10 Rules for Traders
1. Never use stops. Stops are for amatuers.
2. Never use "How to Trade" trading materials
3. Never buy and use a trading robot
4. Never use chart indicators....price is your best indicator
5. Never worry about risk-to-reward ratios. You can't precisely predict how far a currency pair will move
6. Never use someone elses trading system. Design you own to fit your trading style
7. Never log onto trading forums to get "advice" from other traders. No one has the Holy Grail
8. Never close a trade that has gone negative. Charts prove that every pair eventually comes back
9. Never spend money to buy a slick trading system
10. Never trade on any timeframe below the hourly chart.
1. Never use stops. Stops are for amatuers.
2. Never use "How to Trade" trading materials
3. Never buy and use a trading robot
4. Never use chart indicators....price is your best indicator
5. Never worry about risk-to-reward ratios. You can't precisely predict how far a currency pair will move
6. Never use someone elses trading system. Design you own to fit your trading style
7. Never log onto trading forums to get "advice" from other traders. No one has the Holy Grail
8. Never close a trade that has gone negative. Charts prove that every pair eventually comes back
9. Never spend money to buy a slick trading system
10. Never trade on any timeframe below the hourly chart.