Tips and tricks!

I think the fundamental analysis is very important when deciding the movements in the market, but do not forget the technical analysis. When both tests are aligned in the same direction, you will be more likely to win. 😉

proyecto posted:
I think the fundamental analysis is very important when deciding the movements in the market, but do not forget the technical analysis. When both tests are aligned in the same direction, you will be more likely to win. 😉

Yes this is true, just be careful with TA, if everyone is looking at the obvious move your more likely to get knocked out by larger traders looking for a better price.

snapdragon1970 posted:

proyecto posted:
I think the fundamental analysis is very important when deciding the movements in the market, but do not forget the technical analysis. When both tests are aligned in the same direction, you will be more likely to win. 😉

Yes this is true, just be careful with TA, if everyone is looking at the obvious move your more likely to get knocked out by larger traders looking for a better price.

Of course..
In financial markets, the key to success lies in knowing how to predict the future and act accordingly. Stay long in a position (buy) if you think the market will go up, or undo positions or stay short (selling to the future, for example) if you think the market is going to go down. Whoever does this will earn a lot of money. 😂

An advice, life is composed of cycles, stages and moments, some softer or pleasant than others ... and each represents the opportunity to learn, grow and mature essentially.

I have a trick, which can serve you, is:
Do not increase our size of contract in a series of losses, but rather the opposite and not obsessing with complying strictly with the objectives
Weekly

fellipefx posted:
I have a trick, which can serve you, is:
Do not increase our size of contract in a series of losses, but rather the opposite and not obsessing with complying strictly with the objectives
Weekly

That's called professional Trading!

snapdragon1970 posted:

fellipefx posted:
I have a trick, which can serve you, is:
Do not increase our size of contract in a series of losses, but rather the opposite and not obsessing with complying strictly with the objectives
Weekly

That's called professional Trading!

So is.😉

technical analysis is good

besttools posted:

technical analysis is good

Clear!..
However, a technical analysis is very interesting, since it allows, through a study of past phenomena, to learn and anticipate future phenomena by deducting simple rules.

Through this analysis you can, at the same time, limit your risks and guide your choices towards valid challenges.

One tip, do not expect to win in all your trades ..

This does not sound like good publicity, but even the most successful trader does not win all his trades. What they do is a solid plan and a long-term strategy that carefully takes risks into account. So I would not necessarily be disappointed if a trade does not work; Check why it was not positive and see if there is anything to learn from that experience.

To become a successful entrepreneur, you have to maintain your composure, be rational and emotionally distant. These traits are usually found in new entrants. Experienced traders are much cooler and composed and have learned over time that you are going to win some and if you do not lose some.

I like to trade stocks as well as FX ,today Snap had its IPO, I have a short position at 25.13 with take profit at 24, my total loss will be 53euro total gain 102.

Hello,
Just keeps to: learning, testing educating, getting experience ...then again and again. :)

THE CORRECT ATTITUDE
The correct attitude implies to keep in mind and to develop these attributes constantly:

• Discipline
• Objectivity
• Patience
• Have real expectations

To know the differences between the different currencies that are traded

Not all currency pairs have the same characteristics. Each currency pair is traded taking into account different macroeconomic factors. In addition different economic agents trade with different currency pairs for different reasons. The way a banking institution operates differs significantly from the way a mutual fund operates. A speculator will have a different philosophy than that of a retail investor. Therefore, in order to maximize opportunities, you must keep in mind the different factors that drive different economic agents to participate in the market.

A tip looks at your trading history.
For this step, it is necessary that you keep a record of all the operations that you carry out in the currency market. In the history of operations you can find the most common mistakes you make along with your areas of success.

Each strategy has its ups and downs. There is no system that is 100% profitable throughout the year. So we must be prepared for fluctuations. As we said earlier, success is measured over the long term. The problem with many newbies is that they try a strategy and if it does not work for the first week they put it aside and try a new one. It is advisable to see how this strategy behaves in the medium / long term.

Thanks guys for posting good advice, everyone benefits ,keeping records of our trades helps even if we get it right 40% of the time as long as we have good money management we can still be profitable.

There are lots of good free info out there, if anyone wants links let me know.

When I see a signal, I operate by dividing the batches of an operation into two distinct operations. If the original were a lot, there would be two of 0.5 for example. The two with the same stop loss, one of them put take profit and the other only a trailing stop the same size as the stop loss. In this way, the take profit will be executed and at the same time the trailing of another operation will be moved to the entry price, leaving the operation totally insured. In addition, you can earn a few extra pips if you raise more, adjusting continuously the trailing of the second operation.