FX investment, recommended books to introduce
New Trader × Rich Trader: The Ultimate Guide to Stock Investment
Steve Burns
Rules of the Wealthy Trader
1. Before you start trading each day, read your trading rules and trading plan.
2. Never expect a rebound in price. Cut losses at the price you initially set.
3. Always stay disciplined. Follow the initial trading plan you set.
4. Never engage in excessively risky trading.
5. Know that successful trades are those that follow the trading plan and system.
6. Do not trade while doing something else. When trading, focus on the trades.
7. Your own thoughts don’t matter—there is only price movement.
8. Never try to forecast. Follow the trend, and follow the trend reversals.
9. Do not fall into the hindsight trap—the present moment of trading is what matters.
10. Always respect market movements and never become arrogant.
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