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What Are Your Golden Rules?
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LongVision

Member Since Apr 06, 2018  198 posts LongVision May 01 at 08:12
ScottyCarsonMVP posted:
LongVision posted:
ScottyCarsonMVP posted:
Wreeves posted:
1 - Don't revenge trade.
2- Proper risk management
3- Test new strategies for 1month and if fails then move on to the next one


Great rules here also!!!


I agree with point1 & 2 but 1 month is very short period to reject a strategy if strategy is profitable over long period(say 10years) of backtesting.


What timescale what you recommend instead? Or can this not be answered?


1 year with very low risk per trade(say 0.25%).

The market will trade through it’s path of least resistance .
momo3HC

Member Since Oct 20, 2018  62 posts momo3HC May 19 at 10:08
My main rule is to not risk what I can`t afford to lose.

john98

Member Since May 09, 2019  15 posts john98 May 21 at 06:07
My unparalleled standard! Hazard the board, deal with your hazard and you won't come up short.

john98

Member Since May 09, 2019  15 posts john98 May 22 at 05:44
Dont be ravenous, assume misfortune when required

Alexsajed

Member Since Apr 23, 2019  32 posts Alexsajed May 23 at 04:31
The Golden Rule is the principle of treating others as one's self would wish to be treated. It is a maxim that is found in many religions and cultures. The Golden Rule can be considered an ethic of reciprocity in some religions, although other religions treat it differently.

45656

Member Since Jun 29, 2019  53 posts 45656 Aug 04 at 01:36
My rules for achieving a profitable trading voyage is the successful utilization of funds with the proper monitoring of risks. I won't simply put my funds at hazards any moment. Rather I prefer to wait for the time pattern to be well organized so that after proper analysis i can make the best decisions for my funds.

Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Aug 04 at 04:16
ScottyCarsonMVP posted:
What timescale what you recommend instead? Or can this not be answered?



Multiple time frame analysis

If it looks too good to be true, it's probably a scam! Let the buyer beware.
smith_fx

Member Since Jul 09, 2019  23 posts smith_fx Aug 05 at 07:00
My golden rule is to trade without emotions and greed.

jaredtaylor

Member Since Aug 05, 2019  20 posts jaredtaylor Aug 16 at 07:48
Before trading, proper research should be undertaken which is hardly done. Investors generally go by the name of the company which is not the right way to put your money into the forex market. So, informed decision making is important.

PitCarry

Member Since Aug 16, 2019  8 posts PitCarry Aug 16 at 09:30
Professional4X posted:
ScottyCarsonMVP posted:
What timescale what you recommend instead? Or can this not be answered?



Multiple time frame analysis


For me that was the golden rule that really made a difference to my trading. All the other 'golden rules' are obvious but this one really changed my success rate

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