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Top 10 Rules of Trading

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Aug 28, 2013 12:38 pm
#1
reemsaeed User

Posts: 2
Member since: 22/08/2013

.Do not overtrade 
◦Trade within your means 
◦Use 1/3 of your total margin only 

2.Always use protective stops to limit losses 
◦Go in with a plan 
◦Don't trade impulsively 
◦Have predetermined risk as well as profit 
◦Don't move stops higher or lower and say "It'll come back." 

3.Diversify your portfolio 
◦Try to avoid "Loading up" in any one commodity or product 

4.Keep emotions in tact 
◦Don't make trading decisions based on "Fear and Greed", as hard as this may be 
◦Make decisions away from the market - "Don't be a screen watcher" 
◦Don't let ego get in the way 

5.Trade in the direction of the immediate trend 
◦Don't try to pick bottoms or tops 

6.Don't add to losing positions - get out!
◦Don't Average "Down" or "Up" 

7.Keep it simple, more complicated is not always better 
◦Trade within your understanding of the markets 

8.Employ approximately a 3:1 reward to risk ratio 
◦Don't ever risk $2 to make $1 

9.Always be a student and keep learning 

10.Above all, be disciplined 

https://www.fxstat.com/widget/link?t=tiny&c=6&s=25193&o1=growth&o2=drawdown&o3=monthly&o4=equity

Aug 28, 2013 02:50 pm
Champ User

Posts: 711
Member since: 17/05/2011

Are u a representative of ICM capital? Even if u r, why r u copying the text from ICM capital website to this one? If you like something that u read on other websites, best way to share is by sharing with reference.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Aug 29, 2013 01:35 pm

Posts: 939
Member since: 21/04/2011

A good piece of advice but should be given a reference from where u copied, I agree with champ.

 

Btw how long have u been trading and how about ur trading results?

Stick to your rules

Aug 30, 2013 10:53 am
Seral123 User

Posts: 41
Member since: 20/08/2013

Thank you for the information,,, I am new here and I think this might help alot

Oct 09, 2013 12:15 pm
sugeng82 User

Posts: 42
Member since: 09/10/2013

you choose a system or methodology, test it to see if it works on a consistent basis and provides you with an edge. If your system is reliable more than 50% of the time, you will have an edge, even if it's a small one. If you backtest your system and discover that had you traded every time you were given a signal and your profits were more than your losses, chances are very good that you have a winning strategy

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