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Subscribei think what you have said is exactly correct but i am failing in some of steps told by you and i wanna improve myself more in trading before entering the market and i hope i will achieve that in near future and would be a professional trader
i think what you have said is exactly correct but i am failing in some of steps told by you and i wanna improve myself more in trading before entering the market and i hope i will achieve that in near future and would be a professional trader
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Agreed my friend! we should have discipline in trading and acting like a rolling stone will not help. By following rules set by expert traders and our own rules we can increase our earnings and improve our trading.Originally Posted by niks
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Discipline comes with practice. When you gain good experience and become mature in forex discipline is never big deal.
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11 Rules of Successful trading ...!
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.
!............HaPpY PiPs.............!If You Like My Post Dont Forget To "Thanks"
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