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7 Most Important Doníts in FOREX Trading

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7 Most Important Doníts in FOREX Trading

Post by forexbandade on Sat Oct 25, 2008 6:23 am

1. Donít trade without stop loss point.
2. Donít force yourself too hard to achieve a certain target. Nobody knows which way the price is going.
3. Donít look down on money management. Always use 3% of money management at most.
4. Donít 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, donít use that strategy anymore.
5. Donít trade on news. Itís really unpredictable.
6. Donít trade when you are not in a good condition. We bet you wonít trade well. Trdae only when you are happy and fresh.
7. Donít give up and donít feel down if you havenít got a lot of profit or even still losing in FOREX market. Nobody cares about your losses.


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Re: 7 Most Important Doníts in FOREX Trading

Post by olixlite on Wed Jun 18, 2014 8:18 pm

Being ignorant to the do's and don'ts of forex trading can be devastating. Forex trading can be rewarding and yet so risky. Considering the do's and don'ts helps you in makng good trades. And so dont trade under pressure. Dont let your emotion decide your trade.Dont trade if you dont have the patience.

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