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Tools to trade.
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45656

Member Since Jun 29, 2019  65 posts 45656 Sep 15 2019 at 08:17
There are many tools like oscillators, averages, and others. Common mistake among new traders is to mix everything up. They feel more comfortable when there are more tools on chart. This way it is hard to learn with one specific tool. Because you have so many tools on chart you will act on different signals. Yes, some indicators work great together but you should know what are you looking for. This may be very confusing. Result is always the same – no progress.

Roberto21

Member Since May 02, 2019  266 posts Roberto21 Sep 16 2019 at 05:24
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.    

HertzTrader

Member Since Sep 16, 2019  11 posts HertzTrader Sep 16 2019 at 10:47
I had best progress when I took all the indicators off my charts and just traded price action. I think that is the best way

togr

Member Since Feb 22, 2011  4742 posts vontogr (togr) Sep 17 2019 at 09:01
Your
- eyes
- brain
- hands
- internet connected device


I trade what I like. I like what I trade.
Mohammadi

Member Since Aug 11, 2017  736 posts Mohammadi Sep 17 2019 at 10:15
For keeping survive in this volatile trading place confident is needed but overconfident is will harmful , sometimes because overconfident then leading trader greedy in trades, and dare to take risk in trading which actually the market very dynamic and not always after trade open trades then will directly get profit.

lazilybento

Member Since Sep 17, 2019  8 posts lazilybento Sep 17 2019 at 12:34
All you need is
 - patience
 - cool head
 - determination


AmDiab

Member Since Apr 18, 2017  652 posts AmDiab Sep 17 2019 at 14:56
lazilybento posted:
All you need is
 - patience
 - cool head
 - determination



And of course a good trading strategy; when you are trading with a smooth trading system then the procedure will be meaningful!!

togr

Member Since Feb 22, 2011  4742 posts vontogr (togr) Sep 18 2019 at 06:36
AmDiab posted:
lazilybento posted:
All you need is
 - patience
 - cool head
 - determination



And of course a good trading strategy; when you are trading with a smooth trading system then the procedure will be meaningful!!


Good trading strategy is necessarry for trading, but it is not a tool.
It is telling you how and when to trade while tool is to execute the trade

I trade what I like. I like what I trade.
jakes90

Member Since Jul 31, 2019  19 posts jakes90 Sep 18 2019 at 11:21
Forex traders tend to make everything over complicated with the excess use of these trading tools. I don’t say they are not useful, but sometimes a simple strategy with lesser stress works better, as in my case.

togr

Member Since Feb 22, 2011  4742 posts vontogr (togr) Sep 18 2019 at 12:23
jakes90 posted:
Forex traders tend to make everything over complicated with the excess use of these trading tools. I don’t say they are not useful, but sometimes a simple strategy with lesser stress works better, as in my case.

thumbs up

I trade what I like. I like what I trade.
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