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  1. #1
    Senior Trader
    Join Date
    Mar 2015
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    English

    When you trade, what is important?

    The first thing I need when I plan to trade is my own physical and emotion level which should be fine. Then, I have to make good preparation and analysis to know better about Forex market situation. Then, I need to wait for good entry point, but most of the times I use pending order according to my market analysis. Because, I know it’s very important for me to open my new position in good point.

    But, it’s true sometimes I need to prepare backup trading plan if all of my analyses fail to get profit.

  2. #2
    Senior Trader
    Join Date
    Mar 2015
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    Before you trade, you should know that what is the current trend of the market. Either, you go with the flow or go against the trend if you think it is about to reverse. Know also your risk limit and the present sentiment of the traders. Definitely, you should be a smart trader, if you want to make here regular profit.

  3. Thanks PCMNewsdesk thanked for this post
  4. #3
    Kevin Pietersen
    Guest
    A trader should be perfect about everything. I mean you should pick up your own trading style and must should maintain the time to make the trade. Such as, when the trading session changes there is more volatility in the Forex market and sure you can make a lot of profit from that, So, when you are making the trade make sure you are trading in the right time.

  5. Thanks PCMNewsdesk thanked for this post
  6. #4
    zhuzhuxia
    Guest
    I think the clear objective and stable strategy are important when we trading, never fight unprepared! Before I have no any target or strategy, just follow the other's advice to sell, buy, maybe some times get profit luckily, but finally always lost and lost! After that I set the 10% as monthly yield in Hotforex account, and strictly follow risk managment plan, it's should be a good but long way to go

  7. Thanks PCMNewsdesk thanked for this post
  8. #5
    zhuzhuxia
    Guest
    I think good mind is very important for forex trading, because forex trading is high seneitive to events and news, and market always fluctuate sharply, the beignner is easy to lost temper when suffer from lost, practice good mind is important.

  9. #6
    Junior Trader
    Join Date
    Jul 2014
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    philippinse
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    when trading one should have the right mind set, like dont trade if you are under alot of stress, and be patient and attentive.. forex is not easy it takes time to learn, even after 3 years of trading with hotforex, i think i still a long way to go.

  10. #7
    Senior Trader
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    Mar 2015
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    Well, Forex trading is one of the most challenging professions! So, I have a checklist and I follow before opening any new trade position! The 1st point of my checklist is market trend! Yes, I recognize the market trend first! Then, I locate my entry and exit points according to the positions of the support and resistant level! Besides, I use a fixed trading lots size, this policy helps me to calculate my risk reward ratio so keenly.

  11. #8
    Junior Trader
    Join Date
    Apr 2016
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    when you start trading you must trade with the right mindset and never hesitate to learn it and also keep learning it and never lose hope and try to trade with your strategy and plan so you will be a successful trader one day.
    Last edited by Steve nison; 01-01-2018 at 03:01 PM. Reason: Ad

  12. #9
    Junior Trader
    Join Date
    Aug 2017
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    English
    Before I start trade I do market analysis and make a strategy if require or use one of my previous strategy. Also, I see other traders that what are they doing at that moment. This all help me in making profit and decrease the rick chances.

    Thanks!
    Last edited by Steve nison; 01-01-2018 at 02:10 PM. Reason: Ad

  13. #10
    Senior Trader
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    Mar 2015
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    Quote Originally Posted by jenperry View Post
    Before I start trade I do market analysis and make a strategy if require or use one of my previous strategy. Also, I see other traders that what are they doing at that moment. This all help me in making profit and decrease the rick chances.

    Thanks!
    Well, thank means you are trading with the multiple trading strategies? What’s the total number of your trading strategy? I’m asking because, I am trading with only Price Action trading strategy!

  14. ARIONFORXtarder
 

 
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