BASIC PRINCIPLES OF FOREX

RULE FOR OPENING POSITIONS:

Open a position only if you have one primary and at least one confirming signals.


The following points should be taken into consideration:

  1. Market entry price.

  2. The price you are ready to close for gaining profit.

  3. The price at which you shall close upon receiving a loss.

  4. The estimated time during which you are willing to maintain an open position.

  5. Market trend.

  6. Formation of patterns.

PARTIAL CLOSURE OF TRADING POSITIONS

The position should only be supported if the analysis confirms earlier findings.


It is possible to partially close an open position when:

  1. Your loss exceeds expected results.

  2. The profit level (take profit) of the currently selected order has been reached.

  3. Loss is less than expected.

  4. If the price remains at the same level.

Rules for closing positions:


  1. When the estimated time expires.

  2. When receiving estimated earnings.

  3. When receiving estimated losses.

  4. For the achievement of maximum profit.

HOW TO BE A TRADER?

We invite you to meet Mekness investment world. You can follow the steps below to be an online investor with us.

  • You can fill the free demo account form on the side to open an unreal account and try the market without any risk.

  • You can apply to open a real account to enter the world of investment.

  • After depositing the initial investment you can easily start to trade.

Let us give you information about investment education and products:
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