The EDGE of a trader - Page 159
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Thread: The EDGE of a trader

  1. #1581
    Quote Originally Posted by ola4real View Post
    A trading system is what every forex traders need, the traders without a trading system will not know how to work in the forex field. With the correct trading system, forex traders can be sure that they will trade forex field more accurately, there will be minimal loss on the side of the forex traders, and that will amount to success of the forex traders too. But the trading system must have all the elements of trading in the correct proportion.
    Affirmative, without trading system I know what will happen to traders. This thing usually happens to beginners who lose their money for their first time and their other next trades because they're missing a trading system. Sometimes a trading system isn't always become every trader's edge because different traders has their own issues and different solutions for them.
    rules made to be followed, not to be broken

  2. #1582
    Quote Originally Posted by Silhouette View Post
    Affirmative, without trading system I know what will happen to traders. This thing usually happens to beginners who lose their money for their first time and their other next trades because they're missing a trading system. Sometimes a trading system isn't always become every trader's edge because different traders has their own issues and different solutions for them.
    You are right, when we are without a trading system we should know that we are not fit to trade live yet, we need to learn and practice and get one or build one. We need to take things seriously and if take them easily we will surely fail in some crucial facets of trading and get losses. A strategy is usually much far from perfection but combining it with risk management provides us a nearly perfect means for earning here.

  3. #1583
    One thing a trader considers is what gives him an edge and that is also the point of focus when he is developing his trading strategy. Some traders develop an edge by buying the market that is already oversold, that means they are looking for the base or bottom of the market they want to buy. As for me , it is the way I manage the risk to reward ratio that gives me an edge because the least I go for is ration 1: 2 and sometimes , it could be higher than that .

  4. #1584
    Trader Sascha's Avatar
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    Quote Originally Posted by layigold View Post
    One thing a trader considers is what gives him an edge and that is also the point of focus when he is developing his trading strategy. Some traders develop an edge by buying the market that is already oversold, that means they are looking for the base or bottom of the market they want to buy. As for me , it is the way I manage the risk to reward ratio that gives me an edge because the least I go for is ration 1: 2 and sometimes , it could be higher than that .
    i consider each mistake i made with my analysis as my edge of my strategy. from that painful point, i learn a lot every single time i missed market in good trades. doing mistakes isn't one of my favorite activity to do but i can't blame market or my strategy to give me bad results, things happens so fast and i just need to accept things as soon as possible. this is my edge as forex trader and i have to understand everything what's related to forex.

  5. #1585
    The idea of support and resistance is one of the most significant thoughts when trading the markets. Trading without knowing where potential defining moments may happen is much the same as skydiving without a parachute. At some point or another, it will destroy you. Pivot focuses are a device that can assist traders with recognizing focal points where traders are probably going to see increased order stream. Remember that numerous traders will, in general, submit stop-loss requests and take benefit focuses around these levels so there exists a higher probability of action that can cause price rejections or breakouts from these levels.

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