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27/59
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Dear Valuable Reader,
Me and each one of you should take attention for some few points to reach the successful trading, Specially If you are not a full-time trader. I am working in a company for 8 hours daily, have no proper time to analysis and to get the best from the forex market! In the beginning of my forex journey I asked myself a lot of questions, Like: What should I do to organize myself? Are there a difference between a part-time forex trader and a full-time one? What kind of trading style should I use? short-term or long-term trading? What is the best for me? and If I use both, What should I do?
Thus one can be a part-time trader on both a long term and a short term basis, but with different options available, and differing approaches being necessary. A part-time short term trader must follow a purely technical approach and apply money management methods with rigor and discipline. In this case the time of entry does not matter that much, but we should avoid periods of high volatility. As such, the part time trader would probably thrive when the market is calmer, trading is subdued, and technical factors dominate, a scenario that is most often encountered towards the closi…
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Vlad73 avatar
Vlad73 31 Mar.

well done

FXRabbit avatar
FXRabbit 31 Mar.

Good article!

Verona888 avatar
Verona888 31 Mar.

Nice!)

SikmaN avatar
SikmaN 31 Mar.

Успехов!!!

Helena1989 avatar

Супер успехов

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15/69
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Qualities that qualify you to become a long-term trader in the foreign exchange market

Different types of traders in the foreign exchange market, there is a speculator who is to enter a lot of deals on short time frames like a minute or five minutes or quarter hour. There are daily trader who accessing of a deal to three deals all day long on the half hour or hour, or four hours at most. Finally there is a long-term trader, which set our attention today.
Long-term trader in the forex market:
It is who is to enter into a single transaction continue for several days on a long-term time frames ranging from the framework of the four hours and daily, sometimes weekly. People resort to this type of trading in light of the lack of time allowed him to observe the graph much. Often have this kind of traders to have full-time jobs, they do not have time to monitor currency pairs often, but these traders have a love Viewing events and global economic developments, which helps them to enter trades in the long term.
Qualities that qualify you to become a long-term trader in the currency market:
- If you're a human being patient.
- If you do not care about or feel nervous when there are open po…
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ztraderindex avatar

its hard to qualify to become a successful must control your emotion and be patience

Ruteale avatar
Ruteale 30 Dec.

good advices..nice job!

WallStreetBlog avatar

Articulo muy útil!!

Natali_Niyazova avatar

very well done my friend!

VictoriaVika avatar

good!

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22/38
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Entries"Best-trading" involves waiting for really good trades & not being lured in by sub-standard ones. A lot of traders get frustrated when they miss trades, they think "Oh, I could have made so many pips here & so many pips there", & then they get overly aggressive with their entries, which invariably leads to many terrible entries & likely, many losing trades, which lose them enough money to put an end to their "trading-business".It's best for a trader to NOT fall into this trap that so many fall for. So it's important to realize that it's OK to miss trades, you don't have to take every trade that comes your way, especially, when making only 100 pips a month is sufficient to make you rich! Learning to wait for the best trades will ensure long-term success.SLWith best-trading, you are basically looking for a "confluence" of several events, it could be several MA's or several oscillators or a combination of MA's & oscillators, S&R on multiple time-frames or whatever else you use in your strategy, these "confluence-points" usually form some of the strongest zones of support & resistance, which would rarely be broken without allowing you to lock in a few pips with the help of a con…
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alltrade avatar
alltrade 24 June

Thanks, Skif :) Thanks, xtrader360 :)

xtrader360 avatar
xtrader360 26 June

+1

alltrade avatar
alltrade 26 June

Thanks again, xtrader360 :)

lincolnppl avatar
lincolnppl 27 June

Complete. Fine, remain so informative. Have the best! +1

alltrade avatar
alltrade 27 June

Thanks for the appreciation, lincolnppl :) Read Part 1 as well if you like, the whole thing will make a lot more sense. Thanks :)

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6/38
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Start your Windows built-in calculator. Type 1000 in it, then click *, then type 1.1, then click on =, you'll get 1100, now click = for the 2nd time, then for the 3rd time & so on; by the time you click = for the 12th time, you'll see 3138, then 9849 by 24th click, 30912 by 36th time & 97017 by 48th time - what is all of this? This is just to show that a mere 10% per month, compounded, can turn $1000 into nearly $100,000 in 4 years (of course, much more down the line).Well, you might say that this is nothing new, & you might have seen & heard of such things before.....of all the riches that Forex-trading has to offer! I'll agree, & "compounding" is probably the biggest magic-word used in this business to make it seem as though all the riches in the world are within one's grasp. But rarely is a systematic, long-term approach to acquiring such riches is deliberated upon or described, & I hope to do exactly that in this article.The most resounding point I would like to make in this article is that even though 90-95% of the people lose in this business, it's NOT because being profitable is so difficult, it's NOT because they can't make good trades but rather it's because they take too …
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xtrader360 avatar
xtrader360 26 June

Nice article

alltrade avatar
alltrade 26 June

Thank you, xtrader360 :)

clau avatar
clau 28 June

well writen

alltrade avatar
alltrade 28 June

Thanks for the kind words, clau :)

Maria_r avatar
Maria_r 26 Oct.

very iteresting! +1

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