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Every trader in the financial market wants to earn consistent profit as their second or main source of income but few of them only earn profit from it and rest losing their money. The big reason of losing money is indiscipline trading in the financial market.
Through this article we recommend golden rules of trading and in any of market traders follow those golden rules then they can convert theirself into winning side from the losing side.
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Ten golden Rules of Trading:
# Always have a trading plan with an entry and exit strategy. When you open a position, tick to your trading plan and don’t let your emotions change your mind.
#Don’t open positions using all the money in your account. This will put your account at a great risk. We advise you to invest up to 5% of your money in the deal.
#Don’t invest again in your losing positions. It is always better to keep your winning positions longer and to close your losing positions earlier.
#Use stop loss orders for your open positions. This will keep your risk under control and will free your mind for new opportunities.
#Your goal is to trade with the trend. Don’t try to catch the highest or the lowest price of the movement.
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#Don’t bet against the market, because the market is always right.
# Successful traders usually buy on bad news and sell on good news.
#Don’t try to close every trade on profit. This is impossible. Try to keep positive balance between your winning and losing trades.
#When you want to make a short-term speculation, always keep an eye on the long term trend. We advice you to trade only when the short-term trend is the same as the long term-trend.
#Always improve your trading. You can do that be reviewing your trades. Find out your mistakes and avoid them in the future.
Maximize your profit by copy Our Trade