What are some lessons youamp;#39;ve learned from trading in the ForEx? -

I m just learning about the ForEx and I d like to hear about personal experiences and lessons learned. trade in the direction of the trend write a trading plan and follow it trade with stops and manage trade by moving stops trade only new, larger trends understand parallel and inverse analysis understand support and resistance if you have a substantial profit close out half of your lots and let the rest ride with breakeven stop (playing with the houses money) good trading mark mc donnell www.forexearlywarning.com Money Management amp; position sizing are the most important tools to be successful. You should be able to make a nice living, even if 50% of your trades are stopped out. Greed, fear and indicision are your worst enemies. Don t use quot;alertquot; services. The drawdowns will kill you! Have an entry and exit stradegy before getting in a position. Never do something because you quot;thinkquot;, quot;knowquot; or quot;wantquot; something to happen. 95% of FX traders fail. Make a plan and follow it.