My Golden rules.

[zdaina]

nice speech , but the problem is " it's very hard to practise this rules in the real world , i learn about forex and i make the way how i can trade , and i tell myself " don't give up" but intel now i don't have big resultats . sorry forex trading is not only 38 rules to follow ,

[king]

Top 38 rules of trading

1. We accumulate information�buying books, going to seminars, and
researching.
2. We begin to trade with our �new� knowledge.
3. We consistently �donate� and then realize that we may need more
knowledge or information.
4. We accumulate more information.
5. We switch the commodities we are currently following.
6. We go back into the market and trade with our �updated� knowledge.
7. We get �beat up� again and begin to lose some of our confidence.
Fear starts setting in.
8. We start to listen to �outside news� and to other traders.
9. We go back into the market and continue to �donate.�
10. We switch commodities again.
11. We search for more information.
12. We go back into the market and start to see a little progress
13. We get �overconfident,� and the market humbles us.
14. We start to understand that trading successfully is going to take more
time and more knowledge than we anticipated.
Most people will give up at this point, as they realize work is involved.
15. We get serious and start concentrating on learning a �real�
methodology.
16. We trade our methodology with some success but realize that
something is missing.
17. We begin to understand the need for having rules to apply our
methodology.
18. We take a sabbatical from trading to develop and research our trading
rules.
19. We start trading again, this time with rules, and find some success,
but overall, we still hesitate when we execute.
20. We add, subtract, and modify rules as we see a need to be more
proficient with our rules.
21. We feel we are very close to crossing that threshold of successful
trading.
22. We start to take responsibility for our trading results as we understand
that our success is in us, not the methodology.
23. We continue to trade and become more proficient with our
methodology and our rules.
24. As we trade, we still have a tendency to violate our rules, and our
results are still erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and
trade.
28. Our trading results are getting better, but we are still hesitating in
executing our rules.
29. We now see the importance of following our rules as we see the
results of our trades when we don�t follow the rules.
30. We begin to see that our lack of success is within us (a lack of
discipline in following the rules because of some kind of fear),
and we begin to work on knowing ourselves better.
31. We continue to trade, and the market teaches us more and more about
ourselves.
32. We master our methodology and our trading rules.
33. We begin to consistently make money.
34. We get a little overconfident, and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes
boring but successful), and our trading account continues to grow as
we increase our contract size.
37. We are making more money than we ever dreamed possible.
38. We go on with our lives and accomplish many of the goals we had
always dreamed of.

I absolutely agree with you my friends about a rule that you give to the new trader, were of very important rules. and I can dir the most essential thing is to have confidence in itself and have the discipline and the patient.

[hiba]

that's right i agree with your i think that truth we should anderstand how we get the success, because i think that the good management of the money is the good rule that we need in forex market to success

[biyen]

My advise: if you are new to forex trading develop a simple technical system with just a few indicators. Simple systems work far better than complicated ones, as there are less elements to break in the brutal world of currency trading. Then, you need to focus on the long term trends and use a breakout methodology - it's easy to understand, easy to apply and it's very profitable.

[skboyra]

there is a step by step information that a beginner has to take before enter into the real market. really very useful and informative. any new trader and the professional trader can follow this technique to get the better feedback by using it.

[suresh]

I agree with your opinion that we are running in the forex business then we will face the likelihood of two possibilities for profit and the possibility of loss. indeed if we are still beginners we will often make mistakes that berakibatkan losses. but we can make a mistake becomes a valuable experience so that we will not repeat these mistakes in the future.

[sheikh rashed]

Very nice dear it's really helpful for all trader specially for newbie. If anyone can follow this 38 rules then he will earn profit easily.But more important thinks is hard work without it no rules will be works so u have to know when u follow or not.

you are absolutely correct because rules are easy to read but very hard to follow this is only my view but i know maximum peoples can agree with me .

[khanam liza]

Very nice dear it's really helpful for all trader specially for newbie. If anyone can follow this 38 rules then he will earn profit easily.But more important thinks is hard work without it no rules will be works so u have to know when u follow or not.

[Sun-Moon]

Top 38 rules of trading

1. We accumulate information�buying books, going to seminars, and
researching.
2. We begin to trade with our �new� knowledge.
3. We consistently �donate� and then realize that we may need more
knowledge or information.
4. We accumulate more information.
5. We switch the commodities we are currently following.
6. We go back into the market and trade with our �updated� knowledge.
7. We get �beat up� again and begin to lose some of our confidence.
Fear starts setting in.
8. We start to listen to �outside news� and to other traders.
9. We go back into the market and continue to �donate.�
10. We switch commodities again.
11. We search for more information.
12. We go back into the market and start to see a little progress
13. We get �overconfident,� and the market humbles us.
14. We start to understand that trading successfully is going to take more
time and more knowledge than we anticipated.
Most people will give up at this point, as they realize work is involved.
15. We get serious and start concentrating on learning a �real�
methodology.
16. We trade our methodology with some success but realize that
something is missing.
17. We begin to understand the need for having rules to apply our
methodology.
18. We take a sabbatical from trading to develop and research our trading
rules.
19. We start trading again, this time with rules, and find some success,
but overall, we still hesitate when we execute.
20. We add, subtract, and modify rules as we see a need to be more
proficient with our rules.
21. We feel we are very close to crossing that threshold of successful
trading.
22. We start to take responsibility for our trading results as we understand
that our success is in us, not the methodology.
23. We continue to trade and become more proficient with our
methodology and our rules.
24. As we trade, we still have a tendency to violate our rules, and our
results are still erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and
trade.
28. Our trading results are getting better, but we are still hesitating in
executing our rules.
29. We now see the importance of following our rules as we see the
results of our trades when we don�t follow the rules.
30. We begin to see that our lack of success is within us (a lack of
discipline in following the rules because of some kind of fear),
and we begin to work on knowing ourselves better.
31. We continue to trade, and the market teaches us more and more about
ourselves.
32. We master our methodology and our trading rules.
33. We begin to consistently make money.
34. We get a little overconfident, and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes
boring but successful), and our trading account continues to grow as
we increase our contract size.
37. We are making more money than we ever dreamed possible.
38. We go on with our lives and accomplish many of the goals we had
always dreamed of.

Awesome!
Your all rules are really golden! Because, If one can follow these rules with actively, He or she must be a good and effective trader soon, I think.

[suresh]

My golden rule is only good money management. Use low risk in your every trade and you will not be getting hammered by the market ever. You will not receive margin call and you will be on a successful path in forex trading.