Monday, September 26, 2011

Three "golden" rules of Forex

Foreign Exchange Market Forex / Forex in Russia become more popular, but most novice traders in forex is not enough information about what common mistakes beginners make.

"Knowledge - the gold", this proverb is most suitable for trading in the Forex market. And that speculation to be profitable and least losses to follow some rules:
The first "golden" rule of thumb is that the market does not like one-day players. Trade in the Forex market to deal with constantly being improved and gaining experience, gaining new knowledge systematically, constantly analyzing trends. Forex does not tolerate inconsistency.
The second "golden" rule applies to losses in forex. Forex game of chance, and it is important to be able to control their emotions. The desire to win back - a bad incentive for transactions, it is an impulsive act, which makes it impossible to conduct the necessary analysis of the trader, which increases the risk of losing the deposit.
Third, the "golden" rule: the trader has to manage their risks. Risk management can set a threshold of loss. In addition, before each operation to calculate all the potential risks, if necessary, by refusing to bargain. Adhering to these rules, you can make a profit and minimize losses.

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