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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 Wed. February / 05 / 2025What is Forex? FXCM How Currency Trading Works Investopedia Russia adds Nigeria, Tunisia, and Ethiopia in currency trading list Business Insider Africa Exclusive: MetaTrader Fee Bill Arrives with a 25% Increase Finance Magnates EUR/USD Analysis Today 05/02: Recovery Stalls (Chart) DailyForex.com Integral Provides FX Trading Tech to Access Bank in African Push Finance Magnates Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money Reuters Gold Analysis Today 05/02: Reaching All-Time High (Chart) DailyForex.com VFTradings Review 2025 Investing.com Stocks rapidly cut steep earlier losses as Trump pauses Mexico tariffs, Dow down just 150 points: Live updates NBC Connecticut Research: 2024 Overall Situation and Regulatory Trends of Virtual Currency Crimes in China ChainCatcher 6 Most Popular Currencies for Trading Investopedia FxSpotStream Reports Near-Record Trading Volume in Early 2025 Finance Magnates Rupee falls 39 paise to close at all-time low of 87.46 against dollar Business Standard GBP/USD Forex Signal Today 05/02: Head and Shoulders (Chart) DailyForex.com USD/MXN Forecast Today 05/02: Stable (Video) DailyForex.com Aussie, New Zealand dollars get respite ahead of China's reopen The Economic Times Forex Trading: Comprehensive Guide for Beginners and Experts Business Insider Forex Trading for Beginners NerdWallet BTC/USD Forecast Today 05/02: Holds Near $100K (Chart) DailyForex.com AUD/USD Forex Signal Today 05/02: Continues to Rally (Video) DailyForex.com Currency Pairs: What They Are and How They Work Investopedia Top 5 Books for Beginner Forex Traders Investopedia USD/CAD Forecast Today 05/02: USD Falls Against CAD (Video) DailyForex.com Russia expands its currency trading list to 40 countries, adding Nigeria, Tunisia and Ethiopia The North Africa Post What is Forex? FXCM 8 Forex Trading Tips Investopedia How Leverage Works in the Forex Market Investopedia EUR/USD Forecast Today 05/02: Relief Rally (Video) DailyForex.com GBP/USD Forecast Today 05/02: Look for Higher Levels (Video) DailyForex.com When Foreign Exchange Intervention Can Best Help Countries Navigate Shocks International Monetary Fund Research: Overall situation and regulation trends of virtual currency crimes in China in 2024 Binance BYD resorts to forex trading strategy to counter yuan’s volatility South China Morning Post 5 Forex Careers for Financial Professionals Investopedia MT5 Brokers Gain Access to STICPAY’s E-Wallet and Payment Services Finance Magnates EUR/USD Analysis Today 04/02: Further Losses Expected -Chart DailyForex.com Forex Trading Online | Forex Currency Trading CMC Markets How to Trade Forex on News Releases Investopedia Forex Currency Pairs FXCM 15 Banks and Credit Unions That Exchange Foreign Currencies Business Insider GBP/USD Forex Signal Today 03/02: Drops Amid Tariffs (Chart) DailyForex.com AUD/USD Forex Signal 05/02: Pullback Ahead? (Chart) DailyForex.com Dollar Dominance in the International Reserve System: An Update International Monetary Fund EUR/USD Analysis Today 03/02: Renewed USD Strength (Chart) DailyForex.com BTC/USD Signal Today 05/02: Bullish Signal (Chart) DailyForex.com What Is the USD/JPY Currency Pair? Investopedia Best Forex Brokers: Top Choices For Currency Trading Bankrate.com HSI, Australian Federal Police and partners, announce takedown of multi-million dollar Chinese money laundering syndicate U.S. Immigration and Customs Enforcement Newsroom What Is an ECN Broker? Investopedia Kickstart the FX trading day for Jan 29, w/ a technical look at the 3 major currency pairs ForexLive Russia adds Tunisia to currency trading list African Manager EN Mexico & Canada Pause Tariffs, USD Falls DailyForex.com
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