Forex Analysis Part 4
The advantages of trading with a model like this is easy We get the profit that we pursue. The movement of 10 points can even be reached when the market is very, very quiet and the stock London and New York are closed! Activeness We open the position also of course much larger than a Day Trader let alone Swinger. The included capital also does not need to be huge. $ 1000 is more than enough. Not even $ 500 is a problem. The drawback? There is. The most important problem is to determine the Stop Loss point to be taken. With a profit target of only 10 points then if we want a balanced then SL We also have the same magnitude that is 10 points. But the problem is the same as the target 10 points can be achieved easily then the Stop Loss limit of 10 points was no less easy.
Then how about SL We set 30 points? Would not it be easier to achieve profit while the SL becomes much looser? Correct. But your 3 x profit in 1x loss alone has been even.
Well if Scalping without SL how? This is no less difficult. It will be much easier to achieve profit. But just imagine you have to wait for days because your position is negative floating but when you profit you only take 10 Points only! Is not that strange? The risk that we bear is up to the level of Margin Call where almost all of our funds are lost but the profit we take is only 10 points! It really does not make sense.
Ok it is a variety of trading methods used by traders in the world. It should be understood here that none of the above mentioned trading methods is better than other methods. Each method has its own successful people who have tried the method for years. But there are also losers because of it.
The key here is to find the right trading method for yourself. Try asking yourself how much time and capital do you have? Are you a busy person in your daily work? If yes then join the Swingers. Or if you're happy with an adventure, join Scalpers. No problems at all. As long as it suits your personality then it will be really useful. What needs to be emphasized here is the use of multiple time frames will greatly assist you in determining the conditions that are happening in the market. One simple key in determining the time frame is: smaller time frames will always comply with larger time frames. This is important for you to understand. Suppose you find your H1 chart shows the descending direction and otherwise your D1 shows up direction then it is good to wait until both are unidirectional. Or if you are forced to open a position then follow the larger time frame! Because in a matter of a few hours ahead the price will indeed go down but in a matter of days the price will continue to rise and rise!
Money Management
First we congratulate. You have studied the Forex School module and are now up to the last class of this school. Perhaps many of you think much less what I can still learn. I have studied technical and fundamental analysis. Also various other forex practical sciences since the Walking Lamb class. What else? True you have learned so many analysis and techniques of trading forex. And now we're just doing the final touch of our trading. But precisely this final touch is very important. In fact, forex has many factors and variables that should not be missed. If there is one factor that you ignore, say the "X" factor, then it could be the whole of your trading building will collapse because of X earlier. So, consider the lessons of Hunting Fox here carefully because here we start to get into the practical side of forex but in a more macro scoop.
Ok, our first lesson is the so-called Money Management. If Forex is a business, then money management is a factor that determines whether the business you live is a business class "shop" or "professional" business that is also run by a professional. Is not the difference between business class and professional stalls in the governance?
Let's compare it between a grocery store and a supermarket. Both sell basic food, but what distinguishes the two? Of course the supermarket is managed with a neat management and rely on a good system. Not so with an ordinary grocery store that if the owner gets wind and can not come to his store then the store must be closed. And which one is more successful? Grocery store or supermarket? Yes of course supermarket. So, do not do business with the model shop. But run with a professional! Do not trade forex as well
Then how about SL We set 30 points? Would not it be easier to achieve profit while the SL becomes much looser? Correct. But your 3 x profit in 1x loss alone has been even.
Well if Scalping without SL how? This is no less difficult. It will be much easier to achieve profit. But just imagine you have to wait for days because your position is negative floating but when you profit you only take 10 Points only! Is not that strange? The risk that we bear is up to the level of Margin Call where almost all of our funds are lost but the profit we take is only 10 points! It really does not make sense.
Ok it is a variety of trading methods used by traders in the world. It should be understood here that none of the above mentioned trading methods is better than other methods. Each method has its own successful people who have tried the method for years. But there are also losers because of it.
The key here is to find the right trading method for yourself. Try asking yourself how much time and capital do you have? Are you a busy person in your daily work? If yes then join the Swingers. Or if you're happy with an adventure, join Scalpers. No problems at all. As long as it suits your personality then it will be really useful. What needs to be emphasized here is the use of multiple time frames will greatly assist you in determining the conditions that are happening in the market. One simple key in determining the time frame is: smaller time frames will always comply with larger time frames. This is important for you to understand. Suppose you find your H1 chart shows the descending direction and otherwise your D1 shows up direction then it is good to wait until both are unidirectional. Or if you are forced to open a position then follow the larger time frame! Because in a matter of a few hours ahead the price will indeed go down but in a matter of days the price will continue to rise and rise!
Money Management
First we congratulate. You have studied the Forex School module and are now up to the last class of this school. Perhaps many of you think much less what I can still learn. I have studied technical and fundamental analysis. Also various other forex practical sciences since the Walking Lamb class. What else? True you have learned so many analysis and techniques of trading forex. And now we're just doing the final touch of our trading. But precisely this final touch is very important. In fact, forex has many factors and variables that should not be missed. If there is one factor that you ignore, say the "X" factor, then it could be the whole of your trading building will collapse because of X earlier. So, consider the lessons of Hunting Fox here carefully because here we start to get into the practical side of forex but in a more macro scoop.
Ok, our first lesson is the so-called Money Management. If Forex is a business, then money management is a factor that determines whether the business you live is a business class "shop" or "professional" business that is also run by a professional. Is not the difference between business class and professional stalls in the governance?
Let's compare it between a grocery store and a supermarket. Both sell basic food, but what distinguishes the two? Of course the supermarket is managed with a neat management and rely on a good system. Not so with an ordinary grocery store that if the owner gets wind and can not come to his store then the store must be closed. And which one is more successful? Grocery store or supermarket? Yes of course supermarket. So, do not do business with the model shop. But run with a professional! Do not trade forex as well
Komentar
Posting Komentar