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If you follow the rules above, you will be successful in this business. Mainly only invest %33 of your total money. Take risk with this amount in FOREX. Put your stop loss limit on the exact point.
1. Never Let a Winner Turn Into a Loser
2. Logic Wins, Impulse Kills
3. Never Risk More Than 2% per Trade
4. Trigger Fundamentally, Enter and Exit Technically
5. Always Pair Strong With Weak
6. Being Right but Being Early Simply Means That You Are Wrong
7. Know the Difference Between Scaling In and Adding to a Loser
8. What is Mathematically Optimal Is Psychologically Impossible
9. Risk Can Be Predetermined, but Reward Is Unpredictable
10. No Excuses, Ever
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Saturday, December 26th, 2009 at 5:34 pm
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January 24th, 2010 at 4:19 pm
The introduction of Forex robots which are also called expert advisors is another development that has been a huge impact on the Forex market. These types of software used to be very expensive, only the biggest players in the Forex market could afford these. But recently several very good Forex robots have been introduced to the market that are very reasonably priced, around $100-$300, this makes them in the price range of ordinary investors. Using these automated robots to trade Forex has become very popular in recent years, as a matter of fact there are hundreds of robots on the market today.
January 25th, 2010 at 10:54 am
USD robot is an advanced forex instrument that is due to be released on the market early next week. It has the capability to adjust with the changes in the market on the fly. Also it can predict market trends based on current data which can prove to be useful when making trade decisions based on your normal market research. It looks promising and the website touts its dedicated customer support and ongoing updates which most forex instruments lack.