Short forex rule

Short forex rule for forex traders

1. A good trader must be punctual. He should not open a trade whenever 

He opens the trading terminal. He should fix the time of trading. He

Should not open trade in any pair.

       

2. When you keep losing continuously decrease your lot size. But we do the opposite. We try to recover the loss by making profit. But the result is loss ! loss! loss !  

3. Many times traders close their profitable trade very soon. But when it is in loss mode they don’t want to close it. They think of taking profit from that trade. But they close I when the balance becomes half. You must close the trade when the loss is bearable.

4. What was the highest profit pip of the day or week? Don’t set stop loss or take profit more than that.

5. If you can take profit in every trade, you can open trade in bigger lot. Otherwise stay in small lot.

6. When you can understand that the trade is against you, close the trade immediately. This will help you to lose less.

7. Don’t change your strategy regular. The strategy which helps you to profit is perfect for you. Never copy the strategy of others.

8. Don’t lose excess that you can’t open new trade due to not having enough money. If you lose in three trades, close trading terminal for that day.    

9. Don’t be emotional. Try to analysis he market and then trade.

10. You shouldn’t always depend on the news or indicator. Read the news, if it is against the trend; don’t trade depending on the news.

11. Try to adjust with the little amount of lose. Don’t be impatient to profit.

12. Don’t try without any trend. Try to scalp by watching H4 chart.

Follow these tips profit will be yours.