11 Rules of Successful trading ...!

[hend]

I agree with you, that greed is the greatest enemy of forex traders. because it is greed that makes us take decisions incorrectly when trading. So somehow we have to learn to control your emotions well in forex trading, so that will make us able to get good profits in forex trading because without greed within us. besides it is important for us to always disciplined with our trading rules.

[gok]

You are absolutely right and those rules are very important for forex trader . If we follow those rules , we can easily succeed in forex trading . Besides those i want to add that we should give up our greed . Greed is an enemy for forex traders .

[mashbahah]

Very true, to bring success to note is that the hard work is certainly the key to success in all areas of the business, but hard work in forex trading should also be balanced with the knowledge of the risk, so the hard work will not be in vain if cautious trading

[casiotab]

I think that,Money managemnet is controlling trading danger if there is an error analysis of the position i open long time and short time Because control and danger reward currency trading control always prevent large losses in currency trading, and control and currency trading danger reward control should run with discipline

[malkoumx]

Thank you my friend for your tips and excellent value.
Every beginner should learn these tips and work on them so he could access level that allows him to take strategic decisions to allow him to become a professional trader.

[hendarto]

good rules, and every trader should have a trading rule. This is very useful because if you are disciplined to follow the rules of the errors caused by emotions and greed can be minimized.

[hend]

yes true, indeed all traders have different strategies. and indeed there are traders who are more comfortable in using the strategy of not using SL. but every trader should be aware that when traders to trade without the use of SL, it makes a greater risk of loss. there is a possibility they will trade more rapid rate margin calls. therefore traders should really understand the risk.

[roberto110]

Your first mentioned point on this note is actually the most important in this business. There are many good forex traders with good trading skills out there, but they are failing in their trades because they are not setting their SL appropriately in forex.

I think though traders do not use SL they can make a profit, because of the way traders trade vary, for example, a trader who does scalping, they never leave SL in any trade.

[3etman]

i do agree with you , using stop loss is essential , beside deciding a certain target in which this prevents the trader for going greedy and losing all his pips for just waiting for a few more of them , this would be better in order to trade efficiently
you have also mentioned a very good idea in the eleventh point , its all about learning , you have to read more in order to be more efficient , getting more knowledge is known to be effective enough in mitigating market risks which cannot be eliminated

[ishvara]

1) Always use stoploss , it will help you to cut your losses automatically.
2) Get of the trade once you reach the target.
3) Trade according to your strategy not with the signals and guesses .
4) Prevent from entering trade when price is at highest top and lowest low , wait for right entry point.
5) Never ignore the news. Before entering any position make sure there is no high impact news in opposite trend.
6) Never open the position if you have any doubt about trade.
7) Always check out the daily trend before starting trades .
8) Never do emotional trading. Control greed.
9) You just closed the trade with loss because direction was wrong. Dont get into new trade with opposite direction . Wait and track the chart . Dont think of getting you loss immediately back.You may loose more money.
10) Search for chart patterns like doubles , head n shoulders etc.
11) Try to learn new things daily.

Your first mentioned point on this note is actually the most important in this business. There are many good forex traders with good trading skills out there, but they are failing in their trades because they are not setting their SL appropriately in forex.