The most important golden rule as far as forex trading is concerned is that you must never trade without a plan, and you must stick to your trading plan. You can only do that if you exercise trading discipline to help you control your ego and emotions
I second that.
Be strict if following your tested plan.
Don’t pay attention to the noise.
Very true Eroedon thanks
Yeah true words
Very good advice, developing a trading plan is so important and prevents emotional decisions
Distractions and hype was one of the biggest things I had to overcome when I started trading.
actually over trading attitude comes form emotions , and there is no one who can control emotions when trading in practical. only real trading indiscipline can reduce the percentage of emotions.
This is 100% true bro…I’m looking into Renko at the moment which takes all the emotion out because it is purely mechanical…I see it working well
And how did you overcome that?
Good luck with that mate
Keep a level head, keep it simple and plan
Keep a level head - what’s your tips for that?
Don’t use leverage especially when you’re just starting out.
Okay thanks ponpon
My only golden rule is- Always trade with a stop loss.
Interesting topic Renko, let us know how you get on with it.
I have found it very promising so far from what I have seen.
Don’t watch the House of Commons!
The beginner's guide to FX trading