6 golden rules for successful trading

[Seedra 222]

Wow, i was waiting for someone who can give us like these advices, actually i have to thank you alot, it is so good to be careful while you invest your cureency

[Neymer jr 19]

Thank you for sharing this important information with us.  I think it will be very helpful for all new traders to become successful in business.  Will help them do good work.  As a result, their work will improve.

[Treat1234 0]

On 3/1/2020 at 5:03 PM, Mesut Ozil said:

To succeed in my business, having the knowledge and doing the right thing will enable you to achieve your goals.  And always remember not to be greedy in the crypto business.

You need to have experience of any business before you embark on any Trading, this will showcase your talent of being genus

[AlexMia 17]

Block chain technology is really well received from the public. , wait for lots of results, including not determining the appropriate time to end the transaction.

[scorpiali 5626]

On 1/26/2020 at 8:51 PM, talo122 said:

 

 

Rule 1: 

Follow Your Written Trading Plan

 This is the #1 reason why traders fail. It is human nature to want to vary or break rules and it takes discipline to continue to act in accordance with the established rules.

 

Write out a plan, even if it’s simple at first, and follow it religiously.

 

Rule 2: Keep Learning On A Daily Basis.

The markets are changing every single day and the strategies that you may have used 5 years ago might not work now. You need to continue to educate yourself on a daily basis.

 

 

Rule 3:

 Don’t Let Losses Compound.

Per your trading plan you should already know when and where you will cut your losses. Whether it’s a technical failure or percentage move doesn’t matter as long as you have something in place to mitigate risk.

 

 

Rule 4:

 Never Set A Price Target.

  Don’t set a price target and automatically get out of good trades. If you are long a trade and the pair hits your “target” don’t just automatically exit! Let profits run wild. Place a trailing stop loss order and see how high it can go from there after locking in gains.

 

 

Rule 5: 

Master One Strategy At A Time.

Never jump from one trading style to another. Master one style and strategy first rather than becoming average at several.

 

 

 

Rule 6:

 Listen To The Charts .

In case you didn’t already know, you cannot affect the market.

Everything is reflected in the price and volume when it comes to technical analysis .

 

.

Nice advice for trading, Thanks for sharing this because we need all advice from other traders to compare with our rules and see if we can add or remove anything 

[Daddminna 27]

no problem I judge this is a competent tip, in trading requires self-made rules, the regulations are habitually the unaffected as trading strategies, by trading every day we will be other skilled to notice the sell position and in addition the marketplace patterns.
 

[hamadahajali 394]

Thank you for these important tips. Really, these tips are enough to make you a successful trader if you apply them well and you can achieve good profits because they are really valuable advice.

[Tuhin00 31]

Studying your triumphs and disappointments, accomplish not row fights, follow great prepared not expect, neighboring are reasons for certainty and trade. It be adept to be overwhelmingmay be momentous You're right, a productive dealer necessary be official by a dealer in a not loads of stages.
 

[SuperCrypto 7193]

Excellent experience and advice are imperative to reduce trading risk. But it only works if you stick to it. Equally important is having a good plan, commitment to it is also important and not allowing emotions to influence it.

[Calvinpriva 17296]

Good tips sir, having a trading plan will be good results for you and you can earn profit from your plan. But the reason of many traders to fail is because we have good trading plans and later we throw them away after getting small profits, and we start to get loss because we go out of the plan.

[Alomgir0099 7]

There are quite a a small amount of stages that be compulsory to be approved by a dealer before good-looking a money-spinning trader. The overriding scene a mercantile give rise to got to let is his expertise in calculating emotions, Utilizing mastered tools, human being soul consistent, sticking to the plan, imprisoning financial management in trading
 

[SHAKILZ 23]

You can have a good business logic and you always make money from the market but you're still afraid of losing, am I right?.........

[Treat1234 0]

7 hours ago, kusvuw10 said:

These important principles for effective communication. I have learned a lot from your article. and it's really good for newbies, i'll try to apply it all to my deals, thank you +

Trading successfully is all by your efforts and determination, you just have to base your knowledge on trading and you will get the better side of it

[Humairaakter755 5]

This is the way to success,"Follow Your Written Trading Plan" that you make a decent arrangement and execute it effectively with the goal that you can arrive at what you need, a debt of gratitude is in order for share my fr

[Treat1234 0]

20 hours ago, HorbiDJ1 said:

A trader will earn a lot if he follows the rules of trade. The basic trading rules are standard deposit money, money management rules, emotion control, ongoing training, analysis, etc.

There are many golden opportunity in cryptocurrency, we need to be ready to grab it by learning and having experience about it for a better profits

[Shahud 1319]

everyone here follow own strategies and made their own rules to become successful traders.but therr are some basic rules that everyone should follow like having a deep knowledge of trading and investing in a good project

[BrolySSJ 7899]

These are all very good rules for trading. Especially the one about mastering one strategy before moving onto another. Many newbies do not do this as they try to learn bits and pieces which does not help. also, to add to these rules, set a stop loss and stick to it, and don't get emotional. Be patient. A large part of trading is patience.

[phizusiki 239]

On 2/19/2020 at 9:50 AM, godfather##1 said:

yes you right, chart do not tell alie. if we can understand charts almost u done all work of trading skill. u need read news everyday for more informs. related to your analysis from chart u will see tatol picture of crypto market in short term and long term. and then u decide your stratergies for trading or holding.

follow an success trader is good too. u cam learn many thing from them. rougth learning form success trader u can increase your analysis skill.

A trader will make a lot of money by following trading rules. The main trading rules are standard deposits, money management rules, and emotional control. It can help other beginners to trade, there are many factors you need to consider in trading

[Treat1234 0]

6 hours ago, JamesMark said:

I know that holding strategy is the best for the moment, the rules or steps given are really important for trading.

I don't like holding my coins, I don't believe in holding strategy, sometimes it does disappoint when the price isn't going the right way

[Rickso 768]

On 1/26/2020 at 8:51 PM, talo122 said:

 

 

Rule 1: 

Follow Your Written Trading Plan

 This is the #1 reason why traders fail. It is human nature to want to vary or break rules and it takes discipline to continue to act in accordance with the established rules.

 

Write out a plan, even if it’s simple at first, and follow it religiously.

 

Rule 2: Keep Learning On A Daily Basis.

The markets are changing every single day and the strategies that you may have used 5 years ago might not work now. You need to continue to educate yourself on a daily basis.

 

 

Rule 3:

 Don’t Let Losses Compound.

Per your trading plan you should already know when and where you will cut your losses. Whether it’s a technical failure or percentage move doesn’t matter as long as you have something in place to mitigate risk.

 

 

Rule 4:

 Never Set A Price Target.

  Don’t set a price target and automatically get out of good trades. If you are long a trade and the pair hits your “target” don’t just automatically exit! Let profits run wild. Place a trailing stop loss order and see how high it can go from there after locking in gains.

 

 

Rule 5: 

Master One Strategy At A Time.

Never jump from one trading style to another. Master one style and strategy first rather than becoming average at several.

 

 

 

Rule 6:

 Listen To The Charts .

In case you didn’t already know, you cannot affect the market.

Everything is reflected in the price and volume when it comes to technical analysis .

 

.

i would also add DCA  on the "rule 4"(for those who don't know what it is... Dollar Cost Averaging, so instead of using a stop loss you buy more coins when the price drop and then you will sell in profit) since on that point you talk about to don't set a target price. so it could be very important if you don't want to use a stop loss on every trade.

[phizusiki 239]

On 2/25/2020 at 4:02 AM, gordoncrypto said:

This makes some very good points. Sticking to a chosen strategy is very important. In fact, this should include sticking to a preferred profit.

The buyer must confirm that he is expert in calculating emotions, use the tools fluently, exist consistently, stick to the plan, impose sanctions on currency management in the transaction. I definitely won't be bored reading all the posts from my friends here to get a better understanding of my knowledge

[Ayush Singh 1175]

I agree with all day 6 Golden tips given above I think it will be very much beneficial for all the users and more for the beginners who are interested in trading the second and fourth rule of trading is very important we should learn in a regular basis about trading in this forum and also should not select price target because it can make you suffer from huge loss.

[Ali_hmwi 966]

On 1/26/2020 at 9:51 PM, talo122 said:

 

 

Rule 1: 

Follow Your Written Trading Plan

 This is the #1 reason why traders fail. It is human nature to want to vary or break rules and it takes discipline to continue to act in accordance with the established rules.

 

Write out a plan, even if it’s simple at first, and follow it religiously.

 

Rule 2: Keep Learning On A Daily Basis.

The markets are changing every single day and the strategies that you may have used 5 years ago might not work now. You need to continue to educate yourself on a daily basis.

 

 

Rule 3:

 Don’t Let Losses Compound.

Per your trading plan you should already know when and where you will cut your losses. Whether it’s a technical failure or percentage move doesn’t matter as long as you have something in place to mitigate risk.

 

 

Rule 4:

 Never Set A Price Target.

  Don’t set a price target and automatically get out of good trades. If you are long a trade and the pair hits your “target” don’t just automatically exit! Let profits run wild. Place a trailing stop loss order and see how high it can go from there after locking in gains.

 

 

Rule 5: 

Master One Strategy At A Time.

Never jump from one trading style to another. Master one style and strategy first rather than becoming average at several.

 

 

 

Rule 6:

 Listen To The Charts .

In case you didn’t already know, you cannot affect the market.

Everything is reflected in the price and volume when it comes to technical analysis .

 

.

Good advises but also i am confused more about the new stuff that i should start with. Good luck.

[vaskilii85 28]

Да, я думаю, что это хороший совет, в торговле требуются самодельные правила, правила обычно такие же, как торговые стратегии, торгуя каждый день мы будем более опытными, чтобы увидеть рыночную ситуацию, а также рыночные модели.

[kadayakito 765]

Thank you, I agree with your rules 1, 2 and 6. Also i have different views you. Continuous learning is indispensable for trading, and you need a complete plan to work step by step. Be patient and try hard