August 31, 2018 at 9:12 am #428
You might already have a negative review of trading right now. Because we mentioned art in the title. Let us tell you that, it is not that hard for us human. You don’t have to be an intelligent person to become a successful trader. It is really easy and fun if you have a proper strategy for your trades. Among all the trading platform Forex is a well-renowned one. And it has more retail traders than any other marketplace. We are going to talk about Forex in this article. And we will mention why forex trading is an art. Try to understand what we are mentioning in this article. If you have a second thought about something, fill free to share with us. Now, let’s get on with this one.
Practice is the key
“Practice makes perfect” you have probably heard of this line. This is a famous quote first mentioned in English by Gregory Y. Titelman in 1996. This is a really meaningful phrase and it’s true for any profession. Because practice improves your productivity in a job. As you are cultivating the same stuff over and over again it gets embedded into your memory. It becomes like a routine for you. In the case of trading, it helps you inconsistent performance. For example, when you are practicing the basic trading technique more and more, it will become a part of you. Then you don’t need to be taught how to trade.
Art students have to do the same thing while learning in the art classes. Meaning that they have to practice more than taking lessons. You can see for yourself if you visit the art department of a university or a college. You will see they are fine-tuning every time while practicing and making smaller improvements.
Start trading the market with the demo trading account. As a new investor, you have a lot to learn from the experienced traders in Singapore. They know very well how to manage their trades under extreme market conditions. Take all the time you need but never trade with real money unless you can make a consistent profit in the demo trading environment. You have to be smart investors and calculate your risk factors in every possible way. Managing your risk factors and emotion is the most difficult thing in Forex trading profession. However, just by following the basic guidelines, you can easily eliminate this problem. Make sure you are not trading with the money that you can’t afford to lose.
Experience is the power
If you are a professional, you will agree with us on this. Experience is a vital thing when it comes to professional work. And it is considered as the first of qualities when it comes to hiring an employee. Whether it is a business firm or a corporate job. That is why you will see all the top position of a government have people of older age. Because they have more experience with time. When you are trading and you see something, it might not get noticed. But, if it comes before your eyes, you will obviously notice it sometime. This is called experience and it can change the way you behave in your job.
Skills are the weapon
With experience comes skill improvement. Because when you see something wrong, you will take anti measures against it. And if it comes, again and again, you will be able to practice your solution. For example, you are trading as a novice. You are probably mistaking in the timing of your trades. When it happens multiple time, you are having an experience of missing good trade chance. Then you are trying to look for the key swing. As a result, you are looking at the pickup and resistance points and supports of the price charts. This is building up your skills of trading.September 3, 2018 at 6:22 pm #429
Thanks Vicky for sharing this info, I wish you share some more. There is a degree of honesty in the way you present this information.
Thank you so much.
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