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Successful Trading Rules
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NzeCapitalTrades

Membre depuis Jun 21, 2020  59 messages WINNINGS (NzeCapitalTrades) Aug 02 at 04:50
1.Always Use a Trading Plan.

2.Treat Trading Like a Business.

3.Use Technology.
4.Protect Your Trading Capital.

5.Study the Markets.

6.Risk Only What You Can Afford.

7.Develop a Trading Methodology

8.Stoploss should be placed manually or automatically always

9. Give no room for emotions.

NO EMOTION DURING TRADING.
Shelby10

Membre depuis Jul 15, 2020  96 messages Shelby10 Aug 02 at 11:29
Making a good and profitable strategy can make you rich in this market.

NzeCapitalTrades

Membre depuis Jun 21, 2020  59 messages WINNINGS (NzeCapitalTrades) Aug 03 at 08:34
Shelby10 posted:
Making a good and profitable strategy can make you rich in this market.

Very right, for me dedicate all my time trading and use profits to only invest in Real Estates, I'm 100% Full time Trader.

NO EMOTION DURING TRADING.
cardigan

Membre depuis Jul 27, 2020  56 messages cardigan Aug 04 at 07:35
Again, a very nice list you made. Appreciating your effort.

Forex21

Membre depuis Jan 16, 2014  414 messages Forex21 Aug 04 at 08:01
Create a trading plan and follow it as precise as possible.
Then analyze how close you followed your plan.

Repeat.....


You will make mistakes and if you are new to trading you will 'su**' but you will learn over time what works for you and what not. However, if you simple enter trades without having a plan, you will not go far because you will not grow the needed discipline.

NzeCapitalTrades

Membre depuis Jun 21, 2020  59 messages WINNINGS (NzeCapitalTrades) Aug 04 at 08:10
cardigan posted:
Again, a very nice list you made. Appreciating your effort.


You are welcome, I like sharing my successful tips to help others.

NO EMOTION DURING TRADING.
Rori1

Membre depuis Jul 13, 2018  2 messages Rori (Rori1) Aug 04 at 08:34
Very nice list thanks, and here is a note I took from one of the many books read which may help summarise:

1. Have a trading strategy that is at least slightly better than tossing a coin so above 50% win rate

2. Have a take profit to stop loss ratio of greater than 1:1

3. Always and NEVER ever break the rules of your trading plan as otherwise no point in 1 and 2 above

CirillaCosta

Membre depuis Jul 19, 2020  34 messages CirillaCosta Aug 06 at 08:34
According to me. Success in the forex market mainly depends on the trading strategy. So, make a profitable strategy and make a profit from this market.

ReaderTrimble33

Membre depuis Jun 17, 2020  7 messages ReaderTrimble33 Aug 06 at 11:37
Have a strong entry and exit strategy, along with an objective frame of mind.

Rori1

Membre depuis Jul 13, 2018  2 messages Rori (Rori1) Aug 06 at 11:48
I should add - never ever trade when feeling stressed about things in life!¬

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.