7 Most Important Don’ts in FOREX Tradin - page 3

[precious]

The above dont are correct but there are also other dont in forex, some of which are:dont trade without setting the take profit,dont allow your emotions to override you when opening a position, dont trade with greed as this could also affect you.

[Judy Mank]

If I must hit on this, I will say one of the biggest don'ts an ambitious forex traders shouldn't fall prey to is not working up a set up to contain or manage his losses, I mean the absence of a loss management trading scheme. For example when trading with a $1000 capital, it will be best to open positions or trade lot sizes like a trade of $200 each. So that rather than losing his margin at once in a trade, he has to trade 5 times before he is finally off. And he is supposedly to gain at least once in those five, a gain such that he could recover his capital or at least compensate for his previous losses.

[pesean]

we need have plan trading. we must mange our money. we can lose or win but it is a part of plan. we will do not loss , we will keep our target and do it