Hey, friends, it’s John Foster. This article will be dedicated to those people who are completely new with trading and exchanges, having no knowledge. Most experienced traders are to consider this material unnecessary, but I can’t say so. I receive more and more letters with requests to simply explain how all that stuff actually works, because one doesn’t even know anything about the trend, brokers, timeframes and so forth. There are myriads of articles about trading on the net, but almost none of them can help a newbie, sort everything out and start practicing gotten known how to trade. So, I’ve created the “Dummies’ Trading Encyclopedia”!
Firstly, choose a broker and open your account there. Lots of information about brokers can be found on our site, after that - just register! Most companies require your name, e-mail, phone number and password. The number is needed for a manager to call you, explain everything and answer your questions.
I recommend opening 200$+ start accounts - your trading will be more comfortable this way. You'll be able to to double your bet and never lose all your money with several fails in a row.
Usually, more or less experienced traders define the trend visually. If you can't, build a trend line, as it is in the image below. If it goes down - it's the downtrend, up - the uptrend, and if it goes horizontally - it is flat.
When a trend is estimated, the trend line is still needed. If the chart goes up, build the line at minimums, down - at maximums.
If you are a novice and can't create your own strategy, or don't understand those for pros, then here you are! The list of the simplest and most profitable strategies:
Even more strategies you can get when subscribed - just fill out the form to the right.
There are lots of factors, but here are the essentials:
Be advised: never a one strategy can concern all factors, so you can't be 100%-sure than a signal will work. It's a myth that any professional trader know where a price will go. There are some points of entrance - only that moments are for trading.
I am John Foster, trading since my 35, working with forex and option exchange. You can read my story on this website. Now, my main goal is let you know how to trade, tell you about advantages of the exchange, and thus, create several more stories of success.
This website tells you how to trade at forex and the option exchange. Here, you'll find trading strategies, best brokers reviews, and much new and exciting about trading. Furthermore, we periodically publish stories of my apprentices' and friends' success, whose main objective is to motivate you. A motivated person is mighty, right?
Options have appeared relatively recently, in contrast to forex and stock exchange. At latter ones, you trade with real assets, buying and selling them, and at the former one - you just call or put. It's a lot easier and clearer. You don't need to drill analytical info, combine indicators, think about where to set StopLosses and TakeProfits. Just buy an option and wait for profits. That's why more people start trading with options, not with forex.
There are many kinds, though, the most comprehensive is the one called binary options. We buy Call or Put, if right, taking profits, wrong - losing. Binary options are differed in timeframes. This timeframe defines how long does an order last and when it's closed. There are turbo-options of 15, 30 or 60 seconds; middle-term (5 mins to 1 hour); long-term (more than 1 hour). I haven't seen any 1-day-long options, or longer, because traders don't use this timeframe usually. But if you like such kind of trading, pay attention to forex.
Actually, that's it. If you're interested in option exchange, forex, and want to learn how to trade, study materials of this website and subscribe!
Best Regards, John Foster.
P.S.: This article is not full and cannot give all info about trading. Feel free to ask questions in comments below, if something is unclear.
for binary options
|Moving Averages:||Buy (10) Sell (2)|
|Indicators:||Buy (8) Sell (1)|