First time to Play Forex
First time to Play Forex
I’ve been studying and playing forex in the past week for fun (not using real cash). So Yesterday I tried to play Forex in real money what I learned in playing for fun introduce me on what to do on a certain scenarious like buying at a certain point and then closing it if I earned more than a $2-3. Im currently playing in small amounts of money were talking of $25 only and I am also playing it safe so I set to stop lost when I am on -$15. Its a heart pounding experience becuase it is the real thing. I won $15 yesterday I’ll try it again later tonight. My playing style is that when I earned $2-3 I’ll close immediately. Then wait again for a drop in buying rate or when theres a market trend that goes up then buy again and if it earned $3 again then close.
Earning $2 at a time is a good strategy for me and I’ll keep on doing this again and again.
Forex Playing Tip based on my experience1. You must not just buy/close immediately, its safe to do that so that you’ll earn little by little or lose little by little, however if you plan to play Forex, Try to read the graph, for example if current buying rate is on 1.005 and based on graph 1.003 is the lowest buying rate we can now buy it and wait till it gets +4 or +5 increments then close..
2. You must play with your mind and not with your heart, dont get too much excited. Excitement may lead to wrong decision when buying/selling.
3. You must have a plan/goal for the day, for example your goal for the day is to win $15, after getting that goal you should stop. Dont get too greedy or you might ended up losing on the next turn 
I’ll try to play it again and I hope to win another $15 today.
I’ll keep you posted.
June 20th, 2008 at 8:13 am
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