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

  1. #1
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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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  2. #1841
    Trader Senorita's Avatar
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    It's necessarily important we learn how to make the right decision on forex and focus on the chance to build a winning trade in this business. Forex is a business of great opportunity and if we fail to learn in the best way, there is huge chance to loose in this market. Before taking buy or sell orders, it's required to analyze the market to be very sure whether it's what you want to trade. We don't just open our trade blindly because it can easily lead to wrong trades.

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  3. #1842
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    Senorita, we do not learn how to take decision, in trading we just learn things we just gain some experience by doing practice so if we do all these things we can understand what is good or what is bad, so make sure you have all these things into trading, but at same time if we apply any strategy on demo for more and more time, it clear us what to do and how to do

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  4. #1843
    Trader Sixteen's Avatar
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    Bad decisions will always bring about loss. So we must be careful for this because if we make the wrong decisions in trading, it will provide the opportunity for us to loose our investment very easy. A good trader gets to make the best decision in forex and always realize why they should work on this trade. Our plans to build a promising trade can help indeed and with this we will be opportune to build what can enable us stay profitable. From our experience we will learn and we can have the opportunity to make the right decisions that will help our trade.

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  5. #1844
    Trader cutiekc's Avatar
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    Quote Originally Posted by Sixteen View Post
    Bad decisions will always bring about loss. So we must be careful for this because if we make the wrong decisions in trading, it will provide the opportunity for us to loose our investment very easy. A good trader gets to make the best decision in forex and always realize why they should work on this trade. Our plans to build a promising trade can help indeed and with this we will be opportune to build what can enable us stay profitable. From our experience we will learn and we can have the opportunity to make the right decisions that will help our trade.
    And bad decisions often comes from the traders mind and not what they see on the chart. In the sense that we all want money from the market. So therefore we look at the chart and then make a thorough analysis before coming to make decisions, if we can do this all times, we can reduce the rate at which we make bad trading decisions.

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  6. #1845
    Trader Lyon's Avatar
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    When we want to make decisions, we should make sure that we have gotten to have taken the learning seriously. Experience has made me know that trading the market is a thing more of the psychological aspect of the trader, so when the trader can get their emotions together, then the trader for sure can take good trades in the market. The ability to make good decisions in the market depends on how also we can be patient.

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