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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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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Friday, Jun 06
18:00 Unemployment Rate 2 4.2% 4.2% 4.2%
18:00 U6 Underemployment Rate 2 7.8% 7.8%
18:00 Nonfarm Payrolls 3 139K 130K 147K Revised from 177K
18:00 Average Hourly Earnings (MoM) 3 0.4% 0.3% 0.2%
18:00 Labor Force Participation Rate 2 62.4% 62.6%
22:30 Baker Hughes US Oil Rig Count 1 461
Saturday, Jun 07
00:30 Consumer Credit Change 1 $10.85B $10.17B
01:00 CFTC Gold NC Net Positions 1 $174.2K
01:00 CFTC S&P 500 NC Net Positions 1 $-53K
01:00 CFTC Oil NC Net Positions 1 165.7K
Economic Calendar >> Add to your site

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