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.

 

[Jonathan Lee]

Trading every day isn't necessary; sometimes, "no trade" is the best choice. Focus on clear trends with low volatility, typically occurring once a week or month. During these times, trade with high volume, as following the trend maximizes profit potential. Remember, the trend is your best friend.

 

[Fxzombie]

Forex trading consists of risks involved where traders may lose half or all money in forex trading, but the potential for unlimited income makes forex trading still attractive to many investors. New investors should pay attention to the risk tolerance they are ready to bear.

 

[Jason Libson]

Trading every day isn't necessary; sometimes "No Trade" is the best choice. Focus on trading when a clear trend with low volatility emerges. At least once a week or month, a strong trend will appear—trade with high volumes during these times, as following the trend is key to success.

 

[Fin_Trader]

In addition to risk control, we must also be able to control our emotions, eliminating haste, greed and excitement from our trading. When a trader does not have self-control and discipline, no trading strategy will help him earn.

 

[pippin]

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.

Being of the market is the trade too since you keep the money and it is the asset too just with 0 return and 0 risk. Other carry higher risk but offer higher returns too.

 

[pamm-2013]

The main rule is discipline! The second is a good trading system. And third, it's money!

 

[Fxzombie]

One way for investors to balance their portfolio is to diversify their investments into low-risk investment models such as mutual funds and bonds, and high-risk investment options such as stocks and forex.