Currency Trading Information Channel
Two Timeless Rules in FOREX Investing
RULE #1) ~ Cut your losers; let your winners ride.
One important thing that every new trader must know before entering this highly profitable business is that life is not perfect, even in FOREX land, and you should always know one fact: YOU WILL HAVE LOSING TRADES.
Every FOREX trader does. The key to being a consistent, predictable, reliable trader is to, at the end of the day, add up more wins than losses. And, when you KNOW(based off your trading rules), without a doubt, that YES, indeed you are, in a losing trade, don't keep losing money (lowering your stop loss) just to *prove you are right* or your rules are wrong (however you want to look at it).
Let's face it - you can't turn a sow's ear into a silk purse. You can't change the spots of a leopard and you can't turn chicken poop into chicken salad. The best trades are usually "right" immediately (the techniques, rules, methods and strategies you can learn in our resources list will be your best indicator for just what a "right" trade really is).
Remember, people have been trading the markets for a hundred and sixty years. The smart traders know there's going to be another trade. Cut your loses short and compound those winning positions.
RULE #2) ~ Thou Shall Not Trade the FOREX Without the Placing of a Stop Loss Order.
When you place a STOP order, right along with your ENTRY order, via your online trade station, you've just automatically prevented a potential loss from "running" too far.
Before initiating any trade, if you haven't already figured out at what point you would be wrong and would want to cut your loses or, at the very least, reevaluate your position from the sidelines, then you shouldn't be putting on the trade in the first place.
Show us a FOREX trader who doesn't use stop loss orders and we'll show you someone who loses a lot of money.
MORE RESOURCES updated Sat. August / 08 / 2020
A guide to forex trading instruments The Boca Raton Tribune
Trading Forex: 5 Things You Have To Know Before You Start Wealth Morning
How the Coronavirus has impacted Forex trading Nairametrics
Forex: best currency pairs to trade at night Capital.com
Four-Ex currency traders need Help energy drink for focus StreetInsider.com
Three essential facts about trading forex in Australia Inside Retail
Timing Entry And Exit When Forex Trading NuWire Investor
Digital Currency Trading & Lending Platform Genesis Collaborates With Luno to Create Alternative Savings Products - Crowdfund Insider
Digital Currency Trading & Lending Platform Genesis Collaborates With Luno to Create Alternative Savings Products Crowdfund Insider
Top 3 South African Forex Brokers - 2020 Securities.io
What is Algorithmic Trading in Forex? Securities.io
Is now a good time to invest in forex? P2P Finance News
Stock Trading vs. Forex Trading The Union Journal
Foreign Exchange Software Market: Value Chain, Stakeholder Analysis and Trends and Top Key Players – Calyx Solutions, CGI Designe, Cinque Technologies, Clear View Systems, Currency Exchange International - The Daily Chronicle
Foreign Exchange Software Market: Value Chain, Stakeholder Analysis and Trends and Top Key Players – Calyx Solutions, CGI Designe, Cinque Technologies, Clear View Systems, Currency Exchange International The Daily Chronicle
Forex trade up as the rich hedge dollars due to Covid-19 fears The Star, Kenya
Jobs to go at currency exchange company Punchline Gloucester
Dominant Currencies and the Limits of Exchange Rate Flexibility International Monetary Fund
Rupee Edges Lower To 75.05 Against Dollar NDTV Profit
Analysis | Kyle Bass Takes on a Widowmaker Currency Trade Washington Post
Euro Forex Market Pulls Back as Dollar Strengthens Securities.io
USD/CAD Completes 61.8% Fibionacci Retracement – Quick Trade Idea! - Forex News by FX Leaders - FX Leaders
USD/CAD Completes 61.8% Fibionacci Retracement – Quick Trade Idea! - Forex News by FX Leaders FX Leaders
EUR/JPY Two Scenarios Likely Action Forex
How to trade online with your smartphone KnowTechie
Forex Market Majors Boosted by Positive Data Securities.io
Currency News: US Dollar (USD) Exchange Rate Fluctuates on US Stimulus Uncertainty - TorFX News - TorFX News
Currency News: US Dollar (USD) Exchange Rate Fluctuates on US Stimulus Uncertainty - TorFX News TorFX News
10 Steps in Forex Trading FXDailyReport.com
Aussie Trading Lower In The Morning Session Action Forex
NZD/USD below 0.6700 Trades Weak Currency Live
US Dollar Rises On Geopolitical Fears Action Forex
PrimeXBT Broadens Offering With New Currencies, Trading Pairs Finance Magnates
FOREX FOR BEGINNERS – WHY TRADE FOREX? Digital Market News
China Trade Balance Fails to Lift AUD/USD Currency Live
There Is A Variety Of Trends On Currency Majors. Investors Expect Data On The Labor Market - Action Forex
There Is A Variety Of Trends On Currency Majors. Investors Expect Data On The Labor Market Action Forex
Pound US Dollar Exchange Rate Surges to Four-Month High: Currency News Today - TorFX News - TorFX News
Pound US Dollar Exchange Rate Surges to Four-Month High: Currency News Today - TorFX News TorFX News
Bitcoin rockets above $11,000 to year highs as the dollar weakens Business Insider
Is the US dollar losing its clout as the world's reserve currency? Sydney Morning Herald
What is Forex Trading? How to Trade Online Securities.io
What is the Forex Market? Securities.io
Everything To Know About Getting Into Forex Trading GQ Australia
Will The US Employment Report Save The Dollar? Action Forex
Forex Brokers: Are They a Scam? | Investing | US News U.S News & World Report Money