Follow the rules and Don't lose your money.

Nice information, I have made a lot of knowledge of this information. So thank you.

Yes I think very important to follow the rules trading, sometimes the most mistake over trader is they lack in discipline, sometimes making a repeated mistake over and over again, trading forex is not short term business but because this for long term business, a a trader must treat trading as real business and not only like a game

Following rules is important. But before that we need to make effective rules. Rules that beneficial for trading. Rules that prevent you taking unnecessary trades.

i dont think there are any rules in trading. u either win or lose. you cannot always play safe

perryjohn765 posted:
i dont think there are any rules in trading. u either win or lose. you cannot always play safe

A good plan can save you from losing money.

FXOday posted:
Yes I think very important to follow the rules trading, sometimes the most mistake over trader is they lack in discipline, sometimes making a repeated mistake over and over again, trading forex is not short term business but because this for long term business, a a trader must treat trading as real business and not only like a game

Yes, of course, trading profit depends on discipline and plan. If these rules are not followed, nothing good can be expected from trading.

Discipline and plan need to be maintained. It is not possible to make a profit in trading if we do not follow the rules.

Rules need to be followed in any matter. If you don't follow the rules, the chances of loss increase. For example, Money Management, Risk Management, and Trading Strategy.

It is difficult to make a profit if it is not possible to combine the fundamentals with the technical. So every trader needs to do fundamental analysis.

Rules help you to protect your trade from sudden loses and thus should be always followed.

Great tips which can really improve someone's trading results.
I would also add here psychological factor. Something like 'don't underrate psychology in trading'. I believe that psychological state should be delt separately from the other sides of trading, because it is something that one should pay much attention to.

AliaDare posted:
It is difficult to make a profit if it is not possible to combine the fundamentals with the technical. So every trader needs to do fundamental analysis.

Only proper planning can ensure the profit in this market.

@Keuschur Yes psychological factors are the most important things in forex trading. People get emotional attachments to theirs trades. That's why they can't close trade even though they it will not give profit.

Good tips for all the newbies in trading.
I believe that the most important tip wasn't pointed out like the other tips. I guess that the most important thing is to analyze your mistakes. That is the secret to all kinds of development: if you keep doing the same mistakes, you'll never suceed in what you are doing. That is why it is so important to analyze your own performance.

I completely agree with @AliaDare. Trading is all about following the rules, doing your research, making a study, building a plan/strategy, and executing it as per market situation .

Sometimes it happens that all the rules are met and all the conditions are met, but trading still does not make a profit. I believe that the point is which rules you have chosen, not the fact of their observance.
And if your rules don't work, then consider changing them.

Great tips for all the traders.
More often than not it is really easy to forget about everything and trade according to the emotions and gut-feeling. That is why it is of utmost importance to keep cold headed and sober whatever happens during trading session. The most important tip is trading plan because it eliminates lots of problems. If you plan your deals and know what to do, then you are safe from big losses and you will definetely win in the long run.

Vianni posted:
Great tips for all the traders.
More often than not it is really easy to forget about everything and trade according to the emotions and gut-feeling. That is why it is of utmost importance to keep cold headed and sober whatever happens during trading session. The most important tip is trading plan because it eliminates lots of problems. If you plan your deals and know what to do, then you are safe from big losses and you will definetely win in the long run.

Couldn't agree more on this buddy!

Unfortunately, most people do not have any specific rules. They take impulsive decision gor opening or closing a trade. That makes the trading more risky.