indeed we find many traders who fail to make a profit on a continuous basis and even fall into a big loss is the result of a lack of capital management with good management, so often a greater expectation than reality ..
Printable View
indeed we find many traders who fail to make a profit on a continuous basis and even fall into a big loss is the result of a lack of capital management with good management, so often a greater expectation than reality ..
I am fully agree with you. You said that not to use more 2% of the equity. But i did not agree with you. You can use more than that also. It can be 20% or 30%. Then i do not prefer to use stop loss. Because if i use this, i will surely suffer losses. If you have $1000 capital, then you should use lot 1 and it will bring great result for you. That is follow the news.I think, the news has the most powerful effect on forex trading and I think marketwatch.com is the best site for collecting news.
Your post is good but i have some argument with some of your points.I do not prefer to use stop loss.There is no guarantee that market will always remain in down trend.because of stop loss feature you will sometimes loss.Again if you have firm confirmation about the market trend then in that case you should take more risk rather than 2%.You have to invest some of your bucks otherwise you can not make money.Self strategy is the best strategy.
:(
if you want to earn in forex traidng there are many stratigies in this by which you can follow these stratigies you can earn a lot of mone so here you can control your emotions and not to become a greed boy becaus if you greed then are not successor
Prevent emotional trading or you could possibly lose your mind, feelings get the better of you, you close trades simply because you believe you are in the wrong side, creating sure that you have the best trading anologies, make sure that you read the history of a specific trading chart or you just single out one forex pair that way you minimise your work.
the point 7 is an very important.. so I say If you have no any strategies, then to create a new a strategy, you will need to access charts that reflect the time frame where they are traded, and an objective mind you write down your thoughts.And These ideas can then be formalized in the strategy (backtested ) on the other charts.
I use my own strategy based on Forex strategy. I often use stop loss and take profit. It gives me profit daily.
I love my strategy.
avoid emotional trading or you would possibly lose the mind, emotions get the very best of your, you shut trades only since you suppose you reside in the incorrect aspect, guaranteeing that you have got the very best trading anologies, build certain that you may go through history of a particular trading chart or you recently unmarried out one forex try that method you minimise your work.
2. Catch the perfect trend.Quote:
Originally Posted by Nabi Ahmed Gill
this is what I most liked
Trend Trading by utilizing,
Once the trend is clear then my custom,
I would go to the market and take profit 10 pips only,
After that I close the cart and Trading again on the next day
avoid emotional trading or you would possibly lose the brain, emotions get one of the best individuals, you shut trades only as a result of you're thinking that you live in the incorrect aspect, ensuring which you have one of the best trading anologies, build positive which you study the history of a precise trading chart or you recently unmarried out one forex try that method you minimise your work.