More than 10 years of ongoing trading experience shows me very clearly that it is impossible to get consistent results by guessing the market. Instead of trying to guess where the market is heading, I trade according to what the market tells me. I try forex identify the market condition and base my trading on this condition.
In other words, I always adapt my strategy to the specific market condition, and never expect the market to adapt to the way I trade. The problem is that most indicators are a simple formula applied to price close, open, high or low for a determined period of konsisten. This can indeed tell us how the market has behaved during this particular period of time, but believe us strategi this has nothing to do with the future behavior of the market.
The market itself tells me to enter it when it has a higher probability of heading in one direction over another. It is a simple and objective trading methodology that can help you get consistent results. Konsisten accuracy of the system refers to the number of positive trades over all trades for a chosen period of time. But there is one slight problem — we never have control over the accuracy of the system.
The market decides whether it is going up or down, so that the accuracy of the previous 10 trades has nothing to do with the accuracy of the next forex trades. Instead of trading konsisten on a good accuracy I trade based on a good risk reward ratio RRR. When I base my trades on a good RRR, I can have the same amount of winning and losing trades and still get good trading results.
This way I will not depend on the accuracy of the system to get consistent results. Additionally, it enables stress free trade. At the beginning of the day I end forex with a short term and a long term trading plans. This helps me create a very well structured plan and trade with more discipline.
These are aspects of trading which are frequently forgotten, though they are very important I would forex to say that they are even more important than market entries. Risk management refers to the methodology we use to define how much to risk strategi each trade. Money Management refers to the methodology we use to determine how large our next trade should be position sizing.
Trade management is how strategi manage our trade once we are already in it partial profits, pyramid in, etc. Home Community Coaching Blog Education About Contact.
Trading Planmy system allows me to develop a trading plan for each day: Trading plan At the beginning of the day I end up with a short term and a konsisten term trading plans. Trade, strategi and money management These are aspects of trading which are frequently forgotten, though they are very important I would dare to say that they are even more important than market entries.
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