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  1. #1
    kausad is offline Junior Member
    Join Date
    Aug 2017
    Posts
    24

    Default Tips and tricks to boost your profit

    Trading can be an extremely profitable business provided you know the perfect way to execute the trade. Many new traders in Hong Kong have changed their life just by developing their trading skills. Developing your trading skills is not all easy. Most of the na´ve traders don’t have the patience to learn the art of trading. They fund their trading account and start taking an excessive risk without knowing the risk factors. Eventually, they blow up the trading account and lose their entire investment. So, how do we learn to trade the market with an extreme level of precision? Read this article carefully and you will know the perfect way to trade.

    Focus on money management
    Trade the market with proper money management so that you can save your investment. Those who are new to the trading profession are always taking huge risks to earn more money. But by increasing the risk factors, you are just ruining your trading career. Have a look at the experienced traders in Hong Kong. It won’t take much time to develop your perfect trading skills. Think twice before you execute any trade. Never try to get rich quick since it will jeopardize your trading career. Think smart and within a short period, you can master the art of trading.

    Learn price action trading
    To make a consistent profit, you must have a clear knowledge of the trading profession. Without understanding the nature of this market, you are most likely to lose trades. Start trading the market with the demo account and try to develop your skills. If required, use the demo account and try to learn the art of Forex trading. Once you feel comfortable with the trading platform, try to learn price action trading. Price action trading strategy is the most efficient way to make a profit from this market. Learning to trade the market with the Japanese candlestick pattern is the most effective way to make a profit from this market.

    Trade with the trend
    Trading the market with the trend is the most effective way to protect your trading capital. Trading the market with the trend is a very challenging task. Most of the time, the novice traders are losing money since they trade in a market retracement. Trading with market retracement is one of the key reasons for which you are losing money. Learn about the stages of the trend and you will eventually get better at trading. Think twice before you execute any trade and focus on long term goals. Stop scalping the market since it will cost you a huge amount of money.

    Learn from your mistakes
    Mistakes can be useful in trading. If you keep learning from your trading mistakes, you can easily make huge profits from this market. Push things to the edge so that you can make huge profits from this market. Once you start improvising your trading strategy, you will eventually develop your trading skills. Keep following a trading journal so that you can analyze the past trade data. Making consistent profit in the Forex market is all about developing your trading skills. To develop your trading skills, you must learn from the mistakes.

    Learn chart pattern trading
    Learn about the Forex chart pattern and you notice a dramatic change in your trading career. Most of the pro traders at Saxo uses the chart pattern to execute high-quality trades. Being a new trader, you might trade the lower time frame but this will increase the risk factors. Try to trade the market conservatively so that you can make a profit in any condition. Forget about the aggressive trading system and look for long term goals. Be prepared to lose a few trades since this is just a part of this profession. Be a confident trader and you will succeed at trading. Never lose hope if you lose a few trades in a row.
    Last edited by kausad; 10-28-2019 at 02:36 AM.

  2. #2
    Angel candy is offline Senior Member
    Join Date
    Mar 2016
    Posts
    308

    Default

    Risk management is one of the most key concepts for surviving in forex market. Now many forex traders are just anxious to earn money and all of a sudden risk can become completely out of control and looses all his money.

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