submitted by 1980_Migdalia 1615 days ago (via forexfriendloan.blogspot.co.uk)
If you are in a room with five different forex traders, it would not be uncommon for each and every one of them to have their own forex trading technique. It is a matter of taste and preference as there are many different styles and guidelines that one can choose when trading in the forex market. However, there are 10 cardinal rules in the world of currency trading that one must follow in order to achieve success. They are as follows:1. Stay with your plan - for anyone to be successful in forex trading they must have a plan and stick with it. Besides your position size, your plan must also include your entry stop loss levels. In other words, you must know exactly when to take your profit and a when to get out of the trade. Having a good plan takes emotion out of trading.