Golden Trading Rules

Have top strategies and rules, excitement alone wont guarantee success, so follow your golden rules to make your trading more bankable.

For example one of your golden rules could be, Trade with the trend: No Trend, No Trade! Or Plan the trade – Trade the plan! Buy at support, sell at resistance!

The list is endless, but you should ideally get a short list of at least 10 rules. Display your golden rules in your office or trading area, and read it every day.

GOLDEN TRADING RULES EXAMPLES

1. No Signal – No Trade

2. Plan your trades. Trade your plan

3. Keep records of your trading results – Keep a trading journal and your Income & Expenditure from trading.

4. Maximise profits, not the number of trades

5. Be patient enough to wait for good trades.

6. Be patient enough to avoid closing profitable trades too early

7. Cut losses early, protect profits with trailing stops

8. Focus on BIG movements. Don’t try to catch noisy small fluctuations.

9. Pay attention to price patterns and formations.

10. Don't take the market home

11. Professional Traders buy into bad news and sell into good news.

12. Professional traders have a well-scheduled planned time for studying the markets.

13. Professional traders isolate themselves from the opinions of others.

14. Make your own trading plan

15. Maintain discipline to be able to constantly suppress bad habits.

16. Success come with dreams - Dream big dreams and think tall. Very few people set goals too high. A man becomes what he thinks about all day long.

17. Strictly follow my plan and manage my risks

18. Only I am responsible for my trading result. So If I go wrong, I am to blame, Not the market, not the brokers or friends.

19. I will not use excessively tight stop losses – I will spend more time identifying a good entry point, than I will be patient and give the market some freedom and place my stop losses carefully.

20. Always discipline yourself by following a pre-determined set of rules.

21. Know your self - The key to successful trading is knowing yourself and your stress point.

22. Belief - You must believe in yourself and your judgement if you expect to make a living at this game.

23. I will commit my mind to the POWERFUL market trend.

24. I will accept losses and move on. Losses are part of the game.

25. Trade with the Trend – I will not try to outguess the markets – I will wait for the reversal to come

26. I will break my trades in 2 or 4 parts and than withdraw profits gradually, whilst moving the stops on the profit.

27. I will not follow the crowd, because they are usually wrong.

28. Big movements take time to develop, so I will have patience and wait for a perfect setup.

29. I will avoid negative friends – I have learnt the hard way. They will pull you down at every available opportunity.

30. Money can be made everyday in the market. There are tons of opportunities, you have to spot them.

31. Forget the news, remember the chart – I do not have the resources and the expertise to know what particular news will have an impact on the price, but the chart already knows that the news is coming.

32. When there is a strong trend in place, I will buy the first pullback from a new high, and Sell the first pullback from a new low.

33. Price has a memory – what did the price do the last time it hit a certain level? Chances are it will do it again.

34. Beat the crowd – I will take their money before they take mine. When I trade I am really trading against a crowd, not the currency – that is just a medium.

35. Trade with a plan-not with hope, greed, or fear. Plan where you will get in the market, how much you will risk on the trade, and where you will take your profits

36. Watch for divergences in price action with the indicators, such as MACD, RSI and Stochastic.

37. You are your biggest mentor - Analyse your losses. Learn from your losses. They're expensive lessons; you paid for them. Most traders don't learn from their mistakes because they don't like to think about them.

38. Always use stop orders, always...always...always.

39. Never add to a losing position.

40. Fundamental News – Be interested in the market's reaction to news rather than the news itself

writren by

Jay Lakhani

see at http://www.actionforex.com/articles_library/general_trading_articles/golden_trading_rules_200511052900/

Where hyip make profit and why the interests are so high

For sure every newbie / newcomer, appearing on the investment market, they would asking how could it be possible to give so high return for investor. It makes sense. In reality, anyone, accustomed to use banking accounts and other services, allowing to earn a certain interest from the deposits, can`t submit the idea that SUCH HIGH INTERESTS are possible!But it`s true… Even despite the fact that many people beware to find simple cheaters under such programs, most of them DO pay out the amounts declared and bring profits for its investors. BUT HOW? This is what we are going to talk about in this article.

We were talking about possible investment ways in on of the previous issues of ours. Dear investors, we told You of the common investment principles. Dear admins, we explained You what the best investment resources are and why. As a result, we had a list of major directions: gold, currency, (FOREX), betting, safety stock, oil market and small sphere of other, not very popular investments.

The conclusion as well as experience shows: there can be the only one conclusion concerning priorities: gold and FOREX are of the most priority, though other directions can also be of a great interest, in case You do them well.

The most popular nowadays is gold investment. But we talked about it in a more detailed way in the previous article. Now we will discuss the main principles of the others, which, in fact, work on one and the same scheme. Constant changes in price allow gambling.
When admin says that he purchases gold, it means that he purchase it on Your money…

Choosing between these two parallels, we wouldn`t like draw a line between them. The principle, volume and opportunities are enormous for both of these markets. As they say, whatever You like. Hence, realizing the sense of their work, any investor can answer a question: where do they get such interests?

The thing is that purchasing and reselling gold or currency, one can turn to advantage, running up to multiple (!) increasing of the amount invested. It`s real, both for offline and online HYIP.

Now let`s talk of less popular, though interesting investment directions. So, part of programs, uses Your funds for betting, safety stock purchasing etc. We`ll say right away - each of the directions is rather doubtful.

For example, sport betting (stakes), popular nowadays, is the riskiest and looks similar to HYIP-games and it`s better to handle it on Your own (though, if You know nothing about it, You can go bankrupt, then You should better entrust a professional with Your funds or think of any other ways of investment).

Working with stocks or any other high-priced valuables (oil market, for example) means long term cooperation and depositing sufficient amounts. You should always be a professional, however it`s not so risky as in all the other cases. It`s because the activity on these markets is comparatively small, the changes don`t happen so sharply and suddenly.

Important feature for the programs, You are planning to invest into, is mostly, how fast You will receive Your profit. Three variants are possible: daily payouts, weekly payouts and monthly payouts. Besides there are multiple ways of withdrawing Your funds before the end of a program (in some program You are not able to withdraw funds till a certain date).

We discussed this question in one of the previous issues, now we can say that longer projects (the payouts take place not so frequently) are much more profitable and serious. Admins of these programs work with large amounts and investments are in work for a long period of time, that`s why the minimal investment amount is usually too high (up to 1000$). It`s hard to name well-defined priority in this sphere.

Our advice is - combining.

But now days HYIP use Ponzi scheme for their program. Ponzi is a scheme which HYIP admin paid their member with member money. Is like first come get first service. So if it too old you have to be very caferull.

Remember the golden rule for playing this game (i call HYIP as a game) "Invest money that you afford to spend and loose it".