This will be my first article here on Dukascopy and I hope the information will benefit you in the future.
As we are a community you can feel free to ask me any question, I will do my best to answer them all quickly. This also means that if there are multiple members who would like me to talk about some specific subject in a new article, please let me know.
In this article I will talk about multiple ways that will help you prevent overtrading, entering trades at exactly the wrong time and the use of different chart perspectives.
When I just started trading I found myself entering a lot of trades because I liked the price action and I thought my position would benefit me. Sadly all my losing trades showed me I didn’t had a clue about price action after all, this resulted in many loss trades or profitable trades which I closed way too quickly.
I think most of you who have actively been trading can relate to this.
To stop myself from opening trade after trade without being well informed and having any clue I started paying attention to the following: