The Best Way To Trade.

[bambang]

Hi..

The BEST way to trade is YOUR way NO-ONE can tell you how to trade. Some people have DEFINITIVE guidelines, some just go with the flow (trend), in my opinion NOT the best way..

My belief is you have to have a mixture of the 2.
A few examples... I set my trade away, ALWAYS set a stop loss, and Take profit.
Money mangement (again 'YOUR' choice 1/2/3/10% of your balance).
Trailing stop (Your choice). As much as possible monitor your trade, ( there are MANY times I've exited a trade early, but still have a profit ), That is the main objective a profit.

I've also seen a reversal and wipe out a very reasonable profit (without checking). Just remember at the end of the day it is 'YOUR' choice wether it be. EA ,indicator, timeframe ,or some pathetic system you may have purchased off the internet, it's your loss, and your decision to enter the trade.

The best way trade in forex in my opinion is, using our own strategies. by using a homemade strategy we will know the strengths and weaknesses of our strategy. we can continue to develop our strategy to become the best. most professional traders can be successful because they use the strategy of their own.

[chetan]

there is involved risk in every business ..no one can trade without risk..but for effective trading risk management is needed..and the best way to trade is with proper strategy and money management on right risk ratio

[tiar]

the best trade is trade.. that's it,, loss and profit is a common thinks in forex,, even you get lose, you can learn from it and can improve your trading style.
so, i think, the best way to trade is trade, no other ways,,

[herono1]

in forex trading its more necessary to follows the successful trader for copy, but also need to be get the demo trading practice on regular basis. so must make your trade size small and always trade with market trend.

[ken arok]

The best thing to do when you loss is to stay out of the market.Some traders are of the attitude of revenging their trades so as to recover their loss.Trade loss should be treated as part of trading forex and it should re position you for subsequent trades.Their is no point crying over such loss,trading forex requires a bold minded approach and a control of your psychology is very instrumental for successful trading.Every traders should be committed to taking a drastic action in reducing your loss to the minimal level that can guarantee profit level.

[andhwrey]

yes friend i am agree with you and for do this with good we need to some experience and for this as a newbie if there is some loss then we need to patience too. anyway as a newbie its good to follow support and resistance level although its need to wait untill price go such level.

yes,i see that newbie just be a realistic person,i see that profits are easy but they are difficult to keep it that profit their made
and mistakes are really risky to appear because new traders still learn and lack of knowledge

[ratnakr]

I think the right time for trading is now really the time when the forex market us in the open. usually when it starts again the price of his firm.
lest we miss the right moment when the price starts to move.

for me, there is a certain time to make trades. I really like trading on Tuesday, Wednesday and Thursday. Especially at the closing session of london, until the closing session of new york. At that price moves are very dynamic.

[vicky]

Just follow simple rules and regulations which is advised by experts in Forums. And also try to create on successful strategy to make right and exit point. You strategy may belongs to support and resistance lines. Keep confidence on your deals and also don't give up if you get loses.

yes friend i am agree with you and for do this with good we need to some experience and for this as a newbie if there is some loss then we need to patience too. anyway as a newbie its good to follow support and resistance level although its need to wait untill price go such level.

[hardworks]

Just follow simple rules and regulations which is advised by experts in Forums. And also try to create on successful strategy to make right and exit point. You strategy may belongs to support and resistance lines. Keep confidence on your deals and also don't give up if you get loses.

[dmambi]

Well the best way to trade is very easy to tell but hard to follow.
One should learn analyzing the market exactly and find out the right entry and exit points.
Then he should wait with enough patience to enter the market without getting tempted by the market movement.