some bucks on education that is the best inversion in your new business.
- Time, that is so important,
donít get addictive on trading, give yourself a limit time to trade, if you
forget this rule you will loose your friends and may be your family.
- To make a living you need at
least a 10.000 $ account, other than that will not give you enough kickback to
pay your bills, we donít expect more than 20% over account equity with proper
money management, that means on a 10k account gives you 2.000$ a month.
- Patience and discipline,
make yourself rules and follow them strictly
- Experience, trade a Demo
account ONLY for proving your system, as soon as you find out that your system
works, get a small Live account between 100 to 500$ and take micro lots as
small as 0,10$ for pips until you feel secure and rise your risk. The
emotional point in trading Live is very important, try to think about hunting pips not
- Money Management, donít
trade more than 2% max of your account equity a trade, try to trade at the
beginning only one currency. Every currency has a different character and has
different kind of moves.
- Never deal the forex with
money that you cannot effort too loose, especially house money. Never ever
take a credit neither use your credit card to fill your account.
- There are some more but as
Moses lost 10 rules coming back from the hill I also lost some at the moment,
we will update that with the time.
Here a very good example
of a trading room, thanks Freddy for the photo.
scalping ain't easy