Success In Trading

Success in trading is all about consistency and to achieve that we must follow the golden rules.

These are:

1 Only take the best opportunities.

2 Always minimize risk. Taking only low risk
opportunities is part of this.

3 Use good Money Management.

4 Have the discipline to follow these rules, especially the first one. It is all too easy to get over-confident and take anything you see. You soon lose your shirt that way. “Only the best is good enough for our trading!”is a good motto to follow.
You can’t learn how to do it without doing it.

© Forex Factory

Thursday, April 24, 2008

FX Trade

Executed 2 scalp trade today.

All intraday trading’s other distinctive features can be defined as passive, because they basically have a negative character. Intraday trading on FOREX differs by high risk, high labor input, long working days, work under constant stress, and chronic weariness. The specific conditions of intraday trading require a speculator’s fast reaction, absolute discipline, calmness, and endless patience. However, the real key to success is an effective and reliable trading technique specially created for this type of trading, which would allows a trader to make optimal decisions under the
constraints of limited time and market space.
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