jazzz

I feel there is no short in forex. To be a good trader or an investor, you need to have a program or rules in place before you even start,
Whether your an investor or a trader, the major rule that you must be aware of is that you never enter a trade without knowing when and where you are going to get out.

1 - A sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. Have a good understanding of the function of the market in general and those that keep the market operational. Understand, not only the market you are trading in, put be aware of all the products and services that you can upon if needed. Understand the basics of trading such as never trade against the trend, limit any & all loses by using stop orders and lock in any and all gains with sliding stops,

2 - Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you trade/invest. Be sure that you have sufficient monies on deposit to be able to take advantage of any & all opportunities the market provides us. To be in compliance with rules of the Federal Reserve cover security purchases.

3 - A money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested. You never invest more than 10% of your capital into any one position. You limit your loses to no more than 10% in any position.

4 – A full and complete understanding of the rules & regulations of the industry.