Quantcast
Channel: cluyhearths
Viewing all articles
Browse latest Browse all 901

Basic Trading Rules for newbies

$
0
0
http://www.enepath.com - voice trading contact - - The "Six Basic Rules" are: 1. Seek to have no less than a 75% paper trade success rate on a Simulator before you start trading reside in the marketplace. Most traders make good profits then turn right around and lose the profits because they're too desperate to trade. Hesitate to trade. Trade only once you're completely confident and comfortable. Don't trade because you have an electric bill to cover. Pressure of the sort will make you opt for a psychological decision as opposed to a logical one. If you take a large loss, well you MUST return to paper trading on the simulator. Don't cheat yourself and think it is okay to simply overlook the problem. Something went wrong and you must redirect your discipline and skills. 2. Most Traders trade many times. Traders are so obsessed with earning money that they throw their hard earned profits away on weak trades or weak market days. The less trading you do, the more you'll base your selections on only the...

Viewing all articles
Browse latest Browse all 901

Trending Articles