Tips To Make Profits Daily

Aug 20, 2022 at 11:27
701 Views
11 Replies
forex_trader_2983986
Member Since Aug 04, 2022   34 posts
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.
Member Since Feb 15, 2022   131 posts
Aug 21, 2022 at 16:53
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.
forex_trader_2983986
Member Since Aug 04, 2022   34 posts
Aug 21, 2022 at 17:13
SteveFx11 posted:
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.

Good point.
Member Since Apr 09, 2019   516 posts
Aug 22, 2022 at 12:55
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.
Member Since Aug 19, 2021   203 posts
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.
Member Since Aug 05, 2021   394 posts
Aug 24, 2022 at 16:04
Easier said than done, but I think this is a good straightforward plan.
Member Since Aug 17, 2022   42 posts
Aug 30, 2022 at 11:09
To make profit on a daily basis, you must analyze the market daily and learn fundamental and technical analysis.
Member Since Aug 17, 2022   79 posts
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.
Member Since May 19, 2020   321 posts
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.
@Marcellus8610
Member Since Sep 21, 2022   10 posts
Sep 23, 2022 at 12:13
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.
Member Since Sep 06, 2022   26 posts
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.
Member Since Sep 15, 2022   11 posts
Sep 27, 2022 at 12:00
Before placing your trade, research abouit your broker and always set a stop-loss level.

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