Flexible Forex Trading

Flexible forex trading is what you need to survive the forex market in the long run. Learn to be flexible when trading. Flexibility is critical for you if you want to survive in the forex market long term. Flexibility in trading means giving you options. Options to enter into a trade! Stay in it and get out of it.

Trade only one big lot and you essentially remove options from your table until you are faced with an all or nothing trade by becoming overexposed to any one position. Your survival is measured in days not years in the forex world.

Never ever trade without a stop loss in place! This is the most important risk management lesson. However, most of the time you will get stopped out of the market too soon! Most traders have had the frustrating experience of getting stopped out. Only to see the market return back to your entry point some times later on in the day. The only way to stay out of such situations is to stay flexible and trade multiple lots.

How do you test the markets? By making multiple entries! You should consider your initial entry as your toes testing the temperature of the market. If you find it too cold, then you should sit it out. By trading only one lot you are betting that the market will move 50/50 in your favor.

Just jump right in if you find the temperature right. Multiple entries gives you the flexibility to properly position yourself for the move or pull out with a small loss if your analysis proves correct by trading small until you think you have all the information and confirmation you need.

Learn to trade in multiple lots with multiple entries and multiple exits. Trading this way also means missing out on far fewer since pulling the initial trigger becomes less painful making the decision process much less stressful trades when compared to the all in one approach.