The 7 Deadly Sins of FOREX - and how to Avoid Them by Marc Low - HTML preview

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SOLUTION:

If you invest in a new system or technique, give it some time. Success is measured in hundreds or thousands of trades, not just a handful. No one can say with any certainty after only a few trades whether something is a success or not. Budget your time, energy, and capital wisely. Lay out a schedule for testing. If after several weeks (or months) of DEMO (!) trading, the strategy is yielding positive returns, begin trading with real dollars. But never, under penalty of drained accounts, begin trading a strategy unless it has proved itself in a virtual environment. Investing real, after-tax dollars makes things more difficult, not easier.

10 The 7 Deadly Sins Of FOREX (And How To Avoid Them)