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Successful Trading Rules

AniLorak
Feb 01 2021 at 14:12
920 posts
knowledge can be useless if there is no regular practice session , so we the traders first of all have to make sure regular practice.
senior (iackowlew)
Feb 01 2021 at 21:30
11 posts
Hello everyone. You are not tired of doing self-psychology here. There is a system-trade. Don't look at the balance as money. Look at them as just numbers. It's easier that way.
Тише едешь дальше будешь.
KnowFinance
Feb 02 2021 at 11:06
85 posts
For successful trading, you need to come with proper knowledge and skills.
Joz8
Feb 02 2021 at 11:34
104 posts
AniLorak posted:
knowledge can be useless if there is no regular practice session , so we the traders first of all have to make sure regular practice.
Agreed! Knowledge and skills go in vain, if not applied at the right time for the right purpose. Practice not only helps us to grow, but also develops our skills somewhere.
KnowFinance
Feb 03 2021 at 09:05
85 posts
Successful trading rules include sufficient knowledge, a proper trading plan, management of risks and capital and consistency in practising.
Adribaasmet
Feb 03 2021 at 12:32
994 posts
knowledge is more important, i know but any kind of knowledge can be useless
if there is no regular practice,  so we the traders have to make sure the the best practice session.
AmDiab
Feb 04 2021 at 14:21
718 posts
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  
LeviSievwright5
Feb 05 2021 at 00:28
298 posts
If you can use money management and risk management properly, your success ratio will increase. And with that, you have to work according to discipline and plan.
leahmclaughlin
Feb 10 2021 at 09:56
20 posts
Yes, having a successful trading plan can make a lot of difference to trading. It keeps you motivated and you can always work hard to achieve your goals.
Joz8
Feb 12 2021 at 07:51
104 posts
leahmclaughlin posted:
Yes, having a successful trading plan can make a lot of difference to trading. It keeps you motivated and you can always work hard to achieve your goals.
Do you prefer sticking to a single plan of action or frame multiple ones?
SteveHanks
Mar 19 2021 at 06:50
536 posts
I think goal is important in trading. But do not force your natural trading decision based on your target.
Hrenz
Mar 19 2021 at 08:35
38 posts
Trade, in general, should be based not only on goals, but also on additional resources.
Tremblay
Jul 27 2021 at 10:12
330 posts
SteveHanks posted:
I think goal is important in trading. But do not force your natural trading decision based on your target.
If you don't set a goal, you can not make a good strategy.
Imamul
Jul 28 2021 at 08:16
740 posts
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
SteveHanks
Jul 28 2021 at 10:34
536 posts
Tremblay posted:
SteveHanks posted:
I think goal is important in trading. But do not force your natural trading decision based on your target.
If you don't set a goal, you can not make a good strategy.
Yes. You are right.
Cuong (CuongVC)
Jul 28 2021 at 18:38
237 posts
What are the rules? Are they coming from math?
If you can prove that you can make money grows, tons of money will flow to you.
Tradelist45
Jul 29 2021 at 07:33
283 posts
automated trading is a source to bring profit even though there is no trading knowledge and experience , so of course someone can use it with no doubt.
croisssan
Jul 29 2021 at 10:03
939 posts
The key to getting good results is experience and training. If a trader pays attention to training and analyzing his work results, he will get success!
islandrock
Jul 29 2021 at 10:48
8 posts
Only trade if you are 100% confident in the trade. That is my 1 and only trading rule
Gavirus
Jul 31 2021 at 14:38
16 posts
In my opinion, every trader must have some rules which he/she has to comply. To my mind, these rules are:
1. Never be greedy and don't rush. It's verysignificant mainly because you are able to avoid serious mistakes. Of course mistakes are your experience, however if there are people who already made these mistakes, then you'd better listen to their advice.
2. Don't neglect money management and risk management practices. Actually, it's the same as the first rule, neverthless it's much more detailed rule, you know. Don't open a position if you're not sure.
3. Concentration and learning. It's simple. Just learn and practice, learn and practice. On demo, on a real acount or somehow else. Always concentrate on your trading activity and weigh all pros and cons according to a particular situation.
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