Advice to make money in Forex:
1-Follow the trend, this is the main guideline to comply. This rule is strictly respecting the great trading experts such as Soros.
2 – Be fast and easily adaptable to new market circumstances. The swift reaction against the different variations is essential to realize the signs and profits.
3 – Maintain the discipline, not only must create an investment plan but must also be followed meticulously. It is useless to make an excellent planning and then not be respected. Discipline is essential.
4 – The stop loss should not be too small and must be given time outside the market to act.
5 – Establish risk limits and respect them. If an open position loses too much money as is consistent closed. Many make the mistake of expecting the market to reverse but sometimes when that happens it’s too late.
6 – Follow the trends clearly defined.
7 – Accepting losses is impossible to be a trader and never lose in investing.
8 – No increase has an open position losses.
9 – Close-time operations.
10 – The simplest are the technical analysis, the easier it is to understand the information and evaluate the different opportunities.
11 – Be mentally prepared to withstand losses is essential. No use insisting on opening new positions to recover the money.
12 – Learn and recognize mistakes, this is the only way to progress as an investor.