Go Back   The Finance Forums > Finance forums > Investments

Investments Discussions and questions about stock market investments, tax free savings, and high interest savings accounts.

Thread Tools
Old 12-19-2019, 05:58 AM
adamsmiths adamsmiths is offline
Join Date: Sep 2016
Posts: 37
Default Learning to fine-tune your trading strategy

Forex traders can become successful by following some basic guidelines. Though you might be haunted by the fact, the majority of the retail traders are losing money, you should not quit trading. How many traders start to trade the market after learning the basics? More than 70% of the traders donít have any clue regarding this investment business. Think about the successful businessman in our society. All of them have extensive skills and they are always using a strategic approach to make a profit from this market. In this article, you will give you some amazing tips which will help you to fine-tune your strategy. Letís dive deep.

Develop a strategy
Before you work hard to fine-tune your trading strategy, you need to develop a strategy. The new traders in Singapore, always try to trade the market with real money. But trading with real money significantly increases the risk factors and create big obstacles in your learning curve. The starting should be done in the demo account. Feel free to open a demo account with Saxo and try to develop a unique strategy. During the development of your trading strategy, focus on the long term goals. Once you get the idea of trading, itís time to fund your real account.

Trading the real market
The moment you will start trading the CFD market, you begin the feel the pressure. Trading is not an easy task since the emotions kill the discipline of the traders. And if you break the rules, saving your capital from the wild swings of this market will become hard. Letís assume, you have gain control over your emotions. And still, you are losing trades. So, itís time to develop your skills by learning from the mistakes. During the weekend you need to find the faults in your system. Think about losing trades and find faults. Once you know the weakness, try to fix those issues.

Start using the candlesticks
To fine-tune your trading strategy, you must learn to trade the market with the Japanese candlestick pattern. Those who are relatively new to the trading profession are always losing money since they trade with indicator based trading strategy. The indicator should never become your main arsenal. Being a fulltime trader, you should learn to trade the market with the price action signal. The price action trading strategy allows retail traders to execute high-quality trades at any market condition. Once you get skilled at the price action trading system, you will see the change in your execution process.

Trade with the 1% risk
Taking too much risk and become aggressive to cover up the loss is one of the key reasons for which the retail traders are losing money. Being a fulltime trader, you must think about the long term goals. Some of you might think the 2% risk management factor is the perfect way to trade this market. But if this true, no one would have lost money in trading. The millionaire in the Forex trading industry risk less than 1% since they know the random market movement. No one can win all the trades. So, keeping your risk exposure low is the most efficient way to fine-tune your trading strategy.

Learn to analyze the news
Do you want to execute quality trades with precision? If so, you must learn to analyze the major news. The rookie traders often ignore the major news since they think technical factors are price driving catalyst. But in reality, the news is the most powerful element that decides the movement of the currency pairs. Unless you are familiar with the news factors, you should not trade the real market as a fulltime trader. Work hard to improve your accuracy and try to gain more knowledge from the skilled traders. Once you manage to fine-tune the strategy, you can improve the factors to a great extent.
Reply With Quote

Old Sponsors
Old 12-20-2019, 06:04 PM
John Tollerman John Tollerman is offline
Senior Member
Join Date: Sep 2016
Posts: 555
Default Re: Learning to fine-tune your trading strategy

Learning is extremely important for us and is the route to perform. I work with FreshForex broker, as they have superb Educational Setup, which really helps up with working and shows up the right direction, which eventually leads towards the benefit.
Reply With Quote

Old 12-31-2019, 09:18 AM
ColomboMan ColomboMan is offline
Senior Member
Join Date: Sep 2016
Posts: 152
Default Re: Learning to fine-tune your trading strategy

Thank's great advice on trading, but we offer more extensive explanations with the help of which your trading will boost to a new level, check this option tips .
Reply With Quote

Old 02-11-2020, 04:56 PM
Valz Miky Valz Miky is offline
Senior Member
Join Date: Sep 2016
Posts: 433
Default Re: Learning to fine-tune your trading strategy

We should be extremely careful with our strategy because that is what can make all the difference. I find it all super easy and simpler with FreshForex broker and their epic conditions. But thatís not all, there is also Market Analysis that helps further with how one performs and able to make quality trading decisions.

Reply With Quote


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

» Boards

All times are GMT -4. The time now is 09:53 PM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.