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    Thread: Trade only when you feel there is a trade (3)

    1. #21
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      Quote Originally Posted by Mkape View Post
      A good trader should not trade just for the sake of opening a position, a good trader should take a reference from his strategy so as to decide whether to trade or not, analysis of the market is very important in that it helps a trader to decide the risk factor
      You should make random trades without any evidence you should take decision when your trading strategy tell you that it is good chance and you should select the best timing and think carefully before take any action because the profit chances always present and you should avoid the high probability of loss

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      We shouldn't just trade based on feelings because most times we will be misguided, the strategy we make use of should be our trading compass, if at any point you go against it, just know that you have put a crack on the wall of your emotions, and it will gradually lead you to sinking eventually.
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      If you analyse the charts properly, you will know if you are supposed to trade or just forget about trading for that day. It is not every time that a trader must place a trade. You are not supposed to be losing but making profits. So if there is visible signal, don't trade.
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      Hi friends. Definitely you should not take a swing at every trading opportunity. You should be patient and wait for a perfect opportunity to trade in Forex. You should stick to your trading plan and make sure not to trade against your trading plan. If you stick to a proper trading plan, you will not be dissapointed.

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      trade when you feel to trade may lead to positive or negative action on the forex platform. forex trade has a protocols to follow for every successful trader on the forex platform. learn to follow forex trade calendar.

    7. #26
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      A good trader only trades whenever there is a good trading opportunity in the market and not whenever a candlestick pops out, doing so is what gives good and more consistent profit in the market. So a trader needs to take time and learn so that he can be able to develop a good trading strategy which will help him to know when there is a good chance in the market to open an order.

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      The Forex market works 24 hours everyday and five day a week but that does not mean the market is tradable every time , trading all the time means we want to lose money. A good trader trades only when he is likely to win and that is based on the set strategies which does not come all the time

    9. #28
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      Yes there is a need to open an order after a complete analysis of the market and after a complete satisfaction that the open order will give a definite profit. If the analysis is giving fifty and fifty signals of profit and loss then the trader should not open a trade and should wait for the better entry position.

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      Trading must be systematic that is why we are creating a trading strategy with specific trading rules that must be followed consistently, but most of us cannot follow the strategy we make and even dont follow proper risk management approach that can even worsen the situation.

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      Yes, this is true that we should wait for the best time to place the order at the exact point when the trading position can give us a positive result. We should analyse the market to get the best place to open the trades. We need to have enough patience to wait for the best time to open the trade in the best place. We should not rush to make money in forex, we should better take it as a long term business career.

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