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.
I would love to be able to make money without too much time on screen if possible!
Aug 12 2019 at 11:15
Me too. Trading on the longer time frames is the key, more reliable set ups, less time at the charts.
Brighthouse posted:
Me too. Trading on the longer time frames is the key, more reliable set ups, less time at the charts.
What would you consider to be a longer timeframe?
Aug 20 2019 at 15:09
Expecting more (without any logic behind it) is a bad practice! We shouldn’t open any trade based on our own choice; we should follow the opportunities that market offers us!
Adribaasmet posted:I like your thinking
Expecting more (without any logic behind it) is a bad practice! We shouldn’t open any trade based on our own choice; we should follow the opportunities that market offers us!
Yes ofcorse . More or less is not important to me . Its more about the right thing. I think wasting too much time on a PC only makes you procrastinate your trade. So the moment i find a good trading opportunity , i immediately place an order for the same. So it not about more time , its just about the right time.
I like to check on markets during the day but do not sit in front of PC. I will come back at the close of candles to see what is going on but I will just over trade if I am watching charts all day
Abhijeet posted:
I like to check on markets during the day but do not sit in front of PC. I will come back at the close of candles to see what is going on but I will just over trade if I am watching charts all day
On which pair you are talking about? EURUSD? Currently I am bearish on this major trading pair!
Aug 24 2019 at 11:07
But at the start of the career or any trader I think little capital and short trades are simply unavoidable at all for many many reasons here completely. So I really do hope for all what is really happening there. I do not see why it should make it any longer.
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.
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
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!
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.
It is my friendly advice.
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.
Madalyn posted:Same here. In fact who doesn’t want that.
I would love to be able to make money without too much time on screen if possible!
Jan 03 2020 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.
Jan 03 2020 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.
Sven98 posted:Madalyn posted:Same here. In fact who doesn’t want that.
I would love to be able to make money without too much time on screen if possible!
But the reality is; there is no way of quick money making in Forex! It’s a long term procedure!
Jan 03 2020 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.
