10 rules of successful trading

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10. Understand that there is no holy grail in the market

There is no magical key to the Indian or any other stock market. If there were, investment banks that spend billions of dollars on research would snap it up. Investing software and trading books by themselves can't make you enormously wealthy.



They can only give you tools and s****s that you can learn to apply. And, finally, there is no free lunch; every trading penny has to be earned. I would recommend that each trader identify his own style, his own patterns, his own horizon and the set-ups that he is most comfortable with and practice them to perfection.



You need only to be able to trade very few patterns to make consistent profits in the market.


No gizmos can make a difference to your trading. There are no signals that are always 100% correct, so stop looking for them.



Focus, instead, on percentage trades, trying to catch large moves and keeping your methodology simple. What needs constant improving are discipline and your trading psychology.



At end of the day, money is not made by how complicated-looking your analysis is but whether it gets you in the right trade at the right time. Over-analysis can, in fact, lead to paralysis and that is death for a trader. If you can't pull the trigger at the right time, then all your analysis and knowledge is a waste.

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This is definitely an excellent recommendation for all beginner traders. But sometimes traders simply do not physically have the opportunity to quickly find the best offers on the exchanges. However, you can successfully automate this process using the BitAlpha AI platform. So you will be aware of the most profitable offers and will be able to make the most profitable crypto transactions.