Learning The Art Of Simple Trade Management Technique

Discussion in 'General Trading Discussion' started by Jack Smith, Apr 18, 2019.

  1. Jack Smith

    Jack Smith Member

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    We all would think about the currency trading business is critical. But it is not actually that much like you think of it. There will be some good performance with the business of trading with minimal setups. Even the proper management of the trades will be good with minimal maintenance. Because the trades will have to be very less problematic to the trading mind. It is necessary for the trading mind to relax. And that is because there will be a lot of working process for the trades. We are not talking about yourself being too busy for the performance.

    We are actually talking about managing the right working process for the trades with some good management. It is necessary for the traders to maintain the right executions of the trades. And while you are at it, there will also have to be some good thinking of the performance with some good closing. It is decent enough for some quality trading performance. And when we are going to do the right work like it is mentioned, there can be some good income too. It may sound surprising to hear, that there will not be too many winning trades for anyone.

    We all have to maintain the trading quality

    The more you can focus on the quality of the trading, the better it will be for some good income. And that is not so hard for the traders to maintain. All we have to think about is some good quality trading performance. It is simple to manage by all of the traders. Think of it like this, there will not be any good income without some proper executions of the trades. And for that, the position sizes will have to be right. Then there will also have to be some good thinking of the trading management. Even the proper trading method will have to be on the count. Only then, the right performance can be thought to be managed. The traders need to think in the right way for that.

    Using price action signals

    Price action trading system is often considered as the simplest way to find great trades. You might be wondering the professional traders in Hong Kong uses EAs and bots. But if you do some digging, you will notice one thing common in most of the successful trader. They use reliable Japanese candlestick pattern to execute quality trades. Being a price action trader you should visit https://www.home.saxo/en-hk/ to ensure precise price feed and free access to the robust trading platform.

    Think of the possibilities of losses

    One way to set the mindset for the trades is to think about some good possibilities. There is only one for the retail traders. And it is nothing but losses. Do not worry, there will not be too much if you can think of the right business plans. We are talking about more focus on the quality of the trading performance. It is necessary for some good performance in the business to get some good results. But it is unfortunate that the traders cannot think about improper aim with making money concepts. It is not going to be good for the business in Forex. And most importantly, you will lose a lot more capital than it is possible to think of. So, there will have to be some good management of the business with a better perspective.


    You need to sort out the right way

    In the process of currency trading, we all have to maintain the right kind of performance with the utmost performance. We are talking about some good thinking of the trading business with proper setups and trading approach plans. First, there will be a risk to reward ratio. Then there will have to be some sort of market analysis. And the last of them all, the traders will have to manage the closing of the trades.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    I use two very simple techniques:-

    Run your winners - increasing your stop loss limit as they rise
    Cut your losers - if a share price falls through you stop loss limit then sell and move on
     
  3. Brentwood

    Brentwood Senior Investor

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    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]
     
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  4. Lisa Maria

    Lisa Maria Active Member

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    A trader should follow some rules while he is trading in the forex market. He also should have enough knowledge about forex. Low knowledge can be the cause of lost his capital. My advice for all traders to learn all the tools and techniques of forex very properly before starting the trade. Trader can get knowledge from so many sources. On the other hand, He has to know what should trade and when should trade. They can take advice and suggestion from AtoZ Markets. They help me to take decision at right time on right place. I love them because of their huge news and information about forex and cryptocurrency.
     
  5. Hari Rastogi

    Hari Rastogi Active Member

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    The effectiveness of your trade management technique can be measured with the quality of entries and exits. Late entry and exist is one of the fundamental problems with traders which is a result of lack of confidence in trading technique that causes you to make a hasty last minute entry.
     
  6. Linda Smith

    Linda Smith Senior Investor

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    Knowledge is the main strength in forex market. There is no use of capital if you don't have any knowledge. A trader need to get all kind of knowledge about forex before entering into the market. So, it is very important to gather knowledge. A demo account can be the best option to get knowledge about forex. I also used a demo account of Tpglobalfx when i started my trading career. That account helped me to get all kind of knowledge about forex and helped me to make what i am today.
     

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