Scalping or short-term trading is a trading strategy that the trader will trade small profit but in high frequency, maybe 10-100 or more times daily. It is based on the notion that a currency is very fluctuate, so it would be better to take small profit from small movement than to take large profit.

Author Topic: Self coaching for Forex trader Part 1  (Read 1846 times)

Newswire

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on: August 14, 2018, 11:50:08 AM
Self coaching for Forex trader Part 1

In this series of two forex education webinar video, we will talk about evolution of a trader. How to build your learning plan? Is it better to have performance goals or process goals? What tools can be used for tracking your success? What are common fallacies of self-coaching and how to turn to more realistic understanding? How to shorten your learning curve in trading?

Many traders try to take somebody’s trading system/method and generate profit with that. However, trading requires something more than this. It is both combination of knowledge and skills. Many have knowledge, but lack skills and vice versa.

For watching this video you should have at least one trading account. If you are not. Get a trading account for free here!




Rickfap

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Reply #1 on: August 21, 2018, 03:52:53 PM
Thank you. sir



Vaxea

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Reply #2 on: April 24, 2019, 05:08:23 PM
I like this forex tutorial.



Juuia

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Reply #3 on: July 16, 2019, 04:55:09 AM
Im certain youve read this in every one trading photo album youve ever picked taking place. My definition of discipline is to determine your exit strategy forward you enter the trade. As soon as you put a viewpoint in this area you should moreover enter your decrease loss and decline profit orders. If you do that you will not be tempted to second guess yourself. Ive seen too many traders enter a position, watch it impinge on in their favor to their profit object but never close the trade. The undisciplined will reveal this can go association; I dont sore to bow to my profit now. Once the trade does reverse they will be reluctant to close the trade until it goes urge approximately to the highs, thats past profits tilt into losses. Ive moreover seen trades excite to the subside loss reduction and the trader will declare Im going to meet the expense of this another 20 pips in the past I muggy it later they pronounce it taking into account more and considering more and again. The primeval axiom regarding the trading desk was your first loss is your best loss. Yes, sometimes waiting is the prudent decision but if youve ended your homework and within gain an exit strategy for both profits and losses you will be much augmented off in the long control.



Hfax

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Reply #4 on: August 01, 2019, 12:31:03 PM
The foreign quarrel expose works through financial institutions and operates upon several levels. Behind the scenes, banks perspective to a smaller number of financial firms known as "dealers", who are in force in abundance of foreign argument trading. Most foreign dispute dealers are banks, therefore this at the rear-the-scenes puff is sometimes called the "interbank market" (although a few insurance companies and auxiliary kinds of financial firms are involved). Trades along surrounded by foreign argument dealers can be enormously large, involving hundreds of millions of dollars. Because of the sovereignty event following involving two currencies, Forex has tiny (if any) supervisory entity adaptable its proceedings.



 

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