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Currency Trading Information Channel |
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Currency Trading Information Channel |
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Two Timeless Rules in FOREX InvestingRULE #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. Omar Vargas
 MORE RESOURCES updated Sun. May / 28 / 2023Can You Game The Currency Exchange? FiveThirtyEight US Dollar Technical Analysis: USD Turn Gathers Steam FOREX.com US Speculators boost yen shorts to most in a year as currency slips The Japan Times EUR/USD Forecast – Euro Continues to Fall Yahoo Finance Forex Trading; What Is It? KSHB 41 Kansas City News 8 of the best forex trading strategies FOREX.com The future of forex trading FXStreet Harnessing AI for Profitable Forex Market Insights Analytics Insight Digital Currency Group plans to shut down institutional trading unit ... SiliconANGLE News What Is An Order Block in Forex Trading? Capital.com AUD/USD long sentiment grows below 0.6600 https ://www.ig.com Opinion: Should you Start with Equity or Derivatives Trading? Investing.com India EUR/USD Forecast: Euro Faces Downward Pressure DailyForex.com How Would a New BRICS Currency Affect the US Dollar? (Updated 2023) Investing News Network South African Rand: Hard Times Ahead? Admiral Markets US Dollar Expected to Strengthen Against the Canadian Dollar Interchange Financial Increasing Popularity of Algo Trading in the FX Market Finance Magnates Government regulation and taxation of cryptocurrencies Rebellion Research Best Forex Trading Apps in Nigeria for 2023 Punch Newspapers Hong Kong to introduce highly anticipated yuan share trading on June 19 South China Morning Post USD/JPY Forecast: USD Gains Strength Against Japanese Yen DailyForex.com USD/BRL: Speculatively Strong Price Range Remains on Exhibit DailyForex.com Digital currency: What it is, pros and cons, and how to invest Business Insider In China trade, Uruguay businesses will ‘for sure’ use more yuan, official says South China Morning Post Pakistan's political uncertainty, IMF loan delay widens exchange ... Arab News Pakistan Forex Trading Strategies and Their Pros and Cons Yahoo Finance What's better to invest in: stock, crypto, or forex market? https ://www.ig.com Who Controls The Forex Market DailyForex.com India Pushes Trade in Local Currency Voice of America - VOA News CEO Of Cryptocurrency And Forex Trading Platform Pleads Guilty To ... Department of Justice What Are the 4 Types of Forex Traders? Which One Are You? DailyForex.com How to day trade forex markets IG International Forex volume trading FOREX.com Gold Technical Analysis: Is It Possible to Buy Gold Now? DailyForex.com The US Dollar's Impact On Forex Trading ValueWalk Federal Court Orders Texas Fraudulent Forex Trader and His ... Commodity Futures Trading Commission What are support and resistance levels in forex trading? IG International Understanding the growth of Forex Trading Daily Maverick Is Forex Trading Legal? Public Finance International What Are The Benefits of Forex Trading Public Finance International How AI is Revolutionizing Forex Trading Scottish Business News What is FX trading? MoneyWeek Forex vs crypto: what are the differences? https ://www.ig.com Forex vs. Crypto vs. Stocks Trading: 5 Factors to Consider MUO - MakeUseOf Forex Trading: 4 things to know before trading Murcia Today Learn why Binomo is better than Forex? Economic Times
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