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Thread: The use of filters and common sense in trade strategy

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    Super Moderator Gulfstream's Avatar
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    The use of filters and common sense in trade strategy

    Here we’ll talk about how the simple and available filters and our common sense can make the uncomplicated trade strategy with the 50/50 profit minus spread turn into the effective one that is to make the balance 50/50 lean towards you.
    Well, let’s begin.

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  2. #2271
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    The use of filter and common sense is very important in Forex trading especially the use of common sense,there are times your strategy will give you a signal but common sense will tell you not to enter such trade,for example if you get a signal and there is a high impact news coming out,it is common sense to wait for some time before pulling the trigger.

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  3. #2272
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    Sir,i would not know from what angle yo are looking at the issue of common sense here , but if it is from the angle of doing things in the right perspective, then it is a very good thing to always make sure that we apply common sense each time we trade the market because sometimes what we call common sense may not be too common when it come s to trading of the forex market because we often neglect so many things about our trades some times.

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  4. #2273
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    Quote Originally Posted by glory3 View Post
    Sir,i would not know from what angle yo are looking at the issue of common sense here , but if it is from the angle of doing things in the right perspective, then it is a very good thing to always make sure that we apply common sense each time we trade the market because sometimes what we call common sense may not be too common when it come s to trading of the forex market because we often neglect so many things about our trades some times.
    Common sense in a way is just about trying to things in a most appropriate manner and in a way that is meaningful. Following or trading with common sense has to do more with our mindset, because if our mindset is tainted with greed we neglect risk management and this is not sensible. From novice stages we need to learn to trade based on reality and common sense and this way we can avoid making many serious mistakes that we will otherwise.

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  5. #2274
    Trader Toyen's Avatar
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    Quote Originally Posted by BOSST View Post
    The use of filter and common sense is very important in Forex trading especially the use of common sense,there are times your strategy will give you a signal but common sense will tell you not to enter such trade,for example if you get a signal and there is a high impact news coming out,it is common sense to wait for some time before pulling the trigger.
    I like the traders that are not just using their trading strategy, they are using the strategy with their common sense, this will go far in helping the trader better. There are many bad days for some traders due to the fact that they will be relying on what their strategy can do for them alone, they have forgotten that there is necessity for filtering, it can help us a lot.

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  6. #2275
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    Once we are working about making the best kind of trade in forex, we can have the means to make a good trade. We should know how to build a correct trading strategy and work with common sense to manage them. We are in forex to become financially free and so we should be ready to invest huge time to practice and learn on how to develop for good. Common sense is important and this is what will surely help us enjoy the best level of a great trade.

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  7. #2276
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    It is important that we apply common sense in every thing that we do in the forex market, that is because without common sense there are mistakes that we are going to be making which can be avoided, Common sense is what ensure that we trade with the right money management and mindset, it makes you trade with the knowledge that trading is all about probabilities.

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  8. #2277
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    A trader that has got good common sense means that the trader has been able to have the means of trading themselves. That way traders that don't have the common sense hasn't been able to learn themselves. That way, one don't have to be in a hurry in forex trading, one has to see forex trading as a long term benefit and then ensure to use the right means of trading. using the demo account to gain all needed skills.

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  9. #2278
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    Common sense is a needed aspects of our living not just in the field of forex trading business and it is the use of the common sense that lets you know or understand that we shall do nothing without first investing enough time into learning how to trade and develop our trading skills over time, and it is the use of this great asset that we are able to know that using more than the size of our trading accounts will not help us but will lead us into huge losses most times.

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  10. #2279
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    Quote Originally Posted by simisola View Post
    It is important that we apply common sense in every thing that we do in the forex market, that is because without common sense there are mistakes that we are going to be making which can be avoided, Common sense is what ensure that we trade with the right money management and mindset, it makes you trade with the knowledge that trading is all about probabilities.
    Common sense actually should be exercised in all through our lives, this will help us do things more effectively with less efforts and avoid us landing into perils. Common sense is the natural sense that we possess as a human being and the knowledge and experience we build through learning are our trading skills. Many of us dont become sensible until we gather some experience especially that of losing.

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    Quote Originally Posted by Penuelophir View Post
    Common sense is a needed aspects of our living not just in the field of forex trading business and it is the use of the common sense that lets you know or understand that we shall do nothing without first investing enough time into learning how to trade and develop our trading skills over time, and it is the use of this great asset that we are able to know that using more than the size of our trading accounts will not help us but will lead us into huge losses most times.
    we should not go far beyond the topic because it is all important only for this business alone. forex trading is a competitive business where traders are learning to get better each day to master themselves first before they can master their strategy. it is impossible to know about market in 100 percent because it is confusing sometimes to give us temporary patterns and get us losses even after serious analysis we do. that should be our common sense to accept both positive and negative are the result in the business.

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