Monday 9 May 2011

Forex Trading Psychology - Learn to adjust

The Beta2 Lane Clark blog is all about the practicalities of Forex trading and we believe that if you are not moving, you are standing still. Learn to be fluid and never limit yourself to one style. If a trade has passed you by, plenty more will be available. If the markets are behaving in an irrational manner, or it appears too volatile to trade, learn to roll with the punches. Choose positions that will withstand the initial volatility, don’t just exit because it gets to choppy.

If you do exit, stay out as when in doubt…the worse thing you can do is to jump back in if you are uncertain.