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Thread: Logical way to trade forex

  1. #1

    Logical way to trade forex

    Hello all thread guests!!

    I am Aazish, final-year student of Finance and Accountancy. I have acquaintance with forex trading techniques, techniques and techniques and began trading three years again. Also, joined sessions. training 23 trading courses and But I am still baffled which is the more rational method to trade forex although I want to begin it now as profession but additionally want to to rehearse an extended and rational -stay way of trading. I know more reasonable way of trading is that makes you rewarding. I really don't want to pick trap in path that is wrong, therefore performing request to all specialists please guide me in correct path, so that I can seize methods that are associated.

    Thanking you all in advance.

    Aaz

  2. #2
    Well, I was also baffled when I was an active trader on demo then I dedicated to mostly indicator based trading strategies! Whatever, understand more about fundamental and technical analysis, technical signifies Andre1 Action strategy nothing else! Besides, know news trading with particulars! On these two market analysis, you will get enough threads in this forum, use each of them but sincerely! All the best

  3. #3
    Quote Originally Posted by Ameliapl
    Hello all thread guests!!! I am Aazish, final-year student of Accountancy and Finance. I have acquaintance with forex trading techniques, techniques and techniques and began trading three years again. Also, joined sessions. training 23 trading courses and But I am still baffled which is the more rational method to trade forex although I want to begin it now as profession but additionally want to to rehearse an extended and rational -stay way of trading. I know more reasonable way of trading is that makes you rewarding. I really don't want to pick/trap in wrong path, therefore performing request...
    1) Open your chart.
    2) Insert a moving average.
    3) Insert an OB/OS oscillator.
    4) Find a trend.
    5) Trade the pull-backs.
    6) Manage your funds.

    Cheers

  4. #4
    Quote Originally Posted by Again
    quote 1) Open your chart. 2) Insert a moving average. 3) Insert an OB/OS oscillator. 4) Find a trend. 5) Trade the pull-backs. 6) Manage your funds. Cheers
    7) Go broke

  5. #5
    Quote Originally Posted by apisanor
    Well, I was also baffled when I was an active trader on demo then I dedicated to mostly indicator based trading strategies! Whatever, understand more about fundamental and technical analysis, technical signifies Andre1 Action strategy nothing else! Besides, know news trading with particulars! Youll get enough threads on these two market analysis, use each of them but sincerely although in this forum! All the best!
    Quote Originally Posted by Again
    quote 1) Open your chart. 2) Insert a moving average. 3) Insert an OB/OS oscillator. 4) Find a trend. 5) Trade the pull-backs. 6) Manage your funds. Cheers
    Thank you mate!!

  6. #6
    Quote Originally Posted by irenecorderroura
    quote 7) Go broke
    Start again

  7. #7
    Quote Originally Posted by irenecorderroura
    quote 7) Go broke
    Friend, can you know any other way of trading???

  8. #8
    Quote Originally Posted by irenecorderroura
    quote 7) Go broke


    @Ameliapl....whtever method ur utilizing and whtever analysis ur using... fundamental / specialized or equally,
    1: do some back-testing on a certain pair that u like to trade or whatever fits best your trading strategy. After testing that is back you'll have confidence your method works if UCAN flawlessly execute ur strategy. So back-testing is great for creating self-confidence in ur program and how u-can set stop loss and t-AKE profits.
    2: After this do ahead screening on demo account. Just study this to the conclusion then move any judgements, before anyone tell you that demo is ineffective.
    Forward screening is actually crucial because trading is all about execution, performing back-testing is extremely effortless, but executing trades on live market is entirely various ball-game. So ahead screening will aid u with that.
    Here utilizing demo account is necessary since you nevertheless lack the the relevant skills of how you can execute/apply your method without the errors. Its better never to waste your money on this particular phase although you are able to use real cash also.
    Note: Use the sam-e sum of funds in demo account that your heading to deposit in stay(real-money) account
    3: Once u have the the relevant skills to determine the setup(sign) that your technique offers u and u-can execute it on stay market without the errors, your great to go.
    Now you are able to trade real-money. As of this stage your seeking to construct psychological discipline, which contains lots of issues....one of them is managing losses, which can be very important.

    This is just a short overview of wht you will need to do...as u stated u want to trade logically, without back-testing and ahead testing your just gambling, Why?
    because Udo know whether the odds are in your favor or perhaps not, The concepts of likelihood and the outcome of a solitary trade can maybe not be predicted but over a collection of 10 20 or 3 trades u will know through straight back/ahead screening that chances are in your favor, therefore the two feelings that traders discuss about a lot greed and worry, u should be able to manage them with simplicity and they won't hassle you any-more. Each one of these points are needed in making the means of trading significantly simpler....u can try the tough way also, dropping hundreds of $ and then come to the logical path or you also can just commence with this and sticking with few basic rules that'll help you maybe not get damage emotionally or financially.

    I examine somewhere that trading is about 3Ms

    1 st M is technique (your strategy, program or edge)
    2 nd M is money-management
    third M is managing your-self (psychological self-discipline)

    There r several traders here on FF who know a lot about technical or fundamental analysis and methods that will set the chances in your favor, its your work to find the program that fits you most useful. So 1 st M is effortless to locate if your seeking with appropriate viewpoint. 2nd M is centered on the sort of trader u are and the method u r utilizing ...3rd M can be hard, this is where several traders have to work a lot.
    Other then that forex trading ought to be regarded as a business too, like every other enterprise it requires time to get it working...therefore sam e regulations utilize here.

    Peace

  9. #9
    Quote Originally Posted by sisader
    quote @....whtever program ur utilizing and whtever analysis ur using... Equally, 1 or fundamental / specialized: do some back-testing on a certain pair that u like to trade or whatever fits your trading strategy best. After testing that is back you'll have confidence your method works if UCAN flawlessly execute ur strategy. So back-testing is great for creating self-confidence in ur program and how u-can set stop loss and t-AKE profits. 2: After this do ahead screening on demo account. Now before anyone tell you that demo is useless...
    Make Sense.... Thank you!!

  10. #10
    Quote Originally Posted by Ameliapl
    Hello all thread guests!!! I am Aazish, final-year student of Accountancy and Finance. I have acquaintance with forex trading techniques, techniques and techniques and began trading three years again. Also, joined sessions. training 23 trading courses and But I am still baffled which is the more rational method to trade forex although I want to begin it now as profession but additionally want to to rehearse an extended and rational -stay way of trading. I know more reasonable way of trading is that makes you rewarding. I really don't want to pick/trap in wrong path, therefore doing request...
    1. Find an actual career first therefore that charges are compensated.

    2. Trade tiny profit stay accounts before you grasp your own psych and understand moneymanagement.

    3. Better stop for great, should you nevertheless fail after 3 to 5 years of trading even in-step 2.

  11. #11
    Quote Originally Posted by elimartinez92
    quote 1. Find a genuine job first therefore that charges are paid.
    accurate

    Quote Originally Posted by elimartinez92
    quote 2. Trade little cash in stay accounts before you understand moneymanagement and master your own psychology.
    true

    And, neglect all of the shit about purchasing ferrari's, trading in the beach, operating 2 hr and after that party all-day-long, dwelling the dreammm .. trading is a career that need a laser-like concentrate plus a lot of time, all the succesfoul trader I know have devoted, in a way or in still another, their lifestyle to their own job, s O be prepared, there's a huge Andre1 to pay, and ask your self if trading is what you actually want.

  12. #12
    Hello. Finally students of Finance!! Welcome.

    I use a hybrid product of linear regression and quantitative analysis. I then use standard-deviation when Andre1 factors become outliers to find and team candles in to sample dimensions. The outliers are frequently referred to as break-outs. However, you will see the reaction of all trades, not just break outs. Because this is your key profit pocket I basically mention them. It truly is dynamic, or hybrid because I make my line curvilinear, so that it may move with all the market that is stay as it ranges up and down.

    It is comparable to calculating the profit/reduction equilibrium of an enterprise. Underneath the line, in this instance the market is promoting and over the line, the market is purchasing. Simple products. Good Luck.

  13. #13
    Azish.. You'll find numerous ways to epidermis a cat. So I Would maybe not discuss the the technique to use.. but I Would prefer to mention a couple of points from my expertise.

    You you must know demonstrably that there's maybe not a single-person in this-world, who will exactly forecast what is gonna happen to EU in the next few mins. You are able to only assume... And some times you're right and you're incorrect. So..

    1. Your win will come ONLY from a collection of trades, maybe not just a single one one. So that your trade positions should be correct enough to withstand a sequence of losses. Even a10 or 2 losses in a collection should not harm YOU (mentally) or your ACCOUNT (financially).

    2. You need to have the self-discipline to t-AKE a 'sequence' of trades that are properly evaluated, frequently. Irrespective of the time frame you pick, you need to have the stamina with regard to money and also in conditions of lengthier length in the market.

    3. Keep your brain open. Always discover time to understand understanding or new techniques in the area.

    If you might be able to do these things, You are SUCCESSFUL for certain... Like every other careers in the entire world. All the most useful.

  14. #14
    Quote Originally Posted by tazshare
    Hello. Finally students of Finance!! Welcome. I use a hybrid product of analysis that is quantitative and linear regression. I then use standard-deviation when Andre1 factors become outliers to find and team candles in to sample dimensions. The outliers are frequently referred to as break-outs. However, you will see the reaction of all trades, not just break outs. Because this is your key profit pocket I basically mention them. It truly is dynamic, or hybrid because I make my line curvilinear, so that it may move with all the market that is stay as it ranges up and down. It's similar...
    I research company finance but have concept of those terms. I'd try to utilize them on trading too.... Thank you sir

  15. #15
    Quote Originally Posted by LuisaTT
    Azish.. There are several methods to epidermis a cat. So I Would maybe not discuss the the technique to use.. but I Would prefer to mention a couple of points from my expertise. You require to comprehend demonstrably that there's maybe not a single-person in this-world, who will exactly forecast what is gonna happen in the next few mins to EU. You are able to only assume... And some times you're right and you're incorrect. So.. 1. Your win will come ONLY from a collection of trades, maybe not just a single one one. So that your trade positions should be correct enough to withstand a sequence of losses. Even a 10 or...
    Thankyou Sir. I will keep these factors in mind....

  16. #16
    Quote Originally Posted by Ronda Rousey
    quote LOL. You're planning to use logic to trade? When you're really great at trading you'll find it's a art.
    We would be eternally grateful in the event you'll show us your artwork.
    Or can it be asking too much?

  17. #17
    Quote Originally Posted by Ronda Rousey
    quote LOL. You're planning to use logic to trade? When you're really great at trading you'll find it's a art.
    I suggest to say, way to trade that makes logic, maybe not fancy indicators to whom we follow for set ups signals.

  18. #18
    No registrado
    Guest
    The greatest technique to create consistent cash:
    measure the the bias and trade constantly with momentum.
    No charts required.

  19. #19
    Quote Originally Posted by LuisaTT
    ... Even a 10 or 20 losses in a sequence should not harm YOU (mentally) or your ACCOUNT (financially). ...
    While this is correct, I doubt there are several traders even among the constant productive types who would not be mentally ruined after using 1-0 losses in a row. Because 1-0 losses in a row indicates a lot of the time-something is wrong with your program and also you're missing the edge.

    In figures, in case you have a method with 3-5% achievement rate (REALLY reduced imo) your opportunity to have 1-0 losses in a row is nevertheless less than 50% (42.6%).

    So, be practical.

  20. #20
    Quote Originally Posted by sisader
    quote I read someplace that trading is about 3Ms 1 st M is technique (your strategy, program or edge) 2 nd M is moneymanagement third M is controlling your self (psychological self-discipline) There r many traders here on FF who know a lot about technical or fundamental analysis and methods that will set the odds in your favor, its your career to discover the program that fits you finest. So 1 st M is effortless to discover if your seeking with appropriate viewpoint. 2nd M is centered on the type of trader u are and the system u r utilizing ...third M can be hard, this is where...
    extremely great post. I concur together with your conclusions.
    but I feel its difficult to become an excellent trader without dropping. A trader recognized and should have felt the pa In of shedding. Its like you want to become a terrific fighter but never bleed and never have taken a punch that is difficult. a fantastic fighter should know how negative it hurts. he should have taken tens of thousands of stabs and punches and following that, if he's still alive, he'll be better than most the others... You have perhaps not experienced and cannot defend your-self successfully from something you do perhaps not comprehend. of course perhaps not as easy as that. Keep years, dropping over is perhaps not likely to make you rewarding on it's own. But dropping cash is expertise. The forex market that is entire is about shedding funds. Should you not comprehend shedding funds, better to avoid. So as some kind of summary - imo dropping some quantities that are little is wholesome for traders to some stage. Funds that is losing does perhaps not imply you're a loser. making funds does maybe not suggest that you are the winner. It retains up your guard and your toes on the floor. but it really is very tough to remain rational and know just how much is also much.. as they say - dropping is portion of the sport. Does Real Madrid usually win.. no. However they're all millionaires. Just how they should never shed as well as when they were bitching about every sport, they play golfing with grandma.

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