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GOLDEN Rules of Profitable Trader's

InvestoFX (sharmun)
Jun 27 at 10:39
posts 1
1.Focus on your Trading system.
2.you have to chouse one strategy.
3.you have to know where is your Exit point before placeing your Entry.
4.RISK & MONEY MANAGEMENT is the key to sucess in your trading journey.
5.RISK REWARD must be above 1:2 , IF you take 100$ risk in your total capital,you must have target your profit 200$ or above.
6.wait ,wait and wait unless come to a good entry point,if you miss this please avoid this entry wait for your nest Entry.
7.IF your entry is in profit please Break Even your trade when it comes 1:1
7.Don.t forget this rules.

INVEST YOUR MONEY SAFE AND PROFITABLE WAY
                (SHAH AFRIDI SHARMUN)


Invest your capital safe and secure way,
Tremblay
Jun 29 at 06:52
posts 330
sharmun posted:
1.Focus on your Trading system.
2.you have to chouse one strategy.
3.you have to know where is your Exit point before placeing your Entry.
4.RISK & MONEY MANAGEMENT is the key to sucess in your trading journey.
5.RISK REWARD must be above 1:2 , IF you take 100$ risk in your total capital,you must have target your profit 200$ or above.
6.wait ,wait and wait unless come to a good entry point,if you miss this please avoid this entry wait for your nest Entry.
7.IF your entry is in profit please Break Even your trade when it comes 1:1
7.Don.t forget this rules.

INVEST YOUR MONEY SAFE AND PROFITABLE WAY
                (SHAH AFRIDI SHARMUN)


Very nice post. Everybody should follow this.

LukeRachel
Jun 30 at 15:24
posts 395
That's great. You have found many important points. It is impossible to make a profit by maintaining these.

marindateal
Sep 06 at 12:21
posts 53
These are some very useful points there man. I think you are right, people really need to focus on the entry and exit points. And I would like to add one more point to it, that never let the emotions take the driver’s seat, it is important for the traders to stick to their strategy.

BrokerChoice (ChanKaiTai)
Sep 07 at 07:07
posts 43
In order to become a profitable trader, there is a very important reminder is to always to control your cost way before you think of profit. Slippage, spread, and swap are the most important things to consider.

Marcel Durham (MarcellusLux)
Sep 07 at 10:45
posts 95
It is always best to look for possible entry and exit points in advance. There should be several of them for different market behavior options. You shouldn't try to use all of them, but have to be prepared for a change in the situation.
I disagree with the idea that profits should be fixed earlier. If there is a clear trading plan and strategy, then the most correct scenario is the complete achievement of goals. But of course, situations are different and you need to keep the plan.

hunter456
Sep 18 at 23:26
posts 4
Breaking even at 1:1 is terrible advice. Every professional and experienced trader knows this.

notoriousfox1
Sep 20 at 10:19
posts 9
hunter456 posted:
Breaking even at 1:1 is terrible advice. Every professional and experienced trader knows this.


Can you please explain why this is bad advice?

CraigMcG2020
Sep 22 at 06:51
posts 166
sharmun posted:
1.Focus on your Trading system.
2.you have to chouse one strategy.
3.you have to know where is your Exit point before placeing your Entry.
4.RISK & MONEY MANAGEMENT is the key to sucess in your trading journey.
5.RISK REWARD must be above 1:2 , IF you take 100$ risk in your total capital,you must have target your profit 200$ or above.
6.wait ,wait and wait unless come to a good entry point,if you miss this please avoid this entry wait for your nest Entry.
7.IF your entry is in profit please Break Even your trade when it comes 1:1
7.Don.t forget this rules.

INVEST YOUR MONEY SAFE AND PROFITABLE WAY
                (SHAH AFRIDI SHARMUN)



These are solid basic rules for trading for sure. As long as you stick to the rules and you try them out for 100 trades see how it goes. Then adjust if needed

jonathandaniel
Sep 23 at 07:55
posts 49
Surely the golden rules that everyone needs to follow! When a trader knows what they are doing, nothing seems difficult. They might not make any profits but their losses also come as lessons to them, which is the right mentality to trading forex.


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