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How can one do well in foreign trading according to your experiences?

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Question added by Salah Hamed , Web Video Producer , Android basha
Date Posted: 2013/10/29
Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Foreign trading is very risky specially when you are not fully aware about the economic conditions of the country you bare dealing with. One can list down some points and follow them such as :

a)Choose a methodology

b)Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit.

c)Learn to manage risk.

d)Choose a broker with whom you feel comfortable.

e) Each type of trading style requires a different approach and each style has a different risk profile, which requires a different attitude and approach to trade successfully.

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