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GOLDEN Rules of Profitable Trader's

owlkitten
Sep 23 at 10:28
posts 9
Why must risk reward be above 1:2. Seems a bit arbitrary to me. What not use 1:1 or 1:0.5 and have a much higher win rate

karenpeters
Sep 24 at 04:31
posts 46
Along with all these rules, a trader must also learn to control their emotions. If a trader would be able to control their greed and frustration during a trade, entering and exiting trades at the right time gets easier.

SteveHanks
Oct 06 at 18:37
posts 458
karenpeters posted:
Along with all these rules, a trader must also learn to control their emotions. If a trader would be able to control their greed and frustration during a trade, entering and exiting trades at the right time gets easier.

You should control your emotion, greed and give 100% effort to become successful in this market.

Grimatio
Oct 06 at 20:09
posts 6
There are lots of golden rules as far as I concerned. I just can point some of them. First one is always dedicate your time to learning and practicing. There is no trading activity without these twon things at all. If you don't learn and you don't practice, dont' expect that you will gain lots of money and experience. It's literally impossible. However, if you will dedicate this time, nobody will be compared to you. In addition, I would like to add here the rule never rushing. Rushing is the main mistake of all traders who came into trading for easy money. There is no easy money at all andd there is no easy money in life too.

davemack
Oct 08 at 09:26
posts 29
Sometimes not doing anything can also be a part of the strategy. This is the most ignored yet important rule of trading. A good trader is the one who has the patience to sit and wait for the right opportunity, instead of acting upon every opportunity that comes their way.

hunter456
Oct 09 at 16:47
posts 4
davemack posted:
Sometimes not doing anything can also be a part of the strategy. This is the most ignored yet important rule of trading. A good trader is the one who has the patience to sit and wait for the right opportunity, instead of acting upon every opportunity that comes their way.


EXACTLY

Connrad Dorsey (yefoledy)
Oct 09 at 23:05
posts 19
So: I would like to add here the rule never rushing. Rushing is the main mistake of all traders who came into trading for easy money. There is no easy money at all andd there is no easy money in life too.....

croisssan
Oct 10 at 08:22
posts 500
As for me, it is better to apply each rule to a specific trader. For whatever one may say, but the features of the work may be different.

LukeRachel
Oct 11 at 02:03
posts 397
ChanKaiTai posted:
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.

The activities of the broker must be monitored. But with that I have to do more research on the topics.

Seb King (sebking1986)
Oct 21 at 10:24
posts 161
Number 6 is undervalued. ALWAYS let the trade come to you. Never go chasing it.

If you can't spot the liquidity then you are the liquidity.
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