We have created our own trading principals to trade forex in general. This business is very risky and it is easy to loose your money in short time during the trading hours if you are not experienced well to know the trends.
Recently, the forex business has shown up on the net as online trading, many new traders have involved in forex trading without experiances, this way has ended them to be as gamblers more than traders and money makers.
Many of them has lost most of their capitals in short time.
Lack of experience (Confusing) + high margin trades (Mad trades) + small amount of deposits = lost
I have been in this forex business since 1993. I have started with no experience and went through many times of loses during the first couple of years until I have trained my self and avoid my mistakes by creating new methods and rules which has minimized the risk as much as it could be.
I have to use all these years of experience in forex to make up my own rules and methods to secure the traded capitals in this risky business, the rules and methods are:
Rule 1- you have to know what is forex business structure and how to trade forex using the platforms, also how to calculate the currency pips and how much the value of each pip in US dollars out of each currency pare, then you will have to be able to calculate your profits and your losses, these information can be in a simple forex course in any forex house
Rule 2- You have to know how to take the trading decision, when to buy or short and when to save your trade by using the risk management, also what to trade and how to calculate the target of the trade and when to take your profits and how to avoid mad trades??!! All these important questions need you to know how to predict the market direction right? All these practical steps and prediction methods I am teaching them in very special course.
Rule 3- How to choose your broker house or forex company or bank to trade your money? You have to look for 3 things:
A- Regulated forex company; means it is legally registered under one of the financial authorities all over the world who are controling the company to follow up the safty rules and its behavior with respect to the financial rules
B- The currency spreads between bid and ask prices, how far it is widen during the rush time or overnight or when you ask for live quotes? It will be better to choose the lowest spreads and real time quotes also, we have to examine them during the live account only
C- The time frames reference for the charts is better to be more close to your local time, this will help you to follow up the real time scale bars of the traded instrument. This will help your technical analysis goes more accurate.
I have created my own forex company SS Forex Ltd to set up the trades under the written rules.Go hear to open account with SS Forex = Sami Saydam Forex Ltd
Rule 4- Use the easy trading platforms were provided by the forex company. I recommend Meta trader 4 platform because you can fix your trading strategy in the form of auto trader or called Expert Advisor also high number of forex trading communities and contests are using the platform, therefore, traders and forums are mostly talking and advising on this platform
Rule 5- DO NOT USE MORE THAN 3 times over your money in margin. We have created Islamic trading methods in SS Forex Ltd were it can forbidden to use any margin in the trading and this is what I strongly recommend
Rule 6- You have to choose your forex manager if you know how to trade but if you do not know the right and successful decisions to trade and make profits. Therefore, SS Forex has hired its own trading manager ready for SS Forex clients to trade in their behalf under signed power of attorney. Vip-Gold has built up their own trading strategy and programmed it into form of auto trader called Vip-Gold expert advisor to trade for SS Forex clients under power of attorney; It cost them 25% out of their monthly profits only
Rule 7- SS Forex Ltd has created the rebate commission system to insure monthly constant income for our clients out of the trades. This system will share the income commissions and rebates with the client. This new monthly income will be as added value to the traded account when it needs it
I hope all of the above new rules and methods are quite enough to create safety forex and better trading environment to gain profits instead of losses.
ألترجمة بالعربية
في أي بي – جولد & أس أس فوركس
Vip-Gold & SS Forex
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