You Need To Watch Out This Things In Forex Market
You must follow the instructions that will be announced that day before you involve. It can be very risky to operate without data disclosure where the market is very important and very hard movements are observed. When the data arrives and you are back in the first part of the page can be seen in the reverse order, so you have to be cautious about the transaction.
Make absolutely sure of all profits and profit stopping levels in all your transactions. Especially if you do not close your position on the same day, take profits and stop the damage will be the savior for you.
Pay Attention To Parity You Trade
Determine the level of profit and loss stop according to the parity you are trading. For example, GBP / USD and USD / TRY can be a bit larger, as there are parallels where you see hard movements during the day.
Open positions with a maximum of 10 percent of the collateral you deposit. Remember that the leverage used in the Forex Market at a rate of 1/100 can also cause you to experience high losses as well as high profits.
Stability In Success
Do not aim to make a profit at a high position with an open position; what is important is the stability in your success. For this reason, take your head at the level you set and close your position. If it is small, closing the transaction with profit will give you motivation. If you open a sales position in the short-term declines that lived in the upside of the parity in the data after the data will be lost again. Many investors are likely to work in these positions because they open trading or buying positions according to technical levels.