In trading everyone should have some rules
Nov 12, 2021 at 11:23
I got used to think that there are two main categories of rules: those rules which are general for everybody and those rules which are individual. For example, if we speak about general rules then they sound like: keep patience, never rush, think wise and learn properly. As for invdidual rules, then traders either have them or not. Everybo decides by himsel/fherself whether you create a special system of rules or not. I ted to suppose that traders must create these rules, so for me, they are: never think that you can cheat on the market, never touch high leverages and work properly on your strategy. You can also ue my rules if it adds confidence to you.
Member Since Oct 29, 2021
70 posts
Nov 15, 2021 at 07:41
Having rules in your trading is essential for your success. It will help you to focus on what is important, and it will show you which trades are the best ones to take. You can also monitor your progress better when you have rules that you follow.
Member Since Jul 26, 2021
26 posts
Nov 16, 2021 at 13:10
The rules can be individual and also fundamental. The algorithm that allows the trader to get the maximum profit from each transaction is correct only for the current market. Be flexible and work with your set of rules, because what works now may not work tomorrow.
Member Since Aug 05, 2021
401 posts
Nov 16, 2021 at 14:47
Agreed. My biggest rules concern risk management, especially with how much I'm willing to risk on each trade. Guess I play things more on the safer side and it makes me feel a lot better knowing that there's a safety net. It's never a good idea to just go out there winging it.
Member Since Jun 19, 2020
38 posts
Nov 24, 2021 at 06:00
Rules are important to keep traders disciplined. When we set some rules and strictly follow them, it can save us from making some most obvious mistakes and helps us to remain consistent in following our trading plan.
Member Since Jul 20, 2020
399 posts
Nov 24, 2021 at 08:00
Willowerno posted:
Rules are important to keep traders disciplined. When we set some rules and strictly follow them, it can save us from making some most obvious mistakes and helps us to remain consistent in following our trading plan.
I think thats what it does most is keeps us consistent in our entries our exits and risk management. keep variables to a minimum which is the key to success imo
Member Since May 27, 2021
57 posts
Nov 24, 2021 at 10:30
Willowerno posted:I agree with you, if we will set some rules for ourselves it will definitely help us to be consistent and focused.
Rules are important to keep traders disciplined. When we set some rules and strictly follow them, it can save us from making some most obvious mistakes and helps us to remain consistent in following our trading plan.
Member Since Mar 17, 2021
536 posts
Nov 24, 2021 at 19:59
Willowerno posted:I agree with you.
Rules are important to keep traders disciplined. When we set some rules and strictly follow them, it can save us from making some most obvious mistakes and helps us to remain consistent in following our trading plan.
Member Since Nov 23, 2021
24 posts
Dec 07, 2021 at 05:46
Rules can be the difference between being successful at forex trading or not. Without rules, traders can quickly find themselves making poor decisions, which can lead to losses.
Dec 08, 2021 at 05:13
@traderjakelong Everyone has their own rules. Every successful traders may have different rules but they are common in one thing that's discipline.
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