Tuesday, 24 June 2014

NO 1and 2 RULEs IN FOREX



The no 1 rule in Forex is never ever trade against the trend. When the trend is up look for opportunity to go up.And when the trend is down look for opportunity to go down.
It is like jumping out of a moving train you may never live to tell the stories. If the trend is going to change allow it to start running in the new direction before jumping in.
''Swim with the tide and not against it, You may get hurt.''

The no2 rule in Forex. Never trade technical in a smaller Time Frame during the News. Fundamentals don't respect the technical  during the news especially in a smaller Time Frame. I advice people to stay away during the news if you can't trade it

My stop loss was hit on EURusd yesterday buy recovered on USDjpy. Am staying out of the market today and will only allow my monthly and weekly trade to continue running.

See You At The Next Level

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