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Building a collection advices for newbies in Forex Trading
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[QUOTE="tommy0921, post: 16814, member: 8093"] [B]32 RULES EVERY TRADER SHOULD FOLLOW[/B] 26. Have a scheduled time specifically for studying the markets before making trading decisions 27. Do not move with the crowd or do what everybody else is doing because the majority (95%) are usually wrong. You should look to buy when the majority are selling and sell when the majority are buying. It’s the basic law of supply and demand “it is an exchange market after all”. 28. Never blame others for your losses, always examine yourself when your trading results are poor. Only by doing so will you be able to improve personally. 29. Never doubt your trading plan, always trust and have faith in it. 30. Price has a memory; if it did something at a certain level possibilities are that it will do it again. 31. When trading the news, don’t pay much attention to the news itself but rather the charts reaction to the news. The answers are always on your charts as the impact of that news event has already been incorporated into the chart long before the news announcement. 32. You are your biggest mentor, you MUST believe in your analysis and your decisions. Only by doing so will you be able to build the necessary confidence you need to succeed in this business. [/QUOTE]
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