Maks25
Active member
If you must trade forex then commit these rules to heart.
1. Know every forex jargon like the back of your palm
2. Learn every trade system there's to learn and formulate yours.
3. Never live trade with real money until after a year
4. Paper trade continuously every weekday and grasp the principles.
5. Learn and develop ur own trading strategy which are
-Money management
-Trading methodology
6. Never trade above 4% on any single trade and never trade above 25% of your total portfolio.
Keep these to heart and u can never lose in d long-run. I'll recommend Vince Ralph's books on money management, W.D Gann's books on strategy. With these you can develop a winning strategy that the mathematical expectation of the strategy is above 1.1 every month.
Goodluck
1. Know every forex jargon like the back of your palm
2. Learn every trade system there's to learn and formulate yours.
3. Never live trade with real money until after a year
4. Paper trade continuously every weekday and grasp the principles.
5. Learn and develop ur own trading strategy which are
-Money management
-Trading methodology
6. Never trade above 4% on any single trade and never trade above 25% of your total portfolio.
Keep these to heart and u can never lose in d long-run. I'll recommend Vince Ralph's books on money management, W.D Gann's books on strategy. With these you can develop a winning strategy that the mathematical expectation of the strategy is above 1.1 every month.
Goodluck