For successful trading, follow the golden rules of trade:
Always use a trading plan and stick to it especially in emergency situations. While you are new to this business, forget about rash, spontaneous decisions
Online trading is only profitable when traders take this seriously and conduct their research on market analytics.
Always use stop loss. Stop-loss is a direct request from you to the broker to close the transaction when the price reaches a certain level of growth or fall.
Trade only high volume stocks. In stocks with low volume, the volatility is too high, and the probability of a failure to complete the Stop Loss limit is too high.
Periodically withdraw some of your profits.
Put part of the profits on a separate account. This is necessary for long-term market stability.
Explore the market. Keep track of all events, updates, you should be aware of all important events.
Take risks only by what you can afford to lose. Then in case of failure you will not lose all the savings.
The Power oThe company offers the most convenient platform MetaTrader 4 that is designed for beginners and professionals. It works quickly and efficiently and is perfect for any type of trade
LuxisTrade offers a wide range of markets such as: Forex, stocks, indices and the commodity market. One of the goals of traders is to understand and predict the price maneuver of the market, which is affected by the law of supply and demand, as well as market conditions.
Instructions for beginners
Do not rush to trade
Do not worry that while trading on a demo account without real money, you can miss the once-in-a-lifetime traffic. You lose nothing by investing your time in education and training.
Do not trade for no reason
Take risks with your money only when you see facts confirming the availability for trading.
Keep a transaction log and regularly review the results of your work
Almost all good traders agree that it is extremely useful to keep a journal of all your trades and learn from past experiences.
Beware of early success
Even with experience, it is difficult to cope with the ups and downs that come along with winning and losing streaks. A lucky trader often unnecessarily increases the size of trade just on the eve of a big losing deal. And although this is difficult, strive to accept losses and winnings impassively.
Have sufficient capital
Inadequate capitalization dooms most of the new businesses, and trading in financial markets is no exception. The lack of sufficient money to trade calls into question every second item on this list.