I Learns these simple rules from a stock trader name jesse livermore i read these rules every day before i start trading, you can reply with your own rules if you like
Buy rising currency pairs and sell falling pairs.
Do not trade every day of every year. Trade only when the market is clearly bullish or bearish.
Trade in the direction of the general market. If it's rising you should be long, if it's falling you should be short.
Co-ordinate your trading activity with pivot points.
Only enter a trade after the action of the market confirms your opinion and then enter promptly.
Continue with trades that show you a profit, end trades that show a loss.
End trades when it is clear that the trend you are profiting from is over.
In any sector, trade the leading currency pairs - the one showing the strongest trend.
Never average losses by, for example, buying more of a curreny that has fallen.
Never meet a margin call - get out of the trade.
Go long when reach a new high. Sell short when they reach a new low.
Don't become an involuntary investor by holding onto trades whose price has fallen.
A pair is never too high to buy and never too low to short.
Markets are never wrong - opinions are.
The highest profits are made in trades that show a profit right from the start.
No trading rules will deliver a profit 100 percent of the time, be prepare to take a losss.
Buy rising currency pairs and sell falling pairs.
Do not trade every day of every year. Trade only when the market is clearly bullish or bearish.
Trade in the direction of the general market. If it's rising you should be long, if it's falling you should be short.
Co-ordinate your trading activity with pivot points.
Only enter a trade after the action of the market confirms your opinion and then enter promptly.
Continue with trades that show you a profit, end trades that show a loss.
End trades when it is clear that the trend you are profiting from is over.
In any sector, trade the leading currency pairs - the one showing the strongest trend.
Never average losses by, for example, buying more of a curreny that has fallen.
Never meet a margin call - get out of the trade.
Go long when reach a new high. Sell short when they reach a new low.
Don't become an involuntary investor by holding onto trades whose price has fallen.
A pair is never too high to buy and never too low to short.
Markets are never wrong - opinions are.
The highest profits are made in trades that show a profit right from the start.
No trading rules will deliver a profit 100 percent of the time, be prepare to take a losss.
