Why do Forex traders use so few tools and how can they profit from it?
If you’re someone who trades a few instruments in almost instruments, let’s get into this lesson, let’s get into this whiteboard lesson, you can make money when you’re not retailing all of Ronnie if you’re called Ronnie, nothing against you but the name just fits, Your mentors have washed it right, all you have to do is bring that out again with another whiteboard, so mark what we were shooting for today, and you’ll make money when you’ve never heard it before.
Why do Forex traders use so few tools and how can they profit from it?
Retail traders are always on the wrong side of the market you hear all that but what this episode is about and what I’m going to do I’m going to show you a little bit of the whiteboard stuff and then I’m going to go over to the charts and share some things in terms of where you might be getting caught up a lot, you need to put this in Its place so you understand how not to fall on the wrong side of the market.
Now I’ve done a few little things on the blog before about that but I don’t think I’ve ever explained it in such a way that I think it could be really valuable, so it doesn’t matter how you trade, it doesn’t really matter, this will actually be valuable to you how You trade matters, so if you are someone who trades one or two instruments, especially if they are based on the US dollar, this will probably help you more than you thought.
Top forex time frame for trading
So imagine you’ve got that range right, this is the higher time frame let’s say this is the daily right so you have a bigger range of the daily swing that you need to think about basically who’s leading the market and the big fund institutions and so on, you know Leakage But it’s really important from a positioning point of view to know what that looks like, that simple.
This is our strategy I want to be able to identify who is moving the market and what it looks like, that’s it and I want to ride the wave of those ranges or trends and that’s in a nutshell how simple it is so I don’t want to over-complicate this part so what happens in between you have to look at where it lies Your advantage, where do you get a competitive advantage from, well, you know you can’t move the market, let’s say you’ve got moves like this that you can’t particularly influence this big candle that you can’t influence.
Can retail selling affect the Forex market?
All kinds of clues and it doesn’t really matter how these clues have been presented for retrading for a while, I actually did more than one article on the blog not too long ago and that’s why market structure is king or something like that because you can’t argue with structure. So what I want you to do is think about who is moving the market.
How do I determine the format of group trading in Forex?
I call this part A to B, that’s all I care about but then I use positioning to help me, so let’s say for example, you’re someone who trades a lot of USD-based pairs.
Let’s say you’re trading the euro against the US dollar you’re trading on, we call the Australian dollar, so we’ll be dealing with the cable US dollar as well and we’ll be adding to the mix we’ll be adding the Kiwi dollar to the mix right, so let’s say you’re trading this combination and you’re also looking at the day, so the day which is I think most people neglect it, this is the point where you neglect this 1000%.
Why is the Forex market considered fractal equations and magnified to time frames?
Least of all the problems is what I find though is that these same individuals who are only trading one or two instruments are actually doing some great trades like really good trades and then when I look at the magazines I feel like you’re doing a lot of good stuff is in between the draws. Continuous and large fluctuations depend on these periods.
When it’s good it’s good but when it’s bad it’s really bad, they lose all their funding so for me I look at this as a red flag too, if it’s good it’s really good but when it’s bad it’s really bad, well, is You can deal with the really bad thing because the really bad thing is that you lose all your funding, and that to me is not really sustainable.
Number of Forex Trades Per Individual in the Market During an Uptrend
I can almost guarantee that you will not allow the winners to be nominated when you do not know the percentage and this is the evidence here, the evidence is let us say for example that your average trade is profitable at 2%, you indeed get 2 to 1 if your average trade is 2 to 1 and you look To your winning trades and I want you to look at all of them, let’s say you’ve got 10 winning trades.
I don’t know 50 exchanges more than 90 days anything that the example size of the information is I believe you should take a gander at that large number of winds and study those breezes and I maintain that you should perceive how well you’re doing in them contrasted with what you’d get assuming you were creating wonderful gains, assuming you were scaling everything, This article isn’t reasonable for you, so everything is good to go for you.
Are you in a state of constant withdrawal in Forex?
If you constantly do that, you’ll be back in the draw again and again. There’s probably a problem with this, you don’t know how far your winners run, so if your average winner is running, let’s say there are not even any Pie numbers in The Sky, let’s say it’s 5%, I’m not saying you have to get the full 5% but if you’re taking partials and you’re not letting those winners run and you’re constantly drawing, there’s a problem so you need to fix that.
So the primary resource is simply going through example exchanges like I told you and afterward, you’ll figure out now, that there’s one more part to this which is more from a specialized viewpoint and show it on the graphs in a moment.
Summary
There’s a technical point of view that your lack of value is screwing you up, so it’s all about committing to the market. As I said earlier, my goal as a trader is what I’ve done for years over a decade now to try to determine whether I want to catch up or not. Where is the trend, range you name it, I just want to take a look at what it looks like and what time frame we are in forex.
