Things we need to watch when making a trade decision

[trinugroho]

the most important thing to look out for from the three is risk management. All trades should be take in such a manner that the account balance will not be at great risk in the event the market does not go as we predicted and therefore it is better to live ad fight another day than to lose all your funds from one single trade.

[Daintree9]

Hello friends I will tell you that Start with a self-examination that takes a close look at your relationship with money. Do you view life as a struggle, with hard effort required to earn each dollar? Do you believe personal magnetism will attract market wealth to you in the same way it does in other life pursuits? More ominously, have you lost money on a regular basis through other activities and hope the financial markets will treat you more kindly?

[Alihassanmughal1]

yes bro you are right take good decision than you till success. Even worse than taxes for day traders are commissions, which can be a sneaky cost of trading. After all, if you're trading tens of thousands of dollars' worth of stock at a time, a $10 trading commission may not seem like much. ... In other words, you would need to earn trading profits so keep on your idea decision.

[ntn]

Sehat hi sab kuch h agar hamari sehat theek h tu ham as mien kamaee ker sakte hien agar hamari sehat theek nahi h tu ham as mien kamaee nahi ker sakte hien as lyee ham ko as mie etna zyada kaam b nahi karna hota h k as mien hamari sehat b kharab ho jaye aur ham as mien mazeed munafa b na hasil kar saken as lyee ham ko as mien kaam karna hota h as lyee ham ko as mien kaam karna hota h aur ham ko as mien acha ban kar as mien kaam karna hota h agar ham as mien acha ban kar kaam kerte hien tu ham as mien kamaee ker sakte hien as lye ham ko as mien care karna hota hai.

[mehro]

1. Understand the Drivers
The art of successful trading is partly due to an understanding of the current relationships between markets and the reasons that these relationships exist. It is important to get a sense of causation, remembering that these relationships can and do change over time.

For example, a stock market recovery could be explained by investors who are anticipating an economic recovery. These investors believe that companies will have improved earnings and, therefore, greater valuations in the future—and so it is a good time to buy. However, speculation, based on a flood of liquidity, could be fueling momentum and good old greed is pushing prices higher until larger players are on board so that the selling can begin.

Therefore the first questions to ask are: Why are these things happening? What are the drivers behind the market actions?

2. Chart the Indexes
It is helpful for a trader to chart the important indexes for each market on a longer time frame. This exercise can help a trader to determine relationships between markets and whether a movement in one market is inverse or in concert with the other.

For example, in 2009, gold was being driven to record highs. Was this move in response to the perception that paper money was decreasing in value so rapidly that there was a need to return to the hard metal or was this the result of cheap dollars fueling a commodities boom? The answer is that it could have been both, or as we discussed above, market movements driven by speculation.

3. Look for a Consensus in Other Markets
We can gain a perspective of whether or not the markets are reaching a turning point consensus by charting other instruments on the same weekly or monthly basis. From there, we can take advantage of the consensus to enter a trade in an instrument that will be affected by the turn. For example, if the USD/JPY currency pair indicates an oversold position and that the Bank of Japan (BOJ) could intervene to weaken the yen, Japanese exports could be affected. However, a Japanese recovery is likely to be impaired without any weakening of the yen.

4. Time the Trades
There is a much higher chance of a successful trade if one can find turning points on the longer timeframes, then switch down to a shorter time period to fine-tune an entry. The first trade can be at the exact Fibonacci level or double bottom as indicated on the longer term chart, and if this fails then a second opportunity will often occur on a pullback or test of the support level.

Patience, discipline, and preparation will set you apart from traders who simply trade on the fly without any preparation or analysis of multiple forex indicators.

Acquiring Forex Trading Systems and Strategies
A day trader's currency trading system may be manually applied, or the trader may make use of automated forex trading strategies that incorporate technical and fundamental analysis. These are available for free, for a fee or can be developed by more tech-savvy traders.

Both automated technical analysis and manual trading strategies are available for purchase through the internet. However, it is important to note that there is no such thing as the "holy grail" of trading systems in terms of success. If the system was a fail-proof money maker, then the seller would not want to share it. This is evidenced in how big financial firms keep their "black box" trading programs under lock and key.

The Bottom Line
There is no "best" method of analysis for forex trading between technical and fundamental analysis. The most viable option for traders is dependent on their time frame and access to information. For a short-term trader with only delayed information to economic data, but real-time access to quotes, technical analysis may be the preferred method. Alternatively, traders that have access to up-to-the-minute news reports and economic data may prefer fundamental analysis. In either case, it does not hurt to conduct a weekend analysis when the markets are not in a constant state of fluctuation

[ntn]

Hamain agar earning karna hota hai as lyee Planning aik aisee cheez h jo her bar hamain kaam de sakti h as lyee ham ko as mien plan karna hota h aur ham ko as mien her bar acha kaam karna hota h agar ham as mien aik umda plan ker k kaam karte hien tu ham as mien kamaee ker sakte hien aur agar as mien kio kami beshi a jati h tu ham as mien apna nuqsan ker sakte hien as lyee ham ko as mien apna nuqsan nahi karna hota h aur ham ko as mien her bar kaam karna hota h aur ham ko apne aap ko as mien sabit karna hota h aur as mien khud k lyee umda life hasil karna hota h q k jab ham as mien kamyab hote hien tu hi ham asal mien khush hote hien.

[sakigbest]

bilkul thk kha hai apna huamin sab se phaly market view kernic haya pher huamian ismain koi na koi risk lena chay kun k jb humain ismain id main se loss hota hai toh haumain bohat dukh hota hai is eya huaminis se kluch na kuch seekhan chya

[Bakloni]

फॉरेक्स ट्रेडिंग बहुत ही रिस्की बिज़नेस है। फॉरेक्स एक अस्थिर मार्केट है इसमें मार्केट की स्थिति हर पल बदलती रहती है। इसलिए फॉरेक्स ट्रेडर को फ़ायदा भी होता है और नुकसान भी। ट्रेडर को हमेशा मार्केट ट्रेंड के अनुसार ट्रेडिंग करना होता है।

[Deepthinker]

that is just because they didn't do their own homework in here even before entering the market. In order to earn the best income in here, we need to always stay prepared and then make sure that we have a lot of risk management in here in order to prepare for the worst possible risks. As for the time we need to invest in order to learn surely will be long enough i believe....

[sachit]

yes mien ap say agree kerta hion k ager hum forex mien risk ka khayal rakhty hien or es k elwa hum un tamam cheezo ko nazar mien rakh ker kam kerty hien to earning kerna asan ho jay ga or hamain kabi bee earning hasil kerny mien masla na ho ga.

forex ke business me trader ko trade open karte time hamesha he market ke baarein me pata hona chahiye,esme trader ko ache se analysis me time dena hoga,esme trader jetna market me khud se learn karke chalenga wo esme utna he acha kar sakta hai,esme trader ko technical aur fundamental dono he analysis ke baarein me ache se pata hona chahiye.