FOREX SUCCESS FACTORS

Some Important Forex Rules

Here's two Important rules of Investing:

RULE 1: NEVER Trade the FOREX Without Placing a
Stop Loss Order.


What is the real difference between successful traders, and
traders who lose all their capital?

Answer: Stop Loss Order

By placing a Stop Order, with your entry order, you protect
yourself against a potential lot, if the market trend changed.

You are losing only what you can afford.

I have personally lost some money just because
i was trading without placing Stop Orders.



RULE 2: Cut your losers, let your winners ride.


Trading the Forex market doesn't mean you will win all the time.
You will have losses and you will win.

To be successful, you need to have more winners than losers,
that's it.

For that, you will implement different trading methods and
strategies.