:Secret 1:
Always know where is your support & resistance. Simple tools to use is using Pivot lines.
Secret 2 :
You cannot scalp the Forex like what usual people do in stocks. It's very important to have a exit strategy in Forex
Secret 3:
Always trade follow the trend, don't against it. When it is uptrend, don't short, or vice versa.
Secret 4:
Trade when there is support & resistance in place, and know what's the entry point.
Secret 5:
Don't trade all the pair currencies. Remember, focus on what's is most interested you. Pay 100% study & understand the co-relation..Focus, then you'll success.
Secret 6:
Start small to create small success, this will slowly build you confidence. Target 20pips per trade at a start!
Create trading plan, keep a journal of each trade, written down why you long/short, what's the outcome. Important, learn from mistake if lose trade..Don't give up!!
Secret 7:
Technical indicator most of the time is confirmation, but not a signal to tell you entry or exit. Price pattern & action is the key.
Secret 8:
Practice using Demo account..commit to yourself decipline trade at least 20 times per day using demo account. Until you build up your confident, then using your REAL MONEY!
2 comments:
I like secret 5. It's so true
That's how you position yourself when you trade.
Post a Comment