View Single Post
  #3  
Old 11-10-2012, 22:16
jefftimothy jefftimothy is offline
Level 1 Lasers Member
 
Join Date: Oct 2012
Posts: 16
Default Re: Forex Trading tips:

Quote:
Originally Posted by Zack28 View Post
Gamblers go to casino. All unproved, spontaneous actions in Forex trading are a part of pure gambling.
Never invest money into a real Forex account until you practice on a Forex Demo account!
Go with the trend!
Always take a look at the time frame larger than the one you've chosen to trade with.
Never risk more than 2-3% of the total trading account.
Put emotions down. Trade calm.
Choose the time frame that is right for you.
Very useful advises. Trading without making analysis in forex is gambling, no doubt.Demo trading is a great tool of forex brokers to practice trading without losing money.
Trend is our friend. I am also like trendy market to make order.
The most important thing for forex traders is to control their emotion during trading.Lack of emotion is the major reason of losing money in forex.
Money management and risk management is much important in forex trading to reduce the loss.
Reply With Quote