Traders Rules

Traders Rules

Pipsfinder Forex Rules
a. Forget about buying fancy software and don’t waste your money on FX robots
b. Don’t try to day trade the Forex market, it’s a waste of time
c. Most successful forex traders make money from long term trends
d. Don’t look at short term charts, use daily weekly and monthly charts with trendlines, moving averages, support and resistance level
e. Avoid OTC FX brokers and should not use margin fx, to start with, use a currency futures traders or ETF
f. News and current affairs have usually been priced or discounted by the market. Don’t jump on the morning story
g. Trade with what you see but not what you think i.e. trade with the trend
h. Don’t focus too much on the major currency pairs
i. Sometimes the best trades in fx are the ones you don’t make
j. Remember the exit of trades, more important that the entry, money management have to be well considered

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