Winning Forex Trading/Technique for Newbies and Pros (Part 1)

elkapons By elkapons, 11th Oct 2015 | Follow this author | RSS Feed | Short URL http://nut.bz/_ujl-u9t/
Posted in Wikinut>Money>Forex Trading

Winning Forex Tradings for newbies and pros, learn the basics and step by step strategies from zero to hero

The Ideas

"Trade with the trend for the trend is your darling"

"Buy Low, Sell High"

"Buy on demand, Sell on supply"

"Trade what you see, not what you think"

Keep it simple

What does it mean by keep it simple?

In Forex trading, first thing a real trader MUST have is TRADING PLAN as old saying said "If you fail to plan then you are planning to fail".

Why a real trader need a trading plan?

Because in a trading plan a real trader MUST have a target, either the target is for short term, mid term or even long term. The target depends on your trading style and trading strategy.

Next, in a trading plan a real trader MUST write down his trading strategy. In the trading strategy show how to place an entry, target profit and stop loss. Therefore, THE IDEAS written above are all about trading strategy.

Next articles reader will learn on how to provide a winning trading plan and trading strategy. step by step from zero to hero. FOLLOW my next articles closely.

Emotionless

What does it mean by emotionless?

A forex trader constantly at war with his own emotions. Why? easy, it is because they trade with real money, hard earn money. A trader seen relief and less tension when see green pips or profits in their trades and fear and anxiety when they see floating loss in their trades. Therefore, to create emotionless feeling a real trader MUST play with proper MONEY MANAGEMENT in their trades.

Next part of this articles will be more EXCITING and PROVE a ZERO newbies can be a HERO. Follow Me closely

Recommend brokers for forex trading. Follow the links:-[
Exness
or
Liteforex
or
Instaforex

Tags

Analysis, Audusd, Brokers, Currency, Ecb, Euro, Eurusd, Fed, Federal Reserve, Fomc, Forex, Forex Basics, Forex Broker, Forex Trading, Gbusd, Metatrader, Metatrader 4, Mt4, Nfp, Pips, Rates, Usd, Usdchf, Usdjpy

Meet the author

author avatar elkapons
Keep on learning everything, You'll get everything

http://www.wikinut.com/in/ufnm/

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