26 Forex Advices

26 Forex Advices

In this article I want write short advices for Forex Traders try to memorize these sentences and repeat these advices for yourself every day! It will help you to become Best Forex Trader in the world!

Forex trading is an investment not an income
Leverage is like a gun be careful!
You have enough time to lose your money in future don’t hurry up!
Trading without stop loss is like driving without brake!
Forex will be profitable if it become your second job
To be an elite forex trader, you must trust in yourself.
Never stop forex learning
Don’t trade more than 4 hours in a day.
Don’t leave your demo account
Define your profit goals and then choose a style of trading.
Your personality should match with your trading style and strategy
Chose well known forex broker
Get market trend from longer time frames
Get exit point from shorter time frames
Don’t trade when you are tiered or angry
Don’ invest all your money in Forex Market.
Look at market simple and wisely
Analyze your trading history every week
Focus on one symbol to trade when you learn it add another symbol into your portfolio
Try to programing your strategy and don’t trade manually
All Forex strategies have expired time don’t rely on any strategy for ever
Explainable strategy is good strategy
You can’t fight against market trend
Money management is more important than analysis
Don’t leave Forex trading for a long time
Risk/Reward ratio is most important factor in your trading strategy