5.Stick to your strategy. Sticking to your strategy implies that you have one! So once you've carefully planned your strategy (what to buy/sell, when to exit a position, what kind of orders you make, the tools and resources you use to make your decision), don't stray from it. This kind of consistency is what differentiates a good trader from a bad one. This is a vital forex tip: trading must be done accordingly.
6.Follow the trend. Ever heard the saying "the trend is your friend"? In other words, trade with the trend! This is one of the most common forex tips and it seems to be working. Unless you are positively sure that the market has turned, follow the trend. Using long-term moving averages can help you in such circumstances
Thursday, October 22, 2009
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