standart

that is true that traders has own preferred method. some choose to use technical and they are comfort with it. and thus, able to generate profit even in consistent way. but some other choose to use fundamental analysis which basic approach is use news and economic data to analyze the market.

market changes and traders should change the positions. being flexible in risk management and strategy necessary. however, it applies for experienced traders only. for traders who have lack experience, better if they are do not conduct experiment with strategy and plan rules.

I don't have a back up plan. my plan has been fix. I am just need to take further research to found the rooms for improvement. as long as I am doesn't found the chance to make my plan improve more, I will stick with my current plan. discipline is necessary and having a back up just shows that we are doubt still with our current plan.

trading is not just about decide to buy or sell. its beyond than that. if traders assume that this business easy, they are don't realize the risk yet. they need to take further learning and not advisable to start risking real money in live account. traders should start to take demo practice first and enrich knowledge plus experience there.

implement this strategy require experience. we should measuring potential of fake breakout because not always the movement will continue to run after break the ranging pattern. in some cases, price back again in ranging pattern after previously, break the pattern.

the best session is london time. market start to volatile and even daily trend movement often occur at london session. however, it depend also with the news or economic events. if there are high impact news releases, though it in quite market such as tokyo session, market would going to move in high range.

its very good to know that there are EA available which basic strategy is following the trend. famously known the phrase of "trend is our friend" in trading. as long as we are trade according to the trend direction, we have less chance to get loss result. and if there's EA to help traders to trade by riding the trend, it would be good.

well, its seems difficult to implement the guidance right away in trading. traders lean to break and make mistakes because they are have no personal experience to let them understand why they couldn't do this or that. losses will make traders understand over rules and trading guidelines.

personally, I am choose to use swing style. it form of long term approach in trading. I am let my positions floating till the target being hit. previously I am use short term trading strategy. however, it doesn't give me good result and even I am always end up with margin call. while with my current approach, I am able to make profit. though it small and sometimes even I am struggle very hard.

competency required and any traders should work hard to achieve such quality. necessary to have good knowledge, experience and skills. no traders able to become consistent in making profit without previously doesn't take learning and make themselves skilled.

the tips is take learning and learn the market attitudes. learn how to point out the trend direction and learn to measuring that movement is momentum, retrace or reversal. traders should learn also to point out good entry level based on strategy. no shortcut available and any traders should take practice and learning.

I start to involve in this business 3 years ago. I am did not focus in the first years and just wasting time to search trading system which able to give me simple entry and exit signals. while later, I am understand that understanding about market very important to enabling me to point out good entry level. then, i am start to observe the market.

for traders sake, better they are don't expect to get daily profit consistently for the rest of trading journey. get winning perfectly is something impossible. changes in market will make traders strategy doesn't work properly sometimes. there a time when traders should deal with the fact that they would make wrong assumption, and suffering loss result.

traders can recover the loss if they are remain calm and stick with trading strategy. many traders involving emotions after suffering loss result. they are unable to control emotions and let it to take control over. if traders able to accept the loss and remain calm, they'll see the market situations clearly and able to implement the strategy in proper way.

I am suffering margin call many times. I am losing around $300 so far. however, it still small if compare with other traders. I am concern to collect capital right now and my target is get $1000 till $2000 during a year. I just have trade with $100 in my trading account so far.

doesn't easy indeed to point out the method which give traders consistency. it require long effort to learn to gain knowledge and experience. even a trader could spend many years to point out the method which able to help them to trade properly. market is really complex and uncertain. difficulty to make profit create mystery.

personally, I am choose to use 4H and daily chart to see good entry level. while use weekly chart to determine the major trend movement. previously I am use small time frame and tried to catch quick profit, but never able to work in consistent way.

potential problems would be appear and its the reason why brokers want to traders provide address and phone number. moreover, some brokers offering debit card to enabling traders get easiness to withdraw the money. if don't know traders address, they couldn't send the debit card.

some of terminologies in trading business doesn't exist in other field of business or in daily conversation. such as bearish and bullish. such term sound weird and before know the meaning, people would assume that such terms refers to the animals. while it don't.

nowadays, many brokers provide social trading facility which one advantage is allowing traders to copy other traders trading. seems its would give benefit but for traders skills and knowledge development, just copy trading wouldn't let them to learn and have own skills to analyze the market.

trading with mini lot or contract give traders chance to deposit with small capital. for traders who have lack of capital, choose to use mini or small contract help them to conduct trading. and if traders have high capital and able to trade with standard contract, they can open standard account which use standard lot contract.

tight stop loss level apply for short term traders. they are have small profit target and it reasonable if they are choose to set tight stop loss level. while for long term traders which have high pips target, they'll have wide stop loss level. basically, calculation about stop loss level usually based on risk reward ratio.

before invest the money and start trading, make sure first that you are able to manage the capital properly in trading. you should found good strategy which enabling you to trade effectively. able to point out good entry level and it work good by generate profits more than losses. anyway, have good understanding about market important also. it help traders to implement the strategy better more.

As far as traders deposit in the same brokers, not necessary to open multiple account. enough by one account and invest the money there. but if traders trade in different brokers, they should open different account. anyway, no restriction actually in open the account, but seems worthless if open many trading account with the same brokers.

If traders who doesn't have skills and knowledge to perform own trading, but willing to get profit from forex market, they can join PAMM account and search the traders who willing to manage their own money. or invest the capital in fund manager to manage it and make the capital growing.