Keep your trade simple
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Thread: Keep your trade simple

  1. #1

    Keep your trade simple

    I have gone through different blogs of expert and most of them suggest to make the analysis or indicators for a single trade. Sometimes make you confused to find a good signal and your trades often ends up with loss. So, what do you guys think about it?

  2. #2
    Yes! it is true that we must keep our trade simple.If we don't have our trade simple we will confused while trading.We must have good planning,strategy and analysis to trade in this business and to get success in our trade.As Forex trading is very risky business if you don't have trade simple than you might get a big loss in this business.

  3. #3
    The Forex trading is so simple because it the most easy business but you should more hard work in the trading business in the trading business you should be more experience holder in the trading business . in the trading business you should be more gain all about the trading knowledge and . it is the best experience in the trading business.

  4. #4
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    Well to an extent I would say that such notion of keeping your trade simple is good for a trader,to enable the trader have a clearer view of ones purpose of trading, although as one advances in his or her trading career you'll be able to handle more complex analysis and trading multiple currencies, so its a good step to start your trading career with a simple analysis and lesser currency chart.

  5. #5
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    we only need to take something easy and simple to understand and it is the best trading system for us, and if only if we get one which is suitable with our style as the basic of talent, and it means, we do not need to find out the best trading system but so complicated and hard to understand, and at last, just trap us at bad situation where we just dream it

  6. #6
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    I think it is good idea to keep thing simple particularly when you are the newbies trader not know about the trading then you will keep thing simple and avoid the complex problem that you will not understand and getting the knowledge about the trading and knowing the nature of the forex market and try to familiar first with the market then complete the process of the trading and know how to get the profit in the trading so the idea is that you will avoid the complex strategy and adopt the simple strategy and plan and try to reduce the loss in the trading and observe the forex market

  7. #7
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    The suggestion is good. We need to make our trade simple because any complicated trading can bring huge loss in this trade. Forex is risky trade and we need to handle it with more patience and skill. We need to avoid over trading also. Greed is our common enemy- we need to stay away from greedy trading.

  8. #8
    Yes dear we must have to do trade carefully and with rules and plans every time. It is vital for every person for earning money. If we did not do trade well and use risk every time then we may get much loss and even lost the whole account very quickly so hard work is essential for us.

  9. #9
    Forex market is an individual perception. As it participate different traders from different countries all traders have also different mind set. Like at same price some traders think to create long position an some want to trade short position.
    Because some of them are day basis traders some are long term.
    So you always stick to your won strategy so that you can gain god knowledge and can be confident.
    Trade with low quantity always keep you confident and not let you fall in panic.

  10. #10
    We must do simple trading in forex market and always do trade when there is something in a trade. Blind trade gives us only loss, we must trade according to our trading plan. If our trading plan gives us signal then we can do trade but if our system did not gives us signal then it is better for us to avoid trading for a while.

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