Simple strategies are the best. You don’t need to use a lot of indicators or use complex strategies to become profitable.
List of personal rules for trading that makes U successful
- Thread starter novice
- Start date
As a beginner I followed the following rules:
- Have a Trading Strategy
- Find a trading strategy that works for you
- Research the Market
- Risk just what you can afford
- Stay focused and disciplined
- Have a Trading Strategy
- Find a trading strategy that works for you
- Research the Market
- Risk just what you can afford
- Stay focused and disciplined
As a trader, I try to keep a positive outlook on both my profits and losses. I also take time to research the market before placing trades.
What does that entail? Trying to keep a positive attitude?
How much time do you spend researching the market and what do you look for?
Always go with the regulated brokers
Don't be greedy
Do a thorough investigation
Use stop loss
Never be emotional
Don't be greedy
Do a thorough investigation
Use stop loss
Never be emotional
To make my trades successful, I tend to stick to a set of rules. As a newbie, a demo account was quite helpful in learning more about the forex market.Also, you won't succeed in trading if you can't control your emotions. So have patience and don't indulge in revenge trading.
Maybe you could be a little more specific.
What do you mean don't be greedy? What is your objective in trading? Don't you want to get the best return possible?
Could you walk us through a thorough investigation. Where do you look for information and what do you look for?
How are you using stop losses? In the market, with alerts, where are you putting them?
How do you control your emotions. You can't stop being emotional, you can only exercise a bit of control.
