Top 10 Rules for Making Profit from Trading
Start making profit and earning money through trading now with these tips and rules:
Always use a trading plan
Treat trading as a business
Use technology to your advantage
Know the right time to enter a trade
Protect your trading capital
Learn the latest trading strategies
Risk only what you can afford to lose
Always use a stop loss
Know when to stop trading
Continue trading from your right perspective
1: Always use a trading plan
A trading plan is a set of rules and guidelines that define the criteria for a trader to enter and exit a specific trade and manage his money for each purchase or sale. A trading plan can be considered as laws that a trader sets to make decisions, as it includes setting specific goals and gains, what losses should be withdrawn at, what is the maximum duration of the trade, in addition to conducting a comprehensive analysis of the market using technical and fundamental analysis, in addition to developing a clear trading strategy.
