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Thursday, April 2, 2009

Tactics of forex trading

Tactic 1. Overtrading can shake your money management and dramatically increase trading risks.

Tactic 2. Put emotions down. Trade calm.

Tactic 3. Go with the trend! Trade with the trend to maximize your chances to succeed

Tactic 4. Always take a look at the time frame bigger than the one you've chosen to trade in.

Tactic 5. Learn about overlapping market hours

Tactic 6. Gamblers go to casino. All unproved, spontaneous actions in Forex trading — are a part of pure gambling.

Tactic 7. Choose the time frame that is right for you.

Tactic 8. Allow at least 2 month for demo trading.

Tactic 9. Never risk more than 2-3% of the total trading account.

Tactic 10. By moving a stop loss further a trader increases his chances to end up with much bigger loss.

Tactic 11. create a simple but working method of trading Forex. Tactic

12. Never invest money into a real Forex account until you practice on a Forex Demo account!

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