11 Rules Of Successful Trading
1) Always use stop loss , it will help you to cut your losses automatically.
2) Get of the trade once you reach the target.
3) Trade according to your strategy not with the signals and guesses.
4) Prevent from entering the trade when price is at highest top and lowest low , wait for the right entry point.
5) Never ignore the news. Before entering any position make sure there is no high impact news in opposite trend.
6) Never open the position if you have any doubt about the trade.
7) Always check out the daily trend before starting trades.
8) Never do emotional trading , control greed.
9) You just closed the trade with loss because direction was wrong, DON'T get into new trade with opposite direction. Wait and track the chart. Don't think of getting your loss immediately back. You may loose more money.
10)Search for chart patterns like doubles,head n shoulders etc.
11)Try to learn new things daily.
2) Get of the trade once you reach the target.
3) Trade according to your strategy not with the signals and guesses.
4) Prevent from entering the trade when price is at highest top and lowest low , wait for the right entry point.
5) Never ignore the news. Before entering any position make sure there is no high impact news in opposite trend.
6) Never open the position if you have any doubt about the trade.
7) Always check out the daily trend before starting trades.
8) Never do emotional trading , control greed.
9) You just closed the trade with loss because direction was wrong, DON'T get into new trade with opposite direction. Wait and track the chart. Don't think of getting your loss immediately back. You may loose more money.
10)Search for chart patterns like doubles,head n shoulders etc.
11)Try to learn new things daily.
