Jan 28 2021 at 11:32
forextrader777 posted:You are right. But traders often fail to execute their plan perfectly due to psychological fact.
I agree! Set some rules and stick to them. That's how you can improve and enhance your trading skills.
Jan 28 2021 at 19:06
Many traders trade in the market without any knowledge. It is very dangerous. It is the main reason to lose their money. If you want to build up your trading career you have to learn forex properly.
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.
Feb 11 2021 at 09:18
Setting some trading rules for yourself is really helpful in the longer run if followed seriously.
Feb 18 2021 at 12:03
The rules to make your trading beneficial are having sufficient knowledge, a trading plan and patience.
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.
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.
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.
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.
Apr 05 2021 at 10:10
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 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.
Apr 06 2021 at 10:30
Yes every trader should have some rules of what to do and what not to do in trading. It can help to reduce making mistakes.
May 10 2021 at 08:02
Most amateur traders take revenge trading to recover the loss. But the majority of time revenge brings misfortune for them. Trade should be opened only if it supports your strategy.
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.
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
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.
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.
May 14 2021 at 08:10
Ima think of course you need to have rules. How can you trade without any rules?? Ima can't believe in it. lmao.
Ima do what Ima want to
