You will need to constantly evolving your strategy to refine your tuning your strategy to make it able to trade. Without sharpening your strategy, you will be falling behind and being helpless to constant losing in your trade
It seems to me that in the process of trading a trader receives a continuous learning process. And his trading result, good or bad, are the lessons learned from the trading process. And this knowledge helps us to become more and more the best specialists in our field.
MichaelEX posted: Strongly agreed! Never stop learning here, even most successful traders are still learning.It is must to improve our trading skill, the more we learn the more we can earn.
Let’s not forget strategies. Without a defined strategic plan, I don’t think any trader, be it a beginner or experienced, can invest rationally. I’ve been into swing trading since years, but is there any other strategy that works better? I’m not saying it’s not benefiting me, in fact I’ve done pretty well so far, but I do wish to step out of the comfort zone.
Try day-trading. It’s quite similar to swing trading but at a faster pace. So you’ll know what needs to be done and it’s different too. The time frames you’ll trade here would range from 5-15 minutes.
Capturing intraday volatility isn’t as easy is what I keep believing, since the target here is to trade the most volatile session. I find swing trading with my brokers- fxview and avatrade quite easy actually. I can easily buy support, sell resistance, trade pullbacks, breakouts, and also trade the bounce of the moving average.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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