Very nice and informative post friend..
Every new trader should follow these tips before dealing in forex market...
Very nice and informative post friend..
Every new trader should follow these tips before dealing in forex market...
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
gold1985000 (2019-03-13), ntn (2019-08-24), samia93 (2017-12-24), Shahid78 (2019-02-11), shakeel2017 (2018-03-13)
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1.) Learn to always include the spread of whatever pair you are trading on in your stop-loss.
2.) On your Chart mark out the time of release of all high impact news, on all currency pair that include the pair in which the news is to be released.
3.) If trading the lower time frames; ALWAYS EXIT ALL TRADE AT THE TIME OF RELEASE OF SUCH NEWS.
4.) Follow your Trading Rules Strictly.
5.) During Candlestick formation; always join the trend either at a price higher or lower than the closing price of the current candle stick ''as the trend maybe''. Irrespective of whatever time frame you are on.
6.) Never trade against trend during trading, because you are here only to make profit so always trade in the direction of the current trend.
7.) Trust your System and Believe in your Strategy. Don't Doubt it in the Middle of a Trade. Give your Trade a Chance to Perform.
8.) Always be Disciplined in making Trading Decision and Learn to take a Small Loss rather than taking a Big Loss. Try to Identify a Bad Entry Earlier.
9.) Write Down all your Today's Trading Experience and Mistake you made that you needs to avoid tomorrow.
10.) Always go through your chart at the end of the Day and make analysis & prepare for the Next Day.
Last edited by mazprofx; 2014-08-25 at 03:56 PM. Reason: Shortened the Title of the Thread.
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