Things we need to watch when making a trade decision - Page 182
Page 182 of 185 FirstFirst ... 82132172178179180181182183184185 LastLast
Results 1,811 to 1,820 of 1845

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

  1. #1
    Rookie
    Join Date
    May 2014
    Posts
    3,667
    Promo (¢)
    460
    Thumbs Up
    Received: 27
    Given: 8

    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]

    Not allowed!

  2. #1811
    Registered user
    Join Date
    Aug 2014
    Posts
    6,451
    Promo (¢)
    915
    Thumbs Up
    Received: 56
    Given: 35
    Quote Originally Posted by Abhishekwala View Post
    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.
    It is very important to keep patience until the current market picture and sentiments becomes understandable to us. Market is not always bullish or bearish moods many times its in sideways mood, so we need to look at the market picture and take the decisions. Trend is respectable but we have to trade according to our strategy, like if we are using pin bars we need to go for trend reversals.

    Not allowed!

  3. #1812
    Registered user Lyon's Avatar
    Join Date
    Jul 2017
    Posts
    9,692
    Promo (¢)
    6,085
    Thumbs Up
    Received: 81
    Given: 114
    If you want to make good decisions in forex trading, throw away your emotions and then be such a trader that can work towards getting good analysis, because analysis is one of the most important thing, on the other hand, you should master the rules of your trading concept and never to entertain the use of the other trader's analysis.

    Not allowed!

  4. #1813
    Registered user
    Join Date
    Nov 2017
    Posts
    5,272
    Promo (¢)
    285
    Thumbs Up
    Received: 34
    Given: 87
    When the decisions you are making is not coming from the aspect of you trying to be more careful about the trades you take, then watch it, you will make some bad mistakes. Forex trading can really be a very emotional controlling business, always get to put your emotions in control so as you can avoid taking on bad trades. Decisions making should be all about good discipline.

    Not allowed!

  5. #1814
    Registered user ola4real's Avatar
    Join Date
    Mar 2018
    Posts
    7,964
    Promo (¢)
    4,770
    Thumbs Up
    Received: 47
    Given: 20
    Quote Originally Posted by Lyon View Post
    If you want to make good decisions in forex trading, throw away your emotions and then be such a trader that can work towards getting good analysis, because analysis is one of the most important thing, on the other hand, you should master the rules of your trading concept and never to entertain the use of the other trader's analysis.
    Good decision making does not have alternatives, traders have to be making the good decisions at all time. There is need for traders to gain experience who is correct and who can make the trader to analyze the forex market and work with the necessary elements of trading who can make traders to achieve their goals in forex field. And the case of emotion is not what forex traders should bother themselves much about, with much patience, that will be resolved.

    Not allowed!

  6. #1815
    Registered user
    Join Date
    Aug 2014
    Posts
    6,451
    Promo (¢)
    915
    Thumbs Up
    Received: 56
    Given: 35
    Quote Originally Posted by ola4real View Post
    Good decision making does not have alternatives, traders have to be making the good decisions at all time. There is need for traders to gain experience who is correct and who can make the trader to analyze the forex market and work with the necessary elements of trading who can make traders to achieve their goals in forex field. And the case of emotion is not what forex traders should bother themselves much about, with much patience, that will be resolved.
    Taking good decisions is the need of trading and to take good decisions we should ensure clear thinking and a good mindset. Greed is bad and due to it traders take all illogical decisions and end up losing all their money in the Forex market. Market can move to extremes which can be hard to accept and this mainly happens during the news times, hence it becomes very important to always trade with discipline and risk management.

    Not allowed!

  7. #1816
    Low Cost
    Join Date
    Aug 2014
    Posts
    3,431
    Promo (¢)
    3,380
    Thumbs Up
    Received: 10
    Given: 9
    Quote Originally Posted by AmitChallenger View Post
    Taking good decisions is the need of trading and to take good decisions we should ensure clear thinking and a good mindset. Greed is bad and due to it traders take all illogical decisions and end up losing all their money in the Forex market. Market can move to extremes which can be hard to accept and this mainly happens during the news times, hence it becomes very important to always trade with discipline and risk management.
    For good decisions we need good mindset free from stress, if we are repulsive or impatient we end up taking wrong decisions. When I think of the most important things in trading, two things come to my mind, risk management and a strategy. Many traders have been losing for trading on hopes or feelings and that actually marks the ignorance on the part of traders.

    Not allowed!

  8. #1817
    Registered user Silhouette's Avatar
    Join Date
    May 2016
    Posts
    2,401
    Promo (¢)
    480
    Thumbs Up
    Received: 37
    Given: 41
    Quote Originally Posted by MIGHTYRAMESH View Post
    For good decisions we need good mindset free from stress, if we are repulsive or impatient we end up taking wrong decisions. When I think of the most important things in trading, two things come to my mind, risk management and a strategy. Many traders have been losing for trading on hopes or feelings and that actually marks the ignorance on the part of traders.
    Calm ourself before making every new analysis to market. A clear and calm mind breeds higher accuracy and help us to find something hidden in market which can only be seen through deep focus. Market may trick us with misleading patterns and if we realize the patterns are wrong, we can tell the differences and avoid them in market.

    Not allowed!
    rules made to be followed, not to be broken

  9. #1818
    Registered user
    Join Date
    Sep 2017
    Posts
    8,679
    Promo (¢)
    6,000
    Thumbs Up
    Received: 56
    Given: 130
    One common thing that will determine the success of a trader is the means by which the trader has been able to have made their analysis, you know analysis is so much important and as a matter of fact, some times the traders are also carried way by emotions when they want to make analysis hence making them only get it wrong.

    Not allowed!

  10. #1819
    Registered user
    Join Date
    Jul 2014
    Posts
    6,873
    Promo (¢)
    1,530
    Thumbs Up
    Received: 106
    Given: 66
    Quote Originally Posted by Darkhorse View Post
    One common thing that will determine the success of a trader is the means by which the trader has been able to have made their analysis, you know analysis is so much important and as a matter of fact, some times the traders are also carried way by emotions when they want to make analysis hence making them only get it wrong.
    Good analysis is a potential skill of a successful trader that enables him to find opportunities to trade and trade it with proper timing. Further planning is very important to move on in the Forex market. We have to act upon strong plans that we make considering different possibilities, many of us dont plan or dont follow our plans and hence lose. Not learning from our failures will be our real failure.

    Not allowed!

  11. #1820
    Registered user Silhouette's Avatar
    Join Date
    May 2016
    Posts
    2,401
    Promo (¢)
    480
    Thumbs Up
    Received: 37
    Given: 41
    Quote Originally Posted by Abhishekwala View Post
    Good analysis is a potential skill of a successful trader that enables him to find opportunities to trade and trade it with proper timing. Further planning is very important to move on in the Forex market. We have to act upon strong plans that we make considering different possibilities, many of us dont plan or dont follow our plans and hence lose. Not learning from our failures will be our real failure.
    Many other things we need to watch before we make a final decision to trade. Well, it's kinda hard to describe because I'm sure different traders has their own methods according to their strategy. Only trade after we use our strategies and believe in ourself that we can make a correct analysis. Don't follow what we think before we see things in market.

    Not allowed!
    rules made to be followed, not to be broken

Page 182 of 185 FirstFirst ... 82132172178179180181182183184185 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •