Rules help protect your profits!

in #forex6 years ago (edited)

Hi everybody,

If you are trading according to the signals in my trading plan, or follow the signal of another trading method, you should note the following guidelines, which will help you limit your losses and protect your profit:
Forex daily analysis VN_note.jpg

  1. Do not move the stop loss position when the price goes against the trend in the prediction.
  2. Minimize the execution of direct orders when the price has not reached the limit position. It is best not to do it, unless there is a real trading signal. During the active market, the currency pair prices are always volatile, deliberately creating false signals as traders lose money.
  3. My trading signals are suitable for London and New York session.
  4. Moving the position of stop loss of orders to a positive value to protect profit when the price has moved about 20 pips from the transaction position.
  5. Restricting the look of the chart during the transaction, this will make your mentality unstable and lose your time!
  6. Fixed trading volume. For XAUUSD, it is advisable to reduce the volume compared to the currency pairs, as the XAUUSD is often given a higher stop loss rate.
  7. Minimize early take profit compared to the calculated point (because if take profit early, may not compensate when another order was lost).
    Wish you have good transaction results!
    Xthuy 1.png
Sort:  

Very useful post for community <3

Thank you for your positive evaluation! :))

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.030
BTC 58833.91
ETH 3155.94
USDT 1.00
SBD 2.44