Forex Trading System
12. Don’t favor sides. Forex trading is about recognizing long and short opportunities. Many people have the problem of shorting.
They have the problem of profiting when the market is going down. They are taught through life that you make money when markets go up.
As a forex trader you don't care if the market is going up or down, if there is an opportunity to make money you take it, that’s your job.
13. Know the personality of the currency you are trading. Each currency pair has its own individual "personality". This can be in terms of
volatility, spread, average daily range, liquidity, specific patterns etc. Use trading strategies that go hand in hand with the characteristics of
the currency pair.
14. Trade a method that fits your personality. If you are like me and like hearing the cash register ring often then use day trading systems
or strategies. If you don’t mind waiting for profits to accumulate over time then consider using swing trading systems or strategies. This is very
important. Trade with what best suits your character. Be true with yourself and recognize what are your needs. My need is the gratification
that frequent profits provide, no matter how small. It keeps me going.
That's it. Remember, 95% of traders don’t follow these rules. Be amongst the unique that do and use a good forex trading system or strategy.
Your success will come faster than you think.
I wish you all the best.
Avi Frister
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