List of personal rules for trading that makes U successful

As I started to trade and followed the below rules:

  • Immensely practice with a demo account

  • Treat trading like a business, not a hobby or a job.

  • Utilize Technology to Your Benefit

  • Risk only what you can afford to lose
 
Imo, the most important thing in trading is the trader’s mindset. Having the right mindset allows you to get emotionally and mentally prepared for facing challenges in trading.
 
Never trade without a plan and tested strategy. The market is infamous for its unpredictable nature. Make sure you always come prepared. Have a robust strategy that minimises your risk.
 
Oxymoron said:
Imo, the most important thing in trading is the trader’s mindset. Having the right mindset allows you to get emotionally and mentally prepared for facing challenges in trading.
More...
Indeed! If you have a strong mindset, you won’t get carried away with greed, which is the reason 90% of the traders fail.
 
Here is an old eBook I put together many years ago. It is all about establishing True Discipline and keeping your trading as Simple as possible.

My Motto is - "Discipline plus Simplicity equals Success". Hopefully - it will help some traders.

I wish all traders much success.

 

Attachments

According to me a trader must first practise on the demo account for a good amount of time as practising on a demo account will make you learn about various market trends in a forex market without even involving the risk of actual money. enough
 
You must log in or register to reply here.
Back
Top