4 FOREX TRADING TRICKS FOR INCREASED PROFITS

1 – Trust your intuition

Once you have adequately educated yourself about the basics of forex trading, and you’ve actually traded long enough to get a feel for the markets, trust your intuition.

2 – Trade with the prevailing trend

It took me awhile to learn and accept this one, but it paid off. Here’s a very simple fact of trading: Your trades always have a better chance of being successful when they’re made in the same direction as the overall trend.

3 – Wait for the best opportunities

Patience is very much a virtue in forex trading. The forex markets are open and actively trading 24 hours a day, 5 days a week—that means there will be countless occasions to take excellent trading opportunities in any given week, any given trading day.

4 – BE the Casino

The house, the casino, always wins at the end of the day in gambling. In your trading, you should try to be like the casino (not like the reckless gambler destined to lose money).