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More Forex Trading Tips
Here's a few more Forex Trading Tips
11. It's always easier to enter a losing trade.
12. During the blowout stage of the market, up or down, the risk managers are usually issuing margin call position liquidation orders. They don't check the screen for overbought or oversold; they just keep issuing liquidation orders. It is best to make sure that you don't stand in the way.
13. Follow your instincts.
14. Buy the news that you hear, sell the fact based news.
15. News is only important when the market doesn't react in the direction of the news.
16. It helps for you to read today's paper tomorrow too. When you read yesterday's paper each day with the knowledge of what the market already did.
17. You should never enter a new trade in the direction of a gap. Never let the market make you make a trade.
18. The first and last tick are always the most expensive. Get in late and out early.
19. When everyone else is in, it's time for you to get out.
20. Never trade when you are sick because it inhibits your instincts.
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