Tips For A Successful Active Forex
Trade - Part 2
By Ultimate Trading
More Steps To Ensure Your Active Forex Trade Success
In the first article in this series, I passed on several tips to
help you become more successful with an active forex trade. Some of
them are from my personal experience as a trader and a trainer, and
some of them are trading truisms. But a trader cannot succeed on
tips alone. You need a well-developed active forex trade system that
works for you. With a good
forex trade system in place, and the discipline to follow it,
you can use these tips to keep you on the road to trading success.
Lets start where we left off in the last article.
12. Dont worry about missing out on an opportunity to active forex
trade. There will always be another good one just around the corner.
If the active forex trade you are considering doesnt meet all your
entry signals but it seems to good to pass up, remember, youre
never going to run out of trades you can make.
13. Dont get too confident. No one can predict the active forex
trade market with 100% accuracy. You need to always expect the
unexpected. If you become uneasy, or the market becomes choppy, exit
14. Don't turn three losing active forex trades in a row into six.
When youre off, turn off the screen, do something else. Often the
best way to break a streak of consecutive loses is to not trade for
15. But, don't stop trading when youre on a winning streak.
16. Measure your success by the profit made in a day, not on a
active forex trade. Its even better to measure it over two or three
days. A successful traders goal is to make money, not to win on
every active forex trade.
17. Scalpers reduce the number of variables affecting market risk by
being in a position only for a few seconds. Day traders reduce
market risk by being in an active forex trade for minutes. If you
convert a scalp or day trade into a position trade, you probably
didnt analyze the risks of the trade properly.
18. There is no secret to understanding the active forex trade
market. You can spend much of your valuable time and money looking
for these kinds of secrets. Its better to take the time to create a
solid active forex trade system, and realize that the secret to
success is hard work.
19. Never ask for someone else's opinion, they probably didnt do as
much homework as you did anyways.
20. When the active forex trade market is going up, say it out loud.
When the market is going down, say that out loud too. Youll be
amazed at how hard it is to say what is going on right in front of
you when you want it the active forex trade market to be doing
21. If you were bored and started drumming your fingers while you
read these tips you may share a couple of characteristics with other
traders. You may have traded long enough to recognize that you (not
the active forex trade market) make mistakes, and you try to
And last, but not least. If you wanted to check the active forex
trade market while you were reading this article, you have become a
trader, and you will be happiest when you are taking part in the
market. No matter where life takes you, you will always check the
market and you will always be a trader. These tips, and a good
forex trade system, will help you be a successful one.
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