Learn the basics of forex trading. It's amazing how many people simply don't know what they're doing. In order to compete at the highest level in the trading business and be one of the few truly successful participants you must be welleducated about what you are doing. This does not mean having a degree from a wellrespected university ? the market doesn?t care where you were educated. | Nội dung Text 133 Điều cần ghi nhớ với FX-Trading 133 điều cần ghi nhớ với FX Trading 1. Learn the basics of forex trading. It s amazing how many people simply don t know what they re doing. In order to compete at the highest level in the trading business and be one of the few truly successful participants you must be well educated about what you are doing. This does not mean having a degree from a well respected university the market doesn t care where you were educated. 2. Forex trading is a zero sum game. For every long there is also a short. If 80 of the traders are on the long side then the remaining 20 are on the short side. This means further that the shorts must be well capitalized and are considered to be strong hands. The 80 who are holding much smaller positions per trader are considered to be weaker hands who will be forced to liquidate those longs on any sudden turn in prices. 3. Nobody is bigger than the market. 4. The challenge is not to be the market but to read the market. Riding the wave is much more rewarding than being hit by it. 5. Trade with the trends rather than trying to pick tops and bottoms. 6. Trying to pick tops and bottoms is another common fx trading mistake. If you re going to trade tops and bottoms at least wait until the price action actually confirms that a top or a bottom has been formed before you take a position in the market. Trying to pin point tops and bottoms in the foreign exchange market is very risky but exercising a little patience and waiting for a proven top or bottom to form can increase your odds of profiting and somewhat reduce your risk. 7. There are at least three types of markets up trending range bound and down. Have different trading strategies for each. 8. Standing aside is a position. 9. In uptrends buy the dips in downtrends sell bounces. 10. In a Bull market never sell a dull market in Bear market never buy a dull market. 11. Up market and down market patterns are ALWAYS present merely one is more .
