FEW PRECAUTIONS WHILE TRADING
1. Remember market is always right
2. Never ever trade without STOP LOSS
3. Never chase a trade. Markets give lots of opportunities,so if you miss one ,you will find another one tomorrow.
4. Always have profit target placed in trade. You will not die taking profit
5. Try to avoid trading in first and last hours of the market because at those time markets are moving wildly and if you are not professional trader can get hurt
6. Limits your trades in a day. This help you to focus more on your trade.
7. Risk a tiny amount on each trade. in this way you will be relaxed and execute your trade properly
8. Always trade with the trend
9. Never trade if you are upset or not well.
10. Try avoiding watching bussiness channels while doing intraday trading, because market mostly has already discounted the good or bad news and you might get trapped listening to that news. Watch these channels after you have completed your trade.
It’s a very good idea ,even if you are not professional trader but are interested in trading that you better take some Chart reading technical education. It will help you not to make silly mistakes and enter the market at wrong price and time, which in turn will help you to make money consistently .
1. Remember market is always right
2. Never ever trade without STOP LOSS
3. Never chase a trade. Markets give lots of opportunities,so if you miss one ,you will find another one tomorrow.
4. Always have profit target placed in trade. You will not die taking profit
5. Try to avoid trading in first and last hours of the market because at those time markets are moving wildly and if you are not professional trader can get hurt
6. Limits your trades in a day. This help you to focus more on your trade.
7. Risk a tiny amount on each trade. in this way you will be relaxed and execute your trade properly
8. Always trade with the trend
9. Never trade if you are upset or not well.
10. Try avoiding watching bussiness channels while doing intraday trading, because market mostly has already discounted the good or bad news and you might get trapped listening to that news. Watch these channels after you have completed your trade.
It’s a very good idea ,even if you are not professional trader but are interested in trading that you better take some Chart reading technical education. It will help you not to make silly mistakes and enter the market at wrong price and time, which in turn will help you to make money consistently .