Start trading in Forex market can bring both profits and losses. To better understand the trading, you need to be aware of the key points of the trading exchange. You do not need to be a financier, although financial education is welcome.

The main thing that needs to be understood is the definition of entry and exit from a position. This is an important aspect to prevent interest losses with a stop-loss order, as well as to increase interest earnings on the exchange. There are several ways to take the right and advantageous position.

Main principles:

• economy news;

• significant events in the global economy;

• combination of technical indicators.

All this will help in determining a good option position for entering or exiting a trade. You should not delay when you wait with an open position in margin trading, since each position can limit the trader in subsequent trading. It is important to remember that gaps of good or bad positions are possible at the discretion.

Do not forget that the Forex market is not always stable, but rather chaotic. Because of this, the choice of position remains the most important part of the trade.

If you take a small position with any currency on the market in real time - this is considered as an intraday rate. This says that the conditions of resistance / support of this position are accepted. This position will need to be closed, as over time it may become unpredictable. The market will change quite chaotically from the moment you open the deal.

Then you need to follow all the news of the market and technical indicators, so as not to miss the opportunity to correct or close a position at a favorable moment. In such a transaction need to tighten loss / profit limits on the expiration of the time.

Often, traders use the medium-term position (2-5 days), and by all means reduce the stop loss order to 15 - 30 points every day. There is a need to track global economic news to reduce stop losses at a time when it hurts market positions. When revenues are high, you need to move the stop loss to the exit point.

So, you need to find a level of balance between caution and greed. The longer your position remains on the market, the more its profitability weakens and the higher the loss reduction. One should also remember about the caution of the unpredictable market process, be careful with the exit order, even with a profitable position that makes a profit.

Every trader must have their own strategy. Regardless of your experience, you should develop new habits and always follow the news in a narrow information field. Thanks to these aspects of trading, a trader can always improve his results in the Forex trading space.