How long you in front of the chart?

I take a look on charts now and then in order to guess the support and resistance levels and find out best entry level for my trades. I dont do much analysis nor i am good in but what most i do is just try find out the next move.

brother,

a friend of mine is expert in this feild, he told me once to only trade once in a day and then leave it, i mean one should give entries with stopp loss and take profit targets but this should need some analysis to be done...

i think if have a proper analyses then may be your stop loss not hit..if you are able to give more time to forex then its must before leaving your system set stop loss.
because here many trader they do not set sl when they leave system and when come back they see account is blow.

i think it is good way of trading. if any one has a less time for forex.
but if you are scalping trader then its not sutaible. In swing trading there is no need to give more time..we analyses and when ever we find a good chance we can enter.
but there is one problem with this type of trading is that the stop loss and take profit is so high.

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Originally Posted by mayengbam

too much of everything is bad. Spending 10hrs straight in front of the pc is not only tiring but its not good for learning as well. everybody needs break every 1-2 hours else the learning is not effective and we all know the effect of stress on trading is not positve. so its better to take a break of 10-30 minutes frequently in my opinion

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yes bro i agree with you i have experienced the same thing in my trade.i used to 12-15 hours in front of the chart.it get me tiered and lot of mental stress in my mind.then i reduce the hours of trading.nowdays i trade only 4 hours

trading is a great thing if you'll do it as a business or a profession and forex only wants your time so much the time you invest much the experience you will get , but for some reasons i must prefer to stay in front of screen only for 5-6 hrs and i must say that i am satisfied with my time management.

I try not to stay in front of charts many times in my trading decision making. This is because it can lead me to become an over trader and make too many mistakes in my trading of forex trading.

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Originally Posted by indianforex

yes bro i agree with you i have experienced the same thing in my trade.i used to 12-15 hours in front of the chart.it get me tiered and lot of mental stress in my mind.then i reduce the hours of trading.nowdays i trade only 4 hours

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Yeah too much trading is not good either for health or even for profits. Also i dont like to look at charts even now and then but look at those when i want to open a trade and just want to find out support ressitance and entry level.

Quote:

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Originally Posted by indianforex

yes bro i agree with you i have experienced the same thing in my trade.i used to 12-15 hours in front of the chart.it get me tiered and lot of mental stress in my mind.then i reduce the hours of trading.nowdays i trade only 4 hours

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Yeah too much trading is not good either for health or even for profits. Also i dont like to look at charts even now and then but look at those when i want to open a trade and just want to find out support ressitance and entry level.

Quote:

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Originally Posted by indianforex

yes bro i agree with you i have experienced the same thing in my trade.i used to 12-15 hours in front of the chart.it get me tiered and lot of mental stress in my mind.then i reduce the hours of trading.nowdays i trade only 4 hours

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Yeah too much trading is not good either for health or even for profits. Also i dont like to look at charts even now and then but look at those when i want to open a trade and just want to find out support ressitance and entry level.