Two Timeless Rules in FOREX Investing
RULE #1) ~ Cut your losers; let your winners ride.
One important thing that every new trader must know before
entering this highly profitable business is that life is not
perfect, even in FOREX land, and you should always know one fact:
YOU WILL HAVE LOSING TRADES.
Every FOREX trader does. The key to being a consistent,
predictable, reliable trader is to, at the end of the day, add up
more wins than losses. And, when you KNOW(based off your trading
rules), without a doubt, that YES, indeed you are, in a losing
trade, don't keep losing money (lowering your stop loss) just to
*prove you are right* or your rules are wrong (however you want
to look at it).
Let's face it - you can't turn a sow's ear into a silk purse.
You can't change the spots of a leopard and you can't turn
chicken poop into chicken salad. The best trades are usually
"right" immediately (the techniques, rules, methods and
strategies you can learn in our resources list will be your best
indicator for just what a "right" trade really is).
Remember, people have been trading the markets for a hundred
and sixty years. The smart traders know there's going to be
another trade. Cut your loses short and compound those winning
RULE #2) ~ Thou Shall Not Trade the FOREX Without the Placing
of a Stop Loss Order.
When you place a STOP order, right along with your ENTRY
order, via your online trade station, you've just automatically
prevented a potential loss from "running" too far.
Before initiating any trade, if you haven't already figured
out at what point you would be wrong and would want to cut your
loses or, at the very least, reevaluate your position from the
sidelines, then you shouldn't be putting on the trade in the
Show us a FOREX trader who doesn't use stop loss orders and
we'll show you someone who loses a lot of money.
Forex trader and freelance writer
MORE RESOURCES updated Thu. November / 21 / 2019
Day Trading Success- The
Key Is Survival
Most new traders tend to focus just about all their time
and energy on finding nearly perfect "setups", but trade
setups, even very good ones, are *not* the key to
successful trading. It's the *way* you trade your setups
that keeps your losses smaller than your gains.
Online Stock Trading:
Freedom of Trade
I remember the first time I started to trade online. It was
just before the tech bubble of the late 1990's and the
internet was still something new for most people.
What are Forex signals? Forex signals are paid services
offered by some brokers and independent Forex annalists.
Companies that offer forex signals monitor and analyze the
market for you, providing you with their data via desktop
alerts, email or even SMS and pager alerts.
6 Critical Factors For
Success in any profession can be broken down into a number
of critical factors. Trading is no different.
Forex Signal, Forex
There are lot's of Forex signals providers out there. New
Forex traders might be thinking of looking for a reliable
Forex signals provider.
A Look at Forex Market
The investor in the currency market takes for granted that
a pair of currencies can be bought or sold at a moment's
notice. Once an order is placed with a broker, the trade is
executed within seconds.
The following situation happens quite often to many
traders. Look it over and see if it has been happening to
you: You have been faithfully following your trading plan
and the rules you've set for trading.
Forex Options Market
The forex options market started as an over-the-counter
(OTC) financial vehicle for large banks, financial
institutions and large international corporations to hedge
against foreign currency exposure. Like the forex spot
market, the forex options market is considered an
Opportunities Presented by the New Iraqi
Could it be possible that you are staring right into the
most spectacular financial opportunity of the century?
Operation: Iraqi Freedom will undoubtedly be a war marked
in history for loss and tragedy, American victory, and the
rise of a nation with a new democratic government. But
could it also be a war historically remembered for the
financial opportunity it created for the sharp investors
who keenly recognized an ephemeral chance at the right
time?The War on Iraq ended with a nation placed on the
footstool of many new operations.
Trade Exit - How To Cut
Losses And Let Profits Run
Cut your losses short and let your profits run. This is the
essence of your trade exit rules.
Forex Scams: How to Spot
Them A Mile Away
In recent years, investors have witnessed increased number
of investment opportunities and offerings. While the
complexity and success of these investment products vary,
technological innovation has made the Forex market one of
the fastest growth areas.
"FX" is an abbreviation of "forex" or "foreign exchange."
Foreign exchange is the largest and most liquid market in
the world trading approximately $2 trillion every day
(that's over 30 times the daily volume of NASDAQ and NYSE
Day Trading the Index
Futures - How to Judge Good Entries
QUESTION: If the SP futures fall through support and go
straight down for another two points, and I want to get
short, should I a.) enter immediately, b.
Getting a Forex Trading
Many Americans are interested in getting involved in forex
trading. Before doing this, you should get a forex trading
Keen on starting FOREX trading? Why would you not be? Many
beginning FOREX traders are captivated by the allure of
easy money. FOREX websites offer 'risk-free' trading, 'high
returns' and 'low investment' - these claims have a grain
of truth in them, but the reality of FOREX is a bit more
Where to Get Forex
For those of you who are interested in forex trading, you
may want to start off by getting some good forex training.
Forex training is a necessity for anyone with this
Internet and Computer
Systems in the FOREX Business
With every passing year the interest in electronic trading
is bigger, more especially trading shares and currency
through Internet. A new profession came forward - this of
the currency dealer.
Adaptation to the
Realities of the Market
Do you think adaptation to the realities of the market is
the most important thing?Many times in the past I've
written about the need to adapt, the need to be able to
change your behavior relative to the market because the
markets are ever changing. I've stated that mechanical
systems may be workable, but for only a short time relative
to the life of markets.
10 Steps To Professional
Everyone trades a little differently. The trading method
outlined below is MY personal approach to trading.
Risk and Stock Trading
Fees: The Two Barriers To Overcome If You Want A Successful
You know the old joke:" How do you make a million in the
stock market? Start with two million?" There is no way
around it, risk and stock market fees are a part of trading
that you can't avoid. But, you can manage your risk.
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