Successful Trading Rules

success is not easy we know very well but still we try to bring success with no learning , as a result we become loser when try to make it in practical.

If you want to trade successfully, you have to trade according to discipline and plan. At the same time, money management and risk management must be maintained.

I think depending on the signal will be risky as a trader. you should make a strong plan to survive in this risky market.

For your trading to be successful, you need to have trading strategies, a trading plan, and, of course, the discipline with which you can control yourself.

If you want to be successful in your trades, always remember:
Learn to use your emotions to be able to trade but never trade in the market with emotions.

CirillaCosta posted:
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.

This is the most important. The plan/strategy has to work first, then 'stick to it' (emotion, greed, fear,...) is something need to come after.

So the question should be now... What are working plans? or, Does my plan/strategy work?

In pursuit of illusory success, many traders lost their earned money. After all, big profits breed greed that is difficult to deal with. Therefore, it is so important to have the right criteria for success.

CuongVC posted:
So the question should be now... What are working plans? or, Does my plan/strategy work?

That needs to be figured out by you only.Its not mandatory that a plan/strategy that worked for me, would be profitable to you too, each trader is unique. You should back test your strategies before putting them to action on a live account. Also,

BrantleyC posted:

CuongVC posted:
So the question should be now... What are working plans? or, Does my plan/strategy work?

That needs to be figured out by you only.Its not mandatory that a plan/strategy that worked for me, would be profitable to you too, each trader is unique. You should back test your strategies before putting them to action on a live account. Also,

Exactly! Each trader is unique. That was reason why I said 'Does my plan/strategy work?' is because there are so many 'answers' that do not in a complete solution. We should talk about total solutions, if we want to.

That's right, following some information is essential for successful trading.

In everything, there must be a certain border also in trade and in the desire to make a profit.

Hello everyone. You are not tired of doing self-psychology here. There is a system-trade. Don't look at the balance as money. Look at them as just numbers. It's easier that way.

AniLorak posted:
knowledge can be useless if there is no regular practice session , so we the traders first of all have to make sure regular practice.

Agreed! Knowledge and skills go in vain, if not applied at the right time for the right purpose. Practice not only helps us to grow, but also develops our skills somewhere.

knowledge is more important, i know but any kind of knowledge can be useless
if there is no regular practice,  so we the traders have to make sure the the best practice session.

risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  

If you can use money management and risk management properly, your success ratio will increase. And with that, you have to work according to discipline and plan.

Yes, having a successful trading plan can make a lot of difference to trading. It keeps you motivated and you can always work hard to achieve your goals.

leahmclaughlin posted:
Yes, having a successful trading plan can make a lot of difference to trading. It keeps you motivated and you can always work hard to achieve your goals.

Do you prefer sticking to a single plan of action or frame multiple ones?