What Are Your Golden Rules?

Beginner Questions
121

Yes, exactly

122

Thanks, good incite

123

I’ve been trading since 2007, and all of the replies to this thread are just good common sense, but not one of them will make a difference unless you follow the number one rule…the hardest rule of all to follow.

The number one rule is patience.

Not much point having a rules-based entry strategy if you jump in early, and not much point setting a take profit if you’re not going to wait for it to trigger. Tell me you are not guilty of this?

124

my golden rules include:

  1. patience ( as mentioned above)
  2. having faith in my tested strategies
  3. not being greedy, I’ve set a time period in which i trade and shut the laptop down after that and give time to my family.
125

My forex trading rule of the thumb is to start with a demo account before trading on a real account. It is easier for a beginner to trade on demo since you’ll feel no risk. You use virtual money to get an experience of how trading works