Sunday, October 26, 2008

7 Habit of Successful Traders

1) Try demo account for 3 to 6 month before dealing with an live account.

2) Trade only when all the criteria for you to trade is meet.

3) Enter the market promptly at the entry point or you will loss it fast

4) Always put a stop loss for any trade

5) Accept that your wrong if your trade hit stop loss and move on to the next

6) Trade with system, not prediction; Never hope or pray that market goes your way

7) Remember that you don't have to be right all the time