Developing Your Trading Strategies
In This Chapter
• Disciplining yourself
• Controlling your emotions
• Minimizing your risks
• Tips for avoiding trading tragedies
We’re sure you’ve heard stories of people making millions of dollars trading forex in a matter of hours or even minutes. While that may have happened for a lucky few, more often than not you won’t be seeing that kind of win. You could even lose more than the total balance in your forex account in a matter of minutes if you’re not careful.
In this chapter, we talk about how to develop a disciplined trading plan. We also discuss the importance of keeping your emotions in check, as well as exploring risk management strategies. We end the chapter with 10 tips to avoid a trading ...