Follow the trend to make good money! Answer First you have to remember few things in you mind! Why forex is attractive market to work...
- 1 leverege 1:100 or some times 1:400 gives you chance to multiply your investments, without applying for finance from bank llike a normal slow procedure.
Market is 24 hours open and all the time you have a buyer and seller. you dont have to wait for any one..? Coming to your answer...
- 1) Always trade if you are well aware of latest news regarding currencies you are trading in.
- 2) You must keep the best knowledge of all technicals and have a very good practice in any demo account before real one
- 3) You must not trade if you are in bad mood, in tension or stress!
- 4) You must not enter any position before any data unless you cant predict it and results with if condition
- 5) never put a stop loss in market (online systems hunt for them) but keep it in you mind and dont consider it a problem to your ego to accept loss or a bad decision.
