Topic: Forex - 10 Tips

1. Do not ove◦rtrade

  • Trade within your means

  • Use 1/3 of your total margin only

2. Always use protective stops to limit losses

  • Go in with a plan

  • Don't trade impulsively

  • Have predetermined risk ◦as well as profit

  • Don't move stops higher or lower and say "It'll come back."

3. Diversify your portfolio

  • Try to avoid "Loading up" in any one commodity or product

4. Keep emotions in tact

  • Don't make trading decisions based on "Fear and Greed", as hard as this may be

  • Make decisions away from the market - "Don't be a screen watcher"

  • Don't let ego get in the way

5. Trade in the direction of the immediate trend

  • Don't try to pick bottoms or tops

6. Don't add to losing positions - get out!

  • Don't Average "Down" or "Up"

7. Keep it simple, more complicated is not always better

  • Trade within your understanding of the markets

8. Employ approxmately a 3:1 reward to risk ratio

  • Don't ever risk $2 to make $1

9. Always be a student and keep learning

10. Above all, be disciplined

We wish you a happy trading from ICM Capital

BEST FOREX BROKER - Middle East Forex and Investment Summit

Re: Forex - 10 Tips

Use 1/3 of your total margin only

I would say, use max 10% of your margin only!!!

Re: Forex - 10 Tips

I wonder if 10 per cent is a bit high, I use 5 percent or even less.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Forex - 10 Tips

My tips are to choose the right broker to get right platform and services so you can get enough support to make your trades profitable. Do not get too emotional and too greedy. I am made my choice by selecting FreshForex broker and I don't regret it. They are good in every aspect of a brokerage firm. Recently they are launched 101% tradable bonus facility. Some of their offers will support your account in the case of drawdown and some of them support you even if you have losing trades. All of the promos and bonuses increase your trading volume and the only thing you need to do is to trade in a regular mode and enjoy it.

Re: Forex - 10 Tips

My tips is to using technical analysis and using correctly. If you use technical analysis correctly, you dont to lose money. Before   ordering, follow the product you are considering investing in. And use technical analysis. You can learn here how to use technical analysis

Re: Forex - 10 Tips

There are some good hints in this topic. I also can`t stress enough how important a good broker is. I have learned it the hard way myself. Only register at regulated brokers and make sure the spread is low.

Re: Forex - 10 Tips

number 1: over trading. according to me, its very common problem for making huge losses , generally when newcomers fall a loss they try to come back from this by over trading. ultimately they become loser.

Re: Forex - 10 Tips

You should make an independent research –  there’s a lot of information online. Here are some most common tips of FX traders:
•    Don't over-trade. Wait until you have a real opportunity to enter the market (even if you have to wait for many days)
•    Don't over-leverage - Using high leverage is an invitation to huge losses.
•    Follow a trading plan or a strategy - If you want to control your Forex risks, always work with a complete method which tells you when and how to trade.
•    Use a Stop Loss

FXOpen. ECN broker with spreads from 0 pips. ASIC and FCA regulated. Variety of trading accounts