Trading is like a game.We have to have a plan to win.If we want to make guaranteed money from trading we have to be disciplined and follow the rules.We can achieve 100% success ratio or 100% strike rate if we follow the rules religiously and do not let the emotions to over rule our plan. We can turn each of our trade into sure shot jackpot winner if we have well defined and accurate plan.Following are tips which will be very useful to earn from trading.
(1)Make a trading plan.Prepare a strategy to trade.
(2)Select the plan which is most suitable to your nature.
(3)Define risk reward ratio.
(4)Keep winners in and throw the losers out.Winning trades should be preserved by trailing stop-loss.
(5)Always use stop-loss.Never change it.
(6)Do not trade for the sake of trading or for time pass.
(7) Try to trade on break outs or on good chart patterns.Every trade should have and justify a sound reason for trading.
(8)Be patient, have the conviction.
(9)Do not listen to the rumors.
(10)Price is the king.Market is supreme.Never go against the market trend.
(11)Do not try to find reasons while prices are rising or falling.Keep trading with the original plan.Do not alter it.Reasons will follow.
(12)Take advice of expert professional advisor.