10 Trading Rules That Can Make You Rich




By following the rules below, you will have a much better chance of keeping your own trading style simple, and thus stand a greater chance of long term success.Rule #1:Always keep a good part of your capital in a cash reserve. Never invest all your funds.Rule #2:Learn how to take your losses quickly and cleanly. Don't expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.Rule #3:Have realistic expectations. When expectations are too high, it results in overtrading underfinanced positions, and very high levels of greed and fear, making objective decision-making impossible.Rule #4:Keep it simple and consistent. Most traders follow too many indicators and listen to so many different opinions that they are overwhelmed into action. Few people realize that many of the greatest traders of all time never rely on more than two or three core indicators and never listen to the opinions of others.Rule #5:When in doubt about what to do in the market, do nothing.Rule #6:Don't guess when the market is top. Let the market prove it is top. Don't guess when the market is bottom. Let the market prove it is bottom. By following definite rules, you can do this.Rule #7:Never get out of the market just because you have lost patience or get into the market because you are anxious from waiting.Rule #8:Avoid increasing your trading after a long period of success or a period of profitable trades.Rule #9:Avoid taking small profits and big losses.Rule #10:Never let a profit run into a loss.When you decide to make a trade be sure that you are not violating any of these 10 rules which are vital and important to your success. When you close a trade with a loss, go over these rules and see which rule you have violated; then do not make the same mistake the second time.-- To learn how to automate your Forex trading visit FapTurboResult.comSource: http://www.articletrader.com
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