11 December 2012

5.GOLDEN RULES TO TRADE IN FUTURE

1.Never let a winner turn into a loser: Always make your own trading plan. Knowing how much you are willing to risk on any one particular trade is just as important as knowing how much you are willing to risk on trading in general. 
2.Take profit: Margin is one of the great advantages to trading Futures. The margins on futures products tend to be far less than that of stocks.....
 3.If you cannot afford to lose, you cannot afford to win: As we have stated in Rule Four, losing is a natural part of trading. If you are not in a position to accept losses, either psychologically or financially, you have no business trading. In addition, trading should be done only with surplus funds that are not vital to daily expenses.
4.If your are not sure ,don’t trade: If you're in a trade and feel unsure of yourself, take your loss or protect your profit with a stop. If you are unsure of a position, you will be influenced by a multitude of extraneous and unimportant details and will probably end up taking a loss.
5.Be aware of the trend: It is vitally important that a trader be aware of a strong force in the market, either bullish or bearish.

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