| I have come to the realization that in order to trade | | | | 7. You must not stick so long on a losing trade, except |
| and become consistently better in your decisions as a | | | | you are conversant with the pair being traded and |
| trader there are rules you must consistently follow. | | | | understand the nature of fundamentals(news) to its |
| This rules ensures you don't enter a buy when you | | | | trend. |
| should a sell and you don't enter a sell when you | | | | 8. You should endeavor to follow the trend. |
| should a buy and that even if you do to learn to exit a | | | | 9. The formation of a doji after a hammer signifies |
| trade when its going against your trading system. | | | | trend continuation, so you should expect to look for a |
| Remember, you cannot predict the market!!!. | | | | position to that effect. |
| Listed below is a list of trading rules I have been writing | | | | 10. When entering in line with the trend, you should not |
| down as I trade the forex market. | | | | expect to take profit quickly as there maybe more |
| 1. Ensure to have confidence in yourself. | | | | move from the pair resulting in more ash flow. |
| 2. Before entering any trade, you must ensure the | | | | 11. When a swing high occurs in a pair up to a point |
| knowledge of your pivot, supports and resistance. | | | | and retraces, you may fix your sell limit for its next |
| 3. You must ensure that when your transaction gains | | | | move at the same swing high point in case it reverses. |
| to ensure your stop loss is holed to your break level. | | | | 12. Never bail out on your trading system except there |
| 4. You must not be too kin on entering any trade again | | | | is a reversal to what you earlier anticipated. As long as |
| once your Take profit is not reached. | | | | your trading signals are in place, remain firm with your |
| 5. As a beginner, you must ensure you stick to your | | | | trade until you achieve your aim. |
| take profit in spite of the gains you must want to take | | | | Looking for the best indicators for trading forex or the |
| from the market. | | | | best forex trading system? I'm rather sorry to |
| 6. Immediately after the formation of a hammer in a | | | | disappoint you. There's no such thing. Click here for |
| downtrend, You should look for the nearest bearish | | | | more information. |
| sign of the trade and enter a buy. | | | | |