Announcement

Collapse
No announcement yet.

What Are Your Golden Rules?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • What Are Your Golden Rules?

    What are your golden rules, that you always abide by, when trading???

  • #2
    Make money :P

    Comment


    • #3
      Nice and simple!

      Comment


      • #4
        Don't chase losses, accept them

        Comment


        • #5
          Originally posted by Pierce
          1 Diversification
          2 Using fundamental and technical analysis
          3 Trading with no more than two instruments
          Good rules!

          Comment


          • #6
            Originally posted by DavideT View Post
            Don't chase losses, accept them
            Many have learnt this the hard way! Thanks

            Comment


            • #7
              Originally posted by Molly141 View Post
              Make money :P
              Haha of course!

              Comment


              • #8
                Originally posted by mlawson71
                True. Revenge trading only leads to more losses, try not to engage in it.
                Precisely right

                Comment


                • #9
                  my golden rule is just do it.

                  Comment


                  • #10
                    Cut losses early, check my bias throughout the day to make sure I am making clear decisions

                    Comment


                    • #11
                      Forex Trading Can Be Done Anytime And Anywhere.

                      Comment


                      • #12
                        Specific periods in this sense refer to specific trading sessions. If your strategy requires highly volatile market then it would be good option to trading during America and London trading sessions. If not, then it would be better to trade during Asian hours

                        Comment


                        • #13
                          These 3 golden rules you should follow while trade in forex-
                          1. Have a clear trading strategy
                          Set a specific goal, choose the type of transaction or strategy that suits the target. The main consideration in trading strategies is risk appetite. Different risk preferences require different trading methods. For example, long-term forex traders tend to be stable and have a lower risk appetite, but this also means that returns will be relatively low and funds will freeze for a long time.

                          2. Be vigilant and positive
                          The timing for the market is a reckless act, and serious traders should always pay attention to decisive shots when there is a lucrative opportunity. For example, unexpected political turmoil may cause currency prices to fall into panic selling, which is a good opportunity to buy at a low price. After that, the plot is that the panic subsides, the fundamentals recover, and the currency price rises.

                          3. Choose a good broker
                          Choose a reputable broker who wants to provide the right trading platform, adapt to their trading strategies and risk preferences, and be able to support the transaction. Excellent brokers offer a wide range of products, expand a variety of foreign exchange. Such brokers also provide insightful insights from experts who are experienced and monitor real-time market trends. The selected broker is required to provide an online trading platform that facilitates the execution of the transaction.

                          if you want to become a successful trader you might just find some forex tips that will help you make smarter, more profitable trades too.
                          We provide the best Forex and currency trading Tips that assist traders while Trading. Trifid Research offers Daily intraday Tips and updates at accurate

                          Comment


                          • #14
                            There are many different rules that direct forex trading. My golden rules are as follows: Never trade without a trading plan, never trade without a stop loss, always separate your emotions from your trading activities, only follow a successful trader and ensure you know your broker.

                            Comment


                            • #15

                              Comment

                              Working...
                              X