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1️⃣0️⃣ Forex trading tips 1. Know the market, doing your research is essential in attaining strong returns with forex trading and investing. 2. Stick to your philosophy and do what works best for you. 3. Practice trading without using money, apply and test other methods, techniques and strategies in order to develop your current philosophy. 4. Know your limits and stick to what you know, stay in your circle- you don’t have to be a genius at everything, stick to the places in which you are smart about. 5. Don’t trade on impulse, leave the emotions at the door and stay purely rational when it comes to trading and investing forex. 6. Keep your trading slow, steady and controlled- again be calm and rational with your trading. 7. Be consistent in your approach and never give up, stay persistent. 8. Keep on learning and developing your mindset, you will only trade as well as you think you can- keep on learning about forex through resources. 9. Stay focused on what you are seeking to attain, where focus goes- energy flows. 10. Give it time and be aggressively patient, give your approach some time to work and don’t expect immediate results- trading is an art and the craft takes time to pay off. #Forex #TradingTips #forexTips Forex Tips 🕯

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💬 Forex swing trading is a style of trading whereby the trader attempts to profit from the swings in the market. These swings usually last anywhere from a few days to a few week - one or two months, max.

🔰 THE BASICS The two main parts of each swing are called the body and the swing point. The latter is also called the turning point. This is where the market changes direction. The body, on the other hand, is where the market trends up or down for the duration of the swing.

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Here are some generic rules in trading.📌 1. Never go all in. 2. If you think it has to go down because it went up for so long, it doesn't. 3. If you think it has to go up because it went down for so long, it doesn't. 4 . When you think it is over and it will go down forever, then it's time to consider investing in the opposite. Trading is a game where only 10% win - and you do know that for that you need to think differently than how the 90% think. 5. If you just had a failed trade that you didn't expect, don't rush into another trade. 6. Don't fear missing out. There are new trading opportunities every day. 7. Don't force the trade if the pre-trade setup isn't playing as you're expecting. 8. Know your strategy. If your strategy is to slowly accumulate more, you don't need 50x swing trades in between. 9. Write down your first gut reaction that you get within 60 seconds of looking at the charts. 10. Don't trust your gut reaction ☺️ Forex Tips 🕯

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