Simple Tricks.

[maaado]

Simple Tricks
It is just a simple trick for you who can't control your emotion in forex trading

How to control your emotion in trading?
It is very difficult to control your emotion if you always look at chart minutes by minutes
just simple suggestion, try to find your best trading system
open position buy / sell according to signal
set your TP
for example, you open BUY, set your TP and also set pending order Sell Stop 20 pips (the same volume as buy)below your BUY position
close your chart and enjoy your day
There will be 2 conditions happens
1. Your open position will catch your TP
2. Your pending order will be triggered and now you have 1 buy and 1 sell with the same volume / lot (hedging)
it is good to protect your money from loss
close profit the sell position after appears new BUY signal from your system and open new BUY position with the larger volume
after it raise up 10-15 pips, close all position.
you gain profit from this simple strategy.
but don't forget your money management.

Hope this thread is helpful

I enjoyed reading the topic Simple Tricks
Thank you for the information.
Best Regards

[ashvi]

The much simpler trick would be to use the lot size which has more than 500 pips back up so that even if you do not use the stop loss you know that the losses made can not be huge and thus if the trade reaches the target profit good if not simply cut down the loss.

[cuncun]

A very good strategy. Can you show screen shoot you on this strategy so that we are more confident and trusting whether this strategy can really make a profit. And maybe I manage to balance this strategy

[andreasfx]

simple trick? looks interesting. But even better when you share your strategy, your showing the results of that strategy. Is really profitable or not. Let your friends to another friend could believe in your strategy.

[wooglejobs]

ap ne kaha to thek hai or point bi achay point out kiye hain lekin har insan ke emotions ko control karna asan nahi hai or wo bi forex trading me main to bohat koshish karta hon lekin control nai kar pata lekin jab profit ratio bohat amazing hoti hai to maza ata hai.

[ssabbasi2003]

yes but if my answer is not matching to topic then what about my post is will it be consedered or not reply plz ?

[yoddutfx]

for more simplenya if you have a very good plan for trading, which we understand when we exit and when we open, as we also need to understand how the trend is there and understand that this trend continues .....

[ahmeddd22]

where i can overcome confusion in Treding easy and adan los continue what could help me make it easier
thank you

[Localadclick Pk]

well this is a nice trick but only it works when market is moving up and down but when it is moving one side then you can not do and you dont know when the market go against your position

[wasifshakil]

Very nice post for all. Thanks for share this wonderful things to us. Its really very helpful for me and thinking for all also. Your idea is right.