Forex Trading Signals – Is more better?
Forex Trading Signals - Are more better?
Its great to wake up and check your computer to see your that Forex Trading signal netted you +53 pips. It appears this has been happening alot recently, since our strategies work best in a volatile market. I am often asked by new traders or traders who are failing...How can I make money each and every day in the market? The simple answer is, the markets just do not work this way.
The markets are the markets! We are not in control, they are. Since they are in control, we must understand that a Forex Trading Signal may come our way, but we should never expect it to arrive by a certain time. Remember, we are not in control. I notice many clients who fail miserably at trading often tell me of their previous careers where they did so well as a Doctor, or Lawyer, I have noticed they may sometimes gain a false sense of self confidence learned by their high positions in academia. The fact of the matter is the market does not care if you have a PHD or a GED! You lose if you do not follow certain rules in trading and thats that! In my short time trading for prop firms on Wall Street I have seen Ivy league school grads follow College dropouts in trading. The markets do not care remember this and write it on your computer with a sticky!
Forex Trading Signals are as good, but markets determine the quantity
The strategy that you use in Forex Trading will determine how many trades you will take in Forex. If you are a scalper looking for 10 pips, then you will be entering more trades on average then if you are a daily chart trader. The bottom line is if you are trading a long term chart or a short term chart be sure to choose you trading style according to your personality. If you are the type of person who does not mind sleeping on a trade, then by all means trade the daily chart. If you are the type of trader that does not like to hold overnight, then you should be looking to trade on the lower time frames.
- Posted by fx_Trader
- On October 22, 2014
- 0 Comments
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