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More is not always better.
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Gabor33

Member Since Dec 09, 2016  45 posts Gabor33 Aug 24 2019 at 14:41
Madalyn posted:
I would love to be able to make money without too much time on screen if possible!


Start applying fundamental analysis and you will get that goal.

Baazex

Member Since Oct 24, 2019  45 posts Wiame (Baazex) Dec 10 2019 at 13:53
In trading business traders are always trying to get maximum profits its natural even greed is also natural emotion but a trader must be very realistic and this thing you can learn by experience and practice controlling the greed is essential

Revenue is vanity, profit is sanity, but cash is king
AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Dec 30 2019 at 16:56
Baazex posted:
In trading business traders are always trying to get maximum profits its natural even greed is also natural emotion but a trader must be very realistic and this thing you can learn by experience and practice controlling the greed is essential


We should set our TP levels based on the market’s paces! We can’t force the market to generate more profits!

Jumo

Member Since Jul 24, 2019  20 posts Andy Peters (Jumo) Dec 31 2019 at 10:14
It is not enough just to look at price activity in the market. Your trading strategy will not bring profit for a long time. Any important news can affect the market. And if you do not take this into account when opening an order then sooner or later you will suffer losses. Of course this is your strategy and you decide how to trade.
It is my friendly advice.

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Jan 02 at 13:30
Jumo posted:
It is not enough just to look at price activity in the market. Your trading strategy will not bring profit for a long time. Any important news can affect the market. And if you do not take this into account when opening an order then sooner or later you will suffer losses. Of course this is your strategy and you decide how to trade.
It is my friendly advice.


When I open a trade then I must use SL & TP; and this is why I can switch off another trading pair.

Sven98

Member Since Oct 22, 2019  15 posts Sven98 Jan 03 at 07:56
Madalyn posted:
I would love to be able to make money without too much time on screen if possible!

Same here. In fact who doesn’t want that.

Nasrul_Swing

Member Since Feb 28, 2019  104 posts Nasrul (Nasrul_Swing) Jan 03 at 09:25
Sven98 posted:
Same here. In fact who doesn’t want that.


Yes. That's why many trying to use EA as this not disturb your working life. However, it is very difficult to get a profitable EA.
Another plan is just manual trading with swing strategy style. But always, there is pro and cons.
Most important is, Just accept the losses and let the profits run.

Automated with Stop Loss.
togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Jan 03 at 09:35
45656 posted:
The motivation behind why, is that most traders assume that 'more is better', when as a general rule 'more' is in reality more awful, as it identifies with Forex trading. There truly is no compelling reason to sit before your PC for a considerable length of time investigating Forex news reports or various pointers. My trading theory is that all factors that influence a market's price development are reflected by means of the price activity on a price chart.


Nope.
price activity shows what is happening now.
If you monitor the news you know there will be big movement in advance, like NFP.
It equally important to do technical AND fundamental analyses.

I like what I trade, I trade what I like
AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Jan 03 at 13:07
Sven98 posted:
Madalyn posted:
I would love to be able to make money without too much time on screen if possible!

Same here. In fact who doesn’t want that.


But the reality is; there is no way of quick money making in Forex! It’s a long term procedure!

Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jan 03 at 22:45
Gabor33 posted:
Madalyn posted:
I would love to be able to make money without too much time on screen if possible!


Start applying fundamental analysis and you will get that goal.


NO. No it won't. There is A LOT more to successful investing than just using Fundamental Analysis.

Risk Management, High Probability Patterns, Fundamentals, Technical Analysis, and more.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
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