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In just about anything we do in life we do much better if we have a clear plan and a set of rules to follow and Forex trading is no exception. The problem here though is that Forex trading doesn't have any rules of its own and so it's important for traders to establish their own set of Forex trading rules. One of the biggest problems for the new Forex trader (and quite a few experienced traders) is that they are no real rules to Forex trading. Now in some ways that's one of the beauties of forex trading and it's nice to have the freedom to trade when you want to, to enter and exit positions whenever you feel like it, to increase or decrease an existing position and simply not to trade at all if you don't feel like it. But within this freedom there also lies considerable danger. No matter what we do in life there is no doubt that we do much better if we have a clear objective in mind and a road map to get us there. However, even though having a road to follow is esse...