Rules of Successful Trading.

[mendhogibaz]

For getting success in the forex trading we have to follow some rules at the time of working in this. Below there are some rules of success:-

1. Don't trade on the tweezers tops and morning star candle.
2. Always use the stop loss for protecting the equity from huge losses.
3. Always use the trend lines in the graph.
4. Trade in the direction of the trend.
5. Mark the support level and resistance level in the graph.
6. Don't follow the same strategies every time.
7. Change the trading style along with the market.

many rules we can learn from the experience. and we need to know is the trading style and the way someone in the trade is different. for we can not assume that we can apply atuan by others. because they must have their own rules.

[ariv]

I think it is a good general rule that should be understood by forex traders, but there is one thing that is most important is also about money management. trading money management will make us just as real businesses in general.

[adrian]

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[shamim1611]

Here are four rules to follow for safe Forex trading:

1. Research trades

You need to have studied your currency market before pulling the trigger. In other words, never make an order in the forex market without knowing exactly what you can expect to happen. Researching trades beforehand can seem very boring but it is a necessary step. Look at trends and the history in order to get a better idea of what to expect. If you simply go out into the market without a proper preparation, you will most likely lose a lot of money. So, before you begin take the time to do a little research.

2. Avoid over-leveraging your portfolio

It can be very easy to get caught up in the leverage market when you are just starting out in the Forex. Leverage allows someone who is not investing as much as other larger traders to play with the "big boys" and potentially make a good profit. In most cases an investor can expect to only need to back their investment up to 4%, which can get some people in trouble. When someone chooses to abuse this system, he can end up deep in debt. Never over leverage your portfolio. Be responsible when trading and remember that you are trading larger amounts that you probably have in your portfolio. Keep yourself grounded to make sure you use the Forex market to your best potential and advantage.

3. Place stop loss orders

Before you begin trading in the Forex market get familiar with stop loss orders. The stop loss order is something that should be placed right along with your entry order. This will protects you from a potential loss getting out of hand if the market takes a dive. You must learn to figure out however, at what point you would want to cut your losses, before placing the order. Although many traders do not utilize the stop loss order process, you will find that the more successful traders use it quite often and most experienced traders do recommend its use.

4. Know when to quit

The simpliest rule for trading in the Forex market is to know when to quit. This can also mean knowing when to let things stay as they are. There is no way to avoid having occasional trades with a negative impact on your finances. Not every trade you make will be a hugely successful one. The foreign exchange market is way to fast and changes by the minute that there is no way to make sound judgements and decisions that will guarantee every trade will reap rewards. Even the most seasoned forex traders have bad trades. Your ultimate goal in trading in the Forex

[kohatian]

in a Forex Trade, to stop at a point when it is moving in opposite direction, is very great, and then wait and continue again, never change up your strategy, which is important, cuase unless you are un-aware of your destination, that where are you going, then how can one expect high from this business. Try to stick to it, and learn the basics and tactes.

[cikrak]

Discipline is the key of success. To be discipline we must trying our best to limit our greed and fear also waiting for clear market giving us a good signal to buy/sell. Even this seem easier to do. But without good calculation, discipline is really very hard to do. We always want more and more profit. If we didn't stick to our rules and money management, we will surely in danger in nearest trading chance.

[jazzysports]

For getting success in the forex trading we have to follow some rules at the time of working in this. Below there are some rules of success:-

1. Don't trade on the tweezers tops and morning star candle.
2. Always use the stop loss for protecting the equity from huge losses.
3. Always use the trend lines in the graph.
4. Trade in the direction of the trend.
5. Mark the support level and resistance level in the graph.
6. Don't follow the same strategies every time.
7. Change the trading style along with the market.

aap ne buhat achy rules ke bary mai bataya hai aur mujhy umeed hai ke agar koi newbie n rules par amal kary ga to os ke trade mai improvement asakti hai.meri bhi koshish hogi ke mai bhi n rules ko follow kar ke apni trade mai improvement laon.

[kash]

here in forex trading many of rules but if you never know about it then you use some of these here you need many of knowledge about this business and never make the many of accounts here and never make the disturbance in trading and make the concentration in your trading

[hazem.hassan]

I think that you have stated is really important. But along with this we have to trade with confidence with a emotion free mode. We should be based on the proper strategy. you have told that we should change our trading strategy, but I think if we get this our strategy is going well with the market and making us profited then it should be applicable. best of luck.

[lishader]

I think there may be more than seven rules that you gave but the important thing is that we need to apply it and follow it is a discipline to be able to do good