Thread: 10 Rules for Traders

I believe this is 10 rules for Traders to shed their cash the moment it possible!

People who are able to do.

Originally Posted by ;

10 Rules for Traders 1. Never use stops. Stops are for amatuers. 2. Never utilize The Way to Trade trading substances 3. Never buy and utilize a trading robot 4. Never use chart indiors....price is your very best indior 5. Never worry about risk-to-reward ratios. You can't exactly predict how much a currency pair will proceed . Never use someone elses trading platform. Design you have to match your trading style . Never log onto trading forums to get advice from other traders. No one has the Holy Grail 8. Never close a trade that has gone negative. Charts prove...

principles 1 - 9 seem absolutely okay for me personally,
principle 10 is bullsh*t.
FXcube

I'll follow almost none of those rules. I'll definitely be using ceases, undoubtedly shutting trades gone bad, I'll be concerned about risk to reward ratio, and also you are able to get some good advice from people on forums like this who know more than you. The one thing I'll say is you are right there is not any holy grail to making money. You're somebody who could learn a thing or two from others on a forum like this. I myself am new to Foreign Exchange but even I can see those are a few great techniques to destroy your account.

So I suppose OP is joking?

I like some of this advice, but I do not believe we ought to talk in such absolutes. While Forex trading requires a lot of discipline, in addition, it requires having the ability to adapt to a rapidly changing situation.

Agree with TS, you Need to go home watching TV and enjoy your popcorn and don't trading anymore especially FOREX

Originally Posted by ;

7. Never log onto trading forums to get advice from other traders. .

You do know you've submitted your 10 principles for Traders6 (advice) from the trading discussion part of a trading forum? You do see the irony in this right?
What's more - number 7 is the only piece of advise you've got on your list that's worth reading since the other 9 principles are most likely the worst advice I have ever read.