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Trading Strategies

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While every trade involves some degree of risk. Some says it’s gambling, for some it’s an art, for some it is a game of luck. Every body loves to make money. Traders come in the market with fancy dreams but due to some little mistakes many traders loss their money (Some get bankrupt). I believe every trader must have a rule or guideline for trading and must adhere to it. As per my personal experience below is some strategy for successful trading. 1)    Never Overtrade Greed is the enemy of your profit and friend of your loss. Be selective about the risks you take. Restrict your trades to the most profitable position. Do your homework and reduces impulsive and emotional trades. Try to make only 1-2 Positions at a time so you can concentrate and can get maximum profit from it.   2) Trade with Trends   Trend can be categories as Lower, Upper and Sideway. Lower and Upper trends are very easy, any one can understand it by seeing the graphs or by watching the price. Si