Ten Forex Trading Rules To Live By

When we start trading forex, it’s important to have a set of rules and guidelines to follow. Without these guidelines, significant losses can accumulate. Here are the top 10 rules to keep you safe when trading forex.

1. Protect your capital. Never risk more than 10% of your capital in a single trade.

1. Use protective stops, and trailing stops.

2. Never cancel a stop-loss after placing the trade.

3. Always distribute your risk equally among different markets.

4. Only trade active markets, with high liquidity.

5. If you are unsure of the trend, never enter a trade. Be safe, never buck a trend.

6. Never change your position or close a trade without a good reason.

7. Remember to cut your losses short, and let your profits run.

8. When you get into a profit, never let it run into a loss.

9. Lock in your profits at predetermined increments on profiting trades.

 Here’s another approach to forex trading rules:

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