Rules of Successful trader
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Thread: Rules of Successful trader

  1. #1
    Hi
    you can see that currently I finish over 1.5 years in the market and I got the main idea of the way to exchange and that why I didnt begin trading until today

    trading like any other sport of company
    you have to know first what's all about

    like casino it's all about having fun - a dumb guy enter the casino to became wealthy
    second comprehend the principles like diving - everybody can dive 10 M but can you get return before the drown
    third strategy for it- should you planing to open a jet-sky rental in the middle of the mall for certain you will lose since you need sea beside you.
    Train your self and go for this and you will reach the stage

    that is my point of view

  2. #2
    Money management is the hands down most crucial thing you can have, so research it alot.
    Do the 20/80 rule 20% of your trading should be MM and 80% should be the trading platform, 20% of it represents 80 percent of your profits. What's going to provide you the most profit is the MM not the system, MOST of them may and will probably be profitable at some point, and later on you'll monstly trade according to intuition, because the system will be printed in mind...

    Thus, novices should focus on losing . Profit will come dont force it to come prematurely.
    Focus on what's significant not on what can alter. Your system may and probably WILL alter, your management cannot.
    You wont profit 100% of your account in 1 day, I was thrilled when I exchanged for 33,7% of my account in 1 day (my greatest profit in 24 hours at 11 decades of trading!)
    Backtest the shit from the graphs, should you backtest you may obtain knowledge (even now I take 3 hours each weekend to backtest two years to see if I can find something new!) .
    Pick the time for trading, don't just randomly sit at the seat and start trading, take it as a profession, be professional. Do not stay the whole day before the pc, take care of your family and yourself, be consistent with your own family in addition to trading.
    KNOW YOUR SIZE, dont trade with lot 0.10 or 1.00 if you only traded in presentation acc, you need to learn to control your emotions, otherwise you'll have a heartattack.
    Last one should be: DONT BE A LAZY F*CK, research and spend time if you really want to make into the best 5% which are successful!

  3. #3
    Yes, Forex trading is similar to others business generally! However, the distinction is, the whole process of trading! I love your point, yes there's absolutely no way without earning and learning trading ability!

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