What are the golden rule of forex

[africruise]

It is not necessary to trade every day, sometimes 'No Trade' is the best trade. Trade in quantity when there is a clear cut trend with low volatility. At least once in a week or month you get clear trend. Trade with high volumes on this day, because TREND is your best friend.

 

[Samir8833]

Risk managment is key, its the only thing you can control when trading.

 

[danielfm45]

For my experience, the golden rule is to have a good trading plan and stay disciplined to follow and respect your trading plan.

 

[beromo]

best way is to trade by supply and demand in high time frame

 

[Fxzombie]

The trend is our friends, yes agree. Trading forex is different from traditional buying and selling like in a shop. Higher quantity transactions hence profit gained could higher. Forex trading doesn't apply these rules. In forex, quality is better than quantity, although the market opens daily, but not necessarily to trade every day. This is a good concept, maybe the hard part is controlling emotion.

 

[Chaveirex]

Follow the trend always and do not be afraid of it.

 

[Fxzombie]

Follow the trend always and do not be afraid of it.

The trending market is unique, it is like a girlfriend, you want to follow him but sometimes get annoyed, and traders must be patient to follow the trend. Traders can't blame the trend market when moved against the position, you know the market always be right.

 

[Fin_Trader]

Yes, trend movements are quite extensive and allow you to earn more and more safely on them than on rollbacks. It is also important to trade with risk control, have discipline and not make rash and unsystematic actions. For successful trading, it is also important to choose a reliable broker with regulation, minimal spreads, high execution speed and timely withdrawal of profits. For me, such a choice of a reliable company reduced worries about the money invested in trading and provided comfort in trading.