Forex Popular phrases /TRADING WORDS OF WISDOM
Forex Popular phrases /TRADING WORDS OF WISDOMππ
π¬ Don’t bet your house.
π¬ Don’t marry a position.
π¬ Always be with the big fish.
π¬ Buy the rumors, sell the facts.
π¬ Buy from low, sell from high.
π¬ Don’t Stand in Front of a Train.
π¬ Don’t double up on losing position.
π¬ Understanding market correlations.
π¬ Plan your trade and trade your plan.
π¬ No one ever went broke taking a profit.
π¬ It’s never too low to sell or too high to buy.
π¬ Sit on your hands when you don’t have a clue.
π¬ Going Long – Opening a Bullish (buying) trade.
π¬ Buy from the demand zone, sell from the supply zone.
π¬ Let your profits run, but cut your losses short.
π¬ Cutting Short – To close a losing position early.
π¬ Going Short – Opening a Bearish (selling) trade.
π¬ In this business, if you’re good, you’re right seven times out of ten. You’re never going to be right nine times out of ten.
π¬ Markets go up the stairs and down the elevator.
π¬ Don’t let a winning position turn into a losing one.
π¬ Understanding how and why your chosen FX market moves.
π¬ Bulls Make Money, Bears Make Money, but Pigs Get Slaughtered.
π¬ Plunging – A price that’s sinking or falling from its previous value.
π¬ Don’t focus on making money, focus on protecting what you have.
π¬ Currency rallying – A price that recovers after a period of its decline.
π¬ The goal of a successful trader is to make the best trades. Money is secondary.
π¬ In this business, if you’re good, you’re right seven times out of ten. You’re never going to be right nine times out of ten.
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