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In trading everyone should have some rules

Pengus
Jan 18 2021 at 16:19
11 příspěvků
Any strategy makes sense if you figure it out well and really test it in practice.
This can be tested with different assets and timeframes.
And it's better to do it on a demo, of course.

forextrader777
Jan 21 2021 at 04:33
128 příspěvků
I agree! Set some rules and stick to them. That's how you can improve and enhance your trading skills.

MichaelEX
Jan 28 2021 at 09:47
48 příspěvků
Everyone should have some rules and more important is to stick to those rules.
My golden investment rule - Never invest money that you can't afford to lose.

LyudmilLukanov
Jan 28 2021 at 11:32
796 příspěvků
forextrader777 posted:
I agree! Set some rules and stick to them. That's how you can improve and enhance your trading skills.

You are right. But traders often fail to execute their plan perfectly due to psychological fact.

ElliotCooke
Jan 28 2021 at 19:06
341 příspěvků
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.

MichaelEX
Feb 02 2021 at 09:57
48 příspěvků
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.

forexminded
Feb 11 2021 at 09:18
35 příspěvků
Setting some trading rules for yourself is really helpful in the longer run if followed seriously.

TradeHut
Feb 18 2021 at 12:03
31 příspěvků
The rules to make your trading beneficial are having sufficient knowledge, a trading plan and patience.


LeviSievwright5
Feb 18 2021 at 16:34
298 příspěvků
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.

Chelsea Blacks (blackChelsea)
Feb 24 2021 at 11:08
125 příspěvků
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.

Sam (Rasperr)
Feb 24 2021 at 15:53
25 příspěvků
UweMoench posted:
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.

Rules/strategy is essential.
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.

triticieek
Mar 18 2021 at 09:46
35 příspěvků
Well, that depends from trader to trade. Some of them like to set some rules and boundaries while others trade as they wish.

angelicafreeman
Apr 05 2021 at 09:55
13 příspěvků
That is right and if every trader sets individual rules, they can achieve them in time and make some good profits.

Dictiony
Apr 05 2021 at 10:10
231 příspěvků
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.

SofieAndreasen
Apr 05 2021 at 14:01
759 příspěvků
Dictiony posted:
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.

Traders also need a profitable trading strategy to make consistent profits and survive in the market.

AliaDare
Apr 05 2021 at 15:31
788 příspěvků
Dictiony posted:
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.

Yes, that's right. It is impossible to be a professional trader without an idea of the basics.

Akasuki
Apr 06 2021 at 10:30
500 příspěvků
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.

RobSchiz
May 06 2021 at 07:10
567 příspěvků
Akasuki posted:
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.

Following rules is very much important for every trader to make money form this market.

UweMoench
May 10 2021 at 08:02
751 příspěvků
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.

Sar John (Sarjohn)
May 12 2021 at 08:31
187 příspěvků
Dictiony posted:
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.

Totally agree, to become a profitable trader you would need to follow basic rules and create your well defined strategy.

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