Thursday 29 December 2011

In The Forex Market, Knowledge Is Your Currency

Stop points should be immutable. Decide where you will stop before you begin. When you arrive at your stop point, stop. Allowing negative emotions, like greed and stress, to influence your decisions to move stops is indicative that you may be engaging in irrational trading. Doing so will only significantly increase your risk of losing money.

Knowing when to create a stop loss order in Forex trading is often more an intuitive art than it is a defined science. Find a healthy balance, instead of having an "all or nothing" approach. Basically, the best way to learn how to adequately learn to stop loss is through experience and practice.

Don't go into too many markets when trading. This has a

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