Rule number one stay consistent where you want to be is always in control never wishing always trading and always first and foremost protecting your ass. This really goes to show how Paul Tudor Jones but a heavy importance on risk management and being able to trade for another day. Don't be the typical retail Trader and set yourself those unrealistic expectations, which will then lead to over leveraging in the market then this will end up in blown accounts.Rule number two invest this is not a get rich quick scheme. If everyone spent 90% of their time on that not 90% of the time when pie-in-the-sky ideas and how much money they're going to make then they will be incredibly successful investors the typical retail Trader. What are they sold their normally sold a dream of quitting their job and trading full time from anywhere in reality. It's not the get-rich-quick scheme you're looking for.Paul Tudor Jones specifically says if 90% of people spent more time and actually investing and trading rather than how much money they think they could make then the be on their way to be a great investor. Simply put stop dreaming and start doing rule number three. No your maximum risk. The most important rule is to play a great defense not a great offense every day. I assume every position I have is wrong. I know am I stopped risk points are going to be I do that so I can Define my maximum drawdown. Now. This is an incredibly important to pick up as a typical retail Trader. Everyone has different pain thresholds and risk appetites, but what you always want to be doing is protecting your Capital this means making sure you're setting stop losses at points where the trade idea is no longer valid and planning out the maximum risk. You can put on a single position rule number. For if in doubt get out, if you have a losing position that is making you feel uncomfortable The Simple Solution is to get out because you can always get back in many Traders out. There are always Wishing on prices to reach their take profits. Even when the price starts moving towards your stop Paul Tudor Jones specifically mentions, if it's making you feel uncomfortable and get out a nice tip you could do to soften losses is through to reduce your mission sighs partially as it moves to your stop-loss this way you reduce the overall loss, but you can still stay in the trade additionally following a systematic approach will heavily reduce the emotions in your trading rule number five. Do your homework and know your Edge it is not that we have an unfair knowledge Vantage. It's just that we did our homework people just don't want to believe that anyone can break away from the crowd and Rise Above mediocrity. Do you know if your approach actually has an edge to tackle this issue make sure to historically test your strategy and any methods to see if it worked in the past the more data the better different market conditions can heavily affect how well your strategy can perform. Rule number six trade turning points for the best risk to reward. Everyone says you get killed trying to pick tops and bottoms. Well, I've been missing the meat in the middle, but I've made a lot of money at the tops and bottoms many hedge fund managers actually trade turning points rather than Trend trading which follows the crowd but how do you know when a turning point will turn the simple answer is that most Traders at all the lie that technical analysis alone can help you forecast turning points in reality? See, that's not how the market Works to really increase your odds of turning points. You need to incorporate fundamentals technicals and an overall picture of the market to see if it's truly oversold or overbought rule number seven trade High volatility and breakouts when you get a range expansion, the market is sending you a very loud clear signal that the market is getting ready to move in the direction of that expansion. Most Traders out there only stick to the major currency pairs also known as the most liquid pairs. What does this mean? It means they're also the least volatile currencies. So they don't move as much as others Paul Tudor Jones specifically mentions to trade High volatility to work out the volatility. You can use methods such as the ATR and work out a tradable set of currency pairs based on volatility. Rule number eight always be humble. Don't be a hero don't have an ego and always question yourself and your ability don't ever feel that you are very good the second you do you are dead staying humble and knowing the market gives you opportunities and not the other way around is key to waiting for higher odds trades. If you start to think you're a market wizard in can predict every move you're going to end up over trading overconfident and over. Mystic all leading to a loss in capital and confidence in the end rule number nine always be alert to what can go wrong. I know that to be successful. I have to be frightened. My biggest hits have always come after I've had a great period and I started to think that I knew something in the end winning streets feel great, but they're the worst mental state to be in euphoric trading can get you killed Paul Tudor Jones mentions the key to keeping a healthy. Mindset is to always be alert. I never think trades going to work as his worst losses have come straight after the winning phases rule. Number ten always adapt markets are always changing you adapt evolve compete or die strategies will always have their ups and downs, but the key to Siz consistent growth in the markets is to always adapt your strategy. The market conditions are always changing. So knowing when your strategy be As well and when it doesn't is important to understand that's it for our video on top 10 trading Rules by Paul Tudor Jones. Hopefully you found it useful and maybe you can apply some of these roles to your trading if you actually interested in learning how to trade and how to trade the Forex Market specifically you can actually sign up to our Academy. The link will be in the bio will teach you how to generate fundamental trade ideas how to apply technicals and reports to time those ideas and how to to avoid create a trading plan that works for you. Thanks for watching the video. 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This video discusses the trading rules professional trader Paul Tudor Jones goes by. Trading Rules are a key part of your overall trading strategy and how to trade successfully. 