Keys For Successful
Traders.
Trading is an easy business to get into: No degrees or specialized training are required, start-up costs are relatively low and it can be done from the comfort of home. The logistical ease of getting started, however, should in no way imply that becoming a profitable trader is simple.
Trading is an easy business to get into: No degrees or specialized training are required, start-up costs are relatively low and it can be done from the comfort of home. The logistical ease of getting started, however, should in no way imply that becoming a profitable trader is simple.
1: Treat trading like a business
2: Always use a trading plan
3: Use Technology to Your
Advantage
4: Protect Your Trading
Capital
5: Become a Student of the
Markets
6: Risk Only What You Can
Afford to Lose
7: Develop a Trading
Methodology Based on Facts
8: Always Use a Stop Loss
9: Know When to Stop Trading
10: Keep Trading in
Perspective
Intimate:
Understanding the importance of each or these trading rules, and how they work together, can help traders establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena.
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