Every trader has his own specific trading methodology. For me I for the most part trade in New York time session. I find this session more liquid than various sessions. Starting at now I open my talks and start to see it with my motivation. In case I find any set up I open the trade.
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Every trader has his own
- Thread starter Kevin Vogt
- Start date
Every trader has his strategy through which it is very easy to earn a trading profit. Many traders cannot exist in a strategy and this is the main reason for their loss.
Yes. Following others' strategies may not suit you. You have to make your own tactics to become successful; in this risky market.
Every trader should make their own trading plans. Because different trader has different abilities and ways of trading. So, following others strategy may put them in great danger in this market.
We need to make a Trading Plan that will take into account the daily trend and also the daily support and resistance levels so that we can use it on a daily basis.
You can earn money from Forex trading if you can acquire most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a profitable trading life without having a reliable support form a credible trading platform, because the broker can affects the result of our trading with certainly.
For traders it is important that they start doing Forex Analysis so that they will be able to know which time is suited for them to Enter into the markets.
We cannot rule out the importance of a Good Trading Plan. This is important for us and we should make sure that our trading plan suits our trading timings also.
A good plan can make you rich in this market.
You need to be very careful when you make any decision.
Stick to earning knowledge to flourish your trading career. Practice more and more on demo account so you can catch your mistakes. Understand the philosophy of the market so you can become strategically advanced.
Traders of different types have different strategies. The more flourished a trader’s strategy is, the more his return is.
Traders should spend a massive portion of their time in strategy innovation because strategy innovation leads a trader ahead.
Risk management strategy is followed to lower the risk of trading. As part of risk management plan, try to trade with micro accounts with low leverage and spread on pairs.
Don’t do any nonsense in trading rather take the trading as it appears. Try to catch the market trend by using strategies and trade accordingly to reap gain on the market.
I know traders have their own will but forex isn’t such a place where your will will give you profit rather a trader has to be logical here.
Be logical in trading and taking rush decision will lead you to again and again losses.
A demo accounts in funded with virtual cash on the other hand a real account is funded with real cash.
A trader shouldn’t trade according to his will if his will isn’t favorable with the market condition.
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