Forex Trading Basics

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xThe Three Laws of successfuL Trading The Three Laws of successfuL Trading YourTRADINGedge http://www.ytemagazine.com/ MaY/Jun 2010 Mario Singh on how to become consistently profitable in the forex market. The Three Laws of successfuL Trading aving had the privilege of speaking to audiences about FX trading worldwide, I have noticed a common question: “What is the best strategy to trade forex?” Each time I hear the question, I can’t help but smile. After all, that was my biggest question when I first started trading forex. It’s almost always, “Give me the strategy first, and we’ll talk about trading later!” In this article I hope to shed some light on successful trading, and how we can all get there. Let’s start with the definition of a successful trader. The benchmark of a successful trader is that he must be consistently profitable. Notice the word ‘consistently’. I’m never impressed when I hear someone is “making 500 per cent in a month”. Don’t get me wrong – th...