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STAY OUT OF TROUBLE

chisha (chisha)
Jan 28 2013 at 18:34
20 príspevkov

1 The secret of success lies not in buying at the lowest possible price and selling at the absolute top. It is the avoidance of large losses.
2.The less you're in the market the less risk you take
3.The probability of a winning trade is increased when the trend signal is confirmed by other models.
4.Look at 3 time frames on every trade
5.Currencies are highly trended sometimes for months and even years.
6.Know what the rest of the market is looking at even if you don't agree. Don't try to tell the market what to do.
..To be sure the tonnes more :) feel free to add what you've learned.

1.Make pips 2.Keep pips 3.Repeat 1 & 2
Mark Harris
arry01
Jan 31 2013 at 14:11
67 príspevkov
Do not hold on to losing trades, if you can close losses you will improve.

iChimokuMagic
Mar 16 2013 at 09:55
1 príspevkov
Trade what you see not what you think

liquidityFX (liquidityFX)
Mar 16 2013 at 20:15
61 príspevkov
start with small capital, because you WILL lose part of your first investments due to lack of knowledge, the FX world has a shitload of pitfalls, it took me just over a year to break-even.

and be wary of robots/strategies that show superb results with less than a year of verified data.

When you fall you learn, then you get up and you try again until you master it.
piplover (piplover)
Mar 18 2013 at 06:26
3 príspevkov
Suffix to what Mark said, allow profits to run!

cut losses immediately...allow profits to run
loon5131 (loon5131)
Mar 19 2013 at 08:12
1 príspevkov
2.The less you're in the market the less risk you take <vs> Suffix to what Mark said, allow profits to run!
can these rule running as the same time?😕

Tom153
Mar 28 2013 at 18:11
4 príspevkov
The key to trading is discipline and eliminating the emotion from day-to-day trading. Learn the rules of the market, create a plan, test your plan in a demo account, assess market conditions, know how much you're willing to lose, and go for it! Stick to your plan. It's also important to know what kind of trader you are. My broker offers free educational resources, so that helps, too.

ppentz
Mar 29 2013 at 17:32
37 príspevkov
liquidityFX posted:
start with small capital, because you WILL lose part of your first investments due to lack of knowledge, the FX world has a shitload of pitfalls, it took me just over a year to break-even.

and be wary of robots/strategies that show superb results with less than a year of verified data.


An addendum to this: The upside of robots/strategies is they take the emotion out of it, they simply follow the rules they are programmed to use. I agree with what was said, though, the longer the history the better.

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