Trading Rules!

1. Never risk more than 5% of your investment capital. If you have $10,000 in your account, you can risk up to $500.

2. Always use stop orders. Forex markets can move quickly, so a stop order can save you from potential losses as well as profit protection. Identifying your risk is the key to successful trading.

3. Never trade against the daily trend. Never buy or sell if you are not sure of the trend.

4. Never enter a trade without a good reason. A consistent approach increases your chance of success.

5. Trade only in active currency pairs. Keep out of slow, inactive ones.

6. Avoid co-related risk. Avoid tying up all your capital in any one currency.

7. Don’t close your trades without a reason.

8. Never average a loss

9. Never get out of the market just because you have lost patience or get into the market just because you are anxious from waiting.

10. Never cancel/move a stop loss order to allow for more losses, hoping that the market will reverse.

11. Be just as willing to short as you are to long. Your objective is to keep with the trend and make money.

12. Never buy just because the price of a currency pair is low or sell just because the price is high.