The consistent winners follow a winning approach:They have a strategy to enter and exit tradesThey use good money management They take consistent actions, they follow a trading plan They keep good records so they can review their actions They avoid overtrading They have a winning attitude A strategy to enter and exit tradesYou need to a program to put the odds in your favor for efairly single trade you takeour strategy should be as objective as prospective and include the following elements: Entry: conditions required before you can enter a trade - may well include technical analysis, simple analysis, or bothnitial stop loss: expense at which you will close the entire position if it does not go in your favorhe risk per share is the difference between the entry price and the initial stopnitial expense objective: expense at which you will take some or all profits if the trade goes in your favorrade management: set of rules that dictates your actions while a trade is openedt may possibly include tr ... [Read More - How Forex Rates Are Determined]
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