 |
| 10 Pips Forex Trading Strategy |
Overview about 10 Pips Forex Trading Strategy
the thought of listing your ways or commercialismtips, is to make the equivalent of a "policies and procedures" manual for commercialism.
process your strategy before you enter into a trade helps forestallfeelingtaking on your commercialism.
"Technicals" refers to the use of charts and graphs to identify potential buy and sell levels.
Traders who employ these tools are often called "chartists" – see Lesson 6 – An Introduction to Technical Analysis for more information on technical trading.
Trading on the Fundamentals
Trading on the fundamentals – also referred to as trading the news – is the study of news events and economic statistics to determine trading opportunities.
Referred to as fundamentalists, these traders pay close attention to changes in economic indicators such as interest rates, employment rates, and inflation. See Lesson 5 – A Primer to Fundamental Analysis for more information on fundamental trading.
Trading When Indicators Conflict
It is a fact of trading that there will be times when you will face conflicting information as you evaluate the likely future direction for a particular currency.
When faced with contradictory information, you have two options; 1) formulate your own opinion as to the direction the exchange rate will likely go, or 2) simply refrain from dealing in that currency pair until a clearer picture emerges.
Trading Discipline
Successful trading requires the discipline to stick to a strategy.
No matter the market direction, the worst thing you can do is act rashly and without thought - this only exaggerates losses.
If you have entered into a trade based on the best analysis available to you at the time and the trade still goes against you, it may be best to cut your losses and move on.
While no trader likes taking a loss, randomly buying and selling on every market fluctuation is not a trading strategy - it is however, a sure way to lose money.
whereaswe tend tosquare measure on the subject of losing cash, incorporating stop-losses into your orders willfacilitatedefend your investment. See Stop-Loss Orders later during this lesson..
the thought of listing your ways or commercialismtips, is to make the equivalent of a "policies and procedures" manual for commercialism.
process your strategy before you enter into a trade helps forestallfeelingtaking on your commercialism.
10 Pips Forex Trading Strategy on the Technicals
"Technicals" refers to the use of charts and graphs to identify potential buy and sell levels.
Traders who employ these tools are often called "chartists" – see Lesson 6 – An Introduction to Technical Analysis for more information on technical trading.
Trading on the Fundamentals
Trading on the fundamentals – also referred to as trading the news – is the study of news events and economic statistics to determine trading opportunities.
Referred to as fundamentalists, these traders pay close attention to changes in economic indicators such as interest rates, employment rates, and inflation. See Lesson 5 – A Primer to Fundamental Analysis for more information on fundamental trading.
Trading When Indicators Conflict
It is a fact of trading that there will be times when you will face conflicting information as you evaluate the likely future direction for a particular currency.
When faced with contradictory information, you have two options; 1) formulate your own opinion as to the direction the exchange rate will likely go, or 2) simply refrain from dealing in that currency pair until a clearer picture emerges.
Trading Discipline
Successful trading requires the discipline to stick to a strategy.
No matter the market direction, the worst thing you can do is act rashly and without thought - this only exaggerates losses.
If you have entered into a trade based on the best analysis available to you at the time and the trade still goes against you, it may be best to cut your losses and move on.
While no trader likes taking a loss, randomly buying and selling on every market fluctuation is not a trading strategy - it is however, a sure way to lose money.
whereaswe tend tosquare measure on the subject of losing cash, incorporating stop-losses into your orders willfacilitatedefend your investment. See Stop-Loss Orders later during this lesson..
0 التعليقات:
إرسال تعليق