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[Razor1911]

Whenever we trade in forex, our main intention is to make profits. All our research, planning, analysis are surrounding to the profits only. The ultimate goal here is to earn considerable amount of profits.

But as experts says, the best strategy sometimes is not to trade at all. Market every time doesn't give opportunities. You need wait for a perfect signal to be able to enter into the market. And that is why it is said that it is better sometime not to trade at all, and wait for a proper signal.

 

[LutherKing]

Well you are Right , Take any market where it is Crypto or forex , if you have patience and passion you can succeed with continued efforts to be honest

 

[CyberPreNurse]

Being a forex trader does not mean one should always trade in the market, but we ought to always wait for a perfect entry point before deciding to go into the market so we don't get burnt through losing.

 

[BullyMaguire]

Yeah i agree with this.. patience is a must in trading. Just because we call ourselves a trader doesn't mean we need to do it without any thoughts

 

[Ranamal]

Yes holding on for some time is not a bad thing, untill then we have to know about the market how is it going on, and then go for the trade at the right time to make some profits

 

[a_jerobon]

That is very good idvice. Sometimes it is truly best to stop trading and just wait till you get the perfect signal. That will give more profits than when you trade without checking signals.

 

[ashim kate]

It might sound particularly funny but that is the absolute truth. There is no rule that you must take two to three or 5 trades in a day. The most important thing is to make money and you are not going to be so successful in that if you are always wanting to be entering into every position. You should focus more on efficiency.

 

[Kubiat-Abasi]

Honestly, I agree with you, at times the best strategy is not trading at all that is why I adopt the swing method of trading in Forex. I don't spend my whole day reading curves and charts. The best way to avoid indecisiveness well trading is to map out a plan which is realistic and achievable. Also, you could adopt Stop loss tool which is needed the most while trading. Another alternative is the trailing stop loss. It is the best tool I have seen for trading. It is an auto adjustable stop loss which moves according to the price movement and the value set for it by the trader. I have been trading for over four months and I adopt the restriction to save my money. As a trader, you need to understand that there are big risks in trading.

 

[ashim kate]

When you are beginning to become mature in the forex market you will notice that it is not every trade and set up that you see that you must have to take. You are going to add a lot of things to your entry triggers and that is definitely something that is going to be of advantage for you because you are going to be having more winning trades.

 

[dorcasy]

Whenever we trade in forex, our main intention is to make profits. All our research, planning, analysis are surrounding to the profits only. The ultimate goal here is to earn considerable amount of profits.

But as experts says, the best strategy sometimes is not to trade at all. Market every time doesn't give opportunities. You need wait for a perfect signal to be able to enter into the market. And that is why it is said that it is better sometime not to trade at all, and wait for a proper signal.

You have said it all,trading every day and Everytime will always give you false representation of the chart as well as false signals.
You might be tempted to make an entry even when there is no opportunity.
The experience traders I have met trade few times a week and don't spend more than 3 hours on chart.

 

[Kubiat-Abasi]

You have said it all,trading every day and Everytime will always give you false representation of the chart as well as false signals.
You might be tempted to make an entry even when there is no opportunity.
The experience traders I have met trade few times a week and don't spend more than 3 hours on chart.

You're right as well. At times it's just ideal to adopt the swing method of trading, where you trade and take in-between breaks or skip some days and clear off your head. Remaining in the market at every slight opportunity is not always a good strategy because you could start mixing or misinterpreting the charts due to excessive burnouts.

 

[dorcasy]

You're right as well. At times it's just ideal to adopt the swing method of trading, where you trade and take in-between breaks or skip some days and clear off your head. Remaining in the market at every slight opportunity is not always a good strategy because you could start mixing or misinterpreting the charts due to excessive burnouts.

If people focus on swing trading they will enjoy forex trading and that's just the fact,you just mark out resistance and support zone as well as reversal point and allow the market to come to you.
Before I start trading live I have always focused on scalping but it makes me stress myself and look at the chart always,so I had to change style.

 

[Kubiat-Abasi]

If people focus on swing trading they will enjoy forex trading and that's just the fact,you just mark out resistance and support zone as well as reversal point and allow the market to come to you.
Before I start trading live I have always focused on scalping but it makes me stress myself and look at the chart always,so I had to change style.

This is true. Although I'm not yet into Forex trading and cryptocurrency trading, I still use the Demo app to learn the trading activities at my own pace. I realized that atimes it's better to leave the site completely to avoid trading on the bad side. You just need to have a good entry point to ascertain a good exit point point as well. Trading is actually tedious and interesting as well.

 

[Kennysplash]

Time management is very important in trading. Every trader must know that it's not a must to trade everyday or multiple times a day. You have to enter when you know the market looks promising. There are times when you are not really sure, it's best you just off your computer and do something else.

 

[Kubiat-Abasi]

Time management is very important in trading. Every trader must know that it's not a must to trade everyday or multiple times a day. You have to enter when you know the market looks promising. There are times when you are not really sure, it's best you just off your computer and do something else.

Exactly, atimes as a trader, you have to wait or exercise patience in trading and wait for the perfect time until you receive a signal. It's not a complusion to trade every single day as this could be interesting to you but a dangerous zone of trading as you'll get burnouts and easily. Trading every minute is not a guarantee to maximizing profits or vice versa.

 

[Kennysplash]

Exactly, atimes as a trader, you have to wait or exercise patience in trading and wait for the perfect time until you receive a signal. It's not a complusion to trade every single day as this could be interesting to you but a dangerous zone of trading as you'll get burnouts and easily. Trading every minute is not a guarantee to maximizing profits or vice versa.

It does not guarantee profits at all. It is not how many times yiu trade that matters, it is how well. Someone can trade many times in a day and still not make the profit of someone that traded just once. Trading should not be forced in any way, it will bring negative results.

 

[dorcasy]

This is true. Although I'm not yet into Forex trading and cryptocurrency trading, I still use the Demo app to learn the trading activities at my own pace. I realized that atimes it's better to leave the site completely to avoid trading on the bad side. You just need to have a good entry point to ascertain a good exit point point as well. Trading is actually tedious and interesting as well.

The number of hours and time you spent looking at your screen can have a repulsive effect or outcome in your trading,it's important to look for setups and strategic pattern but if you remain in one spot aimlessly you will begin to see so many wrong signals and that can affect your trading outcome.

 

[a_jerobon]

When you are beginning to become mature in the forex market you will notice that it is not every trade and set up that you see that you must have to take. You are going to add a lot of things to your entry triggers and that is definitely something that is going to be of advantage for you because you are going to be having more winning trades.

That is very true. As you mature in trading, you realize that sometimes you don't have to trade at all but can take sometimes off. You learn that sometimes you just need to take time and learn new strategies. Or you may notice that you don't have to trade this time because you can get caught up and make losses. It is takes so much wisdom and skill to know when to trade and when not to.

 

[Kingsleyy]

Whenever we trade in forex, our main intention is to make profits. All our research, planning, analysis are surrounding to the profits only. The ultimate goal here is to earn considerable amount of profits.

But as experts says, the best strategy sometimes is not to trade at all. Market every time doesn't give opportunities. You need wait for a perfect signal to be able to enter into the market. And that is why it is said that it is better sometime not to trade at all, and wait for a proper signal.

If people are learning how to trade they should also be taught how many trade they can engage and when is too many , spending a whole day trading cryptocurrency may not even be the best because you may be tired and you may not be able to predict or give accurate prediction of how the next movement will be

 

[GoldenLady]

Learning when to just stay out of the market is very important in trading. This is the best way to get a clear direction of how the market is behaving, when and where one should place an entry and also, the best place to take profits and exit.

This skill though, is probably the hardest to learn and takes time.