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Share your ideas in fx
johnkwamkwasi

Member Since Jan 27, 2012  2 posts John Kwam Kwasi (johnkwamkwasi) Jan 30 at 21:59
To be a winner in fx one need to be patience and not greedy.

Patience is the key
walker36

Member Since May 13, 2011  1341 posts Steve Walker (walker36) Jan 30 at 22:15
Hi John

NO OVER TRUST
NO GREED
BE PATIENT

walker

Trade The Trend! Defend To Price!
ForexScam

Member Since Mar 28, 2011  666 posts Trick or Treat (ForexScam) Jan 31 at 06:26
You need a good system first ( profitable entry to exit)

then you need to apply risk management/money management to keep the pocket book going during the down months.

lastly, think about the long term objective and the immediate gains

 

just do it!
Dmitriy1987

Member Since Jan 17, 2012  15 posts Dmitriy Filimonov (Dmitriy1987) Jan 31 at 07:16
What is the Max Risk preferable per a trade? Or does it depend on trading volume and lots?..

Less talking, more business!
Clash

Member Since Nov 19, 2011  32 posts Clash Tompson (Clash) Jan 31 at 07:39
I agree with John and Steve on the 'patience' aspect. Learning is a life long pursuit no matter what your career or interest - forex trading is no different.
One thing that really helped me along was the idea of always following your trading plan. Knowing exactly what you are going to do from start to finish BEFORE you enter a trade, and sticking with it.

A man should look for what is, and not for what he thinks should be - Albert Einstein
DrVodka

Member Since Dec 16, 2011  47 posts DrVodka Jan 31 at 07:40
overtrading is the biggest deposit killer in my mind ..

buy low sell high
MainTrader

Member Since Jan 26, 2012  25 posts Mechael Van (MainTrader) Jan 31 at 07:50
Dont trade against the trend
Dont be greedy
Take ur loss when u are losing and dont let it eat up ur equity
And always be patient

In God We Trust
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