Knowledge centre | Trading tips

Rules of trading

• Know your market
• Make a plan
• Stick to your plan
• Only trade with money you can afford to lose
• Plan your trade; know your entry/exit levels before executing a trade
• Use strict risk management rules
• Always use stop losses
• Only ever move stops to reduce risk
• Don't get emotionally attached to a trade
• Don't chase the market
• Don't overtrade
• Care more about protecting your capital than increasing profits
• Be wary around news announcements
• Keep learning

Common trading mistakes

There have been a number of studies and investigations related to the viability of short-term trading.  One frequently cited is a study by Richard L. Johnson for the NASAA - "An Analysis of Public Day Trading at a Retail Day Trading Firm (9/8/1999). " He concluded that the majority of traders in the study lost money and the vast majority of traders ran the risk of losing their entire stakes.

So why would you trade and how can you benefit from trading through Moneycorp Markets?
We are in the fortunate position that we have seen thousands of trading accounts and have a professional team of highly experienced traders.  There are several common trends in client trading accounts, which lead to these losses.  At Moneycorp Markets, we share these industry secrets with our clients with the aim that our clients become among the best-informed in the market.

Learn from your own and other traders' mistakes
Reviewing your own trading performance and highlighting the most common trading mistakes of other clients, we will look at various ways to improve your trading performance.

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