TOP 10 Rules of a Professional Trader

No matter how successful you are as a trader, review these recommendations once again, as even the most experienced among us can miss important details.

Try to stick to this list of fundamental rules, as breaking them will almost inevitably lead to losses.

1. Risk per Trade: Limit it to 2% of your account balance. This is the maximum amount a trader should risk on a single trade.

2. Total Risk: Keep it up to 15% of your account balance.

3. Start with Micro Accounts: At this stage, the only significant loss will be time, which is the price you pay for experience.

4. Continuously Optimize Your Trading System: The market is always changing, and any system will eventually fail if not adapted.

5. Always Analyze Your Results: Even if they are positive. You need to understand both the strengths of yourself and your trading system.

6. Diversify Your Risks: Invest in different instruments or use various strategies to spread your risk.

7. Don’t Neglect Stop-Losses: Setting stop-losses is a crucial strategy that requires mastery.

8. Be Cautious During News Releases: Forex markets are least predictable during these times.

9. Never Lose Control of Your Emotions: This way, you’ll maintain control of the situation.

10. Don’t Chase Profits, Aim for Stability: Higher profits come with higher risks. Your goal should be consistency.