Forex The simple truth about FX trading

1) noone can predict market. There are honest lucky guys and many cheats who will try convince you otherwise

2) leverage will kill you. Avoid brokers that push you to use it. Never excceed x5

3) spread will kill you. Use a broker with the smallest spread

4) only trade in positive swap direction

5) dont use Stop Losses orders.

6) learn programming and implement your system as a robot/script. Test it on TICKS data (max minutes)
6.a) read real science articles about: statistical analysis, searching for signal in the noise, etc. Dont waste your time on "indicators" and "levels"

7) set realistic goals. Stable 20% per YEAR is a HUGE Success. If you are get there - other investors will find you and give you the money


that's enough

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