1. When fixing have arrived in the transaction which, in your opinion still has long-term potential (but, probably, it is vulnerable from the point of view of short-term correction) develop the plan of renewal of a position. If the market doesn’t make the essential return, allowing renewing a position, watch occurrence of price models which can be used for a choice of the moment of a new input in the market.

Be not afraid to open again a position even if the new point of an input in the market appears worse, than an exit point if representations about long term of a trend and present situation estimation assume position renewal. Inability to return to the market at the worst price can often lead to loss of the basic part of the big trends.

2. When you trade several contracts avoid an emotional trap which consists in desire to be right on 100 %. In other words, fix profit parts. Always try to keep, at least, a partial position in a trend direction – until the market won’t generate convincing turn back figure or will not reach an important protective stop.

3. Always pay more attention to behavior of the market and formation of price models than to target objectives and support/resistance areas. The last can often cause that your correct opinion concerning the market will change prematurely.

4. When you feel that it is necessary to act to open a position or to leave it so you should act immediately.

5. Never arrive against own opinion concerning a long-term trend of the market. In other words, don’t try to sit on two chairs.

6. Advantageous positions, as a rule, have positive revaluation from the very beginning.

7. The correct choice of time for opening of a position and an exit from it can often save an immediate exit from the big losses, even if a position is failure.

8. Intraday decisions are almost always incorrect. Don’t be engaged in intraday trade.

9. Necessarily check the markets before closing on Friday. The situation is often visible more clearly by a weekend. In similar cases the best price of an input or an exit can be usually received before closing on Friday, than at stock exchange opening next Monday. This rule, in particular, is important if you hold an essential position.

10. Dreams about the market can quite form the basis for actions (when memoirs on them unambiguously). Such dreams often come true as they represent your subconscious knowledge of the market which makes the way through the barriers established by conscious thinking (for example, As I can buy here if I could open a long position on $2000 more low last week?).

11. You can’t have immunity from bad trading habits. The best that you can make is to suppress them. Laziness and negligence will quickly lead to their homing.

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