7 tips of Forex trading that will help you gain a high profit.

2. DO YOU WANT TO REACH SUCCESS IN FOREX MARKET
AND GAIN INCREDIBLY HUGE PROFIT ?
THE FOLLOWI NG TI PS ARE FOR YOU

3. 1. FIND A RELIABLE BROKER
 CAREFULLY SCRUTINIZE THE BROKERAGE COMPANY YOU WANT TO
COLLABORATE WITH
 NOTE THAT SOME CONSIDERABLE PART OF YOUR SUCCESS
DEPENDS ON YOUR BROKER
 FIND A REAL BROKER WHO CARES ABOUT YOUR INTERESTS AND GIVES
YOU USEFUL ADVICE

4. 2. FIND BEST HOURS OF TRADE
FOREX MARKET WORKS AROUND THE CLOCK, HOWEVER THE EXTENT OF
YOUR PROFIT DEPENDS ON THE HOURS YOU TRADE.
 TRADE AT TIMES WHEN THE MARKET IS GOING UP OR DOWN, AS
IN SUCH CASES YOUR CHANCES TO MAKE A CONSIDERABLY HIGH
PROFIT ARE GREATER
 WHEN THE MARKET IS STABLE STAY CALM AND DO NOT BE
ENGAGED IN TRADING ACTIVITIES.

5. 3. FIND THE MOST ACTIVE
TRADING DAYS OF THE WEEK
FOREX MARKET OPERATES 5 DAYS A WEEK, HOWEVER NOT ALL THE DAYS MAY TURN
OUT TO BE HIGHLY PROFITABLE
 RESEARCH HAS SHOWN THAT FOREX MARKET IS AT ITS GREATEST
MOVEMENT ON TUESDAY AND WEDNESDAY
 FRIDAY IS ALSO GOOD FOR TRADING BUT TILL NOON, SINCE IT’S THE LAST
WORKING DAY OF WEEK AND THERE MAY BE CHAOTIC MOVEMENT IN THE
MARKET.

6. 4. FOLLOW ECONOMIC AND
FINANCIAL NEWS
 NOTE THAT EACH CHANGE MAY HAVE UNEXPECTED
CONSEQUENCES ON CURRENCY PRICES
UNEMPLOYMENT RATE, INFLATION, ECONOMIC GROWTH, ELECTIONS, CHANGE IN
GOVERNMENT AND OTHER FUNDAMENTAL FACTORS HAVE THEIR DIRECT INFLUENCE ON
CURRENCY PRICES.

7. 5. USE TECHNICAL AND
FUNDAMENTAL ANALYSIS
 Fundamental analysis is a way of Forex analysis which is based on the
economic, social, and political forces that have great influence on the
supply and demand of an asset.
 The basis of technical analysis is the study of historical price
movement.
Its main aim is to forecast future price movements by means of
mathematical analysis of past price actions.
Market history repeats itself, suggesting that currency prices are likely to
respond in direction and manner similar to that of in the past.

8. 6.USE CHART PATTERNS
FOREX MARKETS ARE STUDIED THROUGH THE USE OF CHARTS THAT INDICATE
MARKET PRICES OVER A PERIOD OF TIME.
 USE THE CHARTS IN ORDER TO STUDY PAST PATTERNS OF PRICE
MOVEMENT

9. 7. DO WHAT YOU
UNDERSTAND
 AVOID DOING THINGS IN WHICH YOU ARE NOT SURE
 TRY NOT TO FOLLOW RUMORS AND HEARSAY
 ACT WHEN YOU ARE SELF-CONFIDENT, WHEN YOU ESTIMATE BOTH THE
POSITIVE CONSEQUENCES, AND THE ADVERSE RESULTS OF YOUR TRADE

10. REMEMBER THAT NOTHING IS IMPOSSIBLE IN LIFE AND THAT
YOU HAVE ALL THE OPPORTUNITIES OF BECOMING ONE OF THE
MOST SUCCESSFUL TRADERS IN THE FINANCIAL MARKET.

11. BE IN TOUCH
THANKS FOR ATTENTION
BEST REGARDS;
IFC MARKETS