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How to become a successful trader in the Forex market

   How to become a successful trader in the Forex market

A trader is a person who trades on the Forex market

To become a successful trader, you need to conduct market analysis. There are two types of analysis: technical and fundamental. Underlying analysis involves monitoring economic and political processes occurring in individual countries and in the world as a whole. Technical analysis is an analysis of the charts and other indicators of the trading platform.

Without fundamental and technical analysis work on Forex can become a failure, it will look like a lottery, and not all will win the lottery. It is necessary to understand that guaranteeing success in the Forex market is impossible. A trader risks in any case by investing his savings. The fact is that it is impossible to predict with or increase, because the structure of the currency market is extremely complex. There are many factors that can affect the exchange rate, falling or rising prices for precious metals, and so on. Even the most experienced traders sometimes lose.

A successful trader will help cfd broker, which allows you to enter the market and test demo account strategies. With a clear, well-designed strategy, it is much easier to achieve the tasks. Today you can find an optimal strategy for yourself using the Internet. There are many systems that are developed by professionals. When choosing a strategy, factors such as capital size, time, etc. should be taken into account.

A trader in making decisions should not be guided by emotions alone. Unfortunately, gambling and emotions have ruined a large number of promising traders. Here you need a sober look at the situation, you can not rely on "alright" and try to play quickly. It is necessary to act in a consistent way, arguing its next step by concrete facts.

In order to become a successful trader who is not afraid of inflation and other economic phenomena, it is necessary to work a lot in this direction and the income will not force itself to wait.

THE OFFERS CLOSED TO THE CASTLE

The Central Bank of Cyprus has ordered local credit institutions to close accounts of offshore companies that are established in low-tax jurisdictions. It is primarily about such popular "destinations" as the Seychelles, Belize and the British Virgin Islands.

According to the new requirements, it is necessary to fully justify sources of funds of final beneficiaries. Local banks began to close similar accounts from June 4th. It is possible that this happened under the pressure of Washington: in May, officials of the US Department of Finance met with the top management of the Central Bank of Cyprus. A similar situation was observed in Latvia, which resulted in the closure of the Latvian bank ABLV. What are the issues with offshore companies now? - News.ru has found out.

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