GOLDEN Rules of Profitable Trader's
Jun 27, 2021 at 10:39
1.Focus on your Trading system.
2.you have to chouse one strategy.
3.you have to know where is your Exit point before placeing your Entry.
4.RISK & MONEY MANAGEMENT is the key to sucess in your trading journey.
5.RISK REWARD must be above 1:2 , IF you take 100$ risk in your total capital,you must have target your profit 200$ or above.
6.wait ,wait and wait unless come to a good entry point,if you miss this please avoid this entry wait for your nest Entry.
7.IF your entry is in profit please Break Even your trade when it comes 1:1
7.Don.t forget this rules.
INVEST YOUR MONEY SAFE AND PROFITABLE WAY
(SHAH AFRIDI SHARMUN)
2.you have to chouse one strategy.
3.you have to know where is your Exit point before placeing your Entry.
4.RISK & MONEY MANAGEMENT is the key to sucess in your trading journey.
5.RISK REWARD must be above 1:2 , IF you take 100$ risk in your total capital,you must have target your profit 200$ or above.
6.wait ,wait and wait unless come to a good entry point,if you miss this please avoid this entry wait for your nest Entry.
7.IF your entry is in profit please Break Even your trade when it comes 1:1
7.Don.t forget this rules.
INVEST YOUR MONEY SAFE AND PROFITABLE WAY
(SHAH AFRIDI SHARMUN)
Invest your capital safe and secure way,
Member Since Mar 16, 2021
477 posts
Jun 30, 2021 at 15:24
That's great. You have found many important points. It is impossible to make a profit by maintaining these.
Member Since Jun 14, 2021
53 posts
Sep 06, 2021 at 12:21
These are some very useful points there man. I think you are right, people really need to focus on the entry and exit points. And I would like to add one more point to it, that never let the emotions take the driver’s seat, it is important for the traders to stick to their strategy.
Member Since Aug 13, 2021
43 posts
Sep 07, 2021 at 07:07
In order to become a profitable trader, there is a very important reminder is to always to control your cost way before you think of profit. Slippage, spread, and swap are the most important things to consider.
Member Since May 19, 2020
395 posts
Sep 07, 2021 at 10:45
(edited Sep 07, 2021 at 10:46)
It is always best to look for possible entry and exit points in advance. There should be several of them for different market behavior options. You shouldn't try to use all of them, but have to be prepared for a change in the situation.
I disagree with the idea that profits should be fixed earlier. If there is a clear trading plan and strategy, then the most correct scenario is the complete achievement of goals. But of course, situations are different and you need to keep the plan.
I disagree with the idea that profits should be fixed earlier. If there is a clear trading plan and strategy, then the most correct scenario is the complete achievement of goals. But of course, situations are different and you need to keep the plan.
@Marcellus8610
Member Since Aug 04, 2021
9 posts
Sep 20, 2021 at 10:19
hunter456 posted:
Breaking even at 1:1 is terrible advice. Every professional and experienced trader knows this.
Can you please explain why this is bad advice?
Member Since Jul 20, 2020
399 posts
Sep 22, 2021 at 06:51
sharmun posted:
1.Focus on your Trading system.
2.you have to chouse one strategy.
3.you have to know where is your Exit point before placeing your Entry.
4.RISK & MONEY MANAGEMENT is the key to sucess in your trading journey.
5.RISK REWARD must be above 1:2 , IF you take 100$ risk in your total capital,you must have target your profit 200$ or above.
6.wait ,wait and wait unless come to a good entry point,if you miss this please avoid this entry wait for your nest Entry.
7.IF your entry is in profit please Break Even your trade when it comes 1:1
7.Don.t forget this rules.
INVEST YOUR MONEY SAFE AND PROFITABLE WAY
(SHAH AFRIDI SHARMUN)
These are solid basic rules for trading for sure. As long as you stick to the rules and you try them out for 100 trades see how it goes. Then adjust if needed
Member Since Feb 20, 2021
53 posts
Sep 23, 2021 at 07:55
Surely the golden rules that everyone needs to follow! When a trader knows what they are doing, nothing seems difficult. They might not make any profits but their losses also come as lessons to them, which is the right mentality to trading forex.
Member Since Jun 17, 2021
46 posts
Sep 24, 2021 at 04:31
Along with all these rules, a trader must also learn to control their emotions. If a trader would be able to control their greed and frustration during a trade, entering and exiting trades at the right time gets easier.
Member Since Mar 17, 2021
536 posts
Oct 06, 2021 at 18:37
karenpeters posted:You should control your emotion, greed and give 100% effort to become successful in this market.
Along with all these rules, a trader must also learn to control their emotions. If a trader would be able to control their greed and frustration during a trade, entering and exiting trades at the right time gets easier.
Oct 06, 2021 at 20:09
There are lots of golden rules as far as I concerned. I just can point some of them. First one is always dedicate your time to learning and practicing. There is no trading activity without these twon things at all. If you don't learn and you don't practice, dont' expect that you will gain lots of money and experience. It's literally impossible. However, if you will dedicate this time, nobody will be compared to you. In addition, I would like to add here the rule never rushing. Rushing is the main mistake of all traders who came into trading for easy money. There is no easy money at all andd there is no easy money in life too.
Oct 08, 2021 at 09:26
Sometimes not doing anything can also be a part of the strategy. This is the most ignored yet important rule of trading. A good trader is the one who has the patience to sit and wait for the right opportunity, instead of acting upon every opportunity that comes their way.
Oct 09, 2021 at 16:47
davemack posted:
Sometimes not doing anything can also be a part of the strategy. This is the most ignored yet important rule of trading. A good trader is the one who has the patience to sit and wait for the right opportunity, instead of acting upon every opportunity that comes their way.
EXACTLY
Member Since Mar 16, 2021
477 posts
Oct 11, 2021 at 02:03
ChanKaiTai posted:The activities of the broker must be monitored. But with that I have to do more research on the topics.
In order to become a profitable trader, there is a very important reminder is to always to control your cost way before you think of profit. Slippage, spread, and swap are the most important things to consider.
Member Since Apr 09, 2019
538 posts
Oct 21, 2021 at 10:24
Number 6 is undervalued. ALWAYS let the trade come to you. Never go chasing it.
If you can't spot the liquidity then you are the liquidity.
Oct 29, 2021 at 10:46
Great rules for profitable trading I guess. In my opinion, traders should always search for some opportunities how to monetize their time which they dedicate to trading activity. No doubts, that if we speakabout firts steps in trading activity, as for monetization, then it's pretty difficult to tell about it because traders are used to lose their money. Nevertheless, they always should look at these situations as on the opportunities, which are opened for them and help them to earn much more money. It seems to me that traders are used to think negatively after lose streak, so I just want to teel that positive mood is the best thing for running profitable activity without any issues.
