These 9 Tips for trading book of Abe Layman:
1. Define Your Trading style. First of all, you'll need to do some checking on your own personal, to know the type of trader are you. Whether you are a trader, day trader, swing trader, or other.
2. Select what you will tradingkan. Then you must determine what you tradingkan. You can't possibly trading on all financial instrument. You have to sift through which ones best suit your trading style. – Abe Layman-
3. Determine how to detect a Trend. Third, you need to know how to detect a trend. Trading trend will increase the possibility of appropriate you to get profit and minimize risk. – Abe Layman-
4. define the rules of Opening Position (Entry Rules). You must specify the rules for the open position. in what kind of condition your open positions. Equally as important as determining when you could be trading or not. -Abe-Layman
5. define the rules for the closing position (Exit Rules). The next step is to determine the rules to close the position, either for profit or position is being lost.
6. set the rule to manage risk: defines the amount of money you use for trading losses, set your dare, etc.
7. define the rules of money management. You need to do a money management to determine the portion of the money used in the trading, for example how to divide the money to perform Averaging strategy.
8. write the rules and follow the Rules. This step asks you to write these rules, and mempraktikkannya. You should always follow the rules you create for yourself when trading. -Abe-Layman
9. test your Trading System. Before using the system that you have created in a real emergency room trading, you should first test the system. When you are satisfied with the results, you can try it out on a real emergency room in trading. If not, you can modify it if necessary.
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