Tips trading forex
Tips trading forex :
– Don’t forget to place your Stop-loss at the daily and 4H chart at the HH-LL-HL-LH marks.
– Not over two trades at once.
– Keep track of your daily trade notebook and be honest with yourself.
– Think in terms of percentages and PIPs.
– Always save your work and stay organised.
Tips forex trading.
The quote “Your as good as your last trade” is partly true, but a professional trader who strives value and development has to look back and analyze previous trades.
If you’ve traded with a demo-account in the past, you should be aware that a big loss is recovered by one simple click on a button. That’s not how it works in the real world. It’s not our nature looking our faults straight in the eye, but this is something you need to lean. That’s the only way to work on your flaws.
Assessing your performance will tell you a lot about you and what trading style suits you best. Ask yourself the following questions:
With which pairs do I perform best?
Which pairs do I perform are my losing ones?
During what time period of the da yam I most profitable?
On which days have I lost the most?
On what days am I most profitable?
Am I more successful when long-term trading or do I perform better scalping?
Fact is that 70% of all traders can’t draw their technical analysis correctly.
Setting up your trend lines or key levels inaccurately will make you a failure even before entering the trade.
Don’t fear, Thanks to our modern technology we are capable to cut of the rough edges. By taking screenshots before and after the trade we can research if we acted correctly.
Tips forex trading
“The easiest thing to do is prepare. If you don’t, on behalf of the other market participants, we thank you.”
Best broker: IC MARKETS.