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Successful Forex Trading Tips

 
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ufxmarket
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Joined: 20 Sep 2013
Posts: 63

PostPosted: Thu Sep 26, 2013 12:41 pm    Post subject: Successful Forex Trading Tips Reply with quote

1. It is good to know and remember trading systems that work in an up market may not work in a down market.
2. Always determine a stop and a profit objective before you start entering a trade. Place stops that are based on market information, and not your account balance. If a "proper" stop is too expensive, it isnít worth it to make the trade.
3. Remember the power of a position. You should never make a market judgment when you have a position.
4. Never add to a losing position, It's always easier to enter a losing trade
5. There are times, due to a lack of liquidity, or excessive volatility, when you should not trade at all.
6. There are at least three types of markets like up trending, range bound, and down trading, and you should have a different trading strategy for each.
share your idea or discuses this tips here.
Regards
Ufxmarkets

http://www.ufxmarkets.com/in/online%20trading
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