Forex Tips(part 2)

1. During the blowout stage of the market, either up or down, the risk managers are usually issuing margin call position liquidation orders. They don't generally check the screen to see what’s overbought or oversold; they just keep issuing liquidation orders. Make sure you stay out of their way.



2. Trust your instincts. If something feels wrong about a trade, don’t make it. It’s better to be superstitious than to loose money.



3. Rumour is king. Buy when you hear the rumour, sell when you hear the news.



4. The first and last ticks are always the most expensive. Get in the market late, and out early. And never trade in the direction of a gap, either opening or closing.



5. When everyone else is in, it's time for you to get out. If a stock or currency is overbought, it’s time to exit your position.