Rules of Successful Trading.

[goodboye]

bilkul apnay successful rules kay about bohat acha likha hai ager hum in rules ko hamesha follow karen tu hum bhi forex kay successful trader ban sakte hain. khas kar stop loss to hume her lot kay sath use karna chahye es sey hum aik tu comfortable rehty hain dusra hume margin call ki tension ni rehti.

[kashif kamboh]

The statistics say that 90 percent of traders lose money in forex trading, 7 percent break even and only 3 percent make money. So if there is such a high rate of casualties what are they not doing that they
should be doing?
Following are the rules for successful trading in forex...
1.Trade with money that you can afford to lose. Not with money that you have set aside to loans and bills. Your trading judgement will always be objective if you trade money you can afford to be without.
2. Learn to stand firm and don�t take your profits too early. Holding on to profitable positions and riding the trends will maximize your gains. Keep your losses small by closing out a losing position immediately you realise you are wrong. Don�t forget to place stop orders for all your trades as in this way you won�t suffer heavy losses.
3. Never overtrade no matter how confident you are and no matter how long your winning streak is. It won�t last and if you over gear yourself the end of a winning streak could break you.
4. Discipline yourself to half your capital outlay each time you add to a winning position. Don�t make the mistake of doubling up otherwise you will have a top heavy pyramid that could come crashing down around you if the market turned against you.
5. When things get tough and you are on a losing streak take a break and recharge yourself.
6. Never put all your eggs in one basket. This could be disastrous. Split your capital into ten equal parts and give yourself more opportunity for success.
7. It is also dangerous to add to a losing position by averaging. You cannot be certain up to what price the Forex market will go against you. To average you have to double the capital used each time which is foolish. A good trader will cut his loss immediately.
8. Be wise and remove profits from your trading account and put your winnings in a safe place. If you don�t the chances are good you will lose all your profits again.
9. If your broker makes a margin call that means that you have made a mistake and have let your position run against you. You must be able to admit you were wrong and close out your losing position before the margin call is made.
10. Prepare a game plan and stick to it. Decide what you are going to do when you are wrong and what you are going to do when you are right. Finally, decide on how much capital you are going to risk on every trade.

[tayyebatoor]

Ap nay jo rules yahan pr post kiya hain yeh boht hi helpful hain.Or kafi importance rakhte hain trading k liya.Agar in steps ko follow kr k trading ki jay to koi bi trader definitely successful ho skta hai.

[ajman]

i do not agree with six points i think if you always change the trading strategy it shows that you are not consistent i think all the similar strategy of all that os designed to help traders to gain profit if you have found a strategy that fits with your style.

[arif321]

you've discussed really educational understanding as well as i believe within the buying and selling guidelines for any prosperous buying and selling is just the data and also the exercise. simply because for those who have these types of after that it is possible to create great choices within the Forex currency trading.

[ahmadqadeer84]

aghar ap log roul pe chely ge to ap ko kafi profit ho ga kun k ap jab roul pe amal ni kary ge to ap ko kafi loss ho ga ap forex k roul ko fallow kary to ap ka account be band ni ho ga or ap ko profit be ho ga is tara ap aik achey trad man ban jay ge

[shuaib789]

phly demo account me practice or knowledge or experince hasil kre is forum k lye phr hard work kre phr apne confidence se treading kre to wo jald hi succes ho jaye ga forex treading me phly learn phr tread kro........

[didit]

information is very useful my friend. but why we should not use the same strategy. not a strategy that we use to be the same every saat.kalau we change-change strategy even confused by itself.

[Pardeep7651]

according to me the one and only rule to become successful in forex trading business is to keep patience because most of the forex traders can not able to keep patience while their order is opened. so better is that wait and keep patience because a successful forex trader never fails to control on their emotions.

[guling]

I think the rule for success was especially we must have mental and it is the best and with a good psychology, I think we can start trading with good and it was very nice and as traders we should be patient then all would be good.