What are some lessons you’ve learned from trading in the ForEx?
I’m just learning about the ForEx and I’d like to hear about personal experiences and lessons learned.
ANSWER: trade in the direction of the trend
write a trading plan and follow it
trade with stops and manage trade by moving stops
trade only new, larger trends
understand parallel and inverse analysis
understand support and resistance
if you have a substantial profit close out half of your lots and let the rest ride with breakeven stop (playing with the houses money) good trading
mark mc donnell
Source: Yahoo
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