Hello everyone! Welcome to our channel. We are with you again with a new video. This week, we have prepared a video for you of the must-have rules that should be applied in trading. Most of your trading result in losses, and if you can't figure out where you're doing wrong, this video is for you... To maximize your profits and minimize your losses, we have set seven golden rules that you should pay attention to in trading.
So, what are these seven golden rules? The first rule is to buy at the appropriate level. One of the most difficult issues for traders is to be able to determine the entry point of the trading. If the trading has been entered from the wrong point and prices action in the opposite trend, fear and panic begin and finally the trading can be stopped with great loss. In order not to experience such situations, there are some methods for determining trading levels. The first is to enter trading in the direction of trend. İn order to enter in the direction of the trend, a significant trend must occur in the chart. Every touch after the first two touches to the trend line can be considered as a buying opportunity.
The image contains an example of Trend Trading. There is an uptrend in the chart. The third theme of prices that touch the trend line twice can be considered as a buying signal. However, before entering to trading the trend line, it is important to use candlestick patterns such as Bullish engulfing and Morning Star as trend confirmation. In addition to candle patterns, Heikin Ashi bars can give you a hint of trend approval in the chart.
The second method used to entry the trading at the appropriate level is to trade in the direction of trend change. To trade in the direction of trend change, again a significant trend formation should be observed in the chart. Breakout of the trend line can be considered as a buying opportunity.
The image contains an example of Reverse Trend Trading. There is a downtrend in the chart. After breakout of the trend line, it is seen that prices have risen.
The third method used to entry the trading at the appropriate level is to trade range trading. This method is preferred if price actions are oscillating between a specific support and resistance line. Every touch after the first two touches to the Support and Resistance line can be considered as a trading opportunity.
The image contains an example of Range Trading. Prices oscillated between resistance and support line for a long time gave the opportunity to trade in this range.
The fourth method used to entry the trading at the appropriate level is to trade breakout trading. This method is preferred if the chart has any formations, such as Double Bottom, Ascending Triangle. Breakout formation resistance can be considered as a buying opportunity.
The image contains an example of Breakout Trading. After the breakout of the resistance line of the ascending Triangle formation, it is seen that prices have risen.
The fifth method used to entry the trading at the appropriate level is to trade pullback trading. Breakout Trading occasionally leads to risky trading. Because sometimes there are fake breakouts in the charts called bullish or bearish traps. In order not to fall into such traps, waiting for prices to pull back to the broken resistance line can be considered a buying opportunity, as it is a more prudent approach.
The image contains an example of Pullback Trading. First, prices are on a downtrend. After the breakout of the resistance line of the consolidation period that occurred afterwards, it is seen that the prices pullback to the same line. After pullback, prices appear to have risen.
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