Rich Mind with Gilbert

Advice When Trading Forex

Forex is different from stock investing. It is higher risk.

Tell them clearly:

⚠️ 1. Protect Capital First

Use:
• Stop-loss
• Proper lot sizing
• Risk only 1–2% per trade

📊 2. Avoid Overtrading

More trades ≠ more profit.
Discipline is profit.

🧾 3. Don’t Trade Without Strategy

Have:
• A tested strategy
• Risk-to-reward ratio
• Clear entry and exit rules

🚫 4. Don’t Depend Only on Signals

Even if you give free signals, they must:
• Understand market structure
• Understand risk management

Signals without knowledge = gambling.