Benjaminis
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- Post 1,194
- Cleanup
- Quote
- Jan 13, 2017 10:15am
- BenjaminIs
- | Commercial Member | Joined Dec 2014 | 2,319 Posts | Online Now
As I said earlier today now my focus goes back to you the Forex Trader.
I share the following general rules that always work as long as you know them and have the DISCIPLINE to follow them.
Trading Rules for Successful Traders
1. Limit your losses.
2. Let your profits run.
3. Keep position sizes within reason.
4. Know your risk-reward ration.
5. Be adequately capitalized.
6. Dont fight the trend.
7. Never add to losing positions. Dont average out.
8. Know market expectations.
9. Learn from your mistakes keep a trading journal.
10. Have a maximum loss or retracement in profits.
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