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Analysis is best when we do it without emotions. Trade in demo account with very ease and computability as we have no pressure because the money is virtual, but when the traders joining real account their money is real and they have pressure on them so they often make mistakes while trading on real account.
Actually our analysis and our emotion these two are differ from each other, our emotion will take place only if we are weak in our trading analysis. Only rarely we can see that trader's are becoming emotional at the time of making any analysis in trading. When trader's is nearly any stop loss or any loss they he feel emotion in trading. Trading psychology should be perfect to avoid bad emotion in trading.
I think we ought to make analysis and comprehend the market moveement, mostly we need to know that what we need to get done is that we need to follow the trend. addition, if we have in mind of making more profits therefore looking for another positions to open, I think that is wrong. We thus should know that making money from forex is not based on opening so many positions.
Risk management is what makes the traders can see the market with the risk which is understood by them.I think the traders at that time need to see the market and plan their trades.If they have good planning and strategy with the market like that can make the good trading condition.I think it will make so many differences in the market when traders do the trading aggressively.Even swing trading is just limited to two position and can not increase.
agree with these mentioned points of the charts . also we have to make a good plans and arrangements before we can go to trade in the charts . also the trading ideas many be so good and may be so clear if we have to find more points of teh trading ideas .which can help us to take the right positions with more trust
the risks management on referring the wise on numbers with the limit of expends on working with those by the submission of order, as monitoring the different profiles with the market on entering by the corrects on sessions as having of compacts on returns with the drawing on deliverance to starts on working of the analytics.
Making a trading decisions is based on knowledge and skills. Trading on forex is not that simple when we are news to it.
SO therefore before we can make that trading decisions, we should have spent more time on the demo account learning and getting to know more about forex trading, the demo account is a great place to learn though.
yes bro i agree with your statment because all time when we select a curency and take a position after that we know that's position is incorrect and we can't close him we stay watch lose and dont capaple to do any thing so i advise you to be patient when making a trade decision
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there are truly some rudiments of trading the forex trader should follow. Forex traders will need to understand the market first, and this is through the right learning. This is the way they would know the right things to do at a particular time in the market. I believe that forex traders would have put factors like good risk to reward ratio and money management in place before taking any decision whatsoever.
the sole reasoning might be different. It is because when you trade for the longer term, then it must be smaller lot. ANd if you trade smaller lot, you will survive longer and the best part is when you are wrong then you won't loss too much money as well as the result. That is surely very important in making further profit.