Trading Forex Without Losses
I want to give you some Information on Trading Forex without losses in this post. If you want to trade forex without losses you have to follow some goldel rules in forex market.
1. Open Position only for 10% of your capital.For example if you have $1000 ,you have to trade for only $100.
2. Follow Trendline.
3. Follow any one of your strategy. Do not confuse with other methods or strategy.Mainly don’t do panic selling or buying.
4. Trade Demo accounts with at least 6 months to practice.
5.Open UK based Account.Select UK Based Brokers.
6.Fxsol.co.uk is best.I have been doing for 3 years with them.
7.Always put Stop Loss.I put 50 pips and take profit 30 Pips.
8. Do not go for any Forex signal services.I have tried many but not useful.
9.If you want to use some Auto Trading EA.I recommend This Auto Trading Software.
10. Do not open many positions. I always trade GBPUSD and EURESD.
Finally the best method to get profits is using other traders knowledge.I have found managed forex accounts online.These traders from All over the world and we can follow them for free. I tested with low investment and im getting 30% profits every month. Click Here to know more info about how to enable managed fx account.