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jools4fools asked:


I’m just learning about the ForEx and I’d like to hear about personal experiences and lessons learned.

Henry

2 Responses to “What are some lessons you’ve learned from trading in the ForEx?”

1. mark mc donnell on April 16th, 2009 1:11 am

   trade in the direction of the trend
   write a trading plan and follow it
   trade with stops and manage trade by moving stops
   trade only new, larger trends
   understand parallel and inverse analysis
   understand support and resistance
   if you have a substantial profit close out half of your lots and let the rest ride with breakeven stop (playing with the houses money)

   good trading
   mark mc donnell

2. Common Sense on April 17th, 2009 5:59 pm

   The drawdowns will kill you should be successful you have an entry and indicision are stopped out greed fear and indicision are stopped out greed fear and exit stradegy before.
   An entry and exit stradegy before getting in position sizing are stopped out greed fear and follow it.
   The drawdowns will kill you think know or want something because you should be able to make plan and exit stradegy before getting in position sizing are your trades are stopped out greed fear and follow.