What is the 1 rule in trading?

[tradingstrategies]

The 1% principle for day traders restricts the danger on some random exchange to close to 1% of a broker's complete record esteem. Traders can hazard 1% of their record by exchanging either enormous situations with tight stop-misfortunes or little situations with stop-misfortunes put far away from the section cost.

 

[btaliat]

The first rule of trading to me is to know the principles that guide the forex trading. At times, people just go into forex trading without much knowledge on it. And also, we should leant how to trade with the money that we can afford only an not allow fear overcomes us.