Interestingly, when Sun Tzu, the great Chinese military leader, more than 2000 years writing his "Art of War", he had no idea how this work can help to turn Forex in the distant future. In my humble opinion, Sun Tzu might be one of the best traders of all time. Let's turn to this source of wisdom:
1 Knowledge.
Sun Tzu wrote that one must not only know the enemy, you must know himself. I'm not saying that the Forex market is your enemy. But, if you do not know what you're doing, they can easily become.
The second part - to know yourself is vital. You have to know your strengths and weaknesses. Know yourself, and you - will win.
2 Be ready.
Sun Tzu wrote that in the event of unforeseen circumstances, you need to be prepared in advance, this is the greatest virtue of the commander.
During the trading session, have a prearranged trading plan, which makes it easy to decide in each case and is certainly important for all of your Forex trading.
3 Speed.
Relative speed, Sun Tzu wrote that it is most important in the war, no one can afford to ignore this opportunity.
Once your system alert you to enter into the reality of a good deal - do it! Do not hesitate. If you delay, the chance may be missed.
4. Allies.
Sun Tzu said that, what benefits can provide allies, I know, forex trading, most traders - it solo - enterprise. But this does not mean that you can not ask for help from a good mentor. More experienced investors to help develop the skills much more effectively and more quickly than you would have done it ourselves.
5 Learn to choose your battles.
"If the fight can not be won, do not get involved in it"
What I'm trying to say here - you need to be prepared for any possible outcome. Make a plan and follow it diligently.
Anyone with the determination and collection of necessary information can learn to trade in the Forex market. Here, the initial costs are very low, schedules are very flexible, the potential profit to be washed very attractive.
1 Knowledge.
Sun Tzu wrote that one must not only know the enemy, you must know himself. I'm not saying that the Forex market is your enemy. But, if you do not know what you're doing, they can easily become.
The second part - to know yourself is vital. You have to know your strengths and weaknesses. Know yourself, and you - will win.
2 Be ready.
Sun Tzu wrote that in the event of unforeseen circumstances, you need to be prepared in advance, this is the greatest virtue of the commander.
During the trading session, have a prearranged trading plan, which makes it easy to decide in each case and is certainly important for all of your Forex trading.
3 Speed.
Relative speed, Sun Tzu wrote that it is most important in the war, no one can afford to ignore this opportunity.
Once your system alert you to enter into the reality of a good deal - do it! Do not hesitate. If you delay, the chance may be missed.
4. Allies.
Sun Tzu said that, what benefits can provide allies, I know, forex trading, most traders - it solo - enterprise. But this does not mean that you can not ask for help from a good mentor. More experienced investors to help develop the skills much more effectively and more quickly than you would have done it ourselves.
5 Learn to choose your battles.
"If the fight can not be won, do not get involved in it"
What I'm trying to say here - you need to be prepared for any possible outcome. Make a plan and follow it diligently.
Anyone with the determination and collection of necessary information can learn to trade in the Forex market. Here, the initial costs are very low, schedules are very flexible, the potential profit to be washed very attractive.