Things we need to watch when making a trade decision - Page 180
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Thread: Things we need to watch when making a trade decision

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    Things we need to watch when making a trade decision

    [lang=id]Many traders will just keep making a lot of entries unprepared in this business i think. And then there are people that will just makes random decision without any thought at all. But personally i will say that a trade decision is something that we need to carefully watch. The things that i suggest to make a trade decisions are:

    1. The market's price

    Sometimes we tend to see the market has already been pricing in when we want to trade. If we simply enter the market at that condition, There will be a high chance of reversal.

    2. Market's sentiment

    The sentiment in the market can be shown with the trend as well, There are traders that can tell the sentiment by themselves but that's because they have got the knowledge already. As for the new traders, watching the trend will tells them where are the sentiment and watching 15M chart in here might help.

    3. Risk Management

    All traders need to be sure that they can earn but they will survive in case that anything worse happen in here anyway. many traders just trade without even knowing the risk that they might get wiped out. So we need to avoid that at all cost.[/lang]

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    Quote Originally Posted by naeem555 View Post
    it should be define but it is possible if we have experience, if we have done practice on demo then we can choose any strategy and can use on real, so first thing is our learning process if we have learned it we can earn but if we do not have learned we can not survive, in some days we can wash our account simply, so be a trader and think about success and this is possible with hard work just and in personal things patience is key of success so keep it also
    Yes it needs demo practice, it needs experience and it needs every effort from us and thats why Forex is said to be not an easy task. It is our own duty as a trader to make sure that our trades are properly opened and managed properly till they are closed. Actually opportunities and risk exist in the market all the time, the thing is which opportunity we can catch with our strategy and have patience.

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    Quote Originally Posted by AmitChallenger View Post
    Yes it needs demo practice, it needs experience and it needs every effort from us and thats why Forex is said to be not an easy task. It is our own duty as a trader to make sure that our trades are properly opened and managed properly till they are closed. Actually opportunities and risk exist in the market all the time, the thing is which opportunity we can catch with our strategy and have patience.
    chance can be any but we should make sure we trade here to learn trade, actually in trading our wait is also important if we lose money in hurry that is not good, but beside that we can wait so when we have wait we can place good orders, so learn trade properly and do it with some wait, when we wait we can clearly understand market, so chance can come again but our lost money is hard to get back recover

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    The role of risks management is the first that can destroy all the efforts we have put into analysing, taking this into consideration will not only help us succeed but it will create a sense of responsibility where we understand that whatever outcomes we receive from our trading is because we did something wrong or maybe the market acted against our wish which is extremely normal risk should not control us instead we should be the ones controlling it always.

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    Quote Originally Posted by Leonvic View Post
    The role of risks management is the first that can destroy all the efforts we have put into analysing, taking this into consideration will not only help us succeed but it will create a sense of responsibility where we understand that whatever outcomes we receive from our trading is because we did something wrong or maybe the market acted against our wish which is extremely normal risk should not control us instead we should be the ones controlling it always.
    as long as there are risk and money management with us included inside our trading system, we don't have to worry about any worse things to happen because we can control the situation and able to make safe, profitable, and accurate trades. our risks will be managed and limited properly while our target is rest assured to our desired target and follow market trend.

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    Quote Originally Posted by Sascha View Post
    as long as there are risk and money management with us included inside our trading system, we don't have to worry about any worse things to happen because we can control the situation and able to make safe, profitable, and accurate trades. our risks will be managed and limited properly while our target is rest assured to our desired target and follow market trend.
    I agree with you. The main thing in forex market is risk and money management rules. If we are able to manage our losses so we are able to risk and earn money. Traders do a lot of small profits and one big loss can destroy all profits so we must have to manage our losses and do not let losses to increase and make risk to our accounts.

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    Market sentiment is about understanding if the market is bearish or bullish as at the time we are trading, this is not based on the number of people that are buying or selling the pair we are analysing because we cannot even have access to the information in reality, if we see that from our indicator, the sentiment is strongly bearish, we should probably be thinking about the best entries that can make us sell, but while doing this, we should consider money management.

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    Quote Originally Posted by Leonvic View Post
    Market sentiment is about understanding if the market is bearish or bullish as at the time we are trading, this is not based on the number of people that are buying or selling the pair we are analysing because we cannot even have access to the information in reality, if we see that from our indicator, the sentiment is strongly bearish, we should probably be thinking about the best entries that can make us sell, but while doing this, we should consider money management.
    Yes that is why you should study the market before trading, know whether its bullish or bearish and then ride the wave. Actually a trader should examine himself and his trading and try to do the needful in terms of strategies, isk management and mindset. Every trade will carry risk and so no trade should be opened blindly, you first need to understand the market and the opportunity.

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    A trading decision is very serious thing, if we are not prepared there is no need that we should trade nonetheless, there are some checklist that we should use to ensure maximum profits from the trade, is there a plan for entries and exit that have proper rules guiding them, what is the take profit as stop loss plan, do you take price to break even, these questions should have definite, they are very basic things we should have.

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    Quote Originally Posted by Bhave4U View Post
    Yes that is why you should study the market before trading, know whether its bullish or bearish and then ride the wave. Actually a trader should examine himself and his trading and try to do the needful in terms of strategies, isk management and mindset. Every trade will carry risk and so no trade should be opened blindly, you first need to understand the market and the opportunity.
    market always move up or down so its on us how we can guess where market will go, we can work hard to learn we can use demo account for this purpose, if we know the nature of market if we learn its movement we can easily make profit from it, but if we do not have enough knowledge and experience to understand market then simply we can lose like many are losing here already, so do not the person who loses be the person have passion to earn from every way to make experience

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    touqir, market nature is not easy to understand in fact it not move all time same way because if it move and repeat things i think trader can get money easily from it, but here for understanding market we need to know about news events as well, if we have knowledge about them we can understand where it will go but still its not easy so we use management to make our trades secure, earning is hard but not impossible so do trade properly

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