Wednesday, June 30, 2010

10 GOLDEN RULES FOR TRADING

1.Always do your analysis before trading.
2.Always have a clear and reasonable idea of your objective.
3.Never trade on emotions or other people’s forecasts.
4.Buy at support and sell at resistance.
5.Always trade with “STOP LOSS”.
6.Never hold a losing position over night.
7.Never add to a losing position.
8.Never risk more than 5 % of your trading capital on one trade.
9.Take responsibility for your own trades.
10.If you are breaking any of the above rules … STOP TRADING… because you are out of control.

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