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The higher the time frame is the much accurate it is and H1 is a good time frame to consider while trading and even you can try H4 for some time and you will even find it better but first practice the same in demo account before trading in real account .
---------- Post added at 01:27 PM ---------- Previous post was at 01:24 PM ----------
In forex higher the time frame is the more chances are there of its accuracy so I think H4 is one of the best time frame charts and one can also do position trading based on the same .
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I agree with you completely as it is always better to follow the present trend and trade along with it to get the best possible results and consider the tool to check how long the trend will last or continue and then trade accordingly .
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as my experience.. i am only open chart for trading in the other time .. out of my working time.. [i am employee now].. and i always it in the night.. :) but in my plan.. for my trading.. i will try to be traders full .. next year.. .. .. hehehehe.. the result is .. i usualy do trading out of working time.. now.. :)
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Traders who are unable to control their emotions try to recover their losses and in aggression they tend to over trade and do mistakes which is not good for them and leads to double losses as well. It is better to control your emotions by trading with proper money management .
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courage is not important in trading Forex and gambling does not mean courage at all, if you have good knowledge and experience you will not fear of risking with your money in the market, this is not courage, you are already doing your work
---------- Post added 09-24-2012 at 01:31 PM ---------- Previous post was 09-23-2012 at 06:23 PM ----------
Knowledge aur practice ki zarurat achi trading ke liye honi bahut zaruri hai lekin jab trader forex join karta hai to use pata hona chaiye ki use profits ke liye risks lene padenge aur uske liye himmat honi bahut zaruri hai .
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I do agree that markets move very slowly in Asian markets but many a times Asian markets are good platform to take entry into the markets and one can close their trades with good profits in London or New York markets .
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If a trader enters this trade and start trading without even learning the basics of this trade and without having any knowledge of these markets the traders will only suffer losses so it is better to learn first and then trade .
---------- Post added at 01:32 PM ---------- Previous post was at 01:15 PM ----------
Well opening trades with higher volumes is one major reason of losses and this is trading without proper money management and not minimizing your risks and losses and that is the reason why traders loose in these markets .
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Well it depends on a individual trader and some trade forex part time whereas some trade full time who make their living with forex and are professional traders. As far as trading opportunities goes there are opportunities all the times in the market .
---------- Post added at 01:33 PM ---------- Previous post was at 01:05 PM ----------
Once a trader manages to generate consistent and regular profits he can continue to become a full time and a professional trader but other than that he should trade part time until he becomes a expert in the same .
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Stop loss is infact the most important part of our trade and we must make sure that we place stop loss to all our trades and place it before we perform our trade as it always help us to minimize our risks and losses and help us achieve more profits
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Also to avoid your winning trades turning to loosing ones it is important for a trader to exit their winning trades at the right levels as good exit is very important to make profits and one can always trade with money management and place take profits for the same .
