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. July / 02 / 2022
The Best Forex Brokers and FX Trading Platforms in 2022 ABC Action News Tampa Bay
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Bitcoin’s big bet: Is crypto trading basically gambling? Sydney Morning Herald
Mastering the Forex Market Finance Magnates
Basics of Forex Trading - Part 1 FX Empire
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How to hedge your portfolio with CFDs IG UAE (English)
How to Know Which Currency Pair to Trade Startup.info
RBI hits hard on Bitcoin, DeFi, crypto trading platforms Investing.com India
Forex (Foreign Exchange) Explained | US News U.S News & World Report Money
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BC: Tips for Success in Forex Trading Punch Newspapers
Is forex trading a way to make a living? Nairametrics
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Trading Forex vs Futures: Key Differences IG International
Currency trading in overdrive with dollar at highest level in two decades (NYSEARCA:UUP) - Seeking Alpha
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CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million - Department of Justice
CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million Department of Justice
AUD/USD Forecast: Australian Dollar Bounces Hard DailyForex.com
FX trading: A loser's game? ETF Stream
How to Trade Forex TD Ameritrade
Forex Trading Hours: Limitless Trading in an Endless Market The Coin Republic
What is Hedging and how can it be used in Forex Trading? Deccan Herald
Best books to learn Forex Trading from scratch Free Press Journal
What Every Australian Forex Trader Needs to Know Analytics Insight
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Even the Foreign-Exchange Market Is Getting Kind of Crazy The Wall Street Journal
Why forex trading is not gambling Nairametrics
Russian Authorities Crack Down on Illegal Currency Trading The Moscow Times
Currency Investing Makes a Comeback | RIAIntel RIAIntel.com
Is forex trading halal or haram? The Armchair Trader
How To Compare The Relative Strength Of Currencies Finance Monthly
FOREX.com Review | The Ascent The Motley Fool
Five Important Facts About Online Forex Trading In New Zealand Otago Daily Times
Changing the Top Global Currency Means Changing the Patterns of Global Trade - Carnegie Endowment for International Peace
Changing the Top Global Currency Means Changing the Patterns of Global Trade Carnegie Endowment for International Peace
How Currency Trading Works Investopedia
Regulators tighten control on China’s US$30 trillion currency market South China Morning Post
What Is Forex Trading? A Beginner's Guide Investopedia
Inside the weird new world of social ‘forex’ trading—where you sign up friends, and some report risky red flags for investors - Fortune
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15 Banks & Credit Unions That Exchange Foreign Currencies Business Insider
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Forex Trading | Trade CFD on Forex Capital.com
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