In money management, the following musts also be considered:
Portfolio Diversification - Do not place all eggs in 1 basket.
Know the commodity, value of the underlying asset
Proportional fund allocation
Risk to Reward Ratio - Amount of the risk must never be bigger than the reward.
Stop loss (SL) to protect from extreme losses and make money management method flawless.
It is not desirable that you attempt to become the jack of all trading markets as you might end up in fetching the master of none.
Making top rules for future trading beneath the light of knowledge is the after that step for the professional trade. These systems will assist in trading. Whenever a hesitation arises in the presentation under any situation they will provide the direction and give the right path towards the goal.
Following are a few of the commonly practiced regulations in trading:
10 GOLDEN RULES FOR TRADING
Always do your examination before commodity trading.
Always have an apparent and reasonable thought of your objective.
Never deal with emotions or other people's forecasts.
Buy at support & sell at the resistance.
Always trade with "STOP LOSS".
Never hold a trailing position over night.
Never put into a losing trade position.
Never risk more than 5% of your trading assets on one trade.
Take liability for your possess trades.
If you are breaking the any of the above regulations so, STOP TRADING because you are out of control trade. Always follow the experts suggestion and tips such as Free MCX Tips and News, Market trends, News Update's Etc.s