Forex Trading Without Fear – Scalping Forex Trading
Fear and GreedThese are the two most powerful driving forces in forex trading. They can not be controlled by the trader as they are internalised by the market.ดูหนังออนไลน์ They are powerful and persistent and create the imbalance that causes the trader to act irrationally. Fear causes the trader to limit the losses and stay in the game with a hope of recovering the money whilst Greed causes the trader to close the deal before it loses further loses.
The decision to start forex trading is often based on benevolent Greed. wishing that the profit will outweigh the risk. However, this is not an exact science and the outcome can be influenced by numerous external factors. Fear has caused traders to hold on to unprofitable trades whilst Greed has traders opened and closed positions to their Log while hoping for a turnaround.
Fear causes the trader to limit the losses and stay in the game with a hope of recovering the money whilst Greed causes the trader to close the deal before it loses further.ดูหนัง hd The decision to start forex trading should not be made based on these two emotions. A better indicator that the market has entered a period of consolidation is when the trend line is flat and peripheral to the price chart.This is definitely not a time for trading.
Con inspection of the market after a big move either up or down confirms that the market has decided to consolidate. A flat trend line is a major warning sign that the market is about to explode. Normally, we will see a pullback either to the middle/meaning half of the trend line or to the edges where the break occurred. Edge cases are rarer but are therefore even more exciting.
We can estimate the fantasy risk:reward ratio by dividing the risk into the return and multiplying by the number of pips.หลุดจากมือถือ Subtract the risk from the reward and see what the reward would be. You can then multiply the answer by the risk. Which gives you a trade size.
Example: $12000/$1250 per pip
risk: $200 per mistake
If you find a trader that makes 10 pips and has a $1250 start up value then you would need to make 8 winning trades in a row to get the expected reward. When analyzing the market try to focus on where the stop loss and profit targets are. Its always good to have a little patience while a trade is under way. By focusing on where the target is set you will find many tempting signals but they can turn into losses due to a lack of patience.
Most new traders are not aware of the power of a tight stop loss. When a currency is moving in a tight range without making a big breakthrough it is very tempting to move the stop to lock in profits A professional trader will not do this.หนังโป๊ฝรั่ง The thinking of making huge profits will overwhelm a beginner and they will then see the direction is wrong. If you try moving stop losses this way you will find yourself in a lot of stress related trades and lose your patience and focus.
Uncertainty is the big issue with day trading. You will find yourself in a lot of doubt and almost never sure if the direction is right. You need to be very sure that the direction is the right one because if you are unsure you might as well go for nothing.
Your main objective when day trading is to maximise profits and minimize losses. You do not have time to lose money and you want to make as much money as possible. Try to avoid adding trades to a losing trade – leave them alone because in the end you will find that they are simply trades that are going to be crosses.
Time management is extremely important when you are trading short term time frames.หนังโป๊ญี่ปุ่น You do not want to have open positions that are costing you to lose money with every trade.
With time management and a disciplined approach to trading you will find that you are able to do some short term trading and pile up some big profits.