3 Simple Ones to Increase your Gains Dramatically!

Tuesday, June 8, 2010

Tip a cutoff frequency of your trading Most traders simply trade too much - they think that the more they trade the more chance they have to make money. Others believe that if there is no market, they may miss a shot, and then try to intra-day, he simply did not go to work. In Forex trading you do not get rewarded for how often you trade - you earn money to be right - it is the only criterion to judge your performance on trade and most traders forget Consider this: Trading is a game of odds and really good risk / reward is simply not around that often and in Forex trading, you should only focus on them. To give you an example of the power to cut your job - I know several dealers who act only a few times a year and clear of 100-200% profit! If you cut your trading frequency down, you then add in the next board to make significant gains.
Tip 2 more risk, you hear a lot of Forex traders tell you that you do not risk more than 2% for trade - nonsense! If you are a small trading account that will not make any money here. Let's say you are trading $ 10,000 - 2% is only $ 200! Well, if we take into account the risk reward is with, you probably do not make a lot of risk. Do not forget that 2% of the risk factors for low traffic, you get less chance of success, that if the risk is 20% higher probability of a good job. Many people think that their risk of having poor - but the reality is that they are losing to settle long term. Risk factors unrelated to the amount of risk. Tip 3 the time diversification is another buzz word, which aims to reduce the risk - but if you spread your shopping around, not only dilute the potential profit. Do not fall into this trap.