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  1. #1
    Senior Trader
    Join Date
    Mar 2015
    Posts
    387
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    Credits
    113
    My Language
    English

    What to do after Forex trade?

    Managing our trading life is one of the most important aspects in trading business. Most of the traders, lack experience when it come to after trade of do not know exactly what to do at time like this. However, there are thing one can do at this time and actually a lot since it is one of the most important times for a trader to sit and reflects at all the events of the day long activities.

    Trade management is mostly important to any trader because this is the time to actually evaluate and measure your strategies to see if you have messes, they can actually work or you are waiting for a bomb. Do not just sit down and relax as trade management is more important for the next round of trade. Most of the failures in Forex do not understand what is the trade management or even its importance.

    It takes time to come up with a proper strategy and this is time to evaluate it and choose the best strategy since Forex trading is a continuous trade and there will be always the next time.

  2. #2
    Senior Trader
    Join Date
    Mar 2015
    Posts
    406
    Post Thanks / Like
    Credits
    87
    My Language
    English

    Forex trading for novice traders;

    Initial moment, for a new Forex trader trading is very difficult. However, with time many are likely to improve and even make it big in this case. Many Forex traders usually give up easily and forsake the trade when they experience losses at the first instances. This is mostly cased by lack of enough trading experience in the trade which normally affects new traders. Actually, Forex needs learning and one must be committed hard earned money into Forex trade.

    Most beginners in Forex encounter most problems due to the following: lank of enough experience, poor planning or non working strategies, mixing emotions with business and anticipating for big profits even before they understand the market trends and failure to include stop loss and take profit instructions. This is where loss management comes into place and its core for any business that is operating. Without proper framework, Forex trading can be a nightmare.

  3. #3
    Senior Trader
    Join Date
    Mar 2015
    Posts
    403
    Post Thanks / Like
    Credits
    127
    My Language
    English
    I think the basic secret to make the success in the trading is that you will determine the trend of the market in the trading and be able to reduce the risk factors in the trading and I think both are the key of the success in trading business because, when you will start with reducing the risk percentage in your trading then definitely you may can control your emotion comfortably and by following the market flow you can earn better income from Forex market consistently.

    So, the things are very important that you learned to follow the market flow or trend and make strong your prediction and calculation skills in the trading and it is only possible when you will study on the market and tools of Forex market then it will help you to make your analysis alike a professional Forex trader.

  4. #4
    Senior Trader
    Join Date
    Mar 2015
    Posts
    389
    Post Thanks / Like
    Credits
    117
    My Language
    English
    Forex trading is my main source of money making! I start my day by opening my trading chart and also close my day by closing my trading chart! Here I spend more than 12 hours! But I take short breaks here! Basically, after making my trading analysis I wait for the opportunities! In my trading I don’t use pending order strategy.

 

 

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