If you are a trader then you must know about the trading tips which will surely help you in getting good profits and also not stuck in your trades.
I know some traders who do trades but they trade with full of their amount and also they dont know about their TP and SL which is the big blunder in trading. This could lead to a huge losses.
The first thing is that you have to plan your trades and always enter with a clear plan. Means you must know about your entry and exit price.
Using stoploss is the essential tips for successful trading. One stoploss can give you $10 loss but will save your other 90% losses and also you can get more plans for trades because your cash will not be stuck.
Keep your emotions in your controls, what you plan in beginning remain with that. Book your profits according to the set plans and never by lusty.
Never invest all of your money in single trade rather divide your cash into many parts for safe trading.
Dont open trade more than 2, plan 2 trades at a time and dont open more trades because it will make you confuse which could lead to losses.
The last tip is that "Patience is the key to success" Wait for the right opportunities, dont be quick for taking many trades rather wait if you could not find trades even after weeks.
These are some best tips which can give you good trading skills and also a good benefit in the trading.
THANK YOU!
I tried short term trading for 2 years, in the end I made zero in almost 24 months. What I earned I lost in the various stop losses. After that I stopped. I did not understand short term trading and also for me it had become a stressful activity. Thanks for this post. You never know, one day you try again with the experience of short term trading. !DIY
Posted using Neoxian City
You can query your personal balance by
!DIYSTATS