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Thread: 10 Tips for your success in Forex trading

      
  1. #21
    Administrator Mike's Avatar
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    Quote Originally Posted by lhar_ff View Post
    Hey, what's with the WOW anyway. I clicked on it, and a big ERROR appears.
    We use a plug-in that searches for the word ******** and replaces it with asterisks.

  2. #22
    Will Work For Pips
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    Default Re: 10 Tips for your success in Forex trading

    I trade in one market, FOREX!

  3. #23
    Hindsight Hero! DickP's Avatar
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    Default Re: 10 Tips for your success in Forex trading

    Quote Originally Posted by TheRumpledOne View Post
    #5 is misleading... THERE IS NO TREND!


    TREND IS A CONCEPT.

    TREND EXISTS ONLY IN YOUR MIND.

    TREND IS RELATIVE TO THE OBSERVER.

    DO NOT BE FOOLED.
    Well in that case, many things we perceive are only "subjective" in any case.



    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
    -DickP, 2011

  4. #24
    My Pip Hand Is Weak
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    Default Re: 10 Tips for your success in Forex trading

    Some nice tips. I also think getting an education is very important, whether through a provider or on your own. Many people start trading without any education.

    Simulation trading is also a very important aspect of the learning curve as well as understanding the differences between demo and live trading.

    Risk management is critical for beginner traders as most first time traders blow their entire account within the first few months. A risk per trade of 1-2% of the account balance is a good place to start.

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