10 Best Trading Rules For
Successful

Index
1. Trading Rules For Successful in Forex
1. 10 Best Trading Rules For Successful
1. Trading Plan
2. Manage Trading like a Business
3. Use of Technology
4. Protect Your Trading Capital
5. Become a student of the Markets
6. Risk Only What You Can Afford To Lose It
7. Based on Facts Develop a Trading Methodology
8. Use of Stop Loss
9. Know When to Stop Trading
10 Keep Trading in Perspective

Trading Rules For Successful
in Forex
 To be successful in forex trading, one needs to
understand the importance of and adhere to a set
of rules that have guided different type of traders,
with a variety of trading account sizes.
 Each and every rule alone is important, but when
they work together, the effects are powerful.

 Trading with these rules can hugely increase the
odds of succeeding in the markets.
 Many people are interested in learning how to
become successful traders for them here are 10
best trading rules for successful.

10 Best Trading Rules For
Successful Trading

1. Trading Plan
 A trading plan is a written set of rules that specify
a trader's entry, exit and money management
criteria.
 Using a trading plan allows traders to so this,
although it is a time-consuming endeavour.

2. Manage Trading like a
Business
 To be successful in trading one must approach
trading as a full-time or part-time business, not as
a job or a hobby.
 As a job, it can be frustrating because there is no
regular pay check.
 As a hobby where no real commitment to learning
is made, trading can be costly.

 Trading is a business and taxes, incurs expenses,
losses, stress and risk.

3. Use of Technology
 Trading is a competitive business, and one can
pretend the person sitting on the other side of a
trade is taking full benefit of technology.
 Charting platforms allow traders an infinite variety
of methods for viewing and analyzing the
markets.

4. Protect Your Trading Capital
 Saving Money to fund a trading account can take
much effort and a long time.
 It can be even more difficult the next time around.
 It is necessary to note that protecting your trading
capital is not synonymous with not having any
losing trades.

5. Become a Student of the
Markets
 Think of it as continuing education traders need to
remain focused on learning more each day.
 Since many concepts carry prerequisite
knowledge, it is important to remember that
understanding the markets and all of their
intricacies is an ongoing, lifelong process.

6. Risk Only What You Can
Afford To Lose It
 In Rule no 4 we mentioned that funding a trading
account can be a long process before a trader
begins using real cash, it is important that all of
the money in the account is truly expendable.
 If it is not the trader should keep saving till it is.

7. Based on Facts Develop a
Trading Methodology
 Taking the time to develop a sound trading
methodology is worth to effort.
 It may be tempting to consider in the so easy its
like printing money trading scams that are
prevalent on the interest.
 But facts, not emotions or hope should be the
inspiration behind developing a trading plan.

8. Use of Stop Loss
 A stop loss is a decided amount of risk that a
trader is willing to accept with every trade.
 The Stop Loss can be either a dollar percentage
or dollar but, either way, it limits the traders
expose during a trade.

9. Know When to Stop Trading
 Two reasons to stop trading am an ineffective
trading plan and ineffective traders.
 An ineffective trading plan shows much greater
losses than anticipated in the historical testing.
 An ineffective trader is one who is unable to
follow the trading plan.

 External stressors bad habits and need for
physical activity can all contribute to this problem.

10 Keep Trading in Perspective
 It is essential to stay focused on the big picture
when trading forex.
 A losing trade should not surprise us, but it is a
part of trading.
 Likewise, a winning trade is just one step along
the path to profitable trading.
 It is the cumulative profits that make a difference.

Thank You