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how yo remain in forex biz

Discussion in 'General Forex Talk' started by pahj, Oct 12, 2009.

  1. pahj

    pahj Private, 1st Class

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    I might not be the best trader but experience has shown me that for one to remain in this biz of currency trading, your success or failure starts from the very day you choose your broker.a bad broker can drain you dry and dry until you don't have any more fund to invest,again your money management strategy is also a key to your success or failure.

    remember , greed must be out of the way , the idea of trying to double your investment in one scoop is suicidal and rather wipe you in one second again don't trade too many positions if possible stick to one currency pair and don't trade a big lot size. with 10k account you can trade 0.5 lot and still make it. be wise ..just an advice anyway and finally patience and continuous education
     
    #1 pahj, Oct 12, 2009
    Last edited: Oct 12, 2009

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