What is a good number of trades to make in a week?

Discussion in 'Forex - Currencies Forums' started by tskier01123, Apr 7, 2016.

  1. tskier01123

    tskier01123 Member

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    I know that is very dependent on the market at any given time. But, given the proper planning and a good strategic outlook, given good market conditions (not the best, not the worst), what do you think a good amount of trades on the FOREX market would be? My own personal opinion would be about 3-5 trades, unless you're swing trading and then maybe 5-10 in a day? I don't know it just seems like it could be dangerous putting a lot of trades out there. Sure you have more chance to make money, but I would think you have more chance to lose money too!
     
  2. radex78

    radex78 Senior Investor

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    Usually in my plan trading only open one or two order in my trades, and often work as intraday or swing trading strategy, and in every trades only choose one pair or maximum two pair to traded and trade only one or two position, and if not yet clear all position even get loss or profit, still hold to open new entries
     
  3. remnant

    remnant Well-Known Member

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    I hold that about 5 times would suffice for a pattern day trader. This form of day to day trading is very risky and can result in quick losses. The major disadvantage is that it attracts normal tax at the rate of 35% on profits as opposed to capital gains tax which is pegged at 15%.
     
  4. radex78

    radex78 Senior Investor

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    Loss in trading already become part in forex business, but if any trader they can only trade which the trend market clear movement and move on strong trend market, hence making profit will seems easy, but required good understanding with the market to recognized strong movement also patience of course
     
  5. 111kg

    111kg Guest

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    It depends of your strategy. For instance, if you approach the scalping strategy, you are supposed to tens or even hundreds of trades per day, but only for a couple of minutes or something like this. The goal is to make money, but not to hold anything for the next day.
     
  6. radex78

    radex78 Senior Investor

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    Not all trader will suitable work as scalping trader, this strategy required fast connection internet and also more concentration during trades, and choose broker that allow scalping with good service and rarely happen requote problem because they will open and closed order instantly, if stress use scalping better use swing or intraday plan trading
     
  7. flourish2post

    flourish2post Member

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    I can't really give an actual number of trades to be executed per day.
    All trades should be planned before execution.
    Before opening a trade, ensure that your trades are not exposed to too much risk. The positions should not be correlated.
    Also consider the percentage of your account to be put at risk on open trades.
    If the above are well considered, one should not worry about the number of trades to execute per day.
     
  8. radex78

    radex78 Senior Investor

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    Yes as trader we can trade according our own plan, but if we can making trades on effective timing which we get good momentum to open trades hence although we made one trades a day it will more effective than aggression in trading.
     
  9. manoharb

    manoharb Senior Investor

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    Prefer Pair Trading, Buy USDJPY (on every dip) and Sell EURUSD (on every rise)
     
  10. radex78

    radex78 Senior Investor

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    After new president america announced, which Donald Trump as winner candidate, then making the market being big volatile, on polling survey shows if Clinton win than Trump and market hope will get same result like as on the polling, but in fact Trump as winner and trader take action using this data s trigger
     

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