Rules in Forex Trading

So far you may have heard and read about the various kinds of advice and warnings from senior traders to behave in the market . Below is a summary of the main some advice or suggestions on how to bet good .

Rule 1 . Never take a risk that you can not afford . 

The first rule concerns the amount of capital you invested in the forex and the amount you use stop loss . My mentor suggested that I make a deposit to the value that I could bear the worst case of the bankruptcy scheme . Use the money really is not budgeted , do not push yourself with your budget to divert funds trading . It is not recommended to use tuition money , money home , money healthcare , and so forth .

Rule 2 . Do not use a margin of more than 2 % in a single trade . 

This rule may sound simple , but difficult to apply when trading . I personally often break when trading. There are also some traders who say using margin to 20 % in the 1 position . If it should be I intervenes , then I 'll split it into multiple transactions with different pairs . Since it is very vulnerable when 20 % to 1 position .

Rule 3 . Always use a stop loss . 

This rule is related to your survival strategy . There is a money management system that utilizes a margin call as a stop loss . This is something that is very dangerous if you are trading with great value . It does not matter if you trade probably under $ 1,000 . But it would be a big problem if your capital and use the $ 10,000 margin call as a stop loss . Do not let the value of your floating minus longer if it turns out you know that your position was contrary to the trend , soon to find the best way to cut losses .

Rule 4 . Set profit target when you enter the market . 

Avoid trading without a mature scheme . Moreover, you will think of the current stop loss value minus the floating position greater than 100 pips . Each open position include the targeted stop loss according to your trading system and profit targets with the best ratio .

Rule 5 . Do not use the prestige of the demo account . 

Regarding the demo account , there is an experience of my mentors who stressed to the demo for 1 year . Find yourself a real trader .

Rule 6 . Just take a break and take a deep breath when the market moves beyond your expectations . 

The threat of a trader is himself. Its meaning is not to follow your passion . If a loss , do not immediately think to take a loss when the value was too , especially intent on revenge on the market . It was wrong . It follows the concept of trading trading scheme has been designed in such a way you are . Do not let the polemic due to loss lead you ignore your trading system . Far better would be if you close the first trading platform , trading leave your desk , and do interesting things else . Your fate has not finished trading just because some exposed position Stop Loss or even exposed to margin call . I have had 3 times the margin call within the first 4 months I learned countless trading and my position is affected by Stop Loss . Take lessons from a loss implied .

Rule 7 . Do not let emotions take control of your decisions in trading .

Trading with the emotions as you play with the electronic device body drenched . Can you summarize what adverse events , which may strike you immediately . So , keep your emotions when you open your account trading platforms that last a long time and still profit .

7 points from the above explanation , perhaps the tips that have often read right , but not fully implemented . This article is refreshing just to let you know if things happen that are not desired when trading , the forex market is not one . Rather 7 above are not applied correctly . Trading is fun .

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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made ​​a "Campus of FOREX" as a portal to learn forex.

Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.

Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.

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