10 Rules for Forex Trading Market Several rules are essential to forex trading. If you mater them, you have the chance of the longer survival on the market as a trader. Sometimes, it takes time to master them. Some of them are too difficult to be mastered in the first place. So what are the rules? Here they are: 1. Do Not Settle on Minimum Deposit You will be required to have the minimum deposit to open an account. If you want to trade enough, give it some more so you can move. 2. Don’t Buy Forex Software without Performance Research Forex software needs to meet the certain requirements, so make sure yours is on it. Make research first on it.
3. Stop losses Facility This facility is a good help. It will automatically stop your trading if you are about getting losses. It is beneficial when you do multiple things at once. 4. Trading Decision It keeps records on a trading decision. It will remind you later on how you build the trading, and you can learn how to make the successful one then. 5. Make the Trading Plan It keeps you on the right line and helps a lot in avoiding lost trading. You need the combination of actions so you must plan it. 6. Do Not Trade More Than the Level of Account Your account must have the level, and you should trade on your size, and don’t take bigger one on it. It is too risky. 7. Don’t Pitch the Up or Bottom Point It is always wise to be in the between position. Up and bottom points are too dangerous for the newbie. 8. Losing Position Rule If you are on losing position, you should not add the amount of money you invest in it. That is just simple. You know how it will end. 9. Over Trade Do not force even if you do not have opportunities to make trade actions. Wait for the moment and then take actions. Just be patient on this. 10. See Bigger View Study your chart every time. In the new day, you must study yesterday and new charts. It will tell you the trends, and you will see the bigger picture. Now, you will need to remember those rules all the time. You may acquire the main point when you experience it. For some people, it is too difficult to understand. You should try harder and fight like hell to survive on the trading. They have effects, and you should know it.