Top 10 Rules For Successful Trading

Anyone who wants to become a profitable stock trader need only spend a few minutes online to find such phrases as "plan your trade; trade your plan" and "keep your losses to a minimum." For new traders, these tidbits can seem more like a distraction than actionable advice. If you're new to trading, you probably just want to know how to hurry up and make money.

Rule 1: Always Use a Trading Plan
Rule 2: Treat Trading Like a Business
Rule 3: Use Technology to Your Advantage
Rule 4: Protect Your Trading Capital
Rule 5: Become a Student of the Markets
Rule 6: Risk Only What You Can Afford to Lose
Rule 7: Develop a Methodology Based on Facts
Rule 8: Always Use a Stop Loss
Rule 9: Know When to Stop Trading
Rule 10: Keep Trading in Perspective

Conclusion: Understanding the importance of each of these trading rules, and how they work together, can help a trader establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena.

To know how you can be a Successful Trader-- cutt dot ly/BNg7Fv2 (Copy and Paste this in a new tab and Remove DOT with actual . )