The document provides 40 tips for successful trading. Key tips include focusing on risk management and capital protection rather than profits, setting stop losses, limiting the size of positions, cutting losses quickly, and accepting losses as part of the business. Professional traders are advised to constantly work on limiting risks while letting profits grow, rather than hoping positions will become profitable. Emotions should be controlled, as excitement and greed often lead to poor decision making.

1. Edu Campaign Eleven: 40 Tips for Successful
Trading
TIPS
BUSINESS

2. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading
GET YOUR TRADING LOG BOOK
If you want to stay in this business, leav e “hope at the door and put a stop
loss”.
Tip 1:

3. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading
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 9:
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 10:
Don’t trade too much – be patient and wait for 3-5 good trades.
Tip 8:
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 2:
Trading should be tiring, like working in a factory. If there is a guarantee in
trading, it is: “excited traders drain their accounts”.
Tip 3:
Don’t jump into the “next hot thing.” Develop your plan and follow it.
Tip 4:
You trade other merchants of non-existent goods. You have to take into
account (feel) the psychology and emotions behind trading.
Tip 5:
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 6:
Don’t worry too much – excitement increases the risk as it obscures the
mind.
Tip 7:

4. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading
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 15:
Do not leave “red” position for the night.
Tip 16:
Hold the winning positions as long as they move in their path. Let the
market take you outside at its last stop.
Tip 17:
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 11:
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 this, you are more
active in reducing risk and protecting your capital.
Tip 12:
You do not need to trade 5 days a week. Trade 4 days a week, so you will
be smarter during trading.
Tip 13:
Prevent the loss of your capital. This means that you must have stop loss
and sometimes staying out of the market.
Tip 14:

5. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading
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 23:
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 24:
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 18:
There is no logical reason to hesitate when you put stop loss.
Tip 19:
Professional traders accept losses. To make a mistake and not accept the
loss is detrimental to your account and mind.
Tip 20:
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 21:
Never let a position go against you more than 2% of your capital. Wider
position – a tighter stop.
Tip 22:

6. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading
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 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 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:
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 31:
Adding to a losing position is like a sinking ship that takes in extra water.
Tip 25:
Add to a position that goes your way.
Tip 26:
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 27:
Look for suitable opportunities not to trade.
Tip 28:

7. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading
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 limit their losses because they strictly determine their risk.
Tip 33:
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 34:
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 35:
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 36:
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 32:

8. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading
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 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 37:
Who is responsible for your trade?
Tip 38:
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.”
“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.”

9. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading
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 39:
At times, traders find that no one can 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.
Tip 40:
Disclaimer: The publications on this platform aim to provide useful information on
financial topics. But they are NOT financial consultation or advice. Therefore they
should not be used as a recommendation for making an investment decision on
any type of financial products and services. We use in-depth research in the field
but do not guarantee the completeness of the published materials. Always consult
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10. Edu Campaign Eleven: 40 Tips for Successful Trading
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Edu Campaign Eleven: 40 Tips for Successful Trading

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