Aggressive Trading In Forex!

Discussion in 'General Trading Discussion' started by TraderAnalyst, Aug 6, 2019.

  1. TraderAnalyst

    TraderAnalyst Senior Investor

    Joined:
    Apr 2019
    Posts:
    136
    Likes Received:
    0
    Aggression in Forex Trading can be quite dangerous as you get tempted by a trade going high , you wish to buy it but as you start making profit it reverses and you lose! So beware! Don't be aggressive!
     
  2. J_C_Anderson

    J_C_Anderson Senior Investor

    Joined:
    Aug 2018
    Posts:
    125
    Likes Received:
    2
    It seems that most of the traders understand aggressive trading in a wrong way. In their point of view, aggressive trading stands for emotional trades based mostly on greed rather than trading system.
    At the same time, the term "aggressive trading" has another meaning and is widely used by professional traders. Each experienced trader has one or several setups that he knows best. These could be the setups that employ his edge in trading. The main idea is to be aggressive when these setups take place and increase size. If the trader would be aggressive in his best trades, he will improve his performance substantially.
    For sure, it is important to be confident that the strategy is profitable enough. The most simple and efficient way to do this is to backtest the strategy on historical data using special software like Forex Tester. As the result, trader will get a detailed report on the performance of the strategy that is necessary to find out whether it is profitable in long term perspective or not. Be the way, backtesting would be also useful if you are going to make changes to your strategy because it provides accurate information on the impact of such changes on the profitability of the strategy.
    That is why aggressive trading as an approach could be positive for the trader if applied properly. At the same time, all aggressive trades should be made strictly in accordance with the rules prescribed by the strategy otherwise it may turn into the gambling.
     
  3. Brentwood

    Brentwood Senior Investor

    Joined:
    May 2020
    Posts:
    227
    Likes Received:
    132
    The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
     
    • Like Like x 1
  4. Benigna Mazzi

    Benigna Mazzi Senior Investor

    Joined:
    Jul 2020
    Posts:
    966
    Likes Received:
    11
    If you want to start trading in the forex market then you should keep patient in yourself. You should always keep calm yourself in the forex market. Aggressive in the forex market may face you a large number of losses. You shouldn’t be aggressive in the forex market. I trade with Eurotrader. They are one of the best brokers I have ever worked. They never make disappointment to their client. They provide minimum spread and maximum leverage.
     
  5. Lindsey J. Crosby

    Lindsey J. Crosby Senior Investor

    Joined:
    Jul 2020
    Posts:
    773
    Likes Received:
    3
    Any sort of aggressiveness is terrible for trading. Psychology expect the most indispensable piece of forex trading. Being intense doesn't mean using tremendous stop setback or so far as that is concerned using no stop disaster. Moreover it doesn't mean entering many trades without a moment's delay and closing the ones that are in advantage and let the ones that are in negative stay open, I will term that sort of trading as rash trading and this kind of trading can't make benefits. I trade on Eurotrader broker, an ECN broker that has very low spread and flexible leverage from 1:50 to 1:500. It's very scalping friendly.
     

Share This Page