Currency Trading Information Channel
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 positions.
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 first place.
Show us a FOREX trader who doesn't use stop loss orders and we'll show you someone who loses a lot of money.
MORE RESOURCES updated Wed. September / 23 / 2020
How Forex Trading Works Market Realist
Inside the weird new world of social ‘forex’ trading—where you sign up friends, and some report risky red flags for investors - Fortune
Inside the weird new world of social ‘forex’ trading—where you sign up friends, and some report risky red flags for investors Fortune
What You Need To Know Before Starting A Forex Trading Business NuWire Investor
Proven Forex Trading Strategies for Beginners The FINANCIAL
Beware! That 'forex trading' may be a scam Nairametrics
Investors debate whether currencies can replace role of bonds in a zero interest-rate world - MarketWatch
Investors debate whether currencies can replace role of bonds in a zero interest-rate world MarketWatch
Forex Trading apps - TechStory Techstory
Why currency traders are now buying US dollars Nairametrics
Is Forex trading legal in Nigeria? Nairametrics
How Have Trading Platforms Evolved Over Time? The Journey From Open Outcry to Electronic Trades - FinSMEs
How Have Trading Platforms Evolved Over Time? The Journey From Open Outcry to Electronic Trades FinSMEs
GBP/USD Forex Signal: Very Bearish to 1.2650 DailyForex.com
Barclays sets up electronic forex trading system in Singapore Hong Kong Standard
EUR/USD Technical Analysis: Where May Losses Reach? DailyForex.com
RBNZ maintains cash rate, LSAP unchanged ForexLive
Trading Money: FOREX, Cryptocurrency, or Both? Euro Weekly News
They made millions playing for the Maple Leafs. The CRA alleges they participated in a 'sham' to skirt paying their fair share of taxes - Toronto Star
They made millions playing for the Maple Leafs. The CRA alleges they participated in a 'sham' to skirt paying their fair share of taxes Toronto Star
USD/INR: Rupee Advances Despite Risk Off Trading Currency Live
Discover the most popular Forex strategies in South Africa Live Insurance News
BTC/USD Forecast: Looking to Find Support Level DailyForex.com
USD/JPY Forex Signal: Bullish Bounce at 104.00 DailyForex.com
Wealth Simple Establishes Its Digital Currency Exchange Live Bitcoin News
Exchange rate shows record gain at black market as pressure mounts on currency speculators - Nairametrics
Exchange rate shows record gain at black market as pressure mounts on currency speculators Nairametrics
What is the exchange rate of USD (US Dollar) / KRW (South Korean Won) on Sunday September 20, 2020 - Born2Invest
What is the exchange rate of USD (US Dollar) / KRW (South Korean Won) on Sunday September 20, 2020 Born2Invest
Why Is Forex Trading A Good Income Source? Soko Directory Team
Best Forex Indicators for Day Trading in 2020 DailyForex.com
USD/INR: Rupee Advances Despite Surging Covid Cases Currency Live
Pound to Euro (GBP/EUR) Exchange Rate Edges Higher as the Bank of England Rules Out Negative Interest Rates - TorFX News
Pound to Euro (GBP/EUR) Exchange Rate Edges Higher as the Bank of England Rules Out Negative Interest Rates TorFX News
Global shares mostly higher after Wall Street rebound journal-news.com
GBP/USD Technical Analysis: Awaiting Important Data DailyForex.com
Forex Brokers: Are They a Scam? | Investing | US News U.S News & World Report Money
Everything To Know About Getting Into Forex Trading GQ Australia
US Dollar Strengthens as Home Sales Soar, Europe Reimposes Restrictions - Forex News by FX Leaders - FX Leaders
US Dollar Strengthens as Home Sales Soar, Europe Reimposes Restrictions - Forex News by FX Leaders FX Leaders
Currency Pair of the Week: GBP/USD Action Forex
RBNZ Holds Rates And Policy Action Forex
A guide to forex trading instruments The Boca Raton Tribune
Facts You Need To Know About Forex Trading Forbes India