Best trader rules


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  • #1 Collapse

    Best trader rules
    Hello dear. Tell me about how to become a good trader in market. And how improve their knowledge about trading.
    MY Journal
  • <a href="">InstaForex</a>
  • #2 Collapse

    First stage is posting on forum, second step is demo practice. If anyone is good on these two steps, next stages will be much easier for him. When we step in real trading, our emotions, greed, lack of knowledge & hurry are bad factors for trading and we have to remove all these weaknesses. When we earn some profit, stop trading and try to withdraw it. Then go for the next attempts. Safety should be the first priority at all stages whereever you are.


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    • #3 Collapse

      Hi friends best trader have good knowledge and good practice in demo account to work in real term for good earning. In demo only for use practice for good work and clear all mistakes and weakness remove for good trading standards.


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      • #4 Collapse

        Yes friends you are right I am for excess hard work as your hard work as a successful trader and expert trader your experience and knowledge more hard work and you are successful Forex as a best business thanks


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        • #5 Collapse

          Dear best traders rules always use proper money managment always trade with trend and don't trade against the trend don't emotional on every trade don't follow signal others people like Facebook what's app group etc


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          • #6 Collapse

            Friends whats up, i think wrong entry or bad timing is the main reason but sometime s we have the revenge mentality and doing gambling type of trade which can be another reason to lead the loss , after a big loss we are mentally disturb and we take huge risk which is another foolishness.without analysis trading is full of risk, do hard get reward.
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            • #7 Collapse

              Hello my dear friends according to my opening this question related is the your ability to make decisions under extreme pressure and completely will the quell the anixety. Whatever is one that is able to excel when they are wrong and move on the next trade. A good leader is one that is able to accept and they are going wrong and more on the next trade. You should follow the best rules to you all the friends to make the good working in Forex platform and you successful in your business.


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              • #8 Collapse

                Greeting for all of the forum members, emotional, poor trading psychology, money management, especially greed and bad are also greatly affect a trader's downfall. Therefore, to avoid loss or fall in the worst circumstances, stay away from the nature of the trait, stay blessed and healthy.


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                • #9 Collapse

                  Follow Your Written Trading Plan.
                  This is the #1 reason why traders fail. It is human nature to want to vary or break rules and it takes discipline to continue to act in accordance with the established rules.

                  Keep Learning On A Daily Basis.
                  The markets are changing every single day and the strategies that you may have used 5 years ago might not work now. You need to continue to educate yourself on a daily basis.

                  Don’t Let Losses Compound.
                  Per your trading plan you should already know when and where you will cut your losses. Whether it’s a technical failure or percentage move doesn’t matter as long as you have something in place to mitigate risk.
                  Some traders have an even lower tolerance for loss than you might have which is fine. The key point here is to have set points (stop loss) within the limits of your tolerance for loss.

                  Never Set A Price Target.
                  Hear me out on this. Don’t set a price target and automatically get out of good trades. If you are long a Call and the stock hits your “target” don’t just automatically exit! Let profits run wild. Place a trailing stop loss order and see how high it can go from there after locking in gains.

                  Realistically, I can never pick tops and neither can you so why exit? Never feel a stock has risen too high too quickly (or fallen too low too quickly either).

                  Master One Strategy At A Time.
                  Never jump from one trading style to another. Master one style and strategy first rather than becoming average at several. Focus and work hard to completely understand every angle, abnormality, risk, reward of say Credit Spreads and then move on to Iron Condors.

                  Don’t be a jack of all trades when it comes to options trading until you have experience

                  Listen To The Charts (My Favorite).
                  In case you didn’t already know, you cannot affect the market. Sorry, but you just can’t. Praying, pleading, and even giving up your 1st born son won’t even help. So stop hoping and wishing already!

                  Everything is reflected in the price and volume when it comes to technical analysis . Master the charts and let them guide you.

                  Don’t Make Excuses, I Have No Pity!
                  We live in a period of time where there is limitless opportunity to build massive wealth. The wealth of information and training online today about trading is incredible – and for the most part free.

                  I don’t pity anyone who gives me an excuse as to why they are not successful! Work hard now and the reward will be great at the end of the day.

                  Stop The "Analysis Paralysis"
                  Start trading more often and stop analyzing the markets to death. Now of course don't take this over board and become a day trader right. The point here is that you set up a system and continue to make trades - even if they are small trades (1 or 2 contracts at a time).

                  Most people just analyze and analyze but never get in! How are you ever going to learn? Start small but keep trading. If you learn to master trading with only a few shares, then trading a couple hundred or thousand shares will be much more successful.

                  Walk Away From The Computer.
                  My own personal morning routine includes this element and it’s essential for clearing your mind. Successful trading isn't solely about trading - it's also about being emotionally and physically strong.

                  Reduce the stress every day by taking time off the computer and working on other areas of your life – especially family. A stressed out trader will not make it in the long run.

                  Be An Above-Average Trader.
                  We all trade for 2 simple reasons: Money and Freedom. In order to succeed in any market you need to set your expectations high. Don’t settle for mediocrity.

                  Stay motivated and set realistic and achievable goals that continue to take you to the next level. And finally, ask for help from others, get a coach, or join a trading forum to keep you accountable.


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                  • #10 Collapse

                    Forex trading software will sure that you are not taken in by promises of printed return there is no Forex trading software that can assume you of any grade .
                    Real money is changing hands the risk of loss is our present therefore you should base your trade on considered and strategies to avoid being lead by your emotions stay focus on technical and fundamental factor and make market news at all time knowledge is power we all know that expert financial analysis and commentary and economic calendar graph and chart all of these tools will work is improve your trading performance the ultimate goal is the generate greater profit and loss is our time even if you have less winning trade then using trade .


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                    • #11 Collapse

                      Hi dear whats up, before deciding to become a trader must first understand whether this is a reliable investment. But so far I've experienced it turns out this is indeed one of the reliable investment land. And to become a successful trader it depends on our understanding and seriousness in learning all about Forex. Be it from the system, strategies, trading psychology and money management, thanks buddy.


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                      • #12 Collapse

                        Rules are the first step to improve trade if you follow the rules it will be definitely bring you a successful trader, rules are key to success and following of rules very beneficial if you are trader or some one work with other field. So i suggest obey the rules and get success.


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                        • #13 Collapse

                          Yes my dear bro I also agree with you. Welcome on Forex mt5 forum.**according to my knowledge the financial industry regulatory (FINRA) IN THE U.S. established the "pattern day trader"rule. Which states that if a stock trading customer makes four money day trades(opening and closing a stock position within the same day) in a five-day period, the customer is considered a day trader and must. Need a work hard.


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                          • #14 Collapse

                            How are you all of you, there is no brief cut to achievements and achievements amount in this trade is very less so it becomes all the more challenging to succeed in this trade. A trader must trade with primary guidelines and always adhere to them while dealing to become effective and should adhere to trading self-discipline, be a good trader.
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                            • <a href="">InstaForex</a>
                            • #15 Collapse

                              Dear friend according to my opening the rule of Money

                              1. pay yourself first
                              2. Learns how to invest
                              3. Donot be a hater of it
                              4.Give every dollars a job
                              5. Spend less then we earns
                              6. Have a planes and set goal
                              7. Donot become slave to money
                              8. keep our finances organized
                              9. Know how to risks it and leverage it
                              10 Donot use to credit if you donot have Cash


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