Tips



Tip 1

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

Tip 2

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

Tip 3

Go with the trend! 

Tip 4

Always take a look at the time frame larger than the one you've chosen to trade with. 

Tip 5

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

Tip 6

Put emotions down. Trade calm. 

Tip 7

Choose the time frame that is right for you.

Tip 8

Not trading or standing aside is a position. 

Tip 9

Learn to use protective stops. Respect your stops and don't move them.

Tip 10

"Keep it simple, stupid" — applies to indicators, signals and trading strategies.

Tip 11

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

Tip 12

Let your profits run.

Tip 13

Cut your losses short.

Tip 14

Choose the right day to trade.