Top 10 Forex Technical
1) Be realistic ... stop hoping
The first thing you must do if you want to become a Forex trader master, has become realistic about how much money you can make given the amount of money you have available to trade.
2) Follow the news
If you intend to manage your money correctly trading account, and you have a relatively small account, you simply will not "get rich quick" or be able to quit your day job anytime soon .
3) The trade daily charts
One of the most widespread evil that traders try to force their will that the market is by trading small time frames ways.
4) Set up your charts
Trade patterns are more accurate and relevant highest in time you go. I found focusing on the daily charts and trading less.
5) Understand lque "less is more"
This point goes hand in hand with delays higher trading but it is worth discussing on its own because many traders on trade and market variables over-analyzing.
6) Reduce time
All you really need is a simple but effective Forex trading strategy and trading psychology proper to make money in Forex. There really is no need for on-trade, over-analyze, or generally over-complicate the market.
7) Plan and track
Planning and monitoring your trades with a Forex trading plan and a Forex trading journal is essential to maintain and support the proper forex trading psychology.
8) Consider the trend
Before entering the market. Magazines trading keep you on track and keep you accountable; they are essential to see how your discipline pays off over time.
9) Know what you want ... no doubt
The last tip to help you become a calm and confident "master" trader is to truly master a trading strategy so you know probably what you need on the market every time you open your charts.
10) Stay calm
In essence, you should have your control at the point trading strategy to know very quickly whether your advantage high probability trading is now, if you have to sit and watch the charts for hours each day.
