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View Full Version : 7 Most Important Don’ts in FOREX Trading



forexbandade
10-25-2008, 12:59 AM
Don’t trade without stop loss point.
Don’t force yourself too hard to achieve a certain target. Nobody knows which way the price is going.
Don’t look down on money management. Always use 3% of money management at most.
Don’t judge your strategy too fast. Try one strategy at a time and strict to that rule for at least 6 months. If you are really strict to the rule and the number of win is less than the number of loss, don’t use that strategy anymore.
Don’t trade on news. It’s really unpredictable.
Don’t trade when you are not in a good condition. We bet you won’t trade well. Trdae only when you are happy and fresh.
Don’t give up and don’t feel down if you haven’t got a lot of profit or even still losing in FOREX market. Nobody cares about your losses.



Total Solution for FOREX Sickness

Ray
11-07-2008, 05:07 PM
I agree with #5, 100%. It is hard to keep trading when you are losing money. It is 'logical' that is my fault that I am losing money - but 'emotionally' it is so much easier to blame the strategy.