From You may have already received several tips that relate to conduct trading in Forex professionally. So what does that mean, exactly? Basically, you have to The development of the capacities of patience and focus on the risk factors surrounding Btdaullack more than Your focus on profits from trading in Forex. You have to aim to build Trading strategies contain values positive outlook. This is an important measure that can To predict how to make the right decision B trading in Forex and therefore Increase The size of the profits that can be obtained for every dollar risked by The long-term .
Why is patience is important?
The best way to answer this question is by comparing the way in which it trades Both Rookie and professionals in trading in Forex. For example, tends Rookie to look for immediate results by doing a large number of Trading within a short period of time. However, this method is wrong, and from It can lead to large losses as well as Rookie prefer to do trades Daily and trying to identify opportunities for their trades through their use of tables of trading Short time frames such as the time or at least .
This is the first mistake done by The Rookie, because the statistics on this Short time periods characterized by very poor quality and it is possible to produce Misleading information. In addition - as experts note - that resistance rates and Characterized by the nature of the support is weak, and the new positions is possible to intervene in time Early. You will also discover that any technical indicator applied to these tables are not effective Largely because the important advantages such as moving operations, can not be relied By .
How can this prove?
For example, the euro has been under pressure recently as a direct result The economic conditions that have passed a number of countries that deal done. As a result of this, Fell USD / euro Dramatically over the past months. And you can be determined Clearly bear a strong channel if What I study trading using frameworks tables Excess daily basis. As If you do you apply technical indicators, you will not Found no strong evidence that this weakness May stop .
And on the other side, if you look at the time scales, you can put the opening Long-term trading into account, because the temporary decline in prices may indicate the Such opportunities. However, these processes may contain a high risk because you then Traded in exchange for long-term patterns .
Rookie consumed in trading in the Forex large part of their energies and they are chasing Trades that do not produce them, but low expectations of returns. For example, If they are lucky, it is possible to produce 100 traded within one month containing 60 A win-win process at a rate of $ 10 for each process, and the rate of loss of $ 10 for each operation. This Produces anticipatory amount equivalent to $ 2, meaning they can expect profit of $ 2 for every dollar Risking it in the long run. This is a little longer and return versus effort Effort, and that the chances of large losses are high .
In general, the experts in trading in the Forex to make decisions Their trades Depending on the counting of high quality that accompanies frameworks Time That are longer than one day. As a result of that, they are doing fewer Much of Trading, but have a higher value. For example, they can do Ten Trades in the month produce them profit at the rate of 8 $ 100 for each operation and $ 50 each Operation Loss, so that their expectations values equal to 70 $.
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