How to Make Money by Forex Trading
How to Make Money by Forex Trading is simple. But when it comes to Rules to Business Forex, then it is important for you to
put another moment on this article for minutes.
Jumped in to Forex Trading surely addictive and sometimes
makes us loose our protection to our capital. As I shared before, “Do It
Wisely” because I’m sure you don’t want anything bad happened after the winning
moment.
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| Forex Trading Rules |
Let me draw a situation about unwritten forex trading rules this situation :
April 28th you just got 60 points up on trade, but with all
the impulsive decisions, you put another trade and down to 80 points in just
few days. For those who already have
experience in this situation, this is not a bad thing and they will called it “unlucky situation” but for beginner? Oh
this is a perfect situation of brokenhearted and might caused you afraid to
take another step in forex trading.
Some will say, this is the example of poor money management,
but I will say that this is just another bad luck. Keep going and earn some
more.
Protect Your Profit,
Protect Your Profit & Protect Your Profit
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| Forex Trading Rules |
Forex market is a fast paced with minutes turn over
circulation between gains and losses. It
makes you facing a critical time to protect and manage your capital. I give you
a little piece of advice, Protect Your Profits.
We may think that 10 pips at a
time is only a tiny-winy change but what if you took about 15 or maybe 30
trades at a time? Respectably, it will adds up around 150 to 300 points of
profit. Yes, this kind of approach seems like penny-piching but what I would
like to put a note is : Always fight to minimize your losses and make money as
soon as possible. Forex Trading has rules that we might follow for the sake of our future. Just keep going!
Trailing Stops
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| Forex Trading Rules |
The key to trailing stops is to set a nearest-term profit
target. Most forms of long and short term invasting and trading, the moment
when we decide to exit a position is as important as when we determine the
perfect time to enter into our position. As example, if your nearest-term
target in forex trading is 10 pips, then watch the path since as soon as you’re 10 pips in the
money, then move your stop to breakeven.
Encourage Yourself to
Trading in Lots
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| Forex Trading Rules |
Have yourself a little bitmore of courage and perspective in forex market.
Try to trade more than one lot at a time and be ready to gain more. As example,
If you trade two lots in forex trading, then you will have two different profit targets.
The
first one might be the conservative one around 10 to 15 pips while the other
lot could be the higher one with much larger reward-to-risk-ratio.
Remember, once the first lot achived the
breakeven, means your target is reached. Because we never let a winner turn into a loser.
This is Trading, not
Gambling
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| Forex Trading Rules |
Educate our business thought that Foreign Exchange Trading is pure trades and
not gambling. Put away your impulsive side and get a better understanding of
foreign exchange trades. Impulsive trading will magically brings winner into a
heartbreak just like any other trading tale story. The winning strikes will
sincerely pulled you out of logic emotion and might put away the real thing
that trader could also be mired in a
string of losses. The impulsive trader, most of the time, precisely certain
that they are ver near to the top position and sometimes they forced a margin
call on his account. Forex market has their own magical, no need gambling to make it even more interesting.
We all fight ourself
to be the winner in business, in life, in every way. Always do it wisely, use
our logic and analyze each of your step in business.
Have a pleasant
business, everyone!
