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LesleyLesley
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What works?
in
General
Jul 27, 2021 at 12:53
In order for the trading system to work in different conditions, it is necessary to create a certain set of algorithms. It is a complex process that requires a local approach and I have seen few traders who are able to tune the system so well. For example, with high volatility and directional movement, you can use levels theory, oscillators, trend indicators, but with horizontal movement, patterns and breakout rules. In addition, risk management will be different.
What is the trading psychology for you?
in
General
Jul 27, 2021 at 11:56
I think this will only work if the approach is initially correct. It is advisable to be under the supervision of a tutor who can correct bad habits and shortcomings in the psychological approach at the inception stage. It is very difficult to change psychology over time. But I agree with the opinion about the light start and easy entry into forex trading.
What is the trading psychology for you?
in
General
Jul 27, 2021 at 11:53
Yes exactlyDo you consider yourself disciplined? and do you have any rules to share?
What is the trading psychology for you?
in
General
Jul 26, 2021 at 12:38
I know that I have to stay calm all the time I trade in order to make the right decisions.Also, I believe it is very important to have good health in order to withstand stress.A simple rule for me is "don't become a gambling Hulk" and stop on time.Taking losses as part of my job.
Is forex trading really worth it?
in
General
Jul 26, 2021 at 12:29
Trading costs millions and at the same time not even a cent, because it only depends on you how your result will be promoted. Try to pause and trade on a trial account with a small deposit to gain confidence in possible success. It's worth it for the one who tries
What works?
in
General
Jul 26, 2021 at 12:25
Nice list and I would like to add some little point, if you wish to get your strategy well used constantly, you should change it when the market changes or use an additional strategy, system and plan.
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