Forex Trading Guide: Trade Forex Now With These Top Trading Tips

SINGAPORE, March 30, 2012 /PRNewswire/ --

Foreign exchange, also known as forex or simply FX, is one of the most popular financial markets due to its attractive opportunities available to savvy traders, even during volatile market conditions.

This easy-to-follow guide is an ideal reference point for new traders looking to enter or starting to trade the forex market.

Using these forex trading tips, we focus on the professional and downloadable trading platform from IFX.

Research & Analysis

Learn how to use technical and fundamental analysis tools, before you place a trade. This will allow you to limit your risk and trade more effectively through greater knowledge of how factors that can affect a market's price movement.

Trading Plan & Tools

Fortunately, there are a number of leading trading platforms to help you to achieve more consistent trading results, one of which is the Advantage Trader platform; developed by IFX.

Advantage Trader can be downloaded and aims to provide you with the convenience of rapid and accurate analysis, whilst allowing you to benefit from multiple professional features, including real-time price feeds and multiple time frame analysis to uncover potential future market directions - as mentioned above in the Research & Analysis section.

The IFX Advantage Trader FX Platform allows you to customise:

• Platform layouts
• Charting packages
• Price Alerts
  

Whilst also offering access to:

• Advanced drawing tools
• Risk management tools 
• 100+ advanced technical indicator packages
• Deal Thru Charts 

You can also create your own trading strategies - whilst utilising over 100 built in strategies - whilst also enabling the IFX Auto Trading technology.

Managing Risk

Stop and limit orders can help you manage risk and protect potential profits by helping you get in or out of the market at specified prices.

Discipline

Not every trade you make will be successful. In a losing situation, it is easy to let losses accumulate in the hope that prices will turn around.

Experienced traders tend to cut their losses quickly and run their profits to a level they expect the market to reach, using their trading strategy and trading plans to help enforce these rules.

Summary

Forex trading involves substantial risk of loss and is not suitable for some investors.

Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits.

About City Index:

Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

IFX is a trading name of City Index Asia Pte Limited. City Index is a leading global provider of margined foreign exchange, CFD trading and in the UK, spread betting. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. To learn more visit: http://www.cityindex.com.sg/

SOURCE IFX Singapore