The Golden Rules of Trading.

[laktasin]

I think having knowledge of rules or reading principles is not a merchant's problem, but following and applying the principles is that big problem that creates big losers traders. we want to be disciplined with rules to follow them. forex is a good job yes it's a very good advice, before trading, especially with using a real account, it must prepare mentally or psychologically, and enough knowledge about forex trading. should practice the ability to analyze market movements, be able to make clear and detailed plans, and be applicable to trade. best of luck

[Forexcoolgirl]

the best way to enter forex trading world is by using demo, so demo account is important too, do not forget about that.
Training in demo for couples month is really necessery to shape your system. after you can get consistent profit you can enter live account.
Do not hurry to enter live account. Be patience and always consistent is teh key to be succes trader.

han aapne bilul sahi kha.jb ham forex trading m enter karte hai to jaruri hai ki pahle ham forex trading ko ache se samjhe or uske liye demo accounts bhut ache hai.aapko luch time tak demo accounts m trading karna chahiye taaki aap real accounts m ache se trading kar sake.demo accounts aapko acha experience denge jo aapko acha trader banne m help karega.

[dalapan]

Forex is a good job. Thanks to this valuable tip that Alard is really successful in trading you should apply these tips and not just talk about them. Thank you for this valuable tip that Alard is really successful in trading You should apply these tips and not just talk about them. Your thread is very important to me because I am a forex trader. Forex trading is very interesting to us when we know it for the first time. But forex trading is a very competitive business and we need enough experience to survive and succeed in it.

[jajangfx]

Yes. try to avoid making decisions based on emotions. The gold rule helps traders to execute trading plans in the heat. trading management using existing market tools and restricting orders to close your trading positions either for profit or forex loss is a good currency business. yes it is a very good advice, before trading, especially by using a real account, it must prepare mentally or psychologically, and enough knowledge about forex trading. should practice the ability to analyze market movements, be able to make clear and detailed plans, and be applicable to trade. Best fate ......

[abas]

There may not be enough talk about stress management because its role affects all traders. Getting a positive mindset can be a clever factor, and you want to have the right positive mindset. assume that you may make a loss again do not assume that the market will offer money back to you, assuming that you may be able to successfully return it. Likewise you want to spend time away from trading if you are too stressed. it will always be there ...... we must be very diligent in forex trading harness the power to test bazaar movement, capable of authoritative setting smart and abundant, and may be activated into your trading. In the right way with absolute account apps, again needed to mentally adjust. or psychologically, and abundant abilities of forex trading. asked to take turns

[amirjaved]

Summarize a few golden rules to consider to make your trading strategy:
- Do not engage in trading if you think you become rich in few months
- Know all the technical terms
- Choose a broker that offers a responsive customer service in French offering free training and that can launch small trades
- Combine technical analysis and fundamental analysis to make your trading strategy
- Start with the basics of technical analysis, moving averages or
- Do not ignore the basic rules of money management, namely:
1. do not start a trade representing over 10% of your trading account
2. Remember, stress management in all this! Read our article on stress and Trading.

Good trading to all

That is decides about that you have to thoroughly understand Forex and its exchanging framework. On web there are loads of learning about forex and its exchanging framework, get information about Forex and its exchanging framework where anybody from any nation effectively can make exchange here and can make enormous whole of benefit inside a brief time frame which is considerably less demanding and snappier approach to win to an ever increasing extent.

Very much experienced individual who thoroughly understand Forex and its exchanging framework effortlessly can make exchange here and can make colossal total of benefit.

That will be that simply open a demo record and practice increasingly then you will be an awesome merchant by any stretch of the imagination

[ch tayyab]

1. Start slow

Don't expect to make significant profits from day one.

Most novice traders face a common problem:

...they lose money...

...and end up out of the game quicker than they would have anticipated.

It's common for traders to double their capital within their first week of trading - then lose it all soon after because of over-confident trading.

Trade small and build-up profits slowly.

There are very few traders who succeed in the early stages of their career.

It takes time and patience.
2. Have a trading plan

Having a trading plan is one the golden rules of Forex trading.

This holds true with any activity.

A person with a plan is more likely to succeed than someone without it.

You should have:

your trading strategy outlined
exit and entry points explained
stop-losses and take-profits set.

Adhering to the plan is the main element in your trading.

What you should note here is that the plan can be modified, as change drives improvement.

Modifying your plan should only happen when you have no positions opened.

Do not modify your plan so that you can just keep the losing position open for a longer period.
3. Minimise losses by setting a stop-loss

This technical advice should be fundamental to your trading plan.

But just in case - set a stop-loss.

As previously mentioned, many novice traders lose capital and are unable to move forward.

Setting a stop-loss means minimising your losses and having capital available to trade for another day.

This is a general rule that every trader should adhere to and it's one of the top Forex trading rules.

A stop-loss:

sets a limit at which your losing position will be stopped, and
by doing so, you are deciding on how many pips you can afford to lose.

For example, once you purchased one lot of EUR/USD at a price of 1.15000, you may set your stop-loss at 1.14980.

This way you are limiting your possible loss to 20 pips.

It's important to note here is that there is no guarantee of a stop-loss

...because sometimes market liquidity is not available at the selected price�

...so your stop-loss will be executed at the next best available price.

A common error with novice traders is that they forget about stop-loss placements, because they feel that constantly monitoring price changes will suffice.

While you can spend most of your time in front of the chart, sometimes being away from the keyboard for a few minutes can cost you hundreds of pips.


Source: https://admiralmarkets.com/education...en-rules?#c!=1 � Admiral Markets

[hafiz shahid iqbal]

bilkul boht hi best rules hen...trading krty waqt rules ko follow krna bohot hi zruri hy....in rules k zriay aap ko best way milta hy trading krnay ka..or aap aasani k sath trading kr skty hen or profit earn kr skty hen.....follow the rules of trading

[kades]

They are the foundation for the benefits. The idea may not be enough to share with your tension operations, because it can affect all the suppliers. It's really helpful to have a useful mindset, and you have thoughts about a favorable law. You might make a real drop back. When I do not even think that the market can need money back, think you can do that stuff again. Timeout once they sell you bred, you will need to get. The idea continues. I agree with you, Also in my opinion the most important rule is about practicing and gaining experience. Because if you do not practice well enough then you will not get enough and a good experience for yourself and then you can not trade well. so you need to practice more and more and gain a lot of experience and try to correct your mistakes.

[compor]

yes I totally agree with my rules. when we start trading then we have fantasies and dreams to make money faster and become very rich. I believe that when we face reality it will change. to run our rules and regulations on Forex and save money and risk management properly and consider this as a professional career and business opportunity then we can feel so much comfort I think gold tends to go up every year, it is great for long term trading, but some gold months tend to go down, so we need big money to exchange gold, but one day we will succeed because gold will go up