Forex Trading For A Living 6 Cardinal Rules to Sustain Your Forex Trading Career

Learning how to trade forex successfully and being a full time forex
trader is a lot more than analyzing forex charts, then jumping in on
your forex investment. There are plenty of currency traders that are
successful for a short period of time and then fall apart and lose
their edge. br





As a professional and full time forex trader myself, Ill like to share
the 6 cardinal rules as a personal advice to help you sustain your
career as a full time forex trader.br
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1. Dont forget to check your economic calendarbr
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It sounds like something that should be obvious, but you would be
surprised at the number of currency traders who forget to simply check
the economic calendar each and every morning to make sure that they
dont miss out economic data releases. If you want to avoid a situation
where you spend all day trying to find a good investment opportunity
and then have it fall by the wayside because of this, go to a site like
the Forex Factory each and every day before you jump into the action.br
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2. Use economic forums to your advantagebr
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When you are trading, forex forums can serve two purposes for you.
First, theyre going to provide you with a productive way take a break
during slow periods of business. The life of a full time trader can be
very boring. Second, youre going to have a way to discuss forex
trading intelligently with other likeminded individuals as youre
rarely going to be in a situation where someone else in your household
could even care what you are talking about.br
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3. Enjoy your lifebr
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After spending all day in a high paced environment and staring on the
monitors while youre doing forex trading online, you need to get out
and interact with some human beings again. Crunching numbers all day
and being exposed to the level of stress youre going to have in the
forex market demands a little release. Make some time to get out and
enjoy yourself and you wont regret it.br
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4. Dont allow yourself to get lazybr
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If you are successful currency trader or just learning to trade forex,
one of the best forex tips I can give you abouts something other than
forex is to not fall into the trap of getting sedentary and spending
all your time worrying about the forex market. In order to keep your
body in shape and your mind fresh, youre going to have to get your
fair share of exercise. This is not a job is going to create a lot of
movement. You be sitting down all day at a computer and exercise will
help in keeping you sharp.br
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5. Get off your computer a couple of times a daybr
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You are going to learn very quickly that the more you sit at your
computer, the less focused you become. This is extremely dangerous in
the forex trading. There is nothing wrong with treating yourself to a
quick 15 minute break so you can go out and get some fresh air a couple
times a day. Its a quick way to recharge your batteries and regain
your focus to take a successful trade.br
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6. You work hard for that money, now make it work for youbr
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Forex trading is not the only place where your money can grow. Once you
have established yourself as a successful trader, pull some of that
money out and put it to work in other areas. You may decide to buy some
investment properties or dive into a separate market and allow your
money to grow in other ways. It also serves to diversify your portfolio.