In trading everyone should have some rules
Feb 02, 2021 at 09:57
Rules in trading are must for everyone and following those rules is more important than that. I also have my own trading rules, listing here some of them
· I risk only what I can afford
· I always use stop loss
· Keep close eye on headlines
· Learning daily about market through various books and articles
· I never trade without a plan or strategy.
· I risk only what I can afford
· I always use stop loss
· Keep close eye on headlines
· Learning daily about market through various books and articles
· I never trade without a plan or strategy.
Member Since Feb 04, 2021
35 posts
Feb 11, 2021 at 09:18
Setting some trading rules for yourself is really helpful in the longer run if followed seriously.
Member Since Jul 20, 2020
298 posts
Feb 18, 2021 at 16:34
Yes, I think the key to money trading success is discipline and plan. Because without these you will never be able to go ahead in trading. So every trader has to maintain these issues.
Member Since Jan 22, 2021
125 posts
Feb 24, 2021 at 11:08
Ofcourse! The financial goals and risk taking capacity of each trader is different and so are the rules. For example, for the risk management part, every trader should work on analysing the amount of risk he can take and then try to trade in that limit.
Feb 24, 2021 at 15:53
UweMoench posted:Rules/strategy is essential.
In trading everyone should have some rules. And you have to stick to those rules. Like there should have been a fixed risk reward ratio. It could be 1:1 or 1:2 according to your strategy. When you have risk reward ratio, you will open trade if the criteria is met. Sometimes we may need to take instant decision depending on the market situation. But rules should be there. That's the reason discipline is the key to success here.
It is the only way to accurately benchmark your decision making process and allow yourself to see 'where you went wrong' - without it, you're wasting your time.
Sam.peters@
Member Since Dec 18, 2020
35 posts
Mar 18, 2021 at 09:46
Well, that depends from trader to trade. Some of them like to set some rules and boundaries while others trade as they wish.
Member Since Jan 07, 2021
13 posts
Apr 05, 2021 at 09:55
That is right and if every trader sets individual rules, they can achieve them in time and make some good profits.
Member Since Jul 23, 2020
759 posts
Apr 05, 2021 at 14:01
Dictiony posted:Traders also need a profitable trading strategy to make consistent profits and survive in the market.
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.
Apr 05, 2021 at 15:31
Dictiony posted:Yes, that's right. It is impossible to be a professional trader without an idea of the basics.
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.
May 12, 2021 at 08:31
Dictiony posted:Totally agree, to become a profitable trader you would need to follow basic rules and create your well defined strategy.
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.
Member Since Apr 14, 2021
9 posts
May 12, 2021 at 11:11
I prefer to use other traders strategies. I tried to build my own but none worked. Now I use other peoples knowledge to help me trade
Member Since Sep 12, 2017
238 posts
May 13, 2021 at 10:33
I dont think rule is the right word. Once needs to focus on his/her strength. When it is followed you can do wonders mixing it with discipline.
Member Since Dec 05, 2020
81 posts
May 13, 2021 at 11:52
Its okay to have some rules. Those aren't rules that would apply to everyone and anyone. But things that work for an individual. I do feel its important to establish and define what works for you and give them the name of rules.
Member Since Jul 09, 2019
38 posts
May 14, 2021 at 08:49
Everything that you face in life always come with rules and that is how we are able to survive and exist.
Same thing can be said to forex trading or trading in general.
Same thing can be said to forex trading or trading in general.
