Traders 10th Commandment
Hi all here are the 10th commandment for forex traders
The 1st Commandment:Thou Shalt Always Protect Thy CapitalThe 2nd Commandment:Thou Shalt Always Trade With A PlanThe 3rd Commandment:Thou Shalt Learn Patience, Patience, PatienceThe 4th Commandment:Thou Shalt Scale In or Scale OutThe 5th Commandment:Thou Shalt Use Technical and Fundamental AnalysisThe 6th Commandment:Honor Thy Targets and Thy StopsThe 7th Commandment: Thou Shalt Keep a Written Trading JournalThe 8th Commandment:Thou Shalt Not Force TradesThe 9th Commandment:Thou Shalt Control Your EmotionsThe 10th Commandment:Thou Shalt Be a Disciplined Trader
Trade Safe
Yeah, it summarises pretty much everything. Next is having the strategy and emotional stability. I often find emotional stability comes when one is in a good state of rest. Don't trade when you're tired, unhappy, etc. Find your zone and trade there.
