Making your personal trading rules.

[chuna1985]

To avoid becoming frustrated in the forex market because things are not going your way, every trader must make a rule that if will obey, to make sure that they are in control of their trade.

[standart]

Have a plan and daily target, because we can't trading for a long day and get profit. sometimes you get good profit and then you keep trading and then know your profit not increase but reduce. so better to have a target.

[hongshui]

And you must have experience,and dont impatient when you lost trade,you must focus on the factors change and seize the opportunity to reach the better success!

[sirwilly]

When you do lose out on a trade position, it is important to determine the cause of the loss so that you can more easily learn the lesson and correct the mistake in future times. That is the attitude of every good Forex trader.

[yogeshwartyagi]

This is a must to be successful in forex trading for every one to set his own rules and always follow those rules

Like i decided not to use high leverage, not to play opposite direction of market, and book profit always whenever i am getting decent

And most of the time i am following these rules i get good percentage of successful trades.

[hyipreviewblog]

have a weekly target than make a daily target so if you don't reach you daily target you still need have time to reach it next days...and also don't be greedy with big profits in one day...you should keep focus on your target and always put stop loss on every trading...

[Legendkid]

Having a personal target of your earning will surely keep you motivated.Since if you have a target,your sole interest will be to reach that target.

Not to go against instinct and having a resonal goal,dailyand weekly goals,so maybe the daily one fail,but i will strive to meet up with the weekly goal.

[t2t]

The first rule you should think of or put in place before starting forex trade is to know more about management. As in money management, time management and other relevant management. If not you might just go head long into it and loss all your money in a single day.

[indieover]

for me i don't have a weekly target for now. my trading strategy or rules is just to practice different indicators one a time for a period of time in demo trading. before applying them in live trading.

[boniez]

i'd never make a special trading rules, and i do as usuall if i et profit in a one day then i won't open order again, tough the result aren't good but that's my principal regarding money management

[silenteyes]

you are actually doing great by stopping yourself to trade after getting your desired profit.

This will avoid you from becoming victim of greed and having losses instead of profits.

Every trader should add this rule to his trading.

[indieover]

i guess for beginners we must learn from expert traders when they advice not to overcome by greed. so that we will avoid losing a lot of money and spare ourselves and regretting for ignoring the advice of expert traders. so i think beginners must aim to minimize their risk than just to earn fast in forex.

[sirwilly]

More importantly, the beginnr should keep a trading journal where he should note the mistakes he made in the trading day and try to aavoid these in future trades. I's a small but very significant effort.

[flybiz08]

Good topic here. A forex trader should be able to make rules that are part of the integral trading plan. These rules should be such that they are not too difficult to follow and they have to be realistic. Issues to consider here include, when to trade, money management, leverage etc.

[charlly007]

Yeah,a trader must come up with their own rules that will be guiding their trading.They must also make sure they follow it.One of suct is the time they will be doing the trading.They must have check the bbest time for them to do this and set out for it.

[indieover]

i don't have my own trading rules. for me it is just try to learn as much as possible and try to practice as much as possible. but i have stopped doing live trading and just plan to get back to demo trading so i can practice more.

[rizal83]

regulation is very important because the rules that we make will make us become regular trading well and we also have to have the commitment to follow the rules that we have made, in the absence of regulation even though we practice and continue to practice the results of our exercise was not will be useful in the long run because we will always break what we have learned

[zebrut]

a rule that we instil in the hearts well be very helpful at all when we will make a decision in the trade, given that we must obey the rules will make our discipline so as indirectly we apply discipline will greatly benefit us in the end may realize the targets we want to achieve. That's why we have to make the rules even though the rules are very difficult for us to run.

[rizal83]

without a rule we will not be able to maintain the stability of our trade and regulation are essential just like in life if you do not have rules it will be a lot of harm to many people but if the trading is without a regulation will only hurt ourselves itself because the rules that we make well, then we can maintain the stability of our trade well

[zebrut]

That's why we have rules within the stained and instill in us, because we make the rules can limit a great desire to achieve certain goals in a moment that ultimately will actually hurt us. with the regulation and control we can control the nature of greed and selfishness has been the biggest enemy in our lives.

[rizal83]

premises is that we have rules in trade will allow us to restrict all the bad things that we will do the trade and indeed the rules that we have if we continue to run this rule properly, this will allow us to through the process of becoming a trader successful because without a regulation that success will be very difficult for us to get in forex trading

[zebrut]

to be a true trader necessary rules of our own to tie us from greedy and reckless, because without rules we create can be said that we will always take shortcuts to achieve the desired maximum target of greed and recklessness that nature instead can destroy the dream. therefore before the start of trading first create a rule that must be executed properly so that we get maximum results.

[budado]

My personal trading rules right now is progressive income. Right now I have six active accounts and my strategy is very simple. Each account must reach 1,000 dollars capital each and right now I have 900 dollars capital and I'm sure before the end of the month I can reach 1,000 dollars capital. I know its a long run to reach 1,000 dollars in all accounts that I have right now but that's just my plan.

[zebrut]

excellent plan at all, but may I know what strategy you use so that you always get the advantage in trade, and in which you follow a trading broker because I'm very proud you are always confident to trade and have always followed the financial management well, I was until recently always been a failure in the trade even after applying some strategies but still did not gain the slightest advantage and therefore I want to learn from you

[standart]

its pretty hard to make own trading rule because it mean, same like traders build their own trading system. the most easy way to make own trading rule is modifying other traders rule. trading rule is important same as the importance of trading system. even though traders have good trading system but not completed with proper trading rule, the result maybe not as good as traders think.