Forex rules

e would like to present you some advice for successful forex trading.

• You buy a trading system and learn the rules
• You study and learn the skills of trading, in theory
• Trade with a Disciplined Plan
• You try the new skills you've learned on a demo account
• You experience the "beginners luck". You make some winning trades. You're psyched
• Good Execution Good Anticipation (while we are trading, whether the last trade we did was profitable or not is definitely not important. There is no point drawing conclusions on the outcome of just one –or even a few-trades. We can only access our anticipation skills when we have made a reasonable number of trades and see the longer-term result of our action. It is so important that when we are trading, our goal should be focus on executing our trades with ruthless efficiency and to judge only that. If you consider the ways that you lose money trading, you will find that it is down to poor execution, rather than poor anticipation)
• You continue trading but start experiencing losses. The confidence you experienced in the beginning has made you a little over confident. You think that this period of losses is temporary. You continue to trade, mounting up more losses
• Cut Your Losses Early and Let Your Profits Run
• Do Not Over Trade (do not bet on the farm. One of the most common mistakes that traders make is leveraging their account too high by trading much larger sizes than their account should prudently trade)
• After losing all of your money or a serious chunk of your trading capital you start look for answers
• You do some research and decide to get someone to help you. You hire an expert to teach you the skills of trading from someone who has been there
• This mentor shows you the skills you need to become a successful trader. They teach you to handle the bad times with the good. They strive to develop you mentally, physically, emotionally, and spiritually
• After mentoring for a certain amount of time you start out on your own. At this time it is important to seek people who are your peers. You add like minded individuals to your group of friends or co-workers. You learn from each other. You talk to each other, compare notes, and create a buddy system that helps you through the lonely times that trading will inevitably bring
• You continue to learn by trial and error. You may decide to seek out more mentoring because there are "levels" of trading success that require new skill sets. For instance, trading one contract and winning or losing a dollar is different than trading a hundred contracts and managing thousands of dollars at a time
• Do Not Marry Your Trades