LandOfCash Forex expert advisors, Trailing EA, Indicators.

Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

LOCTrailing With Partial Close Expert Advisor protect your orders profit. Trail stop level for manual and automatic orders with different algorithms, move stop loss into breakeven.

LOCInfo Custom Indicator follow the simple rules and make the right decision when to buy or sell. View Moving Average, Stochastic indicators from multiple time frames in one place.

painofhell
  • Posts: 1381
  • Joined: 25/09/2016
RULE #1) ~ Cut your losers; let your winners ride.

One important thing that every new trader must know before entering this highly profitable business is that life is not perfect, even in FOREX land, and you should always know one fact: YOU WILL HAVE LOSING TRADES.

Every FOREX trader does. The key to being a consistent, predictable, reliable trader is to, at the end of the day, add up more wins than losses. And, when you KNOW(based off your trading rules), without a doubt, that YES, indeed you are, in a losing trade, don't keep losing money (lowering your stop loss) just to *prove you are right* or your rules are wrong (however you want to look at it).

Let's face it - you can't turn a sow's ear into a silk purse. You can't change the spots of a leopard and you can't turn chicken poop into chicken salad. The best trades are usually "right" immediately (the techniques, rules, methods and strategies you can learn in our resources list will be your best indicator for just what a "right" trade really is).

Remember, people have been trading the markets for a hundred and sixty years. The smart traders know there's going to be another trade. Cut your loses short and compound those winning positions.

RULE #2) ~ Thou Shall Not Trade the FOREX Without the Placing of a Stop Loss Order.

When you place a STOP order, right along with your ENTRY order, via your online trade station, you've just automatically prevented a potential loss from "running" too far.

Before initiating any trade, if you haven't already figured out at what point you would be wrong and would want to cut your loses or, at the very least, reevaluate your position from the sidelines, then you shouldn't be putting on the trade in the first place.

Show us a FOREX trader who doesn't use stop loss orders and we'll show you someone who loses a lot of money.
Open Account: Real / Demo
www.instaforex.com 
mashur
  • Posts: 41
  • Joined: 26/01/2017
"RULE #1) ~ Cut your losers; let your winners ride.
One vital thing that each new trader must know before entering this profoundly beneficial business is that life is not immaculate, even in Forex land, and you ought to dependably know one certainty: YOU WILL HAVE LOSING TRADES.
RULE #2) ~ Thou Shall Not Trade the Forex Without Placing a Stop-Loss Order.
When you put in a STOP request, appropriate alongside your ENTRY arrange, by means of your online trade station, you've quite recently naturally kept a potential misfortune from ""running"" too far.
Before starting any trade, in the event that you haven't effectively made sense of when you would not be right and would need to cut your loses or, in any event, rethink your position from the sidelines, then you shouldn't put on the trade in any case. I do binary options trading at lxmarkets.com "
John Wright
  • Posts: 37
  • Joined: 07/02/2017
"Rule #1) ~ Cut your failures; let your champs ride.
One essential thing that each new trader must know before entering this significantly advantageous business is that life is not faultless, even in Forex land, and you should reliably know one conviction: YOU WILL HAVE LOSING TRADES.
Rule #2) ~ Thou Shall Not Trade the Forex Without Placing a Stop-Loss Order.
When you put in a STOP ask for, fitting close by your ENTRY mastermind, by methods for your online trade station, you've as of late actually kept a potential setback from ""running"" too far. I do binary options trading at lxmarkets.com "
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