mark04 Posted October 19, 2009 Report Share Posted October 19, 2009 Dear Traders, Here are the 5 Golden Rules of Trading. Which one is the most important in the success of the traders? 1. Invest in the direction of the Trend! 2. Cut Losses Quickly. 3. Let Profits Grow… 4. Diversify. 5. Manage Risk. Regards mark04 Quote Link to comment Share on other sites More sharing options...
Tick4x Posted October 23, 2009 Report Share Posted October 23, 2009 Re: 5 Golden Rules of Trading Dear Traders, Here are the 5 Golden Rules of Trading. Which one is the most important in the success of the traders? 1. Invest in the direction of the Trend! 2. Cut Losses Quickly. 3. Let Profits Grow… 4. Diversify. 5. Manage Risk. Regards mark04 I vote for the "1. Invest in the direction of the Trend!". We just have to know the trend direction... Cheers, Tick Quote Link to comment Share on other sites More sharing options...
edi025 Posted December 5, 2009 Report Share Posted December 5, 2009 Re: 5 Golden Rules of Trading after the trade is before the trade ... Quote Link to comment Share on other sites More sharing options...
forexsolutions01 Posted December 15, 2009 Report Share Posted December 15, 2009 Re: 5 Golden Rules of Trading hi dude, i am agree with the five rules of trading.. but i want to mention a latest software i.e. use of excels via meta trader 4 in this also to make the forex trading more successful than before. if the all strategies will go in the right position then it will be more easy to understand and win the forex trading.. Have a nice time!!! regards, Ivan Quote Link to comment Share on other sites More sharing options...
dr0o69 Posted December 15, 2009 Report Share Posted December 15, 2009 (edited) Re: 5 Golden Rules of Trading thank you indo-investasi... now i become a better trader... Edited August 7, 2010 by dr0o69 Quote Link to comment Share on other sites More sharing options...
Iman1713006143 Posted December 15, 2009 Report Share Posted December 15, 2009 Re: 5 Golden Rules of Trading Hi all, I have one more rule: 6. Never forcast the market. :)) Quote Link to comment Share on other sites More sharing options...
bielcomp Posted December 23, 2009 Report Share Posted December 23, 2009 Re: 5 Golden Rules of Trading How about 1. try to find know earlier when market will break the trend 2. cut profit earlier 3. don't let your profit being change to be loss 4. don't diversify 5. and take your own risk :)) :)) Quote Link to comment Share on other sites More sharing options...
adrian1974 Posted December 24, 2009 Report Share Posted December 24, 2009 Re: 5 Golden Rules of Trading 1. Invest in the direction of the Trend! 2. Cut Losses Quickly. 3. Let Profits Grow… 4. Diversify. 5. Manage Risk. I heard so many many people suggest the same ideas. Those quotes are likely simple to read/write. But do we ever know how to use those rules? Or do we really know what the meaning of those rules ? The questions are: 1. How do you know exactly what trend is now developing if you are in the middle of trading ? 2. How do you cut losses quickly ? 3. How much we let the profit grow ? 4. How we divesify our strategy ? 5. How to manage our risk ? :-? Quote Link to comment Share on other sites More sharing options...
Jagernaut Posted January 1, 2010 Report Share Posted January 1, 2010 Re: 5 Golden Rules of Trading Just my opinions The questions are: 1. How do you know exactly what trend is now developing if you are in the middle of trading ? Looking at smaller timeframes 2. How do you cut losses quickly ? Tricky, transmitted stop levels are bad so scripts are needed, but I guess your question is more about determining stop levels. Formulas that determine the price that would end a move in a trend or pivot in a swing are many and varied. This is an area in which comfort is key and you have to just see which provides that. 3. How much we let the profit grow ? Use comfortable formula just described. 4. How we divesify our strategy ? Trend trade very long term, swing short tem, and use hedge type orders each with different account. 5. How to manage our risk ? For me just understanding rules then use variations in monte carlo to provide assortment of levels to choose comfort level. Quote Link to comment Share on other sites More sharing options...
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