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forex trading tips

Forex trading tips

Forex trading tips :

– Don’t forget to place your Stop-loss at the daily and 4H chart at the HH-LL-HL-LH marks.
– Not over two trades at once.
– Keep track of your daily trade notebook and be honest with yourself.
– Think in terms of percentages and PIPs.
– Always save your work and stay organised.

Trading forex tips.

The quote “Your as good as your last trade” is partly true, but a professional trader who strives value and development has to look back and analyze previous trades.

If you’ve traded with a demo-account in the past, you should be aware that a big loss is recovered by one simple click on a button. That’s not how it works in the real world. It’s not our nature looking our faults straight in the eye, but this is something you need to lean. That’s the only way to work on your flaws.

Forex trading tips.

Assessing your performance will tell you a lot about you and what trading style suits you best. Ask yourself the following questions:

With which pairs do I perform best?
Which pairs do I perform are my losing ones?
During what time period of the da yam I most profitable?
On which days have I lost the most?
On what days am I most profitable?
Am I more successful when long-term trading or do I perform better scalping?

Fact is that 70% of all traders can’t draw their technical analysis correctly.

Forex trading tips

Setting up your trend lines or key levels inaccurately will make you a failure even before entering the trade.

Don’t fear, Thanks to our modern technology we are capable to cut of the rough edges. By taking screenshots before and after the trade we can research if we acted correctly.

Tips trading forex

“The easiest thing to do is prepare. If you don’t, on behalf of the other market participants, we thank you.”

Best broker: IC MARKETS.

About Author
Kevin The Forex Scalper

Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it's a passion that has fueled my curiosity and determination. Over the years, I've explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving landscape of technology and innovation. Through it all, I've witnessed firsthand the transformation of the financial industry. My mission is to share the wealth of knowledge I've gained over the years with you, my fellow traders and aspiring investors. Whether you're a seasoned pro looking for fresh perspectives or a newcomer eager to understand the basics, you'll find something valuable here.

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