Developing a Sense For The Forex Market
When you trade you need the odds in your favor, just like the casinos have the odds in their favor. They know that for every dollar that comes in the door they will keep a percentage of it. It does not have to be much but over time it does add up. Just look at all the "cheap" buildings they put up! I think two of the most important things you can do to put the odds in your favor are: 1. Use a Forex trading system. 2. Use good money management techniques. Your goal should be to become a good trader before you try to make money. If you learn how to trade then the money will come. One of the saddest things I see is when someone is successful right out of the shoot. They get a false sense of confidence and many times do not know why they made money. They start to trade wild and lose a lot before they get the idea that they need to learn a few things. First of all how to trade, and secondly how to manage their money. Proceed with caution and follow these two suggestions and you will be around for the long run.
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Sensible advice. Likely unpopular though as we only seem to learn through hard won (and expensive) experience!
I also enjoyed the principles you linked to here… Could you expand on the principles a little more!
Kenneth