For instance,take an American who purchases Japanese yen might feel that Japanese yen is getting weaker when compared to the US dollar.
Don’t use your emotions when trading in Forex. Emotions will cause impulse decisions and increase your risk level. Emotions will always be somewhat involved in your decision making process; however, it is important to learn to minimize the effect of emotions, and make decisions based on logic.
You should never trade solely on emotion.
It is simple to sell signals in an up markets. Your goal should be choosing trades based on observed trends.
Don’t trade on a thin market when you are just getting started. A thin market indicates a market without much public interest.
Never position in forex based on the performance of another trader. Forex traders are all human, … Read the rest