The Ten Rules For Forex Trading : I list here ten rules that I think are important for trading FOREX. I have split the list into five Dos and five Don’ts.
Dos : 1- When trying out a new trading strategy, always test it in a demo account, or with a small amount of money, before you commit more money to it. 2- Always keep a record of each of your trades, with details of why you got in, how you got out and why it turned out the way it did. 3- Have a personalized trading plan and update it as you learn from the market. 4- If you are unsure of a trade, stay out. It is better to miss an opportunity than to have a loss. 5- When trading, keep up-to-date with both the fundamentals and technical affecting the market. A trader in the dark is a trader in the red.
Don’ts : 1- Don’t trade with money you can’t afford to lose! It will affect you emotionally, and you will most likely lose it to irrational trading. 2- Don’t follow someone else’s trading advice blindly. Always know why you are getting into a trade, and how you are going to get out of it. 3- Don’t be concerned about being right. Just be concerned about being profitable. 4- Don’t over-leverage. Chances are that your account will be decimated before you can recoup your losses and go into profit. 5- Don’t revenge-trade the market. Vent your frustrations elsewhere after a loss.
You can now benefit from LDN company’s services through the LDN Global Markets trading platform.
I’m a Trader with 17 years of experience in the most of Financial Markets ( Equities, Commodities , Forex). I have worked on integrated campaigns for major clients such as Al Horria brokerage, Venus International and Admiral Markets.
Until recently, I Trade in Only the International Markets industry. In this role I was focused on Trading and Portfolio Managing .Successes included creating a social expert to mange the accounts of my clients automatically decisions.
Colleagues know me as a highly creative Trader who can always be trusted to come up with a new techniques . But I know that the client’s business comes first, and I never try to impose my ideas on others. Instead, I spend a lot of time understanding and collecting data about the several markets I can work well alone, but I’m at my best collaborating with others.
I have a PhD from AIN SHAMS University and a Cfte1 from the International Federation of Technical Analysts IFTA.
