1) Keep Your Money Before You Trade - Lots of gurus will make promises, lots of vendors hawk products and services, lots of conferences promise education at a hefty fee. The reality is that the Web is filled with valuable, free or low cost information in blogs, Websites, user groups, portals, and books. You can learn more from networking with real traders through sites than from buying expensive products and services that may or may not fit your trading goals and style. Keep your initial overhead low; every penny you save is future trading capital.

2) Crawl, Walk, Run - Do everything you can to survive your learning curve and to ensure that you can support yourself financially (and emotionally) through your learning curve. Trade in simulation mode before you put money at risk, trade one lots before you trade larger size. Make your mistakes when your exposure is lowest. If you can break even after trading costs/expenses, you're doing very well. Don't push the curve or you'll find yourself deep in a hole.

3) It Takes Money to Make Money - Keep your expectations realistic. You're not going to make triple-digit returns every year and support yourself on a five-figure portfolio. Trying to make consistent huge returns will lead you to take excessive risk. Eventually you'll hit a string of losers and you'll be down 75% on your money--which means that it will take a quadrupling just to bring you back to where you were. Focus on realistic, consistent returns; pursue a career, not a jackpot.

4) Learn Everything You Can About Risk - Before you trade, make sure you understand the relationship between holding times and risk/reward, the ways in which diversification lowers risk, and the role of position sizing in risk. Monitor your largest winning and losing trades and monitor your average holding times for winning and losing trades. Learn to take planned losses and learn to bet fixed (reasonable) percentages of your portfolio on each trade. Think like a portfolio manager: keep score, not just in dollars and cents, but in risk-adjusted returns.

5) Test Before You Trade - Don't put your hard-earned money--not to mention your time and effort--on the line until you've tested out the strategies that you're trading. That means you need to have strategies, and you have to track their performance. That can be accomplished historically, through real-time simulated trading, or both. Take nothing for granted; if gurus champion particular setups and don't offer objective performance data for their techniques, ask yourself why. If you don't have a demonstrable edge that you have verified, you won't have confidence in your methods when you need it. You also won't overcome the inevitable expenses of trading.

6) Keep Your Money After You Trade - Trading income is not like an annuity; there are always peaks and valleys in returns and plenty of flat periods. Markets change, and their patterns change. Few traders make as much in range bound markets and non-volatile markets as in trending, volatile ones. Save income from the good times to weather the down times. Give yourself enough cushion to relearn patterns and change markets if conditions dictate.

In short, approach trading like you're starting a business. If you were opening a restaurant, you'd keep overhead down, build your business from the ground up and learn from experience, make sure you're well capitalized, stick with what you do best and avoid large gambles, perform plenty of consumer/customer/marketing research, and keep a portion of profits for weathering slow seasonal periods. It takes a year or more for even successful restaurants to build a clientele and earn a favorable return. Your trading business will require similar patience and dedicated effort.

i hope every new trader reads admin's above post. too many ppl trying for the moon on every trade. it's just a business like any other. set a gain/time horizon and keep moving.

__________________
___________________________________________
[SIZE=2"No more riddles."[/size]
___________________________________________
get the cd. it's how money gets made.

These are simple and effective guidelines. I've written em down and stuck them to my particle board I keep next to my laptop.


Make a profit on the simulations before you put your own cash up.

....besides Greencat's CD, a great wealth of knowledge can be found here at marketmillionaires.com in the The Learning Center thread.

The Forex simulations are also great way to practice/apply TA, learn candlesticks, candlestick patterns, and all the studies....has helped me alot with the different studies.

__________________
"add it up, extract a lesson"

I'm begginer for trading at Forex and these rules are very useful for me. I can't find all information I need in one book. That's why I shall read a lot of information and chose that I need. But I have no experience in this sphere...

__________________
I propose you to read two my blogs stock broker, forex trading

Thanks for these helpful tips on forex trading, I am new to all this stuff and recently saw an ad in newspapers in Nigeria talking bout all this forex stuff and how people down here are making big bucks from it. If i didnt see these 6 rules, propably in future, i will be down by some serious debt. I guess that's the power of learning through networking.

money management is a very important factor in becoming successful. You need to have limits as to how much you risk per trade. Allowing losses to run and cutting profits short is typically a road to failure. Emotions and poor money / risk management will eat your account alive if you don't control them.

It's just the basic thing in trade .

__________________
SHENZHEN CHIP OPTECH Co., Ltd.
Professional manufactory of LED Display|LED Panel
www.chipshow.com

〖^o^〗^o^ 〖^o^〗
Slam Dunk
YuYu Hakusho
claymore

I have been trading the forex for about a month now and wow is it fast. I did not start out with a lot of money so my ins and outs have to be carefully watched. The ups and downs in this thing can make you huge amounts and can turn around and burn you with in a matter of minutes if you are in for quick trades.

I am starting to develop strategies for my trading so I can boot some of the emotional aspect of forex out of my life forever.

One of them is to never say screw it and just let it go. It does no good to do a loosing trade and just dump it because you are mad.

I am also learning to be confident in my buy/sells. I am reading charts and am fairly good at it. I just have to weather the peeks and valleys depending on my position.

Also taking a break after each trade. If I make money I can get to excited and want to jump into another one with out enough research and if I lose I can get ticked off and try and make up for it by the same point I made about making money. What I am doing is closing my position and I walk away from the puter for a short amount of time. Everyone is a little different but I do anywhere from 15 minutes to an hour.

But I do love the pace of it and get a rush from the ups and downs of the forex.

well done gays let me tell you a jokeAn old man named bet365 was in his golden years, but that didn't stop him from trying to pick up the younger ladies. He went to the local bar, approached a very pretty and very young woman and said, "Where have you been all my life?" The young lady takes one glance at him and says, "For the first half of it, I wasn't even born yet." by bet365 have a nice day today

化学清洗是采用化学药剂和一定的工艺手段对工业设备、北京大兴区管道疏通管道容器等进行除油、除锈除垢、北京大兴区管道疏通除焦碳等清洗过程。北京通州区管道疏通中拓管清洗工程公司从事油田注水管网的化学清洗、北京通州区管道疏通精馏塔除焦炭清洗、北京通州区管道疏通长输管线油改气化学清洗、工业设备开车前清洗等多种化学清洗项目，并研制出H2S抑制剂、多功能缓蚀剂、W Q两相型原油清洗剂等清洗产品，能够针对不同的设备、管道制定相应的技术施工方案，达到最好的清 洗效果。

__________________
[url=http://www.jingke.org/wangzhantuiguang.htm 网站推广]

You write very well, support you 油罐车油罐车油罐车油罐车油罐车

朗阁国际立志成为中国最顶尖的出国留学咨询服务公司，成为出国留学人员值得信赖的专家。公司依托朗阁培训和 iAE Global两大知名品牌，利用朗阁全国领先的语言培训经验，以及IAE留学韩国网络庞大的海外资源，专注于留学服务，特别是留学信息和留学咨询服务方向，提供全新的留学办理体验、完善的 境内外服务体系、丰富的海外院校资源以及完善优质的出日本留学方案。 IAE留学网络已有十多年的海外留学服务经验，拥有雄厚的境外资源，已与世界9个国家的近2000所院校开 展了合作，并在留学澳洲、英国、美国、加拿大、新西兰、韩国留学等国设立了近102个专门的办事处，真正为客户实现零距离服务。

Understood not greatly whether you do send to you more articles I to post the box unit or the short news issue I. I want to understand more 深井泵潜水泵污水泵潜水排污泵

wanna to play age of conan gold lotro gold age of conan gold age of conan gold??