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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    Well, that is just because they didn't do their own homework in here even before entering the market. In order to earn the best income in here, we need to always stay prepared and then make sure that we have a lot of risk management in here in order to prepare for the worst possible risks. As for the time we need to invest in order to learn surely will be long enough i believe.

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    Regarding all these points above, I think that the main thing the traders should do is to know how the market is working at the particular point in time, and that is the sentiment of the market. Knowing the market price is nothing to me, and the way the trader manages the account and the position is a very good thing of consideration.

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    [lang=id]I quess some trader might just like that but the sentiment in the forex market is hard. Learning the particular point and how market works is something intensive. It is just like knowing why the market moves down while the condition just calls up for the higher movement. That's too complicated.[/lang]

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    Registered user techboy's Avatar
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    What is important in trading is we can create an strategy where there are specific rule when to exit and enter the market, market sentiment can be easily identified but still we need good timing of our entry and exit because market is so deceptive that we cannot trust market movement all the time.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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    Quote Originally Posted by techboy View Post
    What is important in trading is we can create an strategy where there are specific rule when to exit and enter the market, market sentiment can be easily identified but still we need good timing of our entry and exit because market is so deceptive that we cannot trust market movement all the time.
    We can study an existing strategy use it on demo and adopt it in real trading. In Forex it is no needed education qualification in Forex trading , just need good English knowledge. In every job it is needed education qualification without it no one can apply for the job. In Forex trading a skilled and experienced can do this business.

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    Registered user Hukam's Avatar
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    Quote Originally Posted by AmitChallenger View Post
    We can study an existing strategy use it on demo and adopt it in real trading. In Forex it is no needed education qualification in Forex trading , just need good English knowledge. In every job it is needed education qualification without it no one can apply for the job. In Forex trading a skilled and experienced can do this business.
    That's true mate this business is totally depend upon our trading skill and we don't need any kind of higher educational qualification to run this business little bit knowledge of English is enough to learn about the basics of forex. Its very clear that we have to do trade mt4 terminal and its a practical work so anybody can join this business.

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    I believe which what is important the actual investors must do would be to understand how the marketplace is actually operating in the specific time, and that's the actual emotion from the marketplace. Understanding the marketplace cost is actually absolutely nothing in my experience, as well as how a investor handles the actual accounts and also the placement is actually an excellent point associated with thing to consider.

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    I d agree with the point of view which encourage the using of the money management . an all of our effort must be at the time of the working . and all of us has to lay a good rule for the trading . I think that the using of the trading may be so focused on and all of us has to plan well for the trading .

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    Quote Originally Posted by Hukam View Post
    That's true mate this business is totally depend upon our trading skill and we don't need any kind of higher educational qualification to run this business little bit knowledge of English is enough to learn about the basics of forex. Its very clear that we have to do trade mt4 terminal and its a practical work so anybody can join this business.
    It is true sir, because I have seen some sets of traders that were taught by the same trader, and the results of them all are not the same. It means that the ability of the trader to be fully experienced about the market has nothing to do with the capacity and the result they get, but the way the trader can tolerate the market and use their natural ability.

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