What are some lessons you’ve learned from trading in the ForEx?
November 5th, 2009
jools4fools asked:
I’m just learning about the ForEx and I’d like to hear about personal experiences and lessons learned.
RUGGLES
I’m just learning about the ForEx and I’d like to hear about personal experiences and lessons learned.
RUGGLES
The trend write trading plan and manage trade in the houses money good trading mark mc donnell wwwforexearlywarningcom.
The trend write trading mark mc donnell wwwforexearlywarningcom.
Money Management position sizing are the most important tools to be successful. You should be able to make a nice living, even if 50% of your trades are stopped out.
Greed, fear and indicision are your worst enemies.
Don’t use alert services. The drawdowns will kill you!
Have an entry and exit stradegy before getting in a position. Never do something because you think, know or want something to happen.
95% of FX traders fail. Make a plan and follow it.