Top tips for beginners Forex Novice traders, and just random people who wandered the site of any broker or dealing center, often ask themselves: - And whether you can make money in stocks or currencies, without having enough experience? - And how many successful traders earn? - And what a chance to cash in on the first deal and not lose the entire deposit? Let's try in this article shed light on some common questions and dispel common misconceptions beginners. For greater clarity and revealing article is based on the specific numbers and everything is explained in terms of examples of transactions. Suppose you are a man, far from currency speculation, listening to the exchange rates, we decided to try their hand at trading the currency market (forex). With a little force on the Internet you can find a lot of diverse information on the subject. You can find a obschepoznovatelnye texts, and specific recommendations for market conduct, which includes advice on what time and which currency to buy / sell. Not having any knowledge, is your chance to capitalize on this market is estimated 50/50. This is significantly higher than in any lottery or sweepstakes! To explain this very simply: the currency can only increase in price or cheaper, or. That is, when making any transaction without the analysis and experience you have with a probability of 50% will make a profitable deal. In other words we can say that every other transaction to be profitable. Now imagine that you have, the basic knowledge and skills enable you to make profitable trades than 5 out of 10 (this generally does not require any knowledge), and six out of ten. You decide to invest in the work of the foreign exchange market 5000 USD. But to invest in real trading you are willing to only 1,000 USD, and the remaining amount will serve as an additional insured guarantee. So, you have defined for themselves the greatest possible loss in a month. Now it is necessary to determine the objectives of the work. Successful in the foreign exchange market (forex) is the one trader who consistently earns 10-20% of foreign currency transactions on a monthly basis. We assign a goal to earn less. We translate our virtual interest in dollars and get the goal is 5000 * 0.10 = $ 500 per month. Since on average one point equals $ 10, then a month to earn 50 points. Is it much or little? On average, the currency pair during the day makes oscillatory motion at a rate of 100 points, respectively, over the last month and 100 * 20 (days) = 2000 points, of which we have only 50. At one point, all contractual formalities are completed, the broker is selected, and you start the real work. For convenience, we take that in a month is made 10 trades, of which, thanks to some of the available knowledge and information you have six winning and losing 4 (your knowledge and ability to provide you good luck in 50% of 10% of cases). Since the beginning we set ourselves the maximum possible loss per month in 1000 USD, the average loss for each transaction (if you follow our rules) may not exceed 250 USD or 25 points. For greater credibility will take a value equal to the average gain is also $ 250, or 25 points. When we are considering option, you will earn per month exactly 500 USD. (* 4 deals - 250 USD + 6 deals * 250 USD). That is absolutely real, with $ 5,000 in the account to earn $ 500 every month, while risking only $ 1,000. Making a larger number of transactions (in terms of keeping that 6 out of 10 profitable trades), you can earn more. With the growth of your qualifications as a currency trader, winning percentage will also rise, which in turn will generate additional income.