- Never invest money into an actual Forex account until you have first tested your skills on a demo account.
- Gamblers can go to the casino, any risky actions in trading result in pure gambling.
- Don't try to make extra money by going against the trend, you need much sharper skills to do that and there is no point. Bottom line, when the trend is up don't sell, and when the trend is down don't buy.
- Work towards larger time frames than whatever you have already chosen, the bigger picture will help you improve.
- Don't use more than 2-3% of your balance on risky trades. This way, you're not risking anything you can't afford to lose.
- If you lose a trade, don't seek revenge or get angry and immediately work on another trade. Take a chill pill.
- TBC (To be continued)...
Forex Tips/Tricks
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