Fundamentals and rules that must be implemented to achieve success in trading, lessons that must be followed
1☆Withdraw your profits continuously, preferably weekly
Every weekend
Don't underestimate the importance of investing part of your money
Do what you can, no matter what your capabilities are
2☆Manage your account capital and your portfolio
By implementing any signal or recommendation
With only one contract at most, two contracts only, with a stop loss not exceeding 120 points, with the appropriate lot value for the portfolio. Split your trade from different centers in scattered places
3. Choose one or two pairs to work with only. Do not scatter yourself in a million things, a million directions
4☆ Analyze the pairs you are working on and choose the best entry areas
5☆ If you are losing a lot, your losses are consecutive. Stay away from the markets for a while. Take a break for your mental health. Do not trade, your mindset is not prepared for work. You will fall into the trap
6☆ Avoid working during news time and on Fridays
And if you are working with the morning session, the European session, just focus on it. And if you are working with the American session, stick with the American
It is preferable to have only one signal daily if the opportunities arise
Do not enter all the time. If you enter again after your profit, the market will catch you
7☆ As much as you can, close your trades daily. You will feel the difference before the market closes, even if you close at the entry point. You will sleep dreaming of the condition. Set yourself a daily or weekly target
8☆ The trade that does not come, zero reversal, do not worry about it at all. Your contract with the smallest lot to know the market signals and the market direction
9☆ You will earn less, even if it's 70 points, but the important thing is the stop loss because the market situation is difficult during this period for any analyst worldwide, above any professional because it moves in a very wide range with a lot of points
No matter how successful your trades are, the market is smarter than the biggest institutions in the world. It plays on your psychology. Its goal is your loss, not your profit
10☆ Even forex companies aim for your loss, not your profit. Consider the company's spread, the difference between bid and ask price, margin, and leverage that you might be using in a week can vanish in one day, so work wisely, not for quick profit ((( Don't lose hope )))
Determine your losses before your profits
I wish everyone success and prosperity. May you be profitable
