Thursday, 12 April 2012
10 Golden Trading Rules
1. Have a Game Plan
2. Follow the Game Plan
3. Always trade with Stop Loss to protect your capital
4. Diversify to reduce your risk
5. Filter your trade to capture the Big Moves
6. Trade with the Trend
7. Not to listen to the news (many are planted by traders to affect the market). Listen only to the market.
8. Don't listen to your broker (they have interest in putting money into their own pocket)
9. Money Management
10. Must be Discipline (with your game plan, your stop and your profit taking).