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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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    Registered user ola4real's Avatar
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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
    Experience is great, this is what I know in whom forex traders can take their chance of knowing anything in forex field. There is nothing that will be looking easy to forex traders who did not learn, the learning will open the eyes of the forex traders to understanding, and that understanding of forex field and how best we can trade it will help us in choosing the needed forex method of trading.

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    Quote Originally Posted by ola4real View Post
    Experience is great, this is what I know in whom forex traders can take their chance of knowing anything in forex field. There is nothing that will be looking easy to forex traders who did not learn, the learning will open the eyes of the forex traders to understanding, and that understanding of forex field and how best we can trade it will help us in choosing the needed forex method of trading.
    when we know here we can earn some good profit and more then any other business so why we think about easy ways? why we do not do some hard work? in other sides we try to do hard work in small jobs also but here we do not do hard work, why? we need to make sure we can do well if we have patience, if we have proper experience and everything, if we do not have proper experience simply we can lose all, so learn as much as you can, your way to success can be easy then

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    Quote Originally Posted by naeem555 View Post
    when we know here we can earn some good profit and more then any other business so why we think about easy ways?
    this is one main thing i think every trader should understand this, there is no easy way to get success and to get profit. when we people work hard when we people do practice on demo account we can get success we can earn profit from it, actually decision should be based on our good analysis then we can earn from it otherwise if we take decision on wrong ways we can lose here

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    Quote Originally Posted by touqir View Post
    this is one main thing i think every trader should understand this, there is no easy way to get success and to get profit. when we people work hard when we people do practice on demo account we can get success we can earn profit from it, actually decision should be based on our good analysis then we can earn from it otherwise if we take decision on wrong ways we can lose here
    but with hard work we can make any way to easy, actually in trading there is nothing but its lengthy process, so if any trader think its tough i think its wrong, people loses after some practice and think its tough, so its wrong its not tough its lengthy, if they practice for long period they can easily guess market so learn more and more without this no one can guess market, so give it attention but big time also

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    Quote Originally Posted by naeem555 View Post
    but with hard work we can make any way to easy, actually in trading there is nothing but its lengthy process, so if any trader think its tough i think its wrong, people loses after some practice and think its tough, so its wrong its not tough its lengthy, if they practice for long period they can easily guess market so learn more and more without this no one can guess market, so give it attention but big time also
    you are right but people do not want to do hard work they want to earn just big and for this they lose. in hard working we have demo account and when we place a number of orders in demo trade we earn many good orders. hard working not means we need to do something complex, just do orders, observe them and understand what is wrong and what is good. you can learn from orders and that is our experience

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    Quote Originally Posted by touqir View Post
    you are right but people do not want to do hard work they want to earn just big and for this they lose. in hard working we have demo account and when we place a number of orders in demo trade we earn many good orders. hard working not means we need to do something complex, just do orders, observe them and understand what is wrong and what is good. you can learn from orders and that is our experience
    you are right that people loses because of wishes i believe if we control our lot size and risk we can save self but if we do not control loss and try some big targets we can not achieve them., mine targets were very small but still i lost a lot of time and my max drawdown is also big, so for this you need to make sure you use small risk and trade when you are sure, never always trade its not right way for trading

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    its normal to like the idea of being in the market but its very important to know what you are doing before you start trading the market,you must have a good strategy as a trader and have a trading plan before executing a trade as a Forex trader.most traders take trade just because they want to be in the market while most other traders are just concerned about making money without correctly analyzing the market.

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    Quote Originally Posted by juniorpeters View Post
    its normal to like the idea of being in the market but its very important to know what you are doing before you start trading the market,you must have a good strategy as a trader and have a trading plan before executing a trade as a Forex trader.most traders take trade just because they want to be in the market while most other traders are just concerned about making money without correctly analyzing the market.
    yes we need of good strategy but it will not come with talks, if we talk positively it not means we will get success also but make sure you do your best, your deeds make you better your deeds make you able to earn good profit here, we can not earn profit here if we do not have good strategy so whenever we know its important then we should work hard for it, strategy is possible for us if we have passion we can get it

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    Registered user Silhouette's Avatar
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    Quote Originally Posted by altafch View Post
    yes we need of good strategy but it will not come with talks, if we talk positively it not means we will get success also but make sure you do your best, your deeds make you better your deeds make you able to earn good profit here, we can not earn profit here if we do not have good strategy so whenever we know its important then we should work hard for it, strategy is possible for us if we have passion we can get it
    Most importantly is to keep quiet while doing our best in this business. Let our skills and experience show us the way and finally give us what we deserve as profit. Many traders are good for sharing their actual experience in theory but through their live trading they don't do it well. Making trade decision is only for experienced traders who has a solid system to follow, not basically come from theories.

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    rules made to be followed, not to be broken

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    Quote Originally Posted by Silhouette View Post
    Most importantly is to keep quiet while doing our best in this business. Let our skills and experience show us the way and finally give us what we deserve as profit. Many traders are good for sharing their actual experience in theory but through their live trading they don't do it well. Making trade decision is only for experienced traders who has a solid system to follow, not basically come from theories.
    That is professional way of trading to keep quiet until we see a strong setup that allows a high probability trade, trading without strong signals can be meaningless. We need to watch out for signals from our strategy that can give us higher probability for profits be it with market trend or swing. Discipline is important because with every strategy we also need to observe the rules and make sure our trading is not tainted with greed.

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