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Basic rules to forex trading
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[QUOTE="Phabbyfundz, post: 160003, member: 49202"] 1. Start gradually ; Don't open too many positions at the same time. It is better to choose fewer positions but weigh each of them carefully. 2. Stop loss order; People often forget to limit their loss and there fore has to step out of the game very soon. With stop loss order you will be able to control the situation. 3. Stick to the plan; Good traders have their own plan and they best make an effort to hold on to it. Some prefer basic transactions whereas others like long term strategies. You should keep it steady, write your plan on a paper and follow it systematically. Write down the prices if each transactions and why you selected the particular strategy in order. [/QUOTE]
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