Tip #5   Don’t overtrade

Inexperienced forex traders can quickly become overconfident after a few winning trades. This can lead to overtrading – taking more and more trades in a short period of time. If you lose 2 or 3 times in a row, you should stop and forbid yourself (Oh, Discipline!) to take another trade for the next two days. The forex market will be there in two days. It’s always there. There’s something that could disappear, however, and that is your account equity, so take it easy, boy!