Top Advantages of Forex Trading

[radex78]

I agree. That said, one should keep in mind that having only one system also means that one can't trade all the time, because most systems can be applied to a specific set of trading conditions.

Yes right and to trade based on market condition as trader should having good understanding what going on the market, so they can determine whether will enter or still waiting, but in fact trend market very dynamic, not always we can determine trend with exactly accurate

 

[mlawson71]

Trends are actually usually quite obvious, as long as one knows how to use trendlines. It's the trend reversals that aren't obvious right away and can cause confusion.

 

[CyberWarrior]

So I think will good if everyday we keep practice and learning, might we can absorb any other way to analyze market, but also will good if trying focus on one system and learn it seriously, sometime trader change system because one failure only

I might not agree with you, as if any trader has adopted a wrong strategy and if he continues to use the same for each trade, then it won't be much beneficial, thus I think we need to change our strategies time to time.

 

[radex78]

I might not agree with you, as if any trader has adopted a wrong strategy and if he continues to use the same for each trade, then it won't be much beneficial, thus I think we need to change our strategies time to time.

Might will not easy to recognized trend market behaviour all the time, on certain pattern one strategy might work, but on another pattern might can't work, I think discipline with trading rules also will making better quality trades

 

[doggyfx]

I might not agree with you, as if any trader has adopted a wrong strategy and if he continues to use the same for each trade, then it won't be much beneficial, thus I think we need to change our strategies time to time.

Every trading strategy needs constant updates as the market is continuously changing and some strategy can quickly lose their effiency. that's why I always monitor performance of my S/R based trading strategy on Hotforex and correct if it turns into the losing mode

 

[radex78]

Yes will good if always as trader update analysis daily, although having long term target plan, because sometime trend easy to changed and with update analysis hence as trader can trying to minimize the risk might modify stop loss etc

 

[CyberWarrior]

Yeah it is good to update your strategies every now and then. Changing strategies would be a nice way to make money online.

 

[radex78]

Yeah it is good to update your strategies every now and then. Changing strategies would be a nice way to make money online.

All trader actually want to always able making money from trading,but sometime as trader faced loss and also if in worst condition due getting loss as trader also need control emotion

 

[CyberWarrior]

All trader actually want to always able making money from trading,but sometime as trader faced loss and also if in worst condition due getting loss as trader also need control emotion

Yeah...! Emotion control is one of the most important aspects of the Forex Trading, which you need to take care off.

 

[radex78]

Yeah...! Emotion control is one of the most important aspects of the Forex Trading, which you need to take care off.

There are opinion if forex trading like as psychological game, because in daily trading activity also will involved emotion as human nature, and often bad emotion control leading failure in trading, one small mistake like as reckless in trading might causing loss