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Saturday, June 22, 2013

10 GOLDEN TRADING RULES

These are the 10 golden rules for successful trading in any kind of market. We recommend that you read them at least once daily before you trade.

  1. Always trade in the direction of the trend.
  2. Plan the Trade & Trade the Plan.
  3. Never lose more than a small percentage of your trading capital.
  4. Cut your losses short by keeping a suitable stop loss nearby.
  5. Let your Profits run into their full course.
  6. Never average a losing trade, you will get killed.
  7. When in doubt, get out of the position.
  8. Never follow the crowd, they always lose in the end.
  9. There is nothing too low to sell & nothing too high to buy.
  10. Don’t argue with the Market, Market is always right.

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