Mentality and Rules for Trading

If a trader does not understand what happens to him/her psychologically

while trading, He or She is more likely to lose. The market pays you to be Disciplined, All you have to do is to be
disciplined every day In placing every trade and the market will reward you consistently.

MONEY MANAGEMENT IS 70% OF YOUR SUCCESS

Never ever risk more than 3-5% of your account. Please know that even 5% per trade is
Recommended for only experienced people who know all the Basics of the market.

If you lose 3 trades in a row without a WIN, Please STOP FOR THE DAY
OR CONTINUE WHEN YOU HAVE A CLEAR MIND, AND WHEN THE MARKET
IS BETTER FOR TRADING. You also need to recalculate your weekly investment based on your
Previous results. When you have a very good week, invest 0.5-1% more
next week because you can afford to lose more.

CREATE YOUR TRADING PLAN

More than 90% of all traders don't have proper trading plan. A Trading plan
is like a map that will take you from point A to point B. If you don't have
it, I’m sorry but you will keep on gaining and losing your Profit/Balance
repeatedly and you will never Become successful.
Set a goal that you will double your account monthly
or gain 5% daily for the next 20 Trading days in a month. After doing this, you can aim higher.
*Make use of the Alpha Binary Team Money Management Calculator/Plan in the Membership Package
to Understand Better.
NEVER OVER TRADE AND LEARN WHEN TO STOP
TRADING ON DAILY BASIS

This will not be a problem if you have good trading plan. If you
have good series of trades like 7 wins-1 loss, Stop trading for that day.
When you get 3 losses straight away. Stop trading for that day
or reschedule another good time to trade.
To become wealthy in trading you just need 3 winning
trades per day and that's it. So remember, NEVER OVERTRADE and know
when to stop for the day.

CONTINUOUSLY LEARN ABOUT THE MARKET

You have to learn about Market Conditions every single day, and
Try to understand why the market is moving in a certain direction and when
It’s a good time to trade and when it isn’t. Never place any trade
15 minutes before and 15 minutes after a Medium or High Importance News
Based on technical analysis. Also, don’t trade during bank holidays,
and When the Day is filled up with High Importance News
(But this could be an opportunity to trade the News/Fundamentals).

“PRICE ACTION” IS YOUR GUIDE ON HOW THE MARKET MOVES

Learn about price action (Support, Resistance, Candle Stick Patterns,

Chart Patterns, Pivot Points...etc).
This is the foundation of all trading. Watch The Videos Given and do some
personal research to Understand this perfectly.
CONTROL YOUR EMOTIONS

Have you ever experienced getting awesome results while trading on

DEMO but when you switched to a live account,
you get a lot of losses? Want to know the reason why? YOUR EMOTIONS. While you
were trading on demo you were very relaxed and you chose the right
Trades. But when you switched to a live account, you lost one trade and then your
Emotions sprung up and you started risking more than 3-5% of your
live account, became impatient, took bad setups, rushed
into trades and after some period of time you lost your
Account.

HOW CAN I TRADE WITHOUT EMOTIONS?

The only way to trade on a live account without emotions is to

Meditate before a trading session on a daily basis, write down your daily
target on a paper, write down how you feel,
get rid of bad feelings/emotions like- regret, greed,
sadness, and most especially, EXCITEMENT. Improve your
concentration, and focus on a Daily Basis.

WE WISH YOU SUCCESS IN TRADING!

ALPHA BINARY TEAM