The Golden rules That Most Forex Traders Will Never Learn
Posted by Fx247 on 17 August, 2008
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There are a lot of forex trading systems sold on the internet and most of them won’t make you money.Here is the “golden rules” to determine if a trading method is good or not.
- It must be a complete method, with setup conditions, entry rules, initial stop rules, and exit strategy rules, leaving no decision to chance.
- It must include specific risk management, money management, and portfolio management guidelines.
- It must be based on technical analysis, but it must not be a 100% mechanical system.
- It must take less than 30 minutes a day to apply after learning how to trade with it.
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