Currency Trading Information Channel |
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Two Timeless Rules in FOREX InvestingRULE #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. Omar Vargas
MORE RESOURCES updated Tue. March / 19 / 2024 Asia FX falls with Fed meeting on tap; USDJPY tests 150 after BOJ hike By Investing.com Investing.com ANZ Embraces CobaltFX's Dynamic Credit for Streamlined FX Trading Finance Magnates AUD to USD: Understanding the Exchange Rate Dynamics FinanceFeeds What is Currency Trading (Updated 2024*) ? FX Leaders Dollar tops 150 yen as BOJ ends negative rates Kyodo News Plus USD/JPY, DAX Forecast: Two trades to watch FOREX.com US Forex trading during the holy month of Ramadan Bluefield Daily Telegraph USD/BRL Analysis Today - 19/03: Surges Past 5.0000 (Chart) DailyForex.com What is Forex Trading (☑️Updated 2024*) FX Leaders Forex Today - 19/03: BoJ Ends Negative Interest Rates DailyForex.com How to Start Forex Trading ☑️ A Guide (2024) FX Leaders USD/SGD Analysis Today - 19/03: Rises on Inflation (Chart) DailyForex.com USD/PKR Forecast Today – 19/03: USD Dips vs PKR (Chart) DailyForex.com Forex market liquidity rising for US dollar inflow The Daily Star Gold Forecast Today 19/3: Continues to Look Bullish (Video) DailyForex.com EUR/USD Signal Today - 19/03: FOMC Awaits (Chart) DailyForex.com Forex FXCM EUR/USD Forecast Today 19/3: Stuck in Consolidation (Video) DailyForex.com BTC/USD Forecast Today- 19/03: BTC Week Starts Lower (Chart) DailyForex.com Best Currency Pairs to Trade in 2024 Admiral Markets Burkina Faso, Mali and Niger hint at a new west African currency: what it'll take for it to succeed The Conversation BTC/USD Signal Today - 19/03: Bearish BTC/USD Drop (Chart) DailyForex.com Nasdaq Forecast Today 19/3: Rally Signals Strength (Video) DailyForex.com USD/JPY Forecast Today 19/3: High Volatility on BoJ (Video) DailyForex.com Stock market today: Asian markets retreat after data dash hopes that a US rate cut is imminent Sunbury Daily Item AUD/USD Signal Today - 19/03: Bearish Post-RBA (Chart) DailyForex.com DAX Forecast Today - 19/03: Pulls Back to Start the Week DailyForex.com Forex Trading for Beginners NerdWallet FX: Mixed outlook for carry trades as markets read the runes on rates Euromoney magazine EUR/USD Analysis Today 18/3: Downward Trend Expected (Chart) DailyForex.com Towards Increasing Complexity: The Evolution of the FX Market - Liberty Street Economics Liberty Street Economics - Why Is the Forex Market Open 24 Hours a Day? Investopedia GBP/USD Signal Today - 19/03: GBP/USD Nears 50 EMA (Chart) DailyForex.com Best Forex Brokers In February 2024 Bankrate.com Stock market today: Asian shares mostly decline after Wall Street drifts to a mixed close KTVE - myarklamiss.com 4 Best Forex Brokers for 2024 NerdWallet Forex Today- 18/03: Anticipated BoJ Rate Hike After 17 Years DailyForex.com Gold Forecast Today- 18/03: Continues to Consolidate (Chart) DailyForex.com USD/MXN Analysis Today - 18/03: Nears Support (Chart) DailyForex.com USD/CHF Signal Today - 18/03: USD Tests 200 Day EMA vs CHF DailyForex.com How Often Do Exchange Rates Fluctuate? Investopedia Stock market today: Asian shares mostly rise after Wall Street's record rally Colorado Springs Gazette Trader's Case Tests DOJ's Policing of Global Currency Market The Wall Street Journal GBP/USD Weekly Forecast- 17/03: Range Tests Continue (Chart) DailyForex.com Weekly Forex Forecast - 17/03 (Charts) DailyForex.com China's New Currency Playbook Council on Foreign Relations Dollar supply rises to $11bn, naira closes 1,572/$ Punch Newspapers How can blockchain platforms make currency trading cheaper? Financial Times S&P 500 Forecast Today 18/3: Buy-On-Dip Strategy (Video) DailyForex.com Currency market subdued ahead of fresh US economic data The Economic Times Gold Analysis Today 18/3: Profit Taking Selling (Chart) DailyForex.com USD/ZAR Analysis Today - 18/03: USD/ZAR Eyes Uptrend (Chart) DailyForex.com
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