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Thread: Try to be a smart investor in Forex market

  1. #1
    Join Date
    Mar 2018
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    Forex Ability & Talent

    Try to be a smart investor in Forex market

    Do you one of the most common mistakes made by novice traders? We will give you some time to think about it. If you are thinking they overtrade or they overanalyze the market, you are wrong. These are some common mistakes but not the mistake that we are talking about. The mistake that we are talking about is so little that any trader can make it in their career. It is the mistake of repeating the past trades. When any trader is trading the industry, their goal is to make money. They spend a lot of time in analyzing and setting their position sizes to make their strategy successful but when it does, they stick to this strategy. They use the same strategy even in the next trade and this is why many traders lose their money just after winning. You need to know how to make your money consistently and if you are trying to repeat the last trade, it is not going to happen. In our mindset, it may seem natural to use the past strategy again because it was successful. What we do not take into account is the trend has changed. There are new volatilities and the market has changed its courses based on new events. Read this article and you will find some strong points that will make you realize the mistakes you have been doing all these years. It is not late to change the mistake and you can easily do it.

    Use the price action confirmation signal
    Though there are many ways to trade the market the professional traders in the United Kingdom always follow price action trading strategy. The price action trading system is based on the formation of the Japanese candlestick pattern. It allows the traders to trade the key support and resistance level with the high level of accuracy. Being a new investor you might have enough knowledge of the retail trading industry but this doesn’t mean you will be winning all the trades.

    Learn from your losing trades
    The more you will trade, the better you will understand about the complex market. As a full-time trader, you must know Forex trading is the most sophisticated business in the world. Just like any other business, you need to have a strategic plan, to deal with the complex market movement. Never take any unnecessary risk even though you have enough capital. Every losing trade will offer something new to you. So learn from your losing trades and try to develop a simple plan to make a profit regardless of the condition of the market. Trade this market with the high level of confidence and focus on risk management factors.

    Synchronize with the market dynamics
    This is the best advice that we can give to traders. Whenever you are trading in this industry with any currency pair, always bring some changes in your strategy after you have placed your trade. This way you can make sure that you are not repeating your strategy and you are also trading with the live trends. Do not think the market will not change in only hours. Even a minute is enough time for Forex to change the price patterns. Never be afraid of bringing changes and this is how you can trade the market with a new strategy.

    The past trend is over
    You should not live in the past. This market is based on present events and news and you also need to trade with the latest news. If you are trying to make use of your last strategy, you will lose your trades. Trade with the live trend and also work hard to make money. Trading is not a tree that you can work for some time and enjoy your fruits for the rest of month. Every time you ache to plan new for your next trades.

  2. #2
    Join Date
    Apr 2018
    Thanked 1 Time in 1 Post
    Forex Ability & Talent
    Il Forex è un business altamente rischioso. Il mercato Forex è chiamato mercato incerto. Persino i trader esperti a volte non possono prevedere il mercato. Questo mercato è molto pericoloso soprattutto per i nuovi trader. Per fare soldi e gestire i rischi corretti sto negoziando con TradesFX. Questo broke è anche garantito per investire denaro, perché è un broker di trading regolamentato. Inoltre mi stanno dando 1: 500 leverage facility. Hanno anche popolari criptovalute come Bitcoin, Litecoin, Ethereum, Ripple, ecc.

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