Forex Trading Tips I Use

By: Tyler Ziggler

I would like to take time to share with you some forex trading tips that I use in my own personal trading. This is the largest market in the world several billion dollars sold in only a short 24 - hour period. This means that there is great room for profit.

Thinking emotional is crippling: This is the last place you want to be in, the emotional state. When you do this business with excitement, which is basically a person at a casino rolling the dice, you're just gambling with your money.

You have to have some standards for yourself when it comes to money because if you don't, you're just going to lose it all. Logical thinking is the solution to this problem. You must only make trades and decisions based on cold hard facts. When you start to make decisions on "gut feelings" and other feelings that make you want to trade you're just gambling with your money. Be smart and be logical.

Simple routine: When you first start in this, everything will be chaotic. Everyday will be a new adventure with new challenges and there is a huge learning curve. There is a point where you will start to understand and at this point you need to develop a routine for yourself. You need to focus in on the tasks that actually make you money and repeat them over and over again. That's the key. As you get into a routine it will get harder on the head since you won't have to waste energy figuring out what you need to do.

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