STAY OUT OF TROUBLE
Jan 28, 2013 at 18:34
994Lượt xem
7 Replies
Tham gia từ Oct 09, 2012
20bài viết
Jan 28, 2013 at 18:34
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
forex_trader_6135
Tham gia từ Jan 25, 2010
67bài viết
Jan 31, 2013 at 14:11
Do not hold on to losing trades, if you can close losses you will improve.
Tham gia từ Nov 24, 2012
1bài viết
Mar 16, 2013 at 09:55
Trade what you see not what you think
Tham gia từ Nov 15, 2011
61bài viết
Mar 16, 2013 at 20:15
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.
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.
Mar 28, 2013 at 18:11
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.
forex_trader_4570
Tham gia từ Dec 17, 2009
37bài viết
Mar 29, 2013 at 17:32
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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