10 Golden Rules for Forex Day Trading 🙌

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10 golden rules for forex day trading. Is forex day trading profitable? How do you start trading forex? Here are some rules to get you started on the right path. OK.P

1. Never add to a loser.
2. Trade in a size that is sensible for your pot.
3. Don't overtrade.
4. Always trade with a stop
5. Try to look for good risk/reward ratio trades.
6. Focus on one thing and become an expert.
7. When you encounter a bad run take a break.
8. Study yourself more than you study the markets.
9. Don't follow tips.
10. Stay in the game for as long as possible.

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[fernandoantunes]

Thanks for your videos! Number 10 is definitely the most important rule. Trading is extremely hard, but if you stick around long enough you will see the patterns repeating over and over again and you will make it!

[ukspreadbetting]

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[velituncercolak]

Great video thanks. Staying in the game is the most important one. Obey your rules, stops and never risk more than 2% for each position. Anyone never knows what will happen in the future even in 5 minutes.

[ndoboalan]

As simple as these tips are, they actually work really well. I use all of them when swing trading! The hard part is sticking to them and cutting out greed!

[denisponomarev]

Great info, I wish I could found you earlier in my trading career, would save myself a lot of time and money. Keep them videos coming. 🤛👍🤝

[bravoelliot]

Another excellent video. Just failed an account funding challenge and I REALLY needed to see this. Thanks again Mark, keep up the good work!

[Lakozor]

2 months into forex trading 5 months in total bro you said exactly what i was thinking.

[calesylvester]

This has to be the best youtube channel on trading. I love how you keep it real.

[ladover]

Stay in the game long term probability.

[aabilmasih]

Started with 100 dollars made 260 and lost all of them in one day.. Should have focussed on one market instead of changing one every hour. Hopefully I will take some lessons from this

[maximilizinoregina]

Sometimes I wonder why individuals always complain of losing in Forex last month ago I withdraw a total profit of fifty thousand USD and this my eight consecutive withdrawal I have made Investing in forex

[LukaszAdams]

I think very important is set your dayli lose limit on capital and know when you got drawdown for example when you lose 4% you risk half less and protect you capital.

[wyclifem.]

What i needed to hear in my 2 years of trading.

[anonymusx]

You are giving very valuable information sir ...Peace upon you ...

[ma-mvmv]

You are so great, thank you for such informative lessons and handsome to look at as well. :)

[LearnToTradeOnlineYT]

Awesome content! I agree with what you are saying 👍

[Mark-ktwi]

Great video as alawys Mr Mark, on point as always. Just one question do you do any seminars in the city of London at all??

[Rao]

Thanks for the information, Anyways this works out for all the markets and not only for forex :)

[BrotherTree]

Great tips for risk management and steady growth once again. Just to expand on the point about specialising in one market or one strategy - I'm currently going through a bit of a dilemma myself and I'm learning the same or similar strategy (breakout on a given time of day, ie. Entry in a certain hourly session of a given market session) and applying it to certain markets. My concern is how I'm forward testing this strategy through two different currency markets but both involving two various times of days every day of the trading week - so essentially I am forward testing four different strategies (ie. Two markets, each with two different times of day) at the same time every day. But I'm no specialist at just one of them as I'm learning them all simultaneously at the same time, and while I'm learning a lot, I find it definitely quite draining and it takes up a large part of each day and I'm just wondering if I am... let's say, to put it bluntly for a lack of better words in a statement, "being greedy with my learning by force feeding myself too much, too fast, too soon" and "biting off more than I can chew". So my question is this; do I just choose one of the four and just stick to it? I know it's my choice, although I'm curious to hear your perspective on this and what you would do and some advice that may be helpful to manage my learning and life balance in general. And if there's a video that addresses this matter already then I would very much appreciate being directed to it. Cheers!

[samislim]

Great video 👍.... Can you give us some advices about laverage and how to use it. Thanks.