There are many tools like oscillators, averages, and others. Common mistake among new traders is to mix everything up. They feel more comfortable when there are more tools on chart. This way it is hard to learn with one specific tool. Because you have so many tools on chart you will act on different signals. Yes, some indicators work great together but you should know what are you looking for. This may be very confusing. Result is always the same – no progress.
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.
Sep 16 2019 at 10:47
I had best progress when I took all the indicators off my charts and just traded price action. I think that is the best way
Your
- eyes
- brain
- hands
- internet connected device
- eyes
- brain
- hands
- internet connected device
For keeping survive in this volatile trading place confident is needed but overconfident is will harmful , sometimes because overconfident then leading trader greedy in trades, and dare to take risk in trading which actually the market very dynamic and not always after trade open trades then will directly get profit.
Sep 17 2019 at 12:34
All you need is
- patience
- cool head
- determination
- patience
- cool head
- determination
lazilybento posted:
All you need is
- patience
- cool head
- determination
And of course a good trading strategy; when you are trading with a smooth trading system then the procedure will be meaningful!!
AmDiab posted:lazilybento posted:
All you need is
- patience
- cool head
- determination
And of course a good trading strategy; when you are trading with a smooth trading system then the procedure will be meaningful!!
Good trading strategy is necessarry for trading, but it is not a tool.
It is telling you how and when to trade while tool is to execute the trade
Forex traders tend to make everything over complicated with the excess use of these trading tools. I don’t say they are not useful, but sometimes a simple strategy with lesser stress works better, as in my case.
jakes90 posted:
Forex traders tend to make everything over complicated with the excess use of these trading tools. I don’t say they are not useful, but sometimes a simple strategy with lesser stress works better, as in my case.
thumbs up
