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 CUSTOMER SERVICE PROVIDER - 3rd Arab FX Championship