FOREX

rules and disciplines of Forex

1. Never...Never...Never Trade with out a STOP LOSS!!!

2. Keep a hard copy of this list in front of you before you trigger ALL new orders.

3. For the first 90 Days trade only ONE Currency pair at a time.

4. Set a Daily Profit Target for and a Daily Loss Limit. If I make 100.00 in a day I walk away. If I loose 100.00 in one day I walk away.(Can NOT be changed for 90 Days from 9.14.2009)

5. Trade only the Majors for the First 90 Days.

6. NEVER CHANGE YOUR STOP LOSS after it is set unless a mistake has been made.

7. Do NOT trade within half of your Max Deal Available for danger of triggering an insufficient Margin Sell of position.

8. ADD to this List things that are CRITICAL. Take away things that are not.

9. If ever you become angry, upset, or overly excited about a trade. Walk away you have become emotional. NEVER NEVER NEVER trade with emotion, especially anger.

10. !!!!!FOREX MARKET CLOSES AT 4PM FRIDAY AND OPENS AGAIN AT 4PM ON SUNDAY!!!!!
****SLOWEST TIMES FOR TRADING ARE 12:30P-3:00P DO NOT TRADE THE SLOW TIMES FOR NOW***
MOST ACTIVE ARE 7P-8:10A
*****DO NOT TRADE FROM 4:30PM TO 6:30PM******