As a beginner in the forex trading business getting a reliable mentor whose advice and instructions I should count on was a great challenge. But I must get one because my mentor already had advice me during the first workshop for intelligent investors that we get at least one or two in each of our fields, though he could recommend we get up to 5 experts as mentors in the same field.
So I hard to continue the search until I got those I could rely on the all important information that they give.
I have more than 5 of them now whom I look up to as far as forex trading is concerned. One them give the information am about share with you.
They’re invaluable and life changing information to me and I hope you fine them useful in your quest to make lasting profits in the forex markets. The following Rules of Successful Forex Trading was originally given by Avi Frister, a great Technical trader I respect so much. Here is his prelude;
Being a successful forex trader takes more than just having money, time and desire. The more you realize it, the better are your chances of making it big in this wonderful business.
Throughout the years I learned many valuable lessons. That today I apply to my forex trading. Here are some of these lessons. I hope you don’t take them lightly, I guarantee you that these are true gem products of trial and error (some thing I hope to shorten for you)”.
1 Your psychological state of mind: Is more important than your dollars. Yes, that is correct. For example, entering a trade when you know you should enter it and ultimately losing money on it will cause you a financial loss which hurts but can be recovered in the next trade or two.
However, it will also cause you a psychological loss in the form of future fear and insecurity. This will take more than one or two trades to recover? Therefore, never endanger your emotions in trading: go for what is logical.
In my next article I will give you some of my secrets in forex trading
Best regards,
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