Some important conditions of trade development and good trading

Many of us trade well but due to the lack of some things in our trade almost all the time there are various negative effects as a result of the loss of trade. But if you trade with some important things or conditions, your trading power will be many times more than before and it will be positive, and if you can make it a regular habit, you will always trade better.


Let's find out what are the things that will help you in good trading.




1. Create your own trading plan.


2. Take the help of 2-3 indicators in trading, there is no need to use many indicators.


3. Start trading through Money Management.


4. Trade by setting stop-loss with tech profit in each trade.


5. Take profit according to the duration of trading. Avoid closing profitable trades early and prolonging loss trades.


6. Do not increase the risk with success in a few trades. Do not trade excessively.


7. Do not change the trading plan in the middle of the trade.


8. Do not trade directly on the real account in the new strategy, first check the success rate in the demo.


9 Keep a record of both successful and unsuccessful trades, will be useful next time.


10. Do not trade with robots depending on different readymade auto trading tools.


11. Do not trade against the trend. Remember trend is your friend.


12. Don't take the total risk by getting angry after losing one or two trades.


13. Don't start trading without a fresh mind.


14. Share your trading experience and develop strategy all the time.


15. Trade a certain amount every day or at a certain profit target. When the target fails, finish the trade for 7 days. If the market volatility is not good, do not go to fill the target.


16. Don't trade emotionally, don't be greedy.


16. Do not trade in co-related currency pairs for one-way trades. For example, if you trade both EUR and GPB in a buy or sell order, the profit or loss result will be almost equal and the risk will increase if the market goes against you.


16. Trade with trading possibilities, you will never see any reason for your inexperience in losing trades.


19. In the case of trades, do not expect a profit per trade.


20 In case of short time trades, trade with an understanding of active time sessions

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Posted By ashleybutler : 08 September, 2020
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When you see price consolidating in a shallow manner, get ready to play the break out of whatever tight range has formed. (Preferably in an established trend.)   USDCAD Daily Chart. Source: Pepperstone MT4 Sounds simple, right? Tips like this have lured many aspiring traders to risk hard earned cash in the markets, without fully appreciating the fact that by no means is it a perfect strategy. In fact, it's not even a strategy in itself. It's only a part of a strategy, because it doesn't tell you:* Where to exit if the market moves against you* If & where to exit (if & when the market moves in your favour)* How much to risk on any given signal* What kind of consistency the signal hasBut these considerations seem to be "tedious" and "boring" for most aspiring traders. 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Source: Pepperstone MT4 Volatility expands and contracts in a cyclical manner. A volatility breakout strategy is based upon finding those moments when volatility is dropping, and stalking a breakout – usually in the direction of the prevailing trend. It is a profitable strategy that continues to be employed by many market professionals.And yet, the quest for perfection can invalidate its edge. How?* Playing volatility breakouts against the trend. These typically have a harder time performing, relative to breakouts in line with trend.* Playing any breakout, without factoring in volatility. Typically, volatility breakout days close in the upper range of their 20-Day ATR.* Risking too much on each single trade.* Striving for perfection; using too many indicators and filters. 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When trend trading, the best thing to do is to choose one primary timeframe from which you observe your trend. A good choice is usually the Daily Chart. Then, when the Daily is pulling back or consolidating, you can dial down into lower time frames to try and get a better entry.Avoid confusing time frames and trends. A pullback on the daily chart looks like a trend on the hourly chart!Accept ImperfectionThe main idea is that no system, no setup, no indicator, and no method can ever be perfect. Usually, the more traders attempt to "optimize" or "perfect" a system, the more they deviate from the core concept of the system itself.Moreover, the quest for the perfect method usually stems from fear of failure. The correct approach is to work through and understand this fear. It's the mindset that's wrong: not the market.There will always be losses – the only thing to do is manage them correctly: cut the losses as soon as logically possible, and let your profits run as far as logically possible.The correct mindset is something much more along these lines:"I know that my next trade may not be successful, but I know that in time, after many attempts, on balance I will be positive."Have a plan"If you fail to plan, you are planning to fail." – Benjamin FranklinAt the end of the day, trading systems & setups are useful to build a strategy. Like any professional endeavour in life, in order to tackle the markets, you need a plan. The key is to have a plan that can be corrected and adjusted, based on the feedback (i.e. results) that you get when tackling the market.Don't search for perfection; search for understanding. Become an expert at one strategy, and build a solid plan around it, having faith that whatever conditions the market may present, you will be ready to adapt.

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