Work and think by yourself. There is a massive amount of information - charts, real-time news, top level research - all available for free. Rule #4 Know your exit point before you enter a trade. Patience and a clear head will win the game. After a productive day of hunting, the three of them sit around the pile of rabbits and the lion asks the Donkey, "Mr Donkey, would you please divide the pile into equal shares for the 3 of us?". By JustForex, 2016.10.24 « Trading Process, beneficial Offers for Traders » « Previous, next ». If you haven't figured out where your stop loss order and limit order should be at the start of your trade then you shouldn't be trading. The Fox takes out 1 scrawny rabbit from the pile and puts it in a pile for himself then say "There you go, Mr Lion, that's your pile" pointing to the large pile of rabbits. Develop your system, which is based on some significant factors for trading on Forex.
Trade only when there are factors that justify such actions. Rule #6 Take a breather when your equity has taken a dive. Be able to stop. Rule #1 Never risk any more than you can afford to lose, you will lose money, all traders do, make sure you're not sacrificing anything else important in the process. He then piled all the rabbits on top of the donkey and asked the Fox "Mr Fox, would you please divide the rabbits up evenly between us?". (If you have questions about currency trading you might want to check out, Common Questions About Currency Trading. The lion says "Mr Fox, where did you learn to divide so equally?" and the fox says "The Donkey taught.". In the process of price movement in a particular direction, market starts jumping up/down. If you do not feel confident, you better not take the risk. Analysis and work on mistakes are among the most important components of successful trade. Do not open a trading platform only because you have nothing else to do or you cannot fall asleep. Learn how to control your emotions and wishes.