11 Rules Of Successful Trading ...!

[ali555]

1) Always use stoploss , it will help you to cut your losses automatically.

2) Get of the trade once you reach the target.

3) Trade according to your strategy not with the signals and guesses .

4) Prevent from entering trade when price is at highest top and lowest low , wait for right entry point.

5) Never ignore the news. Before entering any position make sure there is no high impact news in opposite trend.

6) Never open the position if you have any doubt about trade.

7) Always check out the daily trend before starting trades .

8) Never do emotional trading. Control greed.

9) You just closed the trade with loss because direction was wrong. Dont get into new trade with opposite direction . Wait and track the chart . Dont think of getting you loss immediately back.You may loose more money.

10) Search for chart patterns like doubles , head n shoulders etc.

11) Try to learn new things daily.

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[Guest gaban]

Thank you for the information. Very useful for my trading. But it was all of no use if we do not discipline. The key to being a successful trader is to discipline. No matter how good our strategy, if we are not disciplined, then everything will be useless.

[anna.semera]

anyone who follows the 11 rules, good luck in 1 month.

[Dalton33]

I think that these are summary of great tips for any new trader. They should learn well these tips and always stick with them. Disciplined approach to trading is very important which is fact learnt during time

[uncle gober]

training and learning must be able to be done by traders, this is needed so that traders can be more leverage in improving better trading skills and the greater chance of becoming a trader of the month Tickmill.

[Sininfinity]

I personally find it dislikable to follow a number of rules suggested by others. There are some universal rules which people need to follow but for your own success, build your own rules.