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    Thread: How many times we should play for the same currency in a day? (Part 5)

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      Default How many times we should play for the same currency in a day? (Part 5)

      I think if the currency pair has the opportunity to trade properly. we can use it twice a day. for short positions and long positions. I was a beginner and I use the currency pair only once a day. because I do not dare to trade with large volume.


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      well i willnt lie to you that you should only trade a couple of days that will be cheating but when you trade well and follow your system well its all that matters and that will make you rich in trading


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      that is just depend on the analysis that you have make, if your analysis is good and your analysis is telling you that you can open more trade, so you can do more trade too, but if that is not ,just do not open more


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      Quote Originally Posted by GetRichInForex View Post
      Each trader have a own way to trade in this market, we can not know ow many times for that. For me i only open a position when i get a good signal, besides i set stop loss and take profit.
      I think trade one pair will save our time, because we need
      only to make one analysis and we can use our energy to
      concentrade in one pair, this will increase chances to win
      the trade


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      Quote Originally Posted by arubh View Post
      How we should decide to open deals in same currency in a day if it is fluctuating again & again.

      For how many pips we should place TP & SL for such deals.

      We should open & close deals for small pips like 20-30 or we should place big like 100-120.

      What is your suggestion & opinion experts.
      I never play in one currency eachday...I have an indocator that can look up on all 7 major currency in one chart so that i can controll all of them easily..and i know what i should trade by their movement...


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      I think the open position just once in a pair on the same day, but when he's got a good moment, I do Open positions at most 3 times in one day, this is according to my trading style a trader day ..


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      you can open many positions on the same pair daily this depends on your strategy and the profit target you want, as an example scalpers are trading the pair many times during the day because they take few pips in every position they open


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      I only used one time in the same currency pair in a day. because I just simply use the dollar and the euro to trade in the forex market. to replace the currency pair in a day normally I use U.S. dollar and the Japanese to trade I have done in the forex market.


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      if we have the good signal on that pairs on that day so we can make the trading as much as the signal that we give and already being confirm by our analysis, and tat is just depend on the trader to make the limited of it


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      How many times to make open position is depend on your strategy and trading system because each trader have different target every day. If you are short term trader than usually you will use small TP but if are a long term then big TP usually become your choice


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