Over the period of ten years, I was lucky
to get to know many traders (My students and fellow traders), from different
background. It’s amazing, how common their approach towards trading is. I am
not an outsider; I had the same approach when I started trading, I had no idea
what the trading was about. It is somehow in people’s mind that trading is very
easy and anyone can make fortune in this business. Yes, you know the truth now;
it is so difficult to make consistent profit in this market, no matter what
some people say. If you know it is difficult then your will approach would have
been completely different, you will be spend time to learn the business and you
will afraid to place your foot in to the market. It is important to be afraid
and keep on learning before you put your hard earn money in trading.
To avoid bad trade, you must have specific
trading rules that fit your mind set. You must have a strategy that will guide
you to entry and exit. You need to allocate the capital that you willing to
lose in case something goes wrong.
Try multi time frame approach:
1.
A set up in daily
2.
A set up in 4h
3.
A set up in 1h
4.
A set up in 30 min
Try to add a moving average to give you a
direction
1.
20 EMA
2.
50 EMA
3.
50 SMA
Try trend line bounce and breakout.
Try Horizontal line bounce and breakout
Try triangle and flag pattern in your
trading
Try to be a money manager before a trader
Try 4% risk in every trade never more than
that
Give me a call if you still can make money
in trading, I will help you out.
9 comments:
By investing in commodity market with the help of expert tips, traders can gain long term success in trading. Epic Research recommends commodity market tips and updates to the traders.
Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also I am happy to find a lot of useful info here in the post, we need work out more techniques in this regard, thanks for sharing
Binary options scam reviews
Asian currencies rose on Wednesday as strong manufacturing data from China coupled with a risk-happy market environment spurred interest in emerging currencies, with the Chinese yuan jumping to its highest in six-and-a-half months.Forex tips
Currency trade, forex exchange, fx alternate – these are all terms used to describe the exchanging of 1 currency for any other; as an example, the exchanging of u.S. Bucks to british kilos. Within the forex market, that is considered as shopping for pounds whilst simultaneously promoting greenbacks*. Due to the fact currencies are usually concerned, currencies are traded inside the form of foreign money pairs, with the pricing based totally on the trade rate offered by using dealers in forex buying and selling marketplace.
Forex Signals
Best Forex Signals
Traders are quite pleased with FXB Trading as they have been offered the flexibility to go solo with this CFD/ECN brokerage platform. As there is no dealing desk, traders can expect better execution of their orders. They can also gain access to liquid markets.
FXB Trading is able to provide speculation opportunities for traders that will help them gain an edge over all other online brokerage services as a result of employing Meta Trader 5 and several other mobile platforms. Navigation of all these platforms is quite simple and they offer an enhanced insight into the forex trends and market shifts
The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. For mor update vsit CapitalHeight
The Sensex has closed over 200 points lower.
The day began on a strong note as good global cues and stronger opening on the rupee boosted sentiment in D-Street.
Forex trading tips
Thanks for your valuable information. stock investor is a stock related website which provides day to day information of the stock market.
ACC Ltd
Divi’s Laboratories Ltd
Bharat Petroleum Ltd Future
Post a Comment