We are all familiar with such kind of pictures showing us how we could become successful traders and start using trading for a living!
When you see a chart like this, everything seems much simpler! The only action you have to do is wait until the blue line crosses the red one.
In recent years, more and more people have been involved with trading either as professional traders or as amateurs looking for an income supplement.
In this article, we present a series of principles and practices that a trader should use in order to have increased probabilities for profitability. We need to underline that these practices are not directly connected with each trader’s selected strategies but they have to do mainly with the application and the implementation of each strategy. We should never forget that the most important enemy of a trader is not the markets or the volatility but the trader himself or herself. Finally, we would like to remark that the sequence of the following principles is not necessarily ordered by importance.