It all comes to the reasons why to take your trades…
It needs to be a sound reason, you need to have a methodology so you can determine what risks to take and which ones to avoid…
You cant take a trade because:
- You simply thought the market was going up
- You followed some one else’s advice
- You got influenced by a market analyst
- You saw the oil price moving up, etc
The idea is to get in a trade when the odds are on your favor, when the likelihood of the market of moving in one direction over the other is greater, when you’ve got a either, a very good profit potential or a good accuracy factor…
You see what I’m getting at?
So here is the reason why I decided to trade the EURUSD…
breakout, EURUSD, strategy
I know some traders use technical indicators (overbought/oversold, Divergence, etc), formulas (pivot points, Fibonacci, etc), even moon cycles to predict market turns…
But I use a more simplistic approach.
market turns, simple, strategy
Hello Traders, how is everything with your trading?
In the last couple of months, the volume has been low, and its not that it is more difficult to trade, but you need to adapt your strategy, and trade accordingly.
liquidity, low volume, range, strategy
Look traders, the moment you think you have finally figured out how the market works, it changes its behavior…
And that’s the reason we always need to be adapting to the market conditions.
In fact, I believe that it is the single most important aspect of trading, not only forex, but all other markets.
AUDJPY, EURNZD, nzdjpy, ranges, strategy
There are plenty of strategies out there in the internet, some of them are good, and some others have negative results on our results.
There are even some strategies that are good for some traders, and bad for others.
That’s how trading is.
Today I want to talk about one strategy in particular: Partial profits.
Have you used it? At one point I did use it, until I realize it was hurting my trading results.
So here it goes.
partial profits, strategy
Hey trader, did you trade the Non-farm Payrolls report?
Its been a while since the last time I saw the NFP report having a large impact in the market. Could it be that the market conditions are different now?
For instance, most traders think this report (NFP) is the most important one, but in the last couple of years, I have noticed the FOMC statement has had the most impact of all fundamentals, including the NFP report…
Do you agree with me?
Or have you noticed something different?
Anyway… Please share your thoughts in the comment section!
Now, on to my strategy…
I’ll share my strategy with you
Look, I’ve been sharing my analysis with you for quite a long time now, and I’ve been doing it because I wanted to help you make better trading decisions.
forex, markets, strategy, trading strategy