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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
Tuesday, Apr 08
04:40 Fed's Goolsbee speech 2
06:00 Westpac Consumer Confidence 2 -6% 4%
07:00 National Australia Bank's Business Conditions 1 4 3 Revised from 4
07:00 National Australia Bank's Business Confidence 1 -3 -2 Revised from -1
15:30 NFIB Business Optimism Index 1 97.4 101.3 100.7
18:25 Redbook Index (YoY) 1 4.8%
19:30 Ivey Purchasing Managers Index 2 53.6
19:30 Ivey Purchasing Managers Index s.a 2 53.2 55.3
21:30 BoE's Lombardelli speech 2
22:30 3-Year Note Auction 1 3.908%
Economic Calendar >> Add to your site

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