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In trading everyone should have some rules
Biedrs kopš
286 ieraksti
Feb 18, 2021 at 16:34
Biedrs kopš
286 ieraksti
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.
Biedrs kopš
126 ieraksti
Feb 24, 2021 at 11:08
Biedrs kopš
126 ieraksti
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.
Biedrs kopš
24 ieraksti
Feb 24, 2021 at 15:53
Biedrs kopš
24 ieraksti
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.
Sam.peters@
Biedrs kopš
28 ieraksti
Mar 18, 2021 at 09:46
Biedrs kopš
28 ieraksti
Well, that depends from trader to trade. Some of them like to set some rules and boundaries while others trade as they wish.
Biedrs kopš
227 ieraksti
Apr 05, 2021 at 10:10
Biedrs kopš
227 ieraksti
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.
Biedrs kopš
696 ieraksti
Apr 05, 2021 at 14:01
Biedrs kopš
696 ieraksti
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.
Biedrs kopš
742 ieraksti
Apr 05, 2021 at 15:31
Biedrs kopš
742 ieraksti
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.
Biedrs kopš
586 ieraksti
Apr 06, 2021 at 10:30
Biedrs kopš
586 ieraksti
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.
Biedrs kopš
749 ieraksti
May 10, 2021 at 08:02
Biedrs kopš
749 ieraksti
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.
Biedrs kopš
167 ieraksti
May 12, 2021 at 08:31
Biedrs kopš
167 ieraksti
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.
Biedrs kopš
8 ieraksti
May 12, 2021 at 11:11
Biedrs kopš
8 ieraksti
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
Biedrs kopš
232 ieraksti
May 13, 2021 at 10:33
Biedrs kopš
232 ieraksti
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.
Biedrs kopš
76 ieraksti
May 13, 2021 at 11:52
Biedrs kopš
76 ieraksti
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.
Biedrs kopš
6 ieraksti
May 14, 2021 at 08:10
Biedrs kopš
6 ieraksti
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
Biedrs kopš
37 ieraksti
May 14, 2021 at 08:49
Biedrs kopš
37 ieraksti
Everything that you face in life always come with rules and that is how we are able to survive and exist.
Same thing can be said to forex trading or trading in general.
Same thing can be said to forex trading or trading in general.
Biedrs kopš
38 ieraksti
May 14, 2021 at 09:43
Biedrs kopš
38 ieraksti
In every area of life and in every area of work, there are certain rules that you need to adhere to if you want development.
Biedrs kopš
57 ieraksti
Nov 09, 2021 at 04:43
Biedrs kopš
57 ieraksti
Yes, rules are important in trading to minimise risks. Your rules should be incorporated as your risk management strategy.
Biedrs kopš
516 ieraksti
Nov 09, 2021 at 10:10
Biedrs kopš
516 ieraksti
100%. Trading randomly will get you random results that you can't draw any conclusions from. Having some rules means you have areas you can tweak if needed while controlling the other areas. This is how to make progress.
If you can't spot the liquidity then you are the liquidity.
Biedrs kopš
9 ieraksti
Nov 09, 2021 at 11:42
Biedrs kopš
9 ieraksti
I like to have 100% rules. If one of my rules is not met then no trade. This has kept me out of bad trades
Biedrs kopš
73 ieraksti
Nov 11, 2021 at 05:57
Biedrs kopš
73 ieraksti
Rules are there to help you and prevent you from unnecessary losses.
There are four key rules of trading:
1. Don't trade without stop loss (money management)
2. Trade with the trend (price action)
3. Use a trading plan (plan your trades)
4. Follow the rules (risk management)
There are four key rules of trading:
1. Don't trade without stop loss (money management)
2. Trade with the trend (price action)
3. Use a trading plan (plan your trades)
4. Follow the rules (risk management)

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