Tips From Professional Forex Traders

I have provided here a summary of Tips from Professional Traders (for Short-term trading):

1) Watch your stats all the time when trading. Most of the people spend all days on forex markets trying to make some money, but it is very difficult to follow market for a long time. The approximate number of hours that one should spend in trading is at least 1 to 2 hours. I personally trade less than an hour. Like what I told you, I trade only in minutes. As I don't have much time to study Forex in-depth, I close my trade when I got few profits. I will try to get more serious in trading when I got more free time. As of now, I rely on Forex Killer on making decisions when to buy or sell.

2) Using Forex Killer Software. Run the Forex Meta, then get the data for 15 minutes, then SAVE it. Run the Forex Killer, then LOAD the file that you have saved from Forex Meta. It is important to use the same time frame (Parameters). If you got the BUY/SELL Signal, just do what has been told. Now, watch your trade. As long as the currency you have bought keeps on growing, then, do nothing. Once it stopped or goes on the other direction of what you want to be, then close the trade.

It is extremely important at what time you trade. The best time is 9-11am (GMT -5) because there are so many investors around and the market seems to be so friendly, especially for beginners. It means that it is easier to make money by this time. I have provided a TIME (on the upper-right portion of this page) that will serve as basis of 9-11am. This will be helpful for you if you are on different part of the world.

With Forex Killer, forget about the Long-term Signal. They are the best way to freeze your funds when you can actually make some money in the meantime. Forex Market is the best place to make some quick money. Within a couple of hours, one can make several transactions.

The best way is to open an account, say $100, $300, or $500, then re-invest all the profits that you got. It will take some time to make serious money but with your persistence, it is possible.

An example of how much capital you need in ratio to profit for 1 trade:

Deposit: $10,000 ----> Average Profit: $150 - $200 ------> 1 Trade Only

You can trade once, twice, or as many as you can within a day. However it doesn't make sense to trade longer than 2 hours as you may get bored and try to make some money quicker.

Just do the maths. So, if you trade twice, you can even have $300 within a day. Not bad? It's so good! However, if by this time, you don't have that $10,000 as capital, just do the ratio and proportion. Remove the zeros of the figures. More or less, that's the average profit that you may get.

There are times that it is even possible to have a profit of $400. However, you will be able to get it if you are more aggressive.

Forex Softwares are there to back-up our confidence in trading by giving signals. However, you are the one to decide in trading, so be responsible on watching your trade.

3) Using Forex Killer. Trade only when you got the signal of 70% or more. Personally, I trade when both Short-Term and Long-Term signal goes on both direction. I am more at ease with that. Trading at peak hours on the market, getting 70% signal on both short-term and long-term is possible.

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