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What Are Your Golden Rules?

Treeny
Mar 18 2019 at 06:47
174 postów
Abderrahmane1992 posted:
Teejy88 posted:
My one and only rule! Risk management, manage your risk and you will not fail.


I second that. Risk understanding is critical to trading. Without that even a good trader will lose all their money


I third it

LeBuffon
Mar 18 2019 at 15:12
11 postów
Treeny posted:
Abderrahmane1992 posted:
Teejy88 posted:
My one and only rule! Risk management, manage your risk and you will not fail.


I second that. Risk understanding is critical to trading. Without that even a good trader will lose all their money


I third it



Why will risk management stop you failing? Does this mean even if I randomly enter trades I will still be able to profit if I use risk management?

Atchris
Mar 24 2019 at 07:06
10 postów
1. test fresh strategies on demo
2. trade with stop loss
3.never follow the crowd blindly.

tracydavison
Mar 24 2019 at 07:21
34 postów
great thread. I am a newbie so will be following this with interest

maexpertadvisor (FMovingAverage)
Apr 04 2019 at 12:14
24 postów
Atchris posted:
1. test fresh strategies on demo
2. trade with stop loss
3.never follow the crowd blindly.


The last point is so important! So many (beginners especially) want to know every little detail of other people's successful trades.

Mohammadi
Apr 09 2019 at 10:33
886 postów
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

Infinox2019
Apr 16 2019 at 05:45
1 postów
1) Select a credible regulated broker - preferably UK based with FCA regulation.
2) Risk Management! - risk management! - risk management! - is the key to success.

 

Wreeves
Apr 16 2019 at 11:10
11 postów
1 - Don't revenge trade.
2- Proper risk management
3- Test new strategies for 1month and if fails then move on to the next one

nick3232
Apr 16 2019 at 13:42
162 postów
always using very sound trading systems or eas

low risk

never getting greedy

Vslav
Apr 17 2019 at 05:53
9 postów
nick3232 posted:
always using very sound trading systems or eas


Easier said than done. How do you know an EA is sound if you have not developed it yourself. It could just be a martingale system inside

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