forex market

من طرف **khalil** الخميس فبراير 18, 2016 9:41 pm

3 Keys to Success in the Forex Market written

Sound thinking is essential for anyone who wants to make money in the Forex market. These are some of the keys:

Key 1: Keep a record

This is extremely important. Writing down the reasons for every trade helps you to be more rational and avoid behavioral errors. It also gives you the possibility to reread what you did in the past and why you did it, allowing you to evaluate your own thinking.

Key 2: Stick to your methodology

If you come to the realization that your strategy is unsound, then abandoning it makes sense; on the other hand, abandoning a strategy just because you lost money once and you felt bad is not rational.

Key 3: Choose a trading style that matches your personality

Some people, for example, can't sleep well when they use leverage because they are afraid that something may go really wrong and they'll lose a ton of money. Finding a trading style that you can implement is essential in order to make money without suffering anxiety and other psychological problems.