Medical Book

Buy Textbooks | Autoclaves | stethoscopes | Buy Books Online | Buy Medical Textbooks | Textbooks | Equipment | Nutrition | USMLE | MRCP | MRCS | Dental | Sport Medicine | Cardiology | Medical Textbook | Surgery | Pregnancy | Anatomy | Radiation | Pedia |
HomePublicationsRegisterLog in


 become a successful Swing trader

View previous topic View next topic Go down 


Male Posts : 669
Birthday : 1990-05-18
Join date : 2014-08-16
Age : 29
Job/hobbies : forex

become a successful Swing trader Empty
PostSubject: become a successful Swing trader   become a successful Swing trader Icon_minitimeFri Sep 26, 2014 2:55 pm

Five Commandments to become a successful Swing trader

1. Cut Losses Short - No matter who says what, if a trade is going against you, cut your losses and sit back.

2. Managing Targets & Stop Losses - Always protect your swing profits by shifting your trailing profit on the upside. Revise your targets depending on market situations.

3. Trade the trend - Always trade in the direction of the long term trend. Do not take a trade opposite to the trend

4. Records - Keep detailed record of every trade and analyze your mistakes on a weekly basis. No matter what stage you reach, learning and improving never ends.

5. Never Average down - Never ever average on the downside. Always average on the upside.

Other Requirements - Usually ignored by many

1. Lowest commissions possible along with the best service one can bargain for.

2. Opting for brokers who provide a Desktop based trading application. Web based applications are slow.

3. Sufficient trading capital to start with. Anything less than 5 Lacs in my opinion is difficult to make a living from.

4. Reliable Internet connection with backup, installed on a high end Desktop/Laptop

5. Using appropriate softwares for Technicals. Web based softwares are just not good to analyze.

6. Making sure that Data is clean and Accurate. Data from some free sites are full of errors and are unvalidated.

Back to top Go down

become a successful Swing trader

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Medical Book :: Forex :: Forex Education and Learning-