Community Forex Questions
The golden rules of profitable traders
1. Concentrate on your trading system.
2. Choose one strategy.
3. You must know where your Exit point is before placing your Entry.
4. In order to succeed in your trading journey, you need to manage your risk and money effectively.
5. Risk Reward must be above 1:2, if you take a 100$ risk in your total capital, you must target winnings of 200$ or greater.
6. Wait, wait, and wait again until you are able to reach a good entry point. If you miss this please avoid this entry and wait for your next one..
7. If you are in profit, Break Even your trade when it comes to 1:1
8. Do not overlook this rule.
2. Choose one strategy.
3. You must know where your Exit point is before placing your Entry.
4. In order to succeed in your trading journey, you need to manage your risk and money effectively.
5. Risk Reward must be above 1:2, if you take a 100$ risk in your total capital, you must target winnings of 200$ or greater.
6. Wait, wait, and wait again until you are able to reach a good entry point. If you miss this please avoid this entry and wait for your next one..
7. If you are in profit, Break Even your trade when it comes to 1:1
8. Do not overlook this rule.
Oct 26, 2021 15:16