DAILY TURNOVER ON THE FOREX MARKET IS AROUND 1.4 TRILLION

DAILY TURNOVER ON THE FOREX MARKET IS AROUND 1.4 TRILLION

FOREX MARKET IS 247 THE BIGGEST AND MOST LIQUID MARKET

ALWAYS USE STOP LOSS ORDERS OF AROUND 30 PIPS

NEVER LOSE MORE THAN 5% TO 8% OF YOUR TOTAL CAPITAL

LET YOUR PROFITS RUN AND KILL YOUR LOSES DEAD

DONT TRADE AGAINST THE TREND GO WITH THE TREND

HAVE ENOUGH STARTING CAPITAL TO TRADE $5000 OR £2500

REDUCE RISK BY CLOSING OUT TRADES EACH DAY

OVERNIGHT TRADES ARE AT RISK FROM SUDDEN EVENTS

FACTORS AFFECTING FOREX ARE INT RATES INFLATION AND POLITICS

WATCH BOTH TECHNICAL AND FUNDAMENTAL FACTORS

CHARTING INCLUDES TREND LINES SUPPORT AND RESISTANCE

APPROX 80% OF ALL FOREX TRADES LAST EIGHT DAYS OR LESS

TRADE WHAT YOU SEE ON CHART NOT WHAT YOU THINK

THINK IN TERMS OF HIGH PROBABILITIES NOT CERTAINTIES

TRENDS TEND TO LAST LONGER THAN YOU THINK

NEVER EVER TRADE AGAINST THE TREND

PRICE MOVEMENTS ON THE FOREX MARKET ARE VERY SMOOTH

CURRENCIES ARE TRADED ON A FLOATING EXCHANGE

CURRENCIES ARE ALWAYS TRADED IN PAIRS LIKE EURO DOLLAR