Effective Tips for Successful Trading
These tips are universal and suitable for all traders to increase their capital
1. Manage your capital wisely
Divide your deposit into 5 equal parts. Use no more than 1/5 of the funds for a single trade.
Example: If you have $500, then each part is $100.
Set a stop-loss: Limit the loss to 10 points. If the trade turns out to be unsuccessful, the loss will be only 2% of the total capital.
Maximum loss: Even if 5 consecutive trades are losing, the total loss will not exceed 10%.
2. Trade with the trend
Example: If the market is moving down, do not rush to buy, waiting for the “bottom”. Instead, look for selling opportunities.
In an uptrend, any price decline is a chance to enter a buying trade.
