Forex Trading Secret's - may be 5 min reading Change your life

If You Really Want To Know The Secret Of Trading Forex Successfully Then Here It Is : There Are No Secrets There Are Skills Which You Have To Master Jut Like In Any Other Profession . If You Ask Any

Professional Trader. He Or She Will Tell You That Forex Trading s A business . To Make a Business Profitable You Need

Good Business Plan And a Range Of Skills To Execute The Business Plan

HOW TO BECOME A SUCCESSFUL FOREX TRADER
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To Become a Successful forex trader is very simple but it is far from
easy . first you must choose a trading strategy that works well for
you and suits your personality . you must develop a formal trading
plan which should include position size , entry , exit , stop loss and
profit taking rules , before trading n a live account , practice your
strategy according to your plan on a demo account for few weeks
once you are comfortable with the strategy , trade according and
repeat it over and over again , the key word here is discipline, you
have to become a disciplined forex trader to trade and profit from
the market consistently

THINGS TO DO
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Always trade with the trend
always calculate your risk reward ratio before entering a trade and try to maximize reward
trade only when the markets are highly liquid , which is most of the time in the fx market
always use a stop loss
let your profit run
set and keep to a maximum daily loss amount , after which you must stop trading for the day
Never Quit , and learn from your mistakes to continually improve


THING'S NOT TO DO
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Don't trade beyond your risk profile and comfort zone
Don't Hesitate yo initiate and exit your positions
Don't Over trade ( too many or too large of trade's )
Don't Move your stop loss
Don't let your emotions cause you to deviate from your trading plan
Don't try to get revenge from the market when in a losing position
Don't trade when you are not feeling well or cannot concentrate


THE 7 BIGGEST TRADING MISTAKES YOU CAN AVOID
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Not learning and educating oneself about the forex market ad trading
Not Having adequate capital to begin trading
Not treating forex trading as a business
Not trading according to a trading plan or not having a trading plan at all
Trying to teach the market a lesson when in a losing position
Trying to become rich iin one day or a short period of time
Starting to gamble when feeling low or bored