Tag Archives: forex axioms

12 of my favourite trading rules

12 great forex trading axioms

Some are sayings I’ve picked up along the way, some are rules I live by. Here’s to a great 2016.

Originally posted at ForexLive.

1.The trend is your friend
2.Everyone has a plan until they get punched in the face
3.Men who pick bottoms get smelly fingers
4.Beware of complex ideas. More trades have been ruined by making them too complex rather than too simple.
5.Half of everything (or more) we believe will be obsolete in the next 45 years
6.Never, under any circumstance add to a losing position…. ever!
7.If you start to see conspiracies, stop trading
8.Physical health, mental health and good trading are brothers
9.Time is on your side, You haven’t “missed” anything
10.If you feel ‘hope’, you’re in a bad trade
11.Never take tips
12.Living to fight another day is the most important trade

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