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Author Topic: Defining your goals in Forex trading will help you  (Read 84 times)

michellotj11

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Defining your goals in Forex trading will help you

One of the most important rules is to trade with the trend: if the market is going up, make a "buy" trade; and if it goes down, place a sell trade. It's probably not a smart idea to try to pick the top or base. If the market is going up, decide where you want to buy and make your trade, and the same goes if you want to sell. You should have a risk management strategy, with predefined stop-loss and take-profit levels. Finally, you shouldn't trade just for yourself - being neutral is also a position.



 

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