I dont spend much time on the chart watching the pips movement. I prefer to watch the market trend and make analysis with much time then I go off and do other things
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I dont spend much time on the chart watching the pips movement. I prefer to watch the market trend and make analysis with much time then I go off and do other things
If we yield continued time to sit in foreground of the blueprint . There should be abashing in that. so, try to accept the actuality in Forex. And chase those things. I usually analyze, abode position and abutting the chart.
I suggest that we are in front of the chart just in time for analysis and wait for trade signals, after we get a signal then we open a position by using the take profit and stop loss. after that close the chart and see the results a few hours later. so then we would not be too tired in the trade.
It will lead to lot of confusion trade market front of the chart you went to be scalar or long time trader for long time trade Forex market business hole world.i just 7 hours at the computer.
Yes you are right.For good trader 2-3 hours is enough.But if you are a new trader then you should follow the market minimum 5-6 hours.I think this help you very much.You could to know the market movement.I follow the market 6 hours daily.Chart help me very much.So i think every trader should follow the chart daily minimum 3 hours.
I think traders should trade in productive hours and should learn about the productive hours of various currency pairs. I prefer to trade 4 hours daily because it's more safer than they other chart[COLOR="Silver"]
that is very good and it shows that you have a clear rules and stick to the rules. this is also a form of strong discipline.
some people set rules but they don't really follow the rules that they make which is in the end a useless effort.
but as for me i only trade when there is a signal because i use alert.
there was a time when i used to sit a lot in front of chart and waited for some sure shot chances of making profit by using high volume. but mised a chance of doing so and faced losses in two trades, lost my whole account, so now i put less amount at risk.