3 golden rules of trading
1. Don't hop from one strategy to the next like a monkey. Every strategy has advantages and disadvantages. Choose any strategy and make it work the majority of the time with proper money management and risk-reward ratio. Try to get out of a losing trade as soon as possible.
2. Trading Journal: acts as a trading resource. How will you gain experience if you can't remember what mistakes you made in previous trades? Report your flaws and mistakes as soon as possible, and keep a close eye on your trading journal on weekends.
3. Be consistent—whether you make a profit or a loss, it doesn't matter. Always have hope, work with logic, and try to gather as much information as possible while trading on the Forex market. You can be more confident in where you invest your time.
2. Trading Journal: acts as a trading resource. How will you gain experience if you can't remember what mistakes you made in previous trades? Report your flaws and mistakes as soon as possible, and keep a close eye on your trading journal on weekends.
3. Be consistent—whether you make a profit or a loss, it doesn't matter. Always have hope, work with logic, and try to gather as much information as possible while trading on the Forex market. You can be more confident in where you invest your time.
Aug 15, 2022 04:50