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what is the most important thing(s) to know before going to trade real in Forex?

scarface

By scarface
in General Forex Discussions

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what is the most important thing(s) to know before going to trade real in Forex?  

32 members have voted

  1. 1. what is the most important thing(s) to know before going to trade real in Forex?

    • Money Managment
      12
    • Good strategy, successful by 80%
      5
    • Fx broker
      1
    • All of the above
      14

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hammer083 Newbie

hammer083

Posted
Posted

For me the most important is to control my impulses. I am profitable when I trade slowly and with small amounts. But then I get greedy or inpatient and I put a lot of money at stake. This ALWAYS resulted in a major DISASTER. Market ALWAYS suddenly and strongly moved against me. I need to cut this impulse behaviour. So for me the most important is trader's psychology.

 

That's why I would prefer to use EA. Actually trying to adopt Expat's IndoRun.

 

Topikstarter - please begin sharing your wisdom :)

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