| Do : |
| Do make sure to keep a constant
eye on your margin. If your available
margin drops too low, your broker
will make a margin call. If you don't
deposit money within 24 hours, they
will sell your currency for the current
market value, and you can take substantial
losses. |
| |
| Don't : |
| Don't EVER invest more money than
you can afford to lose. All over the
internet are horror stories of people
investing their life savings into
programs. The best advice is to consider
your income and your plans, and make
sure that necessities are put first.
Substantial losses are sometimes hard
to recover. |
| |
| Do : |
| Do utilize stop/loss purchases.
These decrease the likelihood of extreme
losses. If used correctly, these techniques
can actually increase your earnings
because it will sell if it gets too
high, but continue accumulating as
it increases. |
| |
| Don't : |
| Don't make too many transactions
at a time if you plan on carefully
watching each currencies movement.
Multiple transactions cause problems
when timing is as important as it
is. Keep your purchases to a maximum
of 2-3 at a time. This makes it much
easier to buy and sell quickly. |
| Utilizing these simple do's and
don'ts can save you from a potential
lifetime of problems. Just make sure
to take care with your spending and
use common sense when dealing with
money. |
| |
| |
