Hi everyone,
Here is something I thought was well worth posting.....
Here is something I thought was well worth posting.....
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45 WAYS TO AVOID LOSING MONEY TRADING FOREX.doc
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How to avoid losing more money than you put into your account in MT4? 6 replies
45 Ways to Avoid Losing Money Trading FOREX, by Jimmy Young 46 replies
Making Sense of FX Broker Stop Loss Policy, By Jimmy Young 4 replies
Essential Elements of a Successful Trader, by Jimmy Young 0 replies
QuoteDisliked5) Stop Losses– Putting tight stop losses with retail brokers is a recipe for disaster. When you put on a trade commit to a reasonable stop loss limit that allows your trade a fair chance to develop.
8) Trading a Currency, Not a Pair – Being right about a currency is half a trade; success or failure depends upon being right about the second currency that makes up the pair.
10) Trading Against Prevailing Trend – There is a huge difference between buying cheaply on the way down and buying cheaply. What was a low price quickly becomes a high price when you’re trading against the trend.
14) Being Too Smart – The most successful traders I know are high school graduates. They keep it simple and don’t look beyond the obvious; their results are excellent.