40 Tips for Successful

Trading
Engr.Ahmad Raza
 Tip 1: If you want to stay in this business, leave
“hope at the door and put a stop loss”.
Tip 2: When you start trading (open a position),
start looking for signs that you are wrong. If
you see them, then get out before you hit the
stop loss.
Tip 3: Trading should be tiring, like working in a
Tip 1-5 factory. If there is a guarantee in trading, it is:
“excited traders drain their accounts”.
Tip 4: Don’t jump into the “next hot thing.”
Develop your plan and follow it.
Tip 5: You trade other merchants of non-
existent goods. You have to take into account
(feel) the psychology and emotions behind
trading.
 Tip 6: Be aware of your own emotions.
Irrational behavior is the downfall of every
trader. If you shout in front of your computer
begging for the price to move in your direction,
you should ask yourself, “Is this rational?” Easy
entry. Calm out. Put stops. Don’t shout.
Tip 7: Don’t worry too much – excitement
increases the risk as it obscures the mind.
Tip 8: Don’t trade too much – be patient and
Tip 5-10 wait for 3-5 good trades.
Tip 9: If you come to trade with the idea of
making “big money”, you are doomed. This
mental attitude is the reason for blowing up
most accounts.
Tip 10: Don’t focus on money. Focus on the
proper execution of commercial operations. If
entering and exiting the trade is rational, the
money will take care of itself.
 Tip 11: If you focus on money, you will begin
to impose your will on the market to meet
financial needs. There is only one result from
this scenario: you will give all your money to
traders who have focused on limiting risk and
letting their profits grow.
Tip 12: The best way to minimize risk is not to
trade. This is a great truth, especially during
low-volatility. If the price is not moving
properly, then do not trade. Just sit back,
watch and try to learn something. By doing
Tip 10-14 this, you are more active in reducing risk and
protecting your capital.
Tip 13: You do not need to trade 5 days a week.
Trade 4 days a week, so you will be smarter
during trading.
Tip 14: Prevent the loss of your capital. This
means that you must have stop loss and
sometimes staying out of the market.
 Tip 15: Be relaxed. Take a position and put a
stop loss. And if you decide to stay out of the
market, who cares? You just do your job and
actively defend your capital. Professional
traders constantly suffer small losses.
Amateurs resort to hope and sometimes
prayers to save their trade. In life, hope is a
very positive thing. In the world of trade, hope
is a virus that infects and destroys.
Tip 16: Do not leave “red” position for the
night.
Tip 17: Hold the winning positions as long as
Tip 15-19 they move in their path. Let the market take
you outside at its last stop.
Tip 18: Money Management is the secret to
success. Don’t overload your trade. The more
you overload it, the more hope comes into play
when everything goes against you. The hope of
trade is like acid for the skin, the more it
stagnates, the more painful the results
become.
Tip 19: There is no logical reason to hesitate
when you put stop loss.
 Tip 20: Professional traders accept losses. To
make a mistake and not accept the loss is
detrimental to your account and mind.
Tip 21: Once you have suffered a loss, forget
about continuing to trade at any cost,
especially when the loss is small. Do yourself a
favor and take advantage of every opportunity
to clear your head by taking a small loss.
Tip 22: Never let a position go against you
more than 2% of your capital. Wider position –
a tighter stop.
Tip 20-24 Tip 23: Use the daily chart to get an idea of the
30 day trend, the hourly chart to get an idea of
the daily trend and the 5 minute chart to
identify entry points.
Tip 24: If you are hesitant to take a position, it
shows a lack of confidence, which is not
necessary. Just take a position and set stop
loss. Traders lose money in positions every day.
Keep them small. The confidence you need is
not whether you are right or not, but that you
will always stop no matter what. So, in fact,
you can alleviate this hesitation to “pull the
trigger” by continuing to set your stops and
reinforce this behavior.
 Tip 25: Adding to a losing position is like a
sinking ship that takes in extra water.
Tip 26: Add to a position that goes your way.
Tip 27: Adrenaline is a sign that your ego and
emotions have reached a point where they
cloud your mind. Realize this and immediately
narrow your stop loss significantly to keep your
winnings or close the position.
Tip 25-29
Tip 28: Look for suitable opportunities not to
trade.
Tip 29: Excessive self-confidence leads to
financial ruin. When you justify losses with
things like “They’re just putting weak hands in
here”, that’s how you feel. Don’t hold a losing
position. Cut losses. You can always get them
back.
 Tip 30: Most of the time you want to buy the
product before the price jumps, then sell to
current players after it jumps. If you buy after a
jump, realize that professional traders are
selling their positions in order to test the
strength of the trend. They will buy them back
below the level to which the price has jumped
– where you usually put your stop when buying
after a jump. Greed comes into play when the
price jumps again and current players embark
Tip 30-31 on a chase and buy the product. Understand
how the trends are arranged and use this as an
advantage when opening and closing a
position.
Tip 31: Unfortunately, discipline is not learned
until you fail an account. And until you do that,
you think it can’t happen to you. Indicative is
this attitude that makes you hold losing
positions and do it wisely all the way to the
bottom.
 Tip 32: Withdrawing winnings each month and
depositing them in your current bank account
is a good practice. This action will help you
understand that this is a business and your
business should generate profits every month.
Tip 33: Professional traders always invest a
small part of their capital in one position. Or if
they open a large position then they limit the
risk to 1-2% of their capital. Amateurs usually
put a large part of their account in one position
and give it “room to move” in case they are
right. This situation creates emotions that
destroy their accounts, while professionals
have the opportunity to make decisions and
Tip 32-35 limit their losses because they strictly
determine their risk.
Tip 34: More differences between professionals
and amateurs: Professionals focus on risk
management and capital protection. Amateurs
focus on how much money they can make with
each trade. Professionals always take the
money of amateurs.
Tip 35: Don’t be a hero! In this market, the
heroes are defeated. Adding money to a losing
position is a “heroic move”. The forex market
does not require blind courage, but elegance,
finesse. Don’t pretend to be a hero.
 Tip 36: Sadly, traders never realize the
importance of “rules” until they “blow up”
their accounts. Until you lose everything, it is
not clear to you that it is very important and
you must follow the basic rules of professional
trading (limit the loss, let the profit grow, etc.).
Tip 37: The market intensifies bad habits… If in
the beginning you find yourself in a losing
position, which goes to 20% of your capital and
there is an opportunity to get out after a big
Tip 36-37 rise / fall, you are doomed. The market
intensifies bad habits. The next time you allow
a position to go to a 20% loss, you will hold it
thinking that you will be able to get out again
with some big movement (rise / fall) if you are
patient and wait long enough. Then it no
longer matters whether the product has been
renewed or if good news has come out. You
still need to protect your capital. Whether it’s
sensible or not, you control the risk by always
stopping.
 Tip 38: Who is responsible for your trade?
A hallmark of an amateur trader who will
achieve nothing in this business is that he
constantly blames everything but himself as
the cause of bad trade. While the pro sounds
like this:
“I’m guilty because this position is too big for
me.”
Tip 38 “I’m guilty because I didn’t fit my risk
standards”
“I’m guilty because I really don’t know how to
trade”
“I’m guilty because I know market players can
take my money and I knew I was going there.”
“I’m guilty because I know there are risks in
trading and I didn’t identify them fully enough
when I took that position.”
 Tip 39: The trader who does not use risk
control, but is controlled by emotions, gives his
money to the one who is controlled and uses
proper risk control. Amateurs always think,
“How much money can I make from this
position?” And the professionals like this:
“How much money can I lose from this
position?”
Tip 40: At times, traders find that no one can
Tip 39- 40 tell them exactly what will happen the next
business day, and you may never know how
much money you will make. Then the only
thing left for you to do is determine how much
to risk in order to find out if you are right or
not. The key to successful trading is to focus on
how much money you risk, not how much you
can earn.
Ahmad Raza

+923482799970

@ahmadraza

ahmadraxa370@gmail.
com