build A List for Our Online Marketing

While you can certainly make money on the Internet without having a list, you’re probably missing out on a lot of opportunities.

There are benefits to having a list…

• You don’t have to start over and find new people to sell to. You already have a ready-made group of people who have decided that they want to hear what you have to say and have probably already bought from you.
• Typically, if you’ve built a targetted list and treated your subscribers well by sharing valuable information (as opposed to continually promoting to them), the bigger your list, the more money you can make.
• If you are an affiliate marketer, having a responsive list can help you to become a Super Affiliate, which not only equates to more income – it also means that you may have a chance to win cool prizes in affiliate contests. Being a Super Affiliate also means that you can becoming sought after for large launches.

List building however, requires bringing traffice to your website. Here are some ways to get traffic and build your list.

1. Give them something for free. This is the obvious way however, make your free item something other than the usual pdf ebook.

Consider creating a podcast (mp3) with an expert, or even yourself sharing some great tips about your niche. You can also have someone interview you and record the interview to give away. Another idea is to create a video demonstrating a ‘secret technique’ or discussing some of your strategies in a visual way? If your software developer, why not give away some software in exchange for their email address?

2. Post on your blog regularly – using your chosen keywords. Try this – write a blog post (with good content and keywords) every day for 2 weeks and check your traffic stats – you should have more traffic! Do You?

3. Giveaway events are another way to build your list – make sure you create an opt-in page so that you can get the email address.

It’s important to make sure your offer is something that stands out in the sea of all the other Giveaway offers.

4. Build a Squidoo lens or Hub Page and point people to your site. Squidoo lens and Hub Pages are fun to put together, and relatively quickly to make. Take advantage of it and generate some traffic to your site.

5. Write articles and submit them to directories like Ezine Articles. Be sure to use your chosen keywords to the article and create an author resource box that will encourage people to click through to your site. Create articles that have great content and are informative – the content doesn’t have to be your best writing, but it should still be good.

6. What forums exist in your niche? Join a forum (or 2 or 3) and set up your signature to graciously promote what you do. The way (and when) you set up your signature block completely depends on the forum – make sure you read the Terms of Service first. When creating your signature, remember to ‘sell a benefit’ and get readers curious enough to click through.

7. Ad Swaps are certainly an excellent way to grow your list fast and effectively. Find another business in your niche that has a similar size list (or similar response) and send each others offers of a free item to your own list. The key is, to plan your swaps with offers that will appeal to your niche and not to do it too often, as you will ‘desensitize’ your list.

8. Twitter is another great resource to help you generate traffic to your site. A well written, 140 character tweet can entice people to want to know more and click through. For more information on how to use Twitter to drive traffic to your site, pick up your free Twitter Blog Magic report.

9. Pay Per Click advertising can be an effective way of traffic generation. A well designed AdWords campaign will be seen on a number of others people sites – and increase your reach incredibly. Spend some time developing your AdWords campaign to make sure you pay the ‘right’ price for the advertising.

10. If you like to write and you have something valuable to say, guest blogging is a good way to go. Blogging on your own blog means you have your readers, blogging on other people’s blogs (preferably higher traffic blogs) means you have their readers too, and these people will see your name AND your link.

Building traffic to your site, and list building, requires work from you – it doesn’t happen overnight and whilst you can outsource a lot of the work, understanding the basics will definitely help you. Building your list will most certainly help you create a sustainable, and profitable business.

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Marketing Article Making Tips

Article Marketing is an excellent way to generate traffic to your website. However, there are a few tips to consider when creating your article – let’s have a look at how a reader see’s an article and what encourages that person to click on the link to the article writer’s website? Let’s have a look at the process…

1. The reader sees an article title that interests them

2. They open the article and start reading it

3. They read all the way to the end

4. The reader then clicks on the link in the resource box because they want to know more and…

Arrive at your site, likes it, and opts in to your list and/or buys your product.

Simple! So here are some tips to help you create great Articles:

The Title is everything.

If the title doesn’t catch a readers attention, they definitely won’t read the article. In fact, they probably won’t even see your

article in the list of articles they’ve seen… Your title needs to offer them something – What’s in it for them? How can it solve their problem?

Your title should evoke curiosity. “The Number One Mistake New Parents Make” would certainly gain the attention of new and first time parents, “How To Double Your Sales In 6 Weeks” will gain the attention of a business owner seeking to grow their business.

Words that are considered to be curiosity triggers are words like “Top 10 Tips”, “Secrets To…”, and “How I…”

Your title must contain your keyword phrases, not only for Search Engine Optimization, but also so that the people who would be interested in reading your article can find you.

The first paragraph is also very important.

The first paragraph needs to grab the reader’s attention so they will continue reading. When writing the first paragraph, you should identify with your reader by explaining the problems your article will be discussing. It is also important to write in a way that connects with your Target Audience.

Consider the length of the article.

There is a lot of discussion about the length of an article. Many readers will not read long articles however, the articles have to be informative and contact enought information to encourage the reader to want to learn more. On average, a 400 word article seems to work – it gains readers and will also allow for your article to be ‘syndicated’ on other sites.

Be informative, but incomplete.

First of all, you need to give valuable information in your article to encourage people to keep reading however, you don’t have to give it all. For example, your article can include 3 of your top 7 tips and the other 4 can be found on your website or in the product on your website.

Link to the correct page.

When you create your author resource box, make sure you have the right page linked. There is nothing more frustrating than clicking on the a link in someone’s bio box and being sent to a ‘page not found’ page, or worse – to a page that has nothing to do with the subject of the article.

If you’re linking to a specific topic on your blog – make sure you link to the article on your blog, not just the front part of your blog.

Make your bio box work for you.

Your author resource box, or bio, can be the conclusion of your article. Bring your article to a graceful close in the body, but use your bio area to invite the reader to learn more, get a free report or a free gift by visiting your site. Of course, use your keywords for the article as your anchor text (that’s the text that is clickable) for better Search Engine Optimization.

From experience, Article marketing is an effective tool to bring visitors to your site and help make you sales, but only if implemented correctly. Take these tips and use them to grow your article marketing efforts.

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Be Success in Your Online Products Marketing

Reaching the point in your business’s development where you have a ready to market product is a wonderful feeling.  Chances are that your journey began with a Eureka, moment which led to tons of research and planning and then finally you have a product.

But guess what? You’ve reached a milestone moment, but you’ve still got a ways to go.  Just to put it into perspective just look at how much time companies spend on developing products and then compare that to how much time they spend marketing those products.

The work you must do to bring just one product to the market online is almost identical to the work that you must do to market your entire business online.

In short bringing a product to market, online, will require you to create an online marketing plan around the product that you intend to sale.  This plan should be founded upon 1) what you know about your audience, 2) what you know about your audience and 3) your product’s USP.  Those three items should serve to guide your decisions on items such as the type of website to create and the type of online promotional tactics to engage in.  So let us begin with the bedrock of your product’s online marketing plan-research.

1 – Do Your Research

Doing your research consists of learning your audience, your competition, and your industry.  You can learn your audience by analyzing your own website and website’s with similar audiences on Quantcast, you can review your website’s internal search data, and take note of the conversations that you have with members of your audience.  You are looking for clues that tell you 1) who your audience is, 2) what their needs and wants 3) when they buy, 4) how they decide on what and where to purchase 5) where does your audience spend their time at online, 6) what is their level of comfort with their current situation and etc.

This information will come in handy when you want to do things such as decide which social media platforms to utilize or when you want to determine the type of voice to use in your messaging.

To understand who your competition is I’d suggest beginning with a list of both long and short tail keywords that your audience uses to land on your website (you can find this with Google Analytics) and then searching for these terms on Alexa and Keyword Spy. The sites that show up in when you search for these keywords are likely to be your most likely sources of online competition.  Often this list will include retailers, manufacturers, content portals and affiliate sites and that is fine.

Once you know who you’re competing against you can find out what their doing by using tools such as Hubspot’s Website Grader, you can analyze their search engine strategy using tools such as Spyfu, you can look at their blog and you can observe their social media profiles to see what their saying and to see whose speaking for them.

Staying abreast of the latest happenings in your industry is a matter of attending industry functions, reading industry journals, blogs and websites.  Understanding what’s happening in your industry can be helpful because without it-how would you know whether your expectations are realistic or not?

2 – Set SMART Goals

The first thing that you should know when it comes to setting goals for your products is that you need goals that are SMART-specific, measurable, attainable, realistic, and timetabled.

Next you should know that there are two types of goals that you should concern yourself with when it comes to marketing your products online-business goals and marketing goals. These goals will provide you with the benchmarks that you need to assess the success or failure of your online marketing efforts.

Armed with the information that you have on the market for your product you will be in a position to set your business goals. Your business goals should address items such as sales, revenue, costs, and profitability. Since the type and degree of online marketing tactics will be influenced by your budget you will want to also take your financial position into consideration when putting your business goals together.

Your marketing goals should be designed so that your product sales will allow you to meet your company’s business goals. They should include metrics such as monthly website visits, page views, ad impressions, clicks, click trough rate, conversion rate, cost per conversion, average transaction value, and etc.

3 – Develop Your Elevator Pitch

An elevator pitch, which is also sometimes referred to as a unique selling point (USP), is a tool that you use to etch your brand’s unique qualities into the mind of your audience.  In short its what separates you from your competition and it is what let’s your audience know how your product will solve their problems. Your elevator pitch makes up the thrust of your product’s messaging strategy.  You elevator pitch should be incorporated into your website, landing pages, and promotion tactics.

4 – Finding an Online Home

Now that you’re about to begin marketing your product(s) online you will want to determine which type of website is the most suitable to help accomplish your goals.  The basic options that you have are:

• Squeeze Page.  This type of site consists of a single page, usually with no navigation that begins with copy and leads into the crescendo-a product sales offer.  It works best when you have one product and want the consumer to take one action-which is either a purchase and/or to make a request for information.
• Micro Site.  A micro site is a miniature website that is typically built around one product; they often include several different types of commercial online content such as online videos, white papers, and etc.  This type of website works well when selling expensive or complicated products.
• Website.  This can be an ecommerce site, a blog, or a more standard website.  This format works well when you have multiple products to sell.  Often times marketers who utilize a complete website to market their products have several different landing pages-one for each product or family of products.

So you should determine which type of platform to use based upon the number and complexity of products that you will be selling.

5 – Online Promotion Plan

There are tons of online promotion tactics that you can use to market your products.  However, you will not be able to use all of them.  The online marketing tools that you should include in your promotion plan will be based upon your goals, your audience’s online habits and preferences, as well as your company’s financial and time constraints.   The most commonly used tools are:

• Organic SEO.   Organic SEO is used to impact your website’s position within the search engine results for relevant keywords.  Pros: This strategy drives targeted traffic to your site and has long-term benefits that often outlive your efforts.  Surfers place more trust in the natural results than they do in paid results.  Cons:  It takes time for the benefits of organic SEO to materialize.  It can be extremely expensive.
• Paid Search Engine Marketing or SEM. SEM is used to drive targeted potential buyers to your site via sponsored search engine results-think “Google AdWords”.  Pros: This strategy can provide near immediate results.  It also allows advertisers highly detailed analytics.  Performance based pay structure-you pay only for clicks.  Cons:  Many a firm has lost their shirt doing PPC marketing.  Campaigns can get expensive really quick and if you aren’t conducting testing you could easily get in over your head.
• Affiliate Marketing.  Affiliate marketing is where you pay affiliates a commission on the sales that they help to generate for you online.  Pros: Highly cost effective way to bring targeted buyers to your site.  In addition to bringing you sales affiliates also give you back-links to your site.  Cons: Your sales are dependent upon the strength of your affiliates.  Although relative to SEO and PPC overall affiliate marketing costs are low the set up costs can be expensive.
• Online PR.  Online PR speaks to the methods that you use to influence the perception of your online audience to your product(s) or brand.  This includes social media as well as the management of your online newsroom and press releases.  Pros: Relatively inexpensive to utilize.  Since online pr often results in people sharing information with each other about your products, this tool is very similar to a traditional referral-you stand to get warm leads.  Cons: You have little control of your message as much of online pr as the consumer primarily controls or drives social media.  You also have less control over the type of traffic that your website will receive from your online pr efforts-meaning you could get a high percentage of window shoppers from this type of marketing.
• Email Marketing.  Email marketing is a form of marketing where the marketer uses emails as the communication medium to reach the consumer-directly.  Pros:  This can be used to complement PPC marketing and it can greatly enhance the experience of your current customers.  Relative to the other tools email marketing offers a very high ROI.  Cons: You can easily alienate customers if you aren’t careful.  If you break the CAN-SPAM Act you could be fined up to 16,000 USD for a single violation.
• Blogging.  You can use a business blog to communicate with your audience while building your web presence.  Pros: Very affordable.  Easy way to establish your brand online.  Cons:  Can be highly time consuming.  May take a long time to generate sales of your products.

Again, you may find that some of these online promotional strategies are more practical for your firm than others.  The key is that you will want to have a plan that details which tools you will use to market your products so that your company will not be flying blind.

So we’ve just covered five steps that you will need to go through in order to sell your products online.  Of course the rest is up to you.  Go get em’.

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Get Your Posting Bonuses from MT5

For those of you who are just learning forex and cannot wait to direct trading but do not quite have the funds, well now there is good news from Mt5.com, a forex community portal are spread in various parts of the world, including in Indonesia in collaboration with Instaforex, the biggest broker in Asia which gives a bonus post for those of you who signed up for free at Mt5.com forums and participate in every thread that may be in the forum. You simply post your comment or opinion on the thread that you choose, whether it is the form of discussion or just comment on the opinions of other members. 

During the post you made according to the topic and do not lead to post junk / spam, you will be paid starting from $ 0.3 to $ 0.15 per post it, depending on the provisions contained in these forums. For MT5 Indonesia you will be paid $ 0.15 / post, International MT5 $ 0.2 / post, MT5 Nigeria $ 0.2 / post, MT5 India 0.3 / posts and Russia MT5 $ 0.3 / post. The main objective of the forum is to develop a forex community that exists around the world, including in particular in the State of Indonesia, Nigeria, India, and Russia, therefore posting bonus provided here should not be taken as a place you look for the main capital for trading but suppose bonus The post is the initial capital that you get after you seek knowledge in the forum. To maintain order and avoid post-hunter, this forum has quite a lot of administrators and moderators are always "patrol" watching your posts.

If you are caught doing fraud, for example, repeatedly post the content that it is only lip service with no weight value, or you create a new user id fake to get the bonus excess post, you can bet you will be banned and all the bonus stuff that you collect will be eliminated. So it is recommended that you first read the thread you want to post and try to post you give "connect" with the contents of the thread.

As already mentioned above that the bonus you post may be used as the initial capital you trade, meaning you cannot draw a straight bonus of your post, but the results benefit or profit from trading is that you can only pull and you use whatever you like. Before that, you must have a trading account with InstaForex you can make it for free here. Please fill in the referral for portalforum the affiliate code in the web instaforex. This account will serve to accommodate the profit from your trading.

Also make sure you read the contest rules before so you do not make mistakes that can get you banned from this forum. One rule to keep in mind in addition to the things mentioned above is "Never post more than 20 times in 1 (one) day!", (But in some forums can provision more loosely) this will turn on the "alarm" of admins and moderators of the user id. If you violate the provisions of the post, they will immediately block your account and screening check up on all your posts, if from all these postings, there are 30% that contains spam / junk post, you will be banned permanently and your posts bonuses removed whole. So, choose which one, posting in relax state but getting bonus and science, or sporadically in a lot but could at any time be banned.

Take time to read the general rules, posting rules, bonus rules and FAQ's in each forum before you decide to join the forum.

So, what are you waiting for? Immediately register and start posting collect your bonus. Click the banner below to register on the forums. Guaranteed you have enough time to get knowledge from these forums, you also have to have enough capital, at least enough for cent account first.

MT5 Forum Indonesia | International MT5 | MT5 India | MT5 Russia | Open an InstaForex

I myself started a little late, but better late than not it at all. If you want to see proof of payment from Instaforex, please read the article here article.

If you look at nominal given as a bonus in each post is only around $ 0.3 $ -0.15 per his post, may be the question "when does that much capital can make the trade?"

Yohoo.. do one first, if you read the title of the article above, I am of course not only the origin of writing without any reasonable calculation right. But in order for these calculations can become a reality, you only need consistency in the run for 1 (one) months. Do not believe? Let's make-count count though mathematically easier to digest.

You only need to post as many as 20 posts / comments in the forum 5 per day, not many right? If you consistently do it in one month, then you will get the following bonuses:

Indonesia MT5: 20 posts x $ 0.15 x 30 days = $ 90

International MT5: 20 posts x $ 0.20 x 30 days = $ 120

India MT5: 20 posts x $ 0.30 x 30 days = $ 180

Russian MT5: 20 posts x $ 0.30 x 30 days = $ 180

Total capital raised in 1 (one) month = $ 570

With a capital of $ 570, if you make a cent equity in your account, it will be 57.000cent dollars. Enough for you to start trading in real forex accounts.

For besides Indonesia Forum you must observe the following!

• · The language used is English, except for the Russian forums have to use Russian language (see tips below Russia forum)
• · You should write at least 10 comments before your account is activated (except the Russian forum automatically activated even though the new one post). Until your account is activated, all your comments will not automatically appear in the forum but will be moderated first by the moderators and administrators. So as much as possible, your first 10 comments rather weighty and more than 2 lines.
• · Moderator and international forums administrator stricter than Indonesia forum, so you can not just small talk or just chit-chat in the forums, if you do that you will be immediately banned.
• · When you first create your account, there will be no verification questions as when you create an account on the forums Indonesia. Usually a bit difficult is the forum Nigeria, because the question is about their country, like what the name of their currency, who figures in $ 20 denominations, as well as Russia forum because it is written in Russian. But you do not worry, you can just copy / paste the questions, translate using google translate (specifically Russian forum) and look around on google, there would be the answer. Update! Now the verification easier, please give an answer based on the command given image, if not understand instructions, please copy and paste the command and use google translate.
• · Be Update! Never copy and paste the comment as a whole or only in part, from the same thread and forum or different. You will immediately be banned permanently alias forever.
• · Bonus your post for $ 0.20 per post, even in India and Russia, which is still fairly new give her $ 0.30 per post (greater than Indonesia forums are only $ 0.15 per post).

• · You must have a user id and account instaforex similar to those you use on the forum Indonesia.
• · You can use the help of google translate to help you write English or otherwise help you understand what the forum / thread you are going.
• · The number of posts is very flexible, you are allowed to post more than 40 posts a day as long as you do not violate the existing rules of the forum. Try you no-nonsense and jamming junk / spam, as you will immediately be banned, especially in the Forum India and Russia are still very few threads..

Tips Forum post in Russia

• · Because the language is russian, it is recommended you use the Chrome browser which you can set to translate directly into English / Indonesia (no button upper right corner). But if I own more recommended into English as meaning clearer.
• · You also need google translate to help you translate your post translations of English-Russian.
• · When you see this forum in English / Indonesian, find the forum you understand and begin to write comments, keep it as simple as possible and no ado. Use Google Translate to convert your comment into Russian
• · Do not post too often, give pause, 5 posts such as morning, afternoon and evening 5 posts 10 posts, so admins and moderators can not be suspicious of the language of your comments using the Russian language "a bit odd" is

If you feel this information is helpful to you, as a token of appreciation, you please use this link when you register to the forums Indonesia, or a list of all International forums, or register to the forums India, Russia or register to the forums and fill out the registration as well as to beg fill / let the code referrers (usually automatically included if you use the link above. Or if not please fill in the affiliate code for Forum Indonesia by 29129, 11202 for India Forum, 16311  for the International Forum and 45589 for Russian Forum - or just use my account id as refferals -> truegoa). That is my referrer code and or account id. By making me as your referrer, you are guaranteed not post bonus will be reduced!.

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Forex Scalping Guide - Conclusions

This article is the last part of our guide on how to use scalping techniques to trade forex. If you haven't already, we recommend you read the first part of the series on forex scalping.

Not all traders will do well in scalping, but many can acquire the necessary skills for this strategy by careful practice using a step-by-step approach. As with most other activities, it is better to begin your training at the most basic level and to add upon your gains at each pace to approach perfection.

Controlling your emotions will probably be the first challenge you face as a beginning scalper. It may be difficult to adapt to the violent swings that you will have to deal with routinely, but by avoiding certain time periods, and adjusting your stop-loss order accordingly, there should never be too big a danger in scalping.

We’ll conclude this article by briefly listing the principles which must be adhered to by a committed scalper before consistent profitability is attained.

1. Discipline

Scalping is for disciplined traders. A methodical, even mechanical approach to trading currencies will increase the potential profits of any scalper, and if automation is necessary, there is no logic in delaying it. Acquiring mental discipline may require time and effort, but its beneficial in every aspect of life, and nothing will be lost as you put your trading career in order. If a trade must be closed, it must be closed. If losses need to be taken, they must be. Scalping doesn’t allow the trader much time for vacillation or worry, and whining and complaining have no place in this style. Face the realities and act in accordance: success is just around the corner.

2. Patience

Impatient, or arrogant traders don’t have a stellar future in scalping. Many people have attained great profitability in trading, but only through persistence and determination. It is even more so in scalping, where minuscule profits are expected to combine into sizable gains.

3. Calm

Scalpers need to remain calm in the face of market turmoil, especially those who want to trade directional, trending markets. Without emotional restraint, trading choices will be confused and arbitrary, and that is the least of what can be afforded by a committed scalper. Get used to losses and mistakes. Accustom yourself to mending the errors. And all should be well.

4. Regular Trade Sizes

This is always a necessity in trading, but even more so in scalping. Don’t make the mistake of doubling your trade sizes in response to a chance streak of wins. Don’t blur your vision by entering orders arbitrarily. Be disciplined, and ensure that your trades can be analyzed easily by standardizing your order sizes.

5. Concentration

Scalping can be an intense activity, and a good scalper needs to have a mind which can concentrate effectively on the task at hand for profit. If you’re scalper, make sure that the place and time period during which you’re active in the market is as peaceful and calm as possible. Have the kids sleep or play, let your spouse tend to her own duties. Ensure that you’re not distracted while scalping the forex market.

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Forex Scalping - Criticism and Disadvantages

This article is part of our guide on how to use scalping techniques to trade forex. If you haven't already we recommend you read the first part of series on forex scalping.

Scalping is popular, and profitable for some traders, but it is not without its risks. While trading, many scalpers are similar to marathon runners. They need to capitalize quickly on arising opportunities, and if those opportunities fade, a profitable trade must be a losing one, because a typical scalper will not wait long enough for another opportunity to arise for the same trade. The advantage of this approach lies in the many profit opportunities presented. For a long term trader, even a swing trader, one loss in a trade is by definition a big and important loss. Long term trades require considerable investment in time, and energy before they are profitable, and failure in one is an important setback. The scalper doesn’t suffer from this problem. He can fail in any single trade, regardless of its time or place, and still make a profit if the overall balance of his positions is profitable. This aspect can sometimes reduce stress, and create a more optimistic trading psychology as well.

Yet, short-term trading does not, by any definition, offer the keys to a smooth and risk-free path to great profits. The scalper is playing a game of probability, while the long-term trader is playing the same game with the help of fundamental analysis and strategies. Although each trade is a lot less important for the scalper, in order to profit, he must still succeed in the overwhelming number of his decisions. A scalper will enter and exit his positions while trading a trend, but he still has to make choices about the direction of the main price action. While trading a ranging market, the scalper may not need to make many decisions about directionality, but he has to have a good idea on how long the low volatility environment will last. In other words, discipline and planning are just as important for scalpers, but in a different way in comparison to what is usually experienced by other traders.

In this section we’ll analyze the scalping strategy and discuss some of its disadvantages so that you can trade with calmer, more reasonable expectations while employing it. Our purpose is not contradicting the experiences of successful scalpers, or discouraging those who desire to adopt this method for future profits, but merely to help you recall that the strategy does not offer risk-free, easy trades for beginners or undisciplined individuals.

The “Brokers Hate Scalpers” myth

First of all, let’s consider this venerable myth that has been publicized over the internet on both forums and blogs dedicated to forex trading. The argument of the propagators of this myth goes as follows: “Scalpers take little risk while trading, and are often successful. In order to hedge their positions, forex brokers counter-trade their clients, with the consequence that if a trader makes a profit, the broker, by counter-trading his position, suffers losses. Of course that makes brokers hate scalpers.”

Let’s first state that no forex trader will do himself any good by making real, or imagined enemies of brokers. Regulated brokers are monitored by authorities, and most of the firms in the business are legitimate actors with decent practices. There’s no way of trading the market without brokers (or ECN’s, but they are not used very often, and have their own disadvantages). And there’s no logic or merit in demonizing brokers as crooks or thieves. We, as traders, want to trade the markets, and to do that we need the services of firms which are monitored and regulated by the authorities.

In previous sections we have already discussed how brokers hedge against client losses, and noted that a majority of client positions can be netted out against each other without the broker having to commit any funds. In fact, when such matches can be found, the broker does not even need to pass the buy or sell order client to the bank: all that it must do is matching the order with another customer’s opposing order while pocketing the commission, and assuming zero risk. The problem with scalpers arises because their rapid entry/exit orders make the task of hedging hard for forex brokers with slow servers or outdated software. When they can’t do so, they get nervous, become worried that the scalper is trying to manipulate the system (exploiting latency issues, as they are called), and sooner or later terminate the forex account of the scalping trader.

There are no statistics on the success ratio of scalpers, but there is no reason to assume to their success rate is any different from that of the overall market. Indeed, scalping is a demanding, and somewhat more sophisticated trading style in comparison to day-trading, or swing trading; there is no reason to expect that beginners will do better in scalping in comparison to their performance in these other trading styles.

Our analysis is confirmed by the public statements of many forex brokers present on websites and blogs throughout the web. The majority of established brokers actually have the stated policy of allowing scalpers to open or close positions in as short a time period as they desire. What is more, since scalpers trade much more frequently than regular traders, they are a good source of revenue for any kind of forex broker. No broker with an updated software and platform would be willing to deny scalpers the style which they like most unless he wants shrink his own business.

Is it a good idea to scalp in strongly trending markets?

Many traders favor scalping in strongly trending markets. This approach is defended on the basis of the notion that scalpers thrive in volatility, and that trends cause a great deal of volatility creating many trading opportunities. But is this idea justified on the basis of facts and analysis?

Let’s first remember that while scalping, one misplaced, carelessly created trade can wipe out the gains of tens of successful trades in a short time. A scalper needs consistency above everything else. Discipline in trade sizes, take profit, and stop-loss orders, and a degree of skepticism towards arising opportunities are important components of a successful trading strategy. Let’s ask ourselves, then, which kind of markets offer the best conditions for the implementations of these principles? Would scalpers thrive in strongly trending and volatile markets, or quiet, calm markets where activity is subdued and volatility is low? Naturally, the best conditions will be found in the latter. Calmer markets allow us to exploit small fluctuations over a long time with little risk and good profits. Trending markets move rapidly, with widening and contracting spreads, where exiting a position before it reaches its full potential can be dangerous, and maintaining a calm and composed attitude is an additional problem.

We read online that scalping is best in strongly trending, liquid, volatile markets, and some of us wonder why so many people subscribe to these beliefs. This attitude is present either because the traders who write the articles don’t have that many experiences in scalping or because they use scalping strategies on a trend following scheme. The latter approach is not very useful to beginners, however, because they mostly choose the scalping style to make quick profits without worrying much about analysis or strategy.

Picking up coins from a railroad

Indeed, scalping after news releases, or during very strong, volatile micro-trends can be similar to picking up coins from a railroad for a living. A determined practitioner can create a sizable income from this practice if he is persistent and patient enough, but also takes a small risk that can be extremely costly if it is not properly protected against. What is the risk? Of course, it is that he will be run over by the approaching train of a market shock, and will lose all his profits, and his ability to make any profit in the future as well. Is this a valid negotiation, a compromise? The answer to the question depends on your personality and approach to life in general.

During a trend, the scalper cannot exploit “idle volatility”, or the directionless fluctuations that are often found in ranging markets. Since the market is strongly directional, he has to find a way of identifying the trend and exploiting it with small sized, and numerous orders.

Emotional Pressures

Scalping is probably not the best choice for a beginning trader. The style demands constant attention, concentration, and diligent adherence to principles. The fact that trades are small-sized and quick means that there is a need to be very methodical about trade sizes especially, because irregular sizes will make us blind while trying to determine the performance of our account, and prevent the achievement of a smooth, regularly rising trading account.

For a real scalper, fear is not the main emotional issue, unlike the case with many other types of traders. Since risk in each trade is usually very small, and it is possible to stop and exit any position without much trouble, there is little danger of the account being wiped-out or greatly reduced as a result of any single trade. Yet, the major emotional issue faced by scalpers is overtrading and agitation.

Scalping requires patience. The trader must open many positions in the course of a single hour on an ordinary day, and at times, the slow accumulation of profits can be very frustrating. The trader may regret that he’s spending so much time trying to profit from minute price fluctuations. He may feel dismayed that so much effort bears so little fruit. Many other factors can lead to dissatisfaction and unhappiness which can cause the trader to enter an agitated state of mind. And yet, agitation is the worst enemy of a scalper. His finger must press the right buttons on the screen, must enter the correct prices, and place the proper decisions many times during the trading hours, and an uneasy, nervous mind will be prone to making many errors. A nervous mind will make the scalper feel like he’s fighting the markets, and lead to many unjustified and deleterious trading decisions.

The scalper must know where to stop, and yet if he’s nervous, he’ll be unable to stop. Overtrading, based on the belief that the next trade will be the successful one “since one’s luck can’t go wrong so often” may quickly erode the account balance of any trader, and it’s especially dangerous for the scalping strategy. It is on the whole a good idea to suspend scalping activity if you’re feeling that the emotional burden of scalping is too much for you at any time. Do not fight yourself, or the market, but stop trading for a while. It is certainly better than losing your wits trying to profit by battling the market, in other words, trying to improve by worsening your condition.

Getting rich, or enriching the broker?

The scalper is running against time in his dealings with the broker. He will make profits, suffer losses, open and close positions with different scenarios in mind, but in all that while he will still be paying the broker his due in the spread. Regardless of the size of profits or losses, the broker’s share must be paid, and the trader has to earn at least that much to make sure that his account is not bleeding money.

The broker’s fee in the spreads is almost negligible when trading on a long term basis. A 3-pip spread cost is insignificant for a trader who makes 50-60 pip profit in trading, or even more in positions held over even a longer time. But the scalper’s profits are usually much smaller, in many cases closer to 5-10 pips for a competent person, and the spread is anywhere between 30 to 50 percent of the gains.

Any scalper should keep a list of his trades which shows his actual gains, losses, and the amount that is paid to the broker. If the cost of the spread is about twice as big as the profits of trading, it is a good idea to change the trading strategy used, or to change the broker and open an account with another one which requires lower spreads. If average profit in pips is equal to the spread, our trade record can be improved, and better profits are possible. In the unusual case that the scalper’s profits are a lot larger than the spread it is time to add funds to the account, or perhaps increase leverage gradually.

Traders need not be worried when the broker is making good profits. As long as the relationship is reciprocal, there is no harm in seeing the broker making gains which are even more sizable than what is achieved by the trader. The threshold is profitability. As long as we are gaining from activity, there’s no reason to be worried about the fact that the broker is also benefiting from the relationship.

Clustering Illusion

Let’s conclude this part by briefly discussing the dangers posed by faulty interpretation of data. Sadly, many beginning scalpers still evaluate their results on the basis of some ethereal concept termed luck. In a string of wins, good luck is thought to be the causal agent, while a strong of losses makes us think that we have no luck on that day. Since many believe that one cannot have bad luck continuously, there’s a tendency to expect profits soon after a string of losses, and vice versa. Since individual results in short term trading are random, there is no justification for this reasoning, and at least as far as mathematics is concerned, a gain or a loss are equally likely even after a string of ten or twenty gains or profits in a raw.

The other issue which traders must grapple with while evaluating their results is the clustering illusion. In this case, traders will see “order” in a string of random data (such as a list of scalping trade results). After seeing a string of, let’s say, five wins, they will begin to assume that this time their strategy makes wins more likely, and in response they will increase trade sizes, with often disastrous results.

In order to achieve profitability and a degree of safety in scalping it is extremely important that consistency in trade sizes be maintained. If you make small profits with ten 1 lot scalps, and occasionally decide to throw in 3, 2 lot trades where you feel you’re doing well, you’re taking the risk of never going beyond breakeven, in the best case scenario. Make sure that you don’t get deluded by luck, or the clustering illusion to randomize your trade sizes. You can instead use methods like the z-score to see if the win-loss streaks of your scalping strategies are any different from random results.

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