Guest ICM Capital Posted February 8, 2013 Report Share Posted February 8, 2013 1. Do not overtrade Trade within your means Use 1/3 of your total margin only 2. Always use protective stops to limit losses Go in with a plan Don't trade impulsively Have predetermined risk as well as profit Don't move stops higher or lower and say "It'll come back." 3. Diversify your portfolio Try to avoid "Loading up" in any one commodity or product4. Keep emotions in tact Don't make trading decisions based on "Fear and Greed", as hard as this may be Make decisions away from the market - "Don't be a screen watcher" Don't let ego get in the way 5. Trade in the direction of the immediate trend Don't try to pick bottoms or tops6. Don't add to losing positions - get out! Don't Average "Down" or "Up"7. Keep it simple, more complicated is not always better Trade within your understanding of the markets8. Employ approximately a 3:1 reward to risk ratio Don't ever risk $2 to make $19. Always be a student and keep learning 10. Above all, be disciplined Link to comment Share on other sites More sharing options...
Joseph M. Kindred Posted December 26, 2017 Report Share Posted December 26, 2017 Forex is an online investment market. Traders from different country are trade currency and make profit. Forex is a high risky investment sector. Knowledge e and trading are essential to survive long in this market. Many traders failed and left the market. At first trader should use demo account to understand the risk and improve their trading skill. Now I am trading with CapitalsTrade. It is a regulated broker in Vanuatu. Link to comment Share on other sites More sharing options...
uncle gober Posted December 28, 2017 Report Share Posted December 28, 2017 that's why traders will really need the ability to analyze the good and true in order to get more leverage in improving existing trading skills to be better and more leverage than before to be better again. Link to comment Share on other sites More sharing options...
Pixie Pips Posted February 5, 2018 Report Share Posted February 5, 2018 I will say emotions are the most important thing that one should keep in mind when trading. If you are facing any emotional condition then you must avoid trading. Link to comment Share on other sites More sharing options...
Fx Mental Posted March 16, 2018 Report Share Posted March 16, 2018 The newcomers first of all have to focus on learning process before earning. Baby pips school can be a great source to learn Forex as a newcomer which always ensures exclusive educational materials with essential terms and conditions. and don’t move a live account without practicing demo account at all. Link to comment Share on other sites More sharing options...
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