i have been trade the demo account for a two month and i have learn a lot the only thing that i am haveing problem with i cant get it consitant. i dont know how to look for entry and exit singles can some one please help me out
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i have been trade the demo account for a two month and i have learn a lot the only thing that i am haveing problem with i cant get it consitant. i dont know how to look for entry and exit singles can some one please help me out
Related posts:
Hello. Good question and not easily answered since there are literally hundreds, make that thousands of ways to theoretically determine and entry and exit point. Try to be careful and avoid all of those "plugin" strategies that are sold and guarantee you big returns on auto-trade. Typically ends up just costing you money.
What you do need it sounds like is a very steady, consistent strategy where you have specific rules of where to get in, where to get out, and how to put the odds in your favor on every trade. You have to realize you will lose, and lose on a regular basis. The key to good trading is to have a higher average win than loss, and have a high a win percentage as possible – clearly being above 50%. I like to aim for "2/3rds to 1/3rd" meaning win 2 out of 3 times, and average gain higher than average loss. Also, with forex, avoid trading the dead times — usually there's only about 4-6 hours total in the 24 hours worth trading forex. The rest of the time your odds go way down.
Some more forex tips
http://www.netpicks.com/7secrets