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Tips and tricks!

kieran (snapdragon1970)
Apr 26 2017 at 11:39
posts 1945
I don't know how many times I heard people saying that, of course it is gambling every time you place a trade you don't know its direction for sure, every professional trader I've ever worked along side knows it, all you can do is try to tip odds in your favour even then you might have 1% advantage.

"They mistook leverage with genius".
mlawson71
Apr 26 2017 at 12:07
posts 1487
snapdragon1970 posted:
I don't know how many times I heard people saying that, of course it is gambling every time you place a trade you don't know its direction for sure, every professional trader I've ever worked along side knows it, all you can do is try to tip odds in your favour even then you might have 1% advantage.


We never know the direction the market will take with 100% certainty though. Through proper analysis we can tell what direction is probable, but there's no certainty.

ToryBiggins
Apr 30 2017 at 06:58
posts 16
Trading is all about probabilities. If I get the direction right 55% of the time then I am a happy man!

mlawson71
May 02 2017 at 12:25
posts 1487
ToryBiggins posted:
Trading is all about probabilities. If I get the direction right 55% of the time then I am a happy man!


I don't know whether I'd be happy, but I'd definitely be content, I think.

kieran (snapdragon1970)
May 11 2017 at 09:37
posts 1945
Anton Kreil has a new video on yt if you need the link Ill post it, worth watching.

"They mistook leverage with genius".
kieran (snapdragon1970)
Oct 31 2017 at 12:26
posts 1945
Some tips everyone posted on this topic, been awhile since it was updated

Trade an hour after London open on Euro pairs.

"They mistook leverage with genius".
mlawson71
Nov 04 2017 at 13:36
posts 1487
snapdragon1970 posted:
Some tips everyone posted on this topic, been awhile since it was updated

Trade an hour after London open on Euro pairs.


That's a good tip and I agree - usually the first hour is either too volatile or not nearly volatile enough.

kieran (snapdragon1970)
Nov 04 2017 at 19:24
posts 1945
Yes its common for banks and institutions to test for reactions at the open, then things begin to settle as a better picture is formed of what others are doing.

"They mistook leverage with genius".
Mohammadi
Nov 05 2017 at 07:34
posts 886
There are many trading techniques in Forex trading that we actually choose according to our trading understanding. I think on order to me from all trading strategies scalping is mainly considered as a most usable and profitable trading policy that brings profit in a short time. But despite of a profitable trading policy scalping cannot use in a regulated trading broker practically.

mlawson71
Nov 05 2017 at 13:45
posts 1487
snapdragon1970 posted:
Yes its common for banks and institutions to test for reactions at the open, then things begin to settle as a better picture is formed of what others are doing.


I've noticed that too. A similar thing seems to occur at the end of the market session on Friday night.

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