moonchild
VIP Contributor
Day trading the forex market is a style of trading where day traders buy and sell at the market and close all position before the market closes New York time or depending where the trader lives, there are some rules to adhere to if you want a successful trading daily.
Number one on the list is to take on or two losses a day and whenever you as out the number of your losses just quit trading because at that point you can fall into revenge trading and give back all your profits back to the market or even indirectly incur some losses.
Number two on the list is to have a target, I don't subscribe to this but many day trader said its helpful, so let's say you target 20$ a day and you quit your trading for the day when you hit your target, this is of course relative to your account size.
Number one on the list is to take on or two losses a day and whenever you as out the number of your losses just quit trading because at that point you can fall into revenge trading and give back all your profits back to the market or even indirectly incur some losses.
Number two on the list is to have a target, I don't subscribe to this but many day trader said its helpful, so let's say you target 20$ a day and you quit your trading for the day when you hit your target, this is of course relative to your account size.
