Most professional traders have the discipline enough to follow the basic rules regarding trading. Generally, some newbies are reluctant to follow the regulations, but they should execute their business inside the rules. Let us discuss those rules and regulations below to get a safe environment.
- Start slow
For an amateur, it will always be better to start with less money and move slowly. Thinking the first trade like a jackpot can be a foolish deed. One thing we find common to all that the first trade does not work as planned always. When a trader starts losing too much money, he will be out of the game. Even when a beginner earns a great deal of money, he can be overconfident and invest more without any research which may take him as the victim of loss.
- Limiting the loss
One must have the exit plan before he or she enters … Read more