1 (edited by FXB trading 2017-05-24 03:54:23)

Topic: FXB Blog - Forex Articles

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Why Less is More in Forex Trading

Less is definitely more when it comes to trading the world’s markets – it really is crucial! To hammer this point home, we’ll look at 3 key points: market dynamics, price action and how not to react to every market fluctuation.

1. Don’t go against the trend
Reacting to each and every market movement is pointless. Make the trend your friend by not going against it with every time market fluctuation

2. Be patient with your trades
The next key point is actually a fact, and it’s that losing money SUCKS
The best way to NOT lose your money is by being patient with your trades. Once you enter the market, let the trade play for you. You cannot trade all those little movements in the market because all they are going to do is make you lose your money in the end.

3. The long-term dictates the short-term
The last thing you need to remember is that the long-term dictates the short-term. the long-term trend dictates the short-term fluctuations. Most traders try to trade every single movement in the market, simply because they are overconfident about their abilities and they think that they can trade every single counter-trade retracement, but sadly, they are likely to lose money.

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2 (edited by FXB trading 2017-06-01 05:42:21)

Re: FXB Blog - Forex Articles

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Wise Trading Words from Pro Traders

Ever wonder how professional traders deal with the ups and downs of forex trading? Here’s a glimpse …
The most successful traders view forex trading as a game of possibilities. Sometimes you win, sometimes you lose. In fact, there are occasions in every trader’s career when a losing streak can seem to go on forever. Losses happen, but what sets successful traders apart is the way they deal with the ups and downs of the markets!

If you are at the point in your trading career where you just feel like quitting, take heart … All successful traders went through what you are feeling, but overcame their doubts to become seasoned traders. They still lose some trades, but they understand that losses go with the territory and all that matters at the end of the day is that your profits far outweigh any losses you make.
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Re: FXB Blog - Forex Articles

5 Tips for Trading during Volatile Markets

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Trading opportunities are improved by a rise in volatility. The market fluctuates continuously which generates a positive mood for a great upward trend; however, there is also the possibility for significant losses if measures are not taken. When the market is volatile, adjustments regarding trading strategies need to be applied as the markets are uncertain.

Helpful advice for trading in volatile markets:

1. Trade selections
Volatility of the market can cause one to take the risk in order to derive profits.

2. Trade with smaller trade positions
Leverages affect trading largely when the market is volatile.

3. Discipline is the key to effective trading
Trade in a more disciplined way when the market is unstable. Maintain your trading strategy regardless of the market condition

4. Tighten your stops
Tightening stops can perform as great risk managers during periods when the market is volatile.

5. Pull up your socks!
It is essential not only to trade with currency pairs, but to adapt your trading strategy in the market situation

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