What Are Your Golden Rules?

Alex Bainbridge

Private, 1st Class
Messages
27
Good evening fellow traders, I am new to trading and therefore I am curious to know what are the golden rules people follow without fail....
I’d say only trade in areas of good support and resistance on the daily/4H. Learn about candle sticks and using Fibonacci. Use Moving averages
 

ulianacheck

Recruit
Messages
16
My rules are simple - go hard and you'll succeed. Dedication is a key to success BUT with a right moves! If you are keep losing money and using the same approach over and over again - maybe it's time to change the approach!
 

EmiliaJr

Recruit
Messages
11
Well, don't sell your house thinking "I'm going to invest that money into Forex and in 2 months going to buy 10 more houses". It's not how the market is working.
 

stevevasquez

Recruit
Messages
11
While trading I follow some golden rules like:
  • - Always follow the trend
  • - Do not over trade or risk more than you have
  • - Avoiding stop loss is not an efficient decision
  • - You should not expect to earn profits everyday
  • - Be prepared to take the responsibility of all types of outcomes
  • - Periodically remove a portion of profit over time
 

EuroTrader

Sergeant Major
Messages
1,052
It's funny to think of investing a big amount after selling any asset you have and dream to make 10 times more profit from forex trading. It will be a big mistake especially when you are a beginner.

I control my trading through some ways my first rule is to invest a small amount until am not enable to manage a huge amount. The second rule is to make a low profit not rush towards high profits that can b a danger if not deal it properly.
 
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