O'Reilly logo

The Complete Idiot's Guide to Foreign Currency Trading, 2nd Edition by Lita Epstein, Gary Tilkin

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 12
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 ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required