Aug 20 2022 at 11:27
Plan you trades for the day.
Chose your pairs and check if there is Major News that will affect them.
Make a firm decision of how much you are going to risk for profits; 1:5 is What i normally use to compound profits.
Set your stops if you do not have Auto stop softwares.
Kill Any Emotion.
Lastly, be very Patient as there is always a moment to make profits daily.
Chose your pairs and check if there is Major News that will affect them.
Make a firm decision of how much you are going to risk for profits; 1:5 is What i normally use to compound profits.
Set your stops if you do not have Auto stop softwares.
Kill Any Emotion.
Lastly, be very Patient as there is always a moment to make profits daily.
I always suggest traders to acquire knowledge on both technical and fundamental analysis. If you understand the candstick patterns and other technical issues as well, you can easily identify the trend.
Aug 21 2022 at 17:13
SteveFx11 posted:Good point.
I always suggest traders to acquire knowledge on both technical and fundamental analysis. If you understand the candstick patterns and other technical issues as well, you can easily identify the trend.
Aim for a technical approach to the markets and it will help in terms of being able to test a strategy and also control your emotions. You have to kill them, just control them.
If you can't spot the liquidity then you are the liquidity.
Aug 22 2022 at 13:41
Oh the first tip to make profit everyday is trade everyday. But again, all orders cannot be profitable. At least once, but there will be a negative trade. Ther the main thing is to calculate the trade in such a way that even if you had a negative trade, you could cover it with a profit one.
Aug 24 2022 at 16:04
Easier said than done, but I think this is a good straightforward plan.
Aug 25 2022 at 04:51
One should trade daily and try to learn how market works
Aug 25 2022 at 04:52
WhiteWitcher posted:Absolutely right, in order to make money one should trade everyday and learn new things daily.
Oh the first tip to make profit everyday is trade everyday. But again, all orders cannot be profitable. At least once, but there will be a negative trade. Ther the main thing is to calculate the trade in such a way that even if you had a negative trade, you could cover it with a profit one.
To make profit on a daily basis, you must analyze the market daily and learn fundamental and technical analysis.
Sep 13 2022 at 10:37
In order to make profit in trading, you have to trade daily and learn your strategies so that your trading is at its best:
1 Monitor pivot levels closely.
2.Trade with an edge in trading always.
3. Preserve your trading capital mindfully.
4. Simplify your market analysis.
5. Place stop loss at reasonable levels.
1 Monitor pivot levels closely.
2.Trade with an edge in trading always.
3. Preserve your trading capital mindfully.
4. Simplify your market analysis.
5. Place stop loss at reasonable levels.
Sep 21 2022 at 12:33
Everything that is mentioned here can be summed up in one term: a trading plan. Build your trading plan depending on the strategy, market analysis, possible perceived risks, events and news, and the expected result.
If you cannot build it, then you should learn before you start trading. If you do not want to learn, then you are not a trader but an investor, perhaps your path to success lies in investing.
If you cannot build it, then you should learn before you start trading. If you do not want to learn, then you are not a trader but an investor, perhaps your path to success lies in investing.
@Marcellus8610
All you need is a trading plan. Study the market daily, keep yourself updated with the latest news, and practice daily. To be a good trader consistency is a must.
Sep 27 2022 at 10:39
Success is within your reach with your expertise and consistent practice. You must conduct fundamental and technical analysis. It will assist you in determining market direction and profit.
Before placing your trade, research abouit your broker and always set a stop-loss level.
I’d suggest maintaining a trading journal on a daily basis. This will help you have a clear analysis of how your trading strategy is performing. By maintaining your trading journal, and being consistent with trading for at least a month, you will be able to know which day/time has higher liquidity and gives better profits.
Sep 28 2022 at 10:32
Having a plan is the most important thing when you are a trader in the forex market. The market is very volatile and you will see a lot of movements on a daily basis. And one who enters the market without a proper plan is bound to get confused and lost. So, planning your trades and sticking to your strategy is essential for trading like a professional.
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