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Forex Trading Tips

It’s proved and highly recommended not to trade on Mondays or after holidays, when the market has recently awaken

Respect your stop order and don’t move it “cherishing hopes”

Running two or more open trades gives an option to close some positions earlier and keep others running for higher profits.

Let your position be open for as long as the market wishes to reward you
Don’t allow a couple of losing trades in a row become a snowball of losing trades. When it is obviously not a good day, turn the computer off

Never add positions to a losing trade. Do add positions when the trade has proven to be profitable.

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

Trend is your friend. Trade with the trend to maximize your chances to succeed.

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

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