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Forex Discussions
General Forex Discussion
Ten Golden Rules for Forex Traders
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[QUOTE="jimcarter, post: 207348, member: 51429"] At the best of times, forex markets can be volatile and uncertain, and amateur traders can easily end up chasing their losses. However, it is precise because of this volatility that you have the potential for large profits. These ten forex trading rules may give you the best chance of success. However, keep in mind that trading entails a high level of risk to your capital, and profit is not guaranteed. [B][U]The 10 golden rules of forex trading[/U][/B] [LIST] [*]Avoid any forex trading software that guarantees profits. [*]Use a practice trading account at all times. [*]Invest in good forex education. [*]You can learn to trade forex successfully. [*]When managing your forex capital, exercise extreme caution. [*]Make good use of your per-trade investment. [*]Apply common sense. [*]At all times, use risk-aversion strategies. [*]Take extra care not to overextend your leverage. [/LIST] [/QUOTE]
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