Golden Rules of Forex Trading


Learn the six golden rules of forex trading to make money:

1. Invest money you can afford to lose. We don't think it's a good idea to trade with money you need to pay your bills or live.

When you set aside money to use only for forex trading, your mind and emotions are both focused on forex. This will help you think more clearly and make better decisions.

2. Stay strong and don't take out your first money. Use this extra money to learn more about trading and to build the best forex trading system that will work. This will give you more chances to come up with a trading strategy and make more money.

3. Discipline is important. Don't think that if you win once, you'll always win. The best thing you can do is to use good sense. Good spells don't last very long and can ruin a lot of hard work.

4. When things are hard and you're in a dry spell, the best thing you can do is take a break, pick yourself up, and then start over.

5. Don't put all of your money into a single trade. Your chances of success will go up if you divide the money into equal parts.

6. Make a plan for your trades and stick to it. Whether you win or lose, it's very important to decide which path you will take. You should also decide ahead of time how much money you want to put into each trade.



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