10 TIPS FOR FX BEGINNERS. A short guide to make your trading run like clockwork

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Marshall Carroll
6 years ago
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1 10 TIPS FOR FX BEGINNERS A short guide to make your trading run like clockwork

2 1. SELECT THE RIGHT PARTNER It s critical to select the right trading partner as you engage the Forex market. GFT Markets, a worldwide leader in Forex trading, offers you the very best in customer service and a vast library of educational resources at your fingertips. Pair that with competitive spreads and outstanding execution, and choosing the right broker just got a whole lot easier. Questions about Forex? Let GFT Markets award-winning Customer Service Representatives answer your trading questions and set you up with an account and trading tools to meet your needs. Contact Customer Services at or open a Live Text Chat now!

3 2. LEARN THE market 3. MAKE A PLAN AND STICK TO IT We can t overstate the importance of educating yourself on the Forex market. Take the time to study Forex and learn the intricacies of trading before risking real capital. But where to begin? There is a plethora of trading resources out there to choose from. Wouldn t it be great if there was an educational destination that provided the brightest and best to help you learn the markets? It turns out GFT Markets has unrivaled trading tools and educational support to help you do just that! Put the extensive knowledge of the GFT Markets Research Team to work for you. Creating a trading plan is a critical component of successful FX trading. It should include your profit goals, risk-tolerance level, methodology and evaluation criteria. Once you have a plan in place, make sure each trade you consider falls within your plan s parameters because you re most rational before you place your trade and most irrational once your trade is live. Need more information about a trading plan? Or want to learn how we can help to create a trading plan that suits your needs? Why not connect with our award-winning Customer Service team. Click here to access on-demand videos, free guides, and live webinars to help you navigate the Forex market. Contact Customer Services at or open a Live Text Chat now!

4. PRACTICE We can t give you a permit to trade, but we can help you get plenty of practice. Put your trading plan to work in real market conditions with a risk-free FX practice account.

4 4. PRACTICE We can t give you a permit to trade, but we can help you get plenty of practice. Put your trading plan to work in real market conditions with a risk-free FX practice account. You ll get a chance to see what it s like to trade in real market conditions, while also taking your trading plan for a test drive without risking your capital. GFT offers free, no- risk practice accounts so you can get a feel for the markets and our trading platforms. A demo account allows you to test drive your trading strategy without risking real capital Click here to get your free FX demo account, and start practicing today!

5. KNOW THE WEATHER CONDITIONS Good traders are always aware of the market conditions when placing a trade. Fundamental traders prefer to trade based on news and other financial and political data.

5 5. KNOW THE WEATHER CONDITIONS Good traders are always aware of the market conditions when placing a trade. Fundamental traders prefer to trade based on news and other financial and political data. Technical traders prefer technical analysis tools such as Fibonacci retracements and other indicators to forecast market movements. Some traders use a combination of the two. No matter what your style, it s important to know how to use technical and fundamental tools to help you find potentially profitable trades. DISCOVER OUR TRADING TOOLS Explore a variety of fundamental and technical trading tools to inform your trading decisions on our website Click here

6 6. KNOW YOUR LIMITS It s a critical aspect of smart trading: Know your limits. Know how much you are willing to risk on each trade. Know how to set your leverage ratio in accordance with your needs and expectations, keeping in mind that leverage can both help and hurt you, and never risk more than you can afford to lose. Learn to manage the size of your positions and how much leverage to use based on your trading goals. And always make sure you have enough capital to trade another day. Trading is a skill and requires practice. GFT Markets Customer Service can help get you moving in the right direction. Forex and CFD Trading involve high risks, with the potential for substantial losses and is not suitable for all persons. The high degree of leverage can work against you as well as for you. Past performance is not necessarily indicative of future results. Contact Customer Services at or open a Live Text Chat now!

7 7. know WHERE TO STOP ALONG THE WAY Stop and limit orders can help manage risk and protect potential profits by helping you get in or out of the market at specified prices. With GFT you can place trailing stops, which trail your position at a specific distance as it moves, helping to protect any profits should the market reverse. Questions about risk management or developing a trading plan? SPEAK TO OUR CUSTOMER SERVICEs TEAM. Slippage on all stop orders is possible during times when GFT Markets is closed, around fundamental announcements, and times of extreme market volatility. Slippage relates to orders being filled at a price which is worse than the stop price requested by the customer. *Most order types are subject to slippage. Learn more about risk management Check out our Videos and Tutorials! Contact Customer Services at or open a Live Text Chat now!

8. CHECK YOUR EMOTIONS AT THE DOOR Revenge trading rarely ends well. Don t let emotion get in the way of successful trading. 9. SLOW & STEADY One key to trading is being consistent.

8 8. CHECK YOUR EMOTIONS AT THE DOOR Revenge trading rarely ends well. Don t let emotion get in the way of successful trading. 9. SLOW & STEADY One key to trading is being consistent. All great traders have lost money, but as long as they maintain a positive edge, they may still come out a winner. Educate yourself, stick to your trading plan, manage your risk and practice discipline and patience. How do you overcome emotion? Understand your tendencies and personality traits so you can combat your weaknesses and maximise your strengths more effectively. Stick with your strategy. When you have a losing trade, don t go all-in to try to make it all back in one shot. It s smarter to make it back a little at a time rather than being stuck with two crippling losses.. Contact Customer Services at or open a Live Text Chat now!

9 10. NEVER BE AFRAID TO EXPLORE A NEW PATH Although consistency is important, don t be afraid to re-evaluate your trading plan if it s not working for you. As your experience grows, your needs may change. Your plan should be a reflection of your goals. If your goals or financial situation changes, so should your plan. We re here 24/7, and always ready to answer your trading questions. We look forward to hearing from you! GFT Markets ready to get started? Open a FX demo or a live account today! Or feel free to contact us on or via Live Text Chat Now!

10 NOW YOU VE READ THE GUIDE, WHY NOT OPEN AN ACCOUNT? or open a demo account and get started GFTASIA.COM Live chat 24/ Toll free Fax THE TOOLS THE TRADES THE TRUST IMPORTANT NOTE: This information is made available to you by or for GFT Global Markets Asia Pte Ltd (also known as GFT Markets ) (Unique Entity Number N). The contents hereof is available or accessible for informational purposes only and is not to be regarded as an offer or a solicitation to deal in any investment product or to enter into any legal relations, nor an advice or a recommendation with respect to such investment product. The information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions. GFT is merely providing this information for your general information and the information does not take into account any particular individual s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision based upon any information contained within. Trading of foreign exchange contracts and other investment products, which are leveraged, can carry a high level of risk, and may not be suitable for all investors. It is possible to lose more than the initial investment Global Futures & Forex, Ltd. All rights reserved. CD04S

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