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Three Golden Rules of Trading

 

Expert opinion: There are three main statuses of the movement of market charts:
- Uptrend - to increase the chances of success, you need to make only buy trades;
- Downtrend - to increase the chances of success, you need to make only sell trades;
- Sideways trend (price fluctuates in a horizontal channel) - you can make trades in any direction, depending on other methods of analysis, or just refrain from trading altogether.
To increase your chances of success, make trades in the direction of the trend!

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Expert opinion: Making trades with a risk of no more than 2% of the capital for each individual trade is very important. You will feel more psychologically comfortable, and you will be able to be more disciplined, which will positively affect your performance.

Expert opinion: Experienced participants in financial markets comply with the ratio of profit to risk of 2 to 1 or greater. In this case, even if there are 2 wrong decisions for every right decision, you will still have a stable result.