Yes, after recommendation from an expert trader i learnt this traditional indicator, its good to know the long term market trend and holds good in time frame of H1 and above. Helps to know dynamic support and resistance levels.
If we desire for something good and put in the right amount of effort and do the hardwork then for sure anything and everything is possible in this world.
When we are always watching and hearing good things its always good for the traders so that they can become motivated and inspired to trade well. Having good things around us will bring in some good positive energy.
Even i feel that overcoming this kind of nervousness is very much important for the traders inorder to increase their trading result and performance. The best thing to do according to me at such situation is to find suitable stop loss and take profit level and just relax while trading.
There is a direct relation ship between the performance and the result thus obtained. If we are earning some good percentage of income then its an indication that we are performing well at trading.
Its always advantageous if we try to become traders because this provides the trader with the provision for creating income sources which can be used to build their wealth.
The market conditions are changing a lot and thus the traders should adapt to these quick market changes to trade well in the market to excel and make money.
7-10% per year interest rates are not that difficult according to me because any bank would give you more than 9% interest rate per year and if you are senior citizen the advantages are even more.
One problem during volatile market condition is that we will not be able to open the trade at all because of the trade context being busy, better to place pending orders so that we can hold and also manage the trades as prior to execution we would have set the TP and SL.
From my experience i have observed that the bear market declines much faster than the time it takes for the prices to go up somehow sells are my favorites to make quick pips.
Increasing size during the drawdown is more or less related to the martingale strategy which is very much dangerous according to me because of the potential risk involved while trading.
If we have the strong will to change our trading style and way of approach towards the forex market because of losing money then for sure we can find ways to fine tune our strategy.
Am not a pro trader but most of the pro traders for sure would size their trades according to the capital money which they have and have some strict money management in their trades to manage their capital money more efficiently.
I find the second set up to be more attractive because the odds are that we are making more profits with the small risk taken. Thus, on long term if we are able to make such trades its really good for the traders to scale up the profits and make huge portfolio.
Calculate the number of pips back up you want to have in your trading account and then according to the capital money you have calculate the drawdown amount and maintain that much capital money for trading.
I take up the entry into the forex market with the help of smaller time frame chart so that i can get the best entry for the day enabling me to hold lowest floating loss possible.
True, forex trading business is something that which can be learnt and mastered by the traders if they have strong determination to learn the forex trading.
Time to get short in which one - if you are referring to the commodities then may be yes but still i would prefer to be along the long term market sentiment but at what level is confusing me.