Ten important tips for technical trading:-

[weeklyscalpertrader]

ap nay bhut he achi bat ki hai k forex mien aa ker hamain in tamam bato ka khayal rakhna hot ahi or ap ki informations belkul right hien or hamain chahye k hum in sab bato ka khayal rakhain ta k hum apny ap ko earning k qabil bana sakain jis say hum apni family ko support ker sakain.

[khilmi]

In Forex trading there are many tools available to follow trends and make entry points but not all signals are accurate there and this makes. Difficult things in life are discipline and commitment to do all activities including trading activities. Even making indicators themselves are results that have been traded for years and get consistent earnings results. the trend indicator makes us confused because each indicator gives a different signal.

[Experttrader]

For individual traders, the forex market offers lots of potential. You can make a lot of money potentially if you work hard, take good advice and learn a lot about the market. You should always ensure the advice you choose to adopt is garnered from experienced traders.

[ij999]

Ap ki baat theak hai k forex market mai techanical analysis key tips bohat zada importance hai. Hum en tips ko follow kr key trend ko maloom kr sakty hai. Techanical analysis ki madad sey hum market mai zada profit earn kr sakty hai. Ap key thread mai bohat achi information hai.

[Harry]

10 Basic Day Trading Tips
1. Knowledge is Power
In addition to knowledge of basic trading procedures, day traders need to keep up on the latest stock market news and events that affect stocks—the Fed's interest rate plans, the economic outlook, etc. So do your homework. Make a wish list of stocks you'd like to trade and keep yourself informed about the selected companies and general markets. Scan business news and visit reliable financial websites.

2. Set Aside Funds
Assess how much capital you're willing to risk on each trade. Many successful day traders risk less than 1% to 2% of their account per trade. If you have a $40,000 trading account and are willing to risk 0.5% of your capital on each trade, your maximum loss per trade is $200 (0.005 x $40,000). Set aside a surplus amount of funds you can trade with and you're prepared to lose. Remember, it may or may not happen.

3. Set Aside Time, Too
Day trading requires your time. That's why it's called day trading. You'll need to give up most of your day, in fact. Don’t consider it if you have limited time to spare. The process requires a trader to track the markets and spot opportunities, which can arise at any time during trading hours. Moving quickly is key.


4. Start Small
As a beginner, focus on a maximum of one to two stocks during a session. Tracking and finding opportunities is easier with just a few stocks.

Recently, it has become increasingly common to be able to trade fractional shares, so you can specify specific, smaller dollar amounts you wish to invest. That means if Apple shares are trading at $250 and you only want to buy $50 worth, many brokers will now let you purchase one-fifth of a share.

5. Avoid Penny Stocks
You're probably looking for deals and low prices, but stay away from penny stocks. These stocks are often illiquid, and chances of hitting a jackpot are often bleak. Many stocks trading under $5 a share become de-listed from major stock exchanges and are only tradable over-the-counter (OTC). Unless you see a real opportunity and have done your research, stay clear of these.

6. Time Those Trades
Many orders placed by investors and traders begin to execute as soon as the markets open in the morning, which contributes to price volatility. A seasoned player may be able to recognize patterns and pick appropriately to make profits. But for newbies, it may be better just to read the market without making any moves for the first 15 to 20 minutes. The middle hours are usually less volatile, and then movement begins to pick up again toward the closing bell. Though the rush hours offer opportunities, it’s safer for beginners to avoid them at first.

7. Cut Losses With Limit Orders
Decide what type of orders you'll use to enter and exit trades. Will you use market orders or limit orders? When you place a market order, it's executed at the best price available at the time—thus, no price guarantee.

A limit order, meanwhile, guarantees the price but not the execution. Limit orders help you trade with more precision, wherein you set your price (not unrealistic but executable) for buying as well as selling. More sophisticated and experienced day traders may employ the use of options strategies to hedge their positions as well.

8. Be Realistic About Profits
A strategy doesn't need to win all the time to be profitable. Many traders only win 50% to 60% of their trades. However, they make more on their winners than they lose on their losers. Make sure the risk on each trade is limited to a specific percentage of the account, and that entry and exit methods are clearly defined and written down.

9. Stay Cool
There are times when the stock markets test your nerves. As a day trader, you need to learn to keep greed, hope, and fear at bay. Decisions should be governed by logic and not emotion.

10. Stick to the Plan
Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."

[Zeeshan420]

Very nicely written with points and given 10 very important tips on this writing. I must thank you that you have given these most important tips that every trader needs to follow. For the beginners this is a must read and must follow writing that I would recommend every newbie to have a close look and obey these.

[Shahid78]

its a very useful trade for preparation our technical analysis and it should be done for any technical traders to avoid a rush decision and get a false signal from the signal and affected to our psychology of trading and still we should check the news too in my opinion to get a clear view about the price movement,,,,,,,,

[charji]

Forex traders who seek short-term profits, tend to try and exploit technical analysis more often because it is far more accessible. All traders need to understand that technical analysis does not lead us to fully correct decisions. Indicators show directions after prices have been formed, so indicators work based on data and I cannot communicate to you a special notch from ten main tips for special trading. This beginner is a reading of staleness and cunning, great tips that need to be grown by every trader. I will encourage every beginner to lie and obey all of this.

[zonyakhan]

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[pti148]

Technical trading karna aik acha kaam hai but iske hamain hardworking karni parhti hai tab ja kr hum technical trading kar sakte hain aur analysis ko read karna chahiye kyun ke is se hum boht kuch seekhte hain