Trading forex with strategy and always use stop loss

People who trade forex and never study anything about it first is the same like someone flying a plane without a proper training. And people who play standard account is the same like someone driving an F1, and can you drive an F1 if you never drive an ordinary car before? Well yeah, it's fast and you will surely like it. But can you handle it?


There is no way to predict where the price will go. People who told you that they can, it's a HOAX. Never trust them! Trading forex is much like gambling for the level headed person. We must take chance each time. Hence, you must have a strategy. How will you entry the market, how will you exit. How much money you are willing to lose.

I think the hardest strategy, is the exit. You can enter any market at any time. What matters is how you exit the market. Doesn't matter where you start, what matters is where you finish. But it's important to have both rule.

You will execute this trade if certain criteria is met, and you will exit the trade when certain criteria is met. You will also need a stop loss. Many people never use stop loss, and that the most stupid idea ever! Use stop loss mean, limit your losses, hence, protect you from being wiped out. You should use it. One more thing, never enter a trade base on your guts! The market doesn't care about your feeling! Always use strategy!


Please always limit your investment. Never think that trading foreign exchange will make you rich instantly. Always bear in mind that the greater the risk, the greater the return. Never put all your eggs in one basket. What I mean is, diversify your investment. I always told all of you student to focus, but you also have to be smart.

In trading forex, you must also check with yourself. Is the money that you're investing is liquid. Do you need the money urgently, if yes. Please re-think about it. Trading forex is hard, it's not easy. I know some people told you it's easy, but please think about it. If it's so easy many people will get rich quick, and you won't hear story about how so many people losses money in FOREX trading.

So in conclusion, I want to remind you that you must use strategy, always use stop loss and diversify your investment. Good trading. I hope you can be a successful forex trader!