If you want to get the right forex education and trade like a pro in just 2 weeks, then this article is for you. I was inspired by the story enclosed and it will inspire you too…
4) Overtrading the market: You’re in a groove and you’ve made some pretty decent money. Your natural urge is to keep keep on truckin’. محامي فوركس strategies are carefully executed. When you bounce into the market too often, that pre-supposes that there is always something going on, and you always know what it is. The fact is that you need to study and plan your moves. Focus on opportunities when they present themselves instead of just jumping in and out of the currency market.
Avoid emotional trading. Do not let emotional feelings get a hold of you and ruin your train of thought. It can spell disaster for you. Your emotions will inevitably play a role in your decision making, but letting them control your actions will make you take more risks and distract you from your goals.
To have a stronger and deeper understanding of the market, you are going to have to use, ironically, the oldest trading strategy of them all, which is price action. This strategy has sadly become a lost art form, in the indicator crazed trading community.
The next point to keep in mind is you don’t need to be clever. The simpler a system is, the more robust it will be and the more likely it is to be successful.
Stay abreast of international news events, especially the economic events that could affect the markets and currencies in which you trade. The news is a great indicator as to how currencies will trend. Quick actions are essential to success, so it is helpful to receive email updates and text message alerts about certain current events.
The problem most people have is the fact that they have got this idea in their head that indicators are actually telling them something about the market. I say that’s rubbish. In fact, most people that trade indicators don’t really have the slightest idea of what is happening in the market. All they are doing is trading a bunch of random lines and colors. You could train a child to do that.
That’s not only you must pay spread for your broker. But you should know that most of trend is sideways and most of sideways is happened at smaller time frame.The other reason, when you trade at daily chart you’ve got much time to analyze the market. You will be more discipline. You can think clearly and get the best action to trade not just buy this or sell that. Remember, the enemy at forex market is not anyone but yourself. If you can control yourself then you will be a successful trader.