Forex Trading - Rules of Thumb 10Avoid trading scared moneyNo one ever made any money in Forex trading when they had to do it to pay their bills at the end of the month. Having a requirement to make a certain amount of dollars per month or you will be financially in trouble is the best way I know to completely mess up all trading discipline, rules, objectives, and leads faster than you’d expect to disaster. Trading is about taking a reasonable amount of risk in order to achieve a good reward. The markets and how and when they give up their profits is nothing that you can control. You should never trade if you need the money to pay bills. Do not trade if your business and personal expenses are not covered by another income stream or cash reserve. This is how hasty decisions are made. Recommended Resources:-
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Developed by Bill Poulos, a 30 years trading veteran and dozens of trading
systems designer. Bill will teach you how to totally eliminate all the stress and strain
typically associated with day trading Forex by spending only 20 minutes a night placing your
trades. If you enjoy spending hours gazing at charts, then this may not be right for you. The
goal in designing Forex Nitty Gritty was to maximize your "pip potential" while giving you
back your time to spend AWAY from the charts.
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