❶. Always use a trading plan and do not enter randomly
❷. Treat trading as a business and calculate your loss before your profit
❸. Patience, patience, then patience is the most important thing a trader must have
❹. Know the correct time to enter the trade and do not enter randomly, meaning you catch FOMO. You see a rising currency that you enter and suddenly find that it has fallen and you become attached to the currency and start looking for an analysis or a way out of your mistake that you made and then eventually despair and sell at a loss.
❺. Protect your trading capital
❻. Learn analysis and choose a strategy that makes trading easier for you. Do not enter the field without learning the principles of analysis and the basics
❼. Only risk what you can afford to lose because it is a risky market and not a gambling game. You put in $50 today and tomorrow you get $100.
❽. Always use stop loss
❾. Know when to stop trading. Successful trading does not trade every day. It is enough to open 5 to 6 successful trades in a month that can grow your portfolio.
10. Determine your goal for the currency before entering into a speculative or investment deal, and not when you relate to the currency and say, “Let’s make it an investment,” and the last thing you can do is get tired of it and its decline and sell at a loss.
We wrote for you the most important rules
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