I recently found a colleague on social media who wants to start trading in the forex market. Situation that I have also seen in some students.
After you have acquired the basics and went through a demo account training period, you want to start by using a real account, however, the time of your current employment is not allowed.
The forex market offers a lot of styles to perform trading at the taste and convenience of each individual. From a lot of orders every day to one per week, or month. We can choose from a variety of styles, and of course it is, depending on the time we can spend.
A high number of trades does not mean more successful trading and faster balance sheet growth. In fact, several aspects come into account: correct risk control, familiarization with the desired parity, good diversification technique, protection of operations, in addition to the respective fundamental, technical and even statistical analyses .
This simply makes us reason that one or two orders a day may also be enough for good trading. Such simplicity also applies in two or three orders per week scenarios.
Use the following example, a simple technique of orders with medium or long travel, a daily entry at the beginning of each new bar, either at market price or conditioned by some Limit order. The given order could have a Stop Loss of 50 pips and a Take Profit of 100 pips. In this way we would have a 1:2 profit risk ratio in long travel.
Among the modifications that we can make to not alter the discipline is the following: close the trade if the market is going against us being imminent the arrival at 50 pips, maybe about 10 or 15 pips before. Oppositely, if the market continues very strongly during the arrival of the 100 pips, we could extend such a gain about 10 or 15 additional pips.
The above is just an example to start with now. Take action immediately, do not lose what you learned. All without the need to adopt a scheme of restlessness with a high number of operations.
Correct and simple trading also generates good profits.
After you have acquired the basics and went through a demo account training period, you want to start by using a real account, however, the time of your current employment is not allowed.
The forex market offers a lot of styles to perform trading at the taste and convenience of each individual. From a lot of orders every day to one per week, or month. We can choose from a variety of styles, and of course it is, depending on the time we can spend.
A high number of trades does not mean more successful trading and faster balance sheet growth. In fact, several aspects come into account: correct risk control, familiarization with the desired parity, good diversification technique, protection of operations, in addition to the respective fundamental, technical and even statistical analyses .
This simply makes us reason that one or two orders a day may also be enough for good trading. Such simplicity also applies in two or three orders per week scenarios.
Use the following example, a simple technique of orders with medium or long travel, a daily entry at the beginning of each new bar, either at market price or conditioned by some Limit order. The given order could have a Stop Loss of 50 pips and a Take Profit of 100 pips. In this way we would have a 1:2 profit risk ratio in long travel.
Among the modifications that we can make to not alter the discipline is the following: close the trade if the market is going against us being imminent the arrival at 50 pips, maybe about 10 or 15 pips before. Oppositely, if the market continues very strongly during the arrival of the 100 pips, we could extend such a gain about 10 or 15 additional pips.
The above is just an example to start with now. Take action immediately, do not lose what you learned. All without the need to adopt a scheme of restlessness with a high number of operations.
Correct and simple trading also generates good profits.
