Our Golden Rules
Now this isn’t advice it’s just a few recommendations that we live by. Take them as you like:
- ONLY USE FUNDS YOU CAN AFFORD TO LOSE.
- Understand that you can lose all your money.
- Understand the basics, babypips.com is FREE.
- Always start slow and steady and bank profit to break even before increasing risks.
- Don’t follow the crowd stick to what you are confident with.
- Percentage not pounds. Forget about trying to earn the same money as a £50k account when you only have £500. But 10% is still 10%!!
- Plan for the long term and realise trading is long term
- DEMO for as long as it takes until you are 100% confident and prepared.
- SERIOUSLY only use money you can afford to lose!
- Set smaller than normal targets. Especially if you are new to trading.
- Stop thinking you will become rich overnight.
- Learn about drawdown and control emotions.
- HONESTLY please don’t use funds you can’t afford to lose.
- HAVE FUN!!!! Remember why you are trading enjoy the good days learn from the bad days.
- Don’t believe social media.
BACK TO THE REALITY OF TRADING