There is lots of “Advice for Traders”, “Golden Rules of Forex” etc. of all kinds. We did not attempt to make a compilation of them in this article. We propose certain general rules to guide a trader and help him/her make their first steps. Unfortunately, our experience shows that you will be breaking rules, but this is a process of education. By breaking rules and making mistakes you will develop trading skills and make your own rules and laws. At the end of the day, they are what will bring you success.
For our part, we offer several general recommendations for you to rely on in order to avoid heavy losses when you begin. Giving recommendations for every occasion is very difficult. Tips provided below may not apply to certain situations or strategies. Therefore, you should not take them as dogmas.