Forex Overview

Do not overtrade

• Trade within your means
• Use 1/3 of your total margin only

Always use protective stops to limit losses

• Go in with a plan
• Don't trade impulsively
• Have predetermined risk as well as profit
• Don't move stops higher or lower and say "It'll come back."

Diversify your portfolio

• Try to avoid "Loading up" in any one commodity or product

Keep emotions in tact

• Don't make trading decisions based on "Fear and Greed", as hard as this may be
• Make decisions away from the market - "Don't be a screen watcher"
• Don't let ego get in the way

Trade in the direction of the immediate trend

• Don't try to pick bottoms or tops

Don't add to losing positions - get out!

• Don't Average "Down" or "Up"

Keep it simple, more complicated is not always better

• Trade within your understanding of the markets

Employ approximately a 3 t1 reward to risk ratio

• Don't ever risk $2 to make $1

Always be a student and keep learning

Above all, be disciplined