If you're like most traders, then you're likely confused by all
the noise out there on the best ways to approach the Forex
markets.
I understand... and it's NOT your fault.
It's easy to get confused.
However... there ARE at least 5 time-tested 'truths' to Forex
trading that, if you adhere to them, will give you an automatic
edge over those individuals who have no idea they even exist.
Here's the first one:
* Learn how to manage risk FIRST
on every trade before going for
the profit. Most traders think about
how they're going to make a profit
first, and then consider managing
risk an optional afterthought. The
truth is that the first thing you
should do on every trade is to manage
risk so that you are fully protected
no matter what happens... only then
should you think about the next
steps toward taking a profit.
(Make sure you read that again. It's deceivingly profound, and
that one concept could positively change your Forex trading
forever.)
To see the rest, check out my page here that reveals my thoughts
on the core, bare-minimum "nitty gritty" trading concepts I
believe you need before even attempting another Forex trade:
http://www.nohypeforex.com/5BigForexTruths
Good Trading,
Bill Poulos
Profits Run Inc.
28339 Beck Rd - Unit F1
Wixom, MI
48393
US
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