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Trading rules which are better broken!

blixtpiece
Oct 31 2022 at 09:47
45 posts
I got some -
 . Stick to a strategy
 . Play safe with leverage
 . Trade only majors
Let's get rolling……


WhiteWitcher
Oct 31 2022 at 12:08
74 posts
Oh rule with leverage doesn't work for me too. Or I am a risky guy. lmao.
But the most broken rule I believe is
put SL to save your money.
HeavenLeighGill (HeavLeighGill26)
Nov 01 2022 at 17:34
401 posts
Leverage can really make or break you. A lot of experts stick with around 1:100 leverage, even though they can afford to risk more if they want to. It isn't going to kill their account. I think it's smart not to break that rule - always be careful.
blixtpiece
Nov 03 2022 at 05:55
45 posts
WhiteWitcher posted:
Oh rule with leverage doesn't work for me too. Or I am a risky guy. lmao.
But the most broken rule I believe is
put SL to save your money.
That’s true, using SL and TP puts traders in a shell. Sometimes the fun is in the unpredictability, but those who add SL and TP never get to enjoy that.

blixtpiece
Nov 03 2022 at 06:06
45 posts
HeavLeighGill26 posted:
Leverage can really make or break you. A lot of experts stick with around 1:100 leverage, even though they can afford to risk more if they want to. It isn't going to kill their account. I think it's smart not to break that rule - always be careful.
Being careful is important, but I think using more than 1:100 leverage won’t harm if traders know what they are doing. Volatility has always been there in the market, but that’s what helps traders go from rags to riches.
Marcolis
Nov 05 2022 at 10:07
219 posts
Technical analysis is quite handier than fundamental analysis because only platform analysis is required in technical analysis.
leon90
Nov 08 2022 at 06:30
40 posts
I feel one should only operate when they know that this market works by logic and not by risk.
SteveFx11
Nov 08 2022 at 07:46
183 posts
Forex traders have to be mentally bold enough so no sudden collapse can cause harm to traders. But we see many traders are mentally weak with low sustaining power.
WhiteWitcher
Nov 14 2022 at 14:23
74 posts
blixtpiece posted:
WhiteWitcher posted:
Oh rule with leverage doesn't work for me too. Or I am a risky guy. lmao.
But the most broken rule I believe is
put SL to save your money.
That’s true, using SL and TP puts traders in a shell. Sometimes the fun is in the unpredictability, but those who add SL and TP never get to enjoy that.


Oh that's right. I'm not one of those people who likes to box themselves in. Therefore, I prefer to trade without using stop loss.
P.S. The main thing is not to go to the shower until the order is closed. lmao.
Keli_3
Nov 15 2022 at 05:53
41 posts
In my opinion, trading with wise leverage rule is better to be broken.
Masticate
Nov 28 2022 at 07:24
23 posts
I don’t think any rule should be broken. These rules are created for a reason. I think maintaining trading psychology is the most important aspect in trading that requires real effort.
WhiteWitcher
Nov 28 2022 at 16:27
74 posts
Masticate posted:
I don’t think any rule should be broken. These rules are created for a reason. I think maintaining trading psychology is the most important aspect in trading that requires real effort.

Oh a lot of things were always made up for something. But you can come up with anything, and at the same time be absolutely useless. lol.
SteveFx11
Dec 03 2022 at 06:37
183 posts
To become a good forex trader, you have to be a good planner. For developing a plan, traders need to predict the market destination through market analysis.
tigerron
Dec 03 2022 at 08:41
26 posts
I believe that making rules one cannot follow is not a good idea; discipline is crucial in trading.
LyudmilLukanov
Dec 03 2022 at 10:36
869 posts
Traders mostly rack up their brains thinking how to increase their profit earnings ratio and however they can hardly come to a solution.
Piffling
Dec 07 2022 at 07:51
29 posts
Traders should get familiar with technical and fundamental analysis so they can choose which style they need to go with depending on the market changes. Placing stop loss at the start of each trade and calculating a risk reward ratio are measures to lower risk and earn profit.
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