Some rules to make a profit through trading:
- Expand the View
Most traders are only fixated on one trading instrument only. It's not wrong if you do something like that, but it also means you will simply ignore opportunities in other currencies, or other stock indexes. In fact, there are so many trade subjects that you can transaksikan.
- Set Risks
As has been said, the risk is directly proportional to the odds. That's why you need to set how much your tolerance to the risks that may occur. Risk in trading is certainly a loss. If you do not limit the risk tolerance, it's the same to let all your capital (possibly) be consumed by the market. This risk restriction is also set in the trading plan.
- Immediately Withdraw the Benefits Provided
Most traders do not realize that profits should not be mixed with capital. If for example you start trading with a capital of $ 5,000 and you have managed to collect a profit of $ 1,000, then immediately pull that advantage. Let your account balance back to $ 5,000.
- Know the Time Out
The "exit" strategy is also important. The simplest is to close the position after the target profit is reached, or stop-loss taxable. It can also close positions as soon as your trading system requires it to be. The less aware is to immediately close the position after the loss reaches a certain percentage of the profit already earned.