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....