Really, all of trader’s dream of making huge amount of money from this financial market, but only professional Forex traders can do so! The general rules of trading are so much long, you have to follow 5 rules obviously and they are:
1) Trade with the trend: It’s called, trend is your friend. Trading against the market trend is always dangerous. Because, most of the time, market left it’s additional trend without showing any conformation or notice. So, you should stay with market trend, it’s much reliable.
2) Don’t use aggressive lot size: Maximum low skilled Forex traders try to make here quick money! They use higher trading lot willingly! But, it’s not proper way of trading! If you wanna trade here like a pro trader, then use only low trading lot size!
3) Use Fundamental data: You can’t rely on only indicator based trading strategy or system. Obviously, you have to know fundamental events of Forex very deeply. Professional Forex trader uses both kind of trading analysis, so you also have to absorb this method of trading.
4) Don’t close your running trades too earlier: In order to my research, I see a number of Forex traders close their good trades very quickly. On the other hand, they hold their losing trades for many days even for weeks!
5) Never use others trading strategy or system: In online you can get so many offers of profitable trading strategy or system. Never believe them! Please note that point, “You have to build up your own trading skill, for being a successful Forex trader here”.