How would you like to be able to potentially make money trading currencies in the Forex markets? Better yet, how would you like to be able to potentially do this within strict risk control parameters? Even better yet, how would you like to potentially do it with a minimum of effort on your part? I'm talking about only10 minutes a week. Well, I am here to tell you a few key principles or secrets to potentially make it happen.Secret #1The Forex...more
RULE #1) ~ Cut your losers; let your winners ride.One important thing that every new trader must know before entering this highly profitable business is that life is not perfect, even in Forex land, and you should always know one fact: YOU WILL HAVE LOSING TRADES.Every Forex trader does. The key to being a consistent, predictable, reliable trader is to, at the end of the day, add up more wins than losses. And, when you KNOW(based off your...more
Rule #1 Never risk any more than you can afford to lose, you will lose money, all traders do, make sure you're not sacrificing anything else important in the processRule #2 Never risk any more than 2% of your margin trading account on a simple trade. For mini account holders, 2% of $300 would be $6 so realistically you would need around $15 so you can make this 5%. As soon as your account size is big enough, make this 2%.Rule #3 Always use a stop loss order. If you haven't figured out where your stop loss order and limit order should be at the start of your trade then you shouldn't be trading.Rule #4 Know your exit point before you enter a trade.Rule #5 Demo Trade First: Become successful with paper trading when there's nothing on the line before you open a real account.Rule #6 Take a breather when your equity has taken a dive.Rule #7 Don't let your emotions call the shots: Stay cool, calm and collected. Patience and a clear head will win the game. Rule #1 Never risk any more than you can afford to lose, you will lose money, all traders do, make sure you're not sacrificing anything else important in the processRule #2 Never risk any more than 2% of your margin trading account on a...more
First , forex day trading system, like any form of speculation , has one main goal; make some money ! If this is the premise we start out with, that our goal is to make money , then how do we do it in this massive global market ?First, figure out whether you're a fundamental or technical trader, or perhapse both . Later we'll have more articles on...more
When it comes to trading Forex, your mindset is the most critical aspect on which to focus, but what specifically does that mean, and how do you go about it? Most traders I work with have that question initially, and it is very worthwhile to pursue...more
----> Real Money doubling Forex Robot Fap TurboFAP Turbo Forex Trading Package have another look at By: rose About the Author (ArticlesBase SC #3656475) Article Source: http://www.articlesbase.com/ - FAP Turbo...more
Would you like to find out more about the Forex SAS trading expert advisor and how it works? This trading robot works every trading day and works like a slow and steady scalper that is designed to profit in the long term. Designed with account safety...more
When using any trading strategy you have to implement some amount of human discretion if you really want to attain a high winning percentage, forex price action strategies allow you to exercise discretion, and you will get better at it over time....more