No one indicator or strategy will not be able to predict development rates. We will try to assess the development of the price movement in the future. From my experience the most correct is the purchases and sales using MA with standard settings.
If 5 charts 1 min, 5 min, 15 min, 30 min, 1 hour current price are below the MA, then there are the zone sales, we can safely say that the opening of "short" deals will experjence profit. Conversely, if 5 charts 1 min, 5 min, 15 min, 30 min, 1 hour current price located above the MA, that is, located in the shopping area, you can safely open long positions with the the subsequent profit. Of course, there may be various combinations of price charts. But this is a separate article You must also keep in mind the time the factor. These rules, of course, suitable for intra-day.
If you trade inside one week, month and year, respectively, need to increase the time period charts. My first tip. It is impossible to find or develop strategy without loses. Expect losses. Do not use martingale. I am in a lost, my paragraphs here are not well structured, I just type what I think. I am really really in pain, but definitely not suicidal. Not for 5, definitely. My lifestyle has totally gone upside down due to that loss, I couldn't sleep, I even feel so stressful when I type this out.
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I'm not going to write further more. If some of you know what I've went through, please share with me. I need help, psychologically and emotionally. If I can pull forec this experiience, I can become a better trader I believe. Jan 4, 8: Member 12 Posts please move my thread to journal. I think it is more appropriate there. Jan 4, 9: It's only money 1, Posts Good catharsis here for a start. If the shit really hits the fan, just leave. If everything goes according to the plan, that is. What does this mean in real life?
Forex Trading – A Primer
It means you have to curb down your expectations. On anything. Keep everything in perspective. And keep it transparent too. Once you reached that point, cash in and move on. Control Your Emotions Forex trading should be a very detached and cold activity. Apart from the enormous amount of information that he has to process, a trader must also process and control his emotions: Those who can master this skill are usually the winners in this field. What does it means in real life?
A experoence bit of control must be exerted continuously on emotions. Not on how they are formed, but on how they are shaping your real life actions. Imagine someone acting exclusively on emotions. Emotions are fundamental for our own psychological balance and a healthy expression of them is desired. Greed is when we do nothing, but we expect everything.
I'm polyphonic in Forex recent, I've elaborate a whole account for a while and been goa a fair bit, as well as much to podcasts etc. I retina my personal experience will be accurate for people and only traders. I supervised varied about being contests ago, and then. Oh I next to do to this question, it offers back old memories:) I ripped inI was 17, exceeding to review other 6 months to higher a real test, with real money.
In the forex world, Trxding is one of the two reasons people are losing money the other one being fear, see below. In real world, greed is one of the two reasons people are losing life. Livable, balanced life. Fear Is Bad In terms of forex trading, fear manifests the moment you close a transaction too soon, hence not getting enough profit from your trades.
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Fear makes you lose money by not letting yourself cash enough of what you deserve. In real life, this translates into trust. Trust that you judged a set of circumstances well. Trust that you will be rewarded for what you are, not for your momentarily perception.
Trust that things will eventually go as you stated. This requires a degree of self-discipline in fast trending markets where favorable spreads can widen. Successful traders take profits firex they can because a trend can turn around instantly due to unforeseen external events. Trailing stop and stop market orders may be imposed to protect against sudden market reversals and to minimize risk, but as mentioned previously, there's no guarantee that an order will be filled at the anticipated price. By opening a mini forex accountwhich requires a smaller-than-standard cash deposit, traders can control 10, currency units the standard currency lot controlsunits of currency.