How to get profit in Forex Trading? #1

Okay, so you are now a forex trader, perhaps a beginner one. You want to get profit from forex trading as soon as possible, and - of course - as big as possible. Can it be done? How to get profit (especially the BIG one) in forex trading?

Well, my friend, that is the one-million question (or perhaps, ONE BILLION QUESTION).

Forex Tips and Tricks: Stop Loss and Take Profit

How much STOP LOSS and TAKE PROFIT point are? Hm, this is a difficult question to answer. I belive there is no 100% correct answer for this.

Forex Tips and Tricks: Be Disipline!

Plan your trading for today:
   Maximum profit: xxx points (setting "TAKE PROFIT" point)
   Maximum loss:   xxx points (setting "STOP LOSS" point)
and STICK WITH IT!

Disipline in forex trading is the hardest part of all! A lot of temptation that can drive you away from your plan.

Forex Tips and Tricks: Always close your position in the same day!

I always suggest daily forex trading. Meaning, you open and close position in the same day, no matter you gain profit or loss. It is called short-term forex trading. The reason for doing this is to avoid paying interest. Popular currency pairs (such as EURUSD) will charge an overnight interest if you leave open positions. Besides, open position (especially when you are losing), can really darken your day and effectively change your daily mood. Unless you have a substansial amount of money, say 10times from standard USD 10.000, always close your position in the same day!