Hello guys,
Right now, I am writing a few lines about the importance of simplicity in Forex trading and it will be dedicated to all of new Forex traders (Off course me too). You know what, many traders love to keep things simple and straight in FX, because they already know the power of simplicity.
What the heck this word, 'SIMPLICITY', means here?
Well, to all, if you are doing trading with a lot of trading indicators and with lots of graph patterns then you are surely on the wrong side. Don't make things messy, always keep clear your graph from such messy stuff.
Second, if you know you can be hit by stop loss, never ever try to put more money in your trade. Let it be happened so that you may save yourself from big losses.
Always choose a trade that goes with a trend, especially if you are a new trader.
Never enter a trade in a same day if you make a profit for the day. You have to keep yourself away from any kind of over-trading (/or a deleterious habit of over-trading).
Always see previous candle patterns so that you may see the past prices of the current market.
There can be many other things for becoming a successful trader, my article still is incomplete. I will try to add more stuff up.
Till then have a nice time with your trading!
From the original desk of miles ...
Right now, I am writing a few lines about the importance of simplicity in Forex trading and it will be dedicated to all of new Forex traders (Off course me too). You know what, many traders love to keep things simple and straight in FX, because they already know the power of simplicity.
What the heck this word, 'SIMPLICITY', means here?
Well, to all, if you are doing trading with a lot of trading indicators and with lots of graph patterns then you are surely on the wrong side. Don't make things messy, always keep clear your graph from such messy stuff.
Second, if you know you can be hit by stop loss, never ever try to put more money in your trade. Let it be happened so that you may save yourself from big losses.
Always choose a trade that goes with a trend, especially if you are a new trader.
Never enter a trade in a same day if you make a profit for the day. You have to keep yourself away from any kind of over-trading (/or a deleterious habit of over-trading).
Always see previous candle patterns so that you may see the past prices of the current market.
There can be many other things for becoming a successful trader, my article still is incomplete. I will try to add more stuff up.
Till then have a nice time with your trading!
From the original desk of miles ...
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