Tuesday, November 28, New trade 27 nov. Posted by PRD trader at 3: Sunday, November 26, Some trades. I was really busy with trades ,teaching and my other business,didn't have any time for blog.
Hopefully I will post some trades and my Ideas in the Forex and other market,Please take my apology for long break,. Posted by PRD trader at 1: Monday, July 18, Different types of risk traders face in trading.
Risk that retail traders should watch out for are: Overall market risk — This is the risk of loss by reasons of movements in a market sector. These can be caused by any number of factors including political, economic, taxation or legislative.
Specific examples include changes in interest rates, political changes , and changes in superannuation laws, internal crises or natural disasters. Market risk can be minimised by having a spread of investments across different types of assets.
Global risk — This is the vulnerability of an investment to international events or market factors. This would include movements in exchange rates, changes in trade or tariff policies and changes in international or bond markets.
This may be minimised by detailed research to identify quality investments, reviewing their performance and their place in a portfolio. Timing Risk — The possibility that you enter the market at a bad time, for example, just before a fall in the share market. This can be minimised by not investing all of your funds into the market at one time. Speculative Risk — If an investment is described as speculative you should be aware that the investment could rise significantly but also fall by the same degree.
You should not invest in speculative investments unless you understand and accept the risks fully and are prepared to accept any resultant loss. Posted by PRD trader at 2: Monday, July 4, How to trade confluence to increase your probability: Confluence zone are great place to enter a trade because multiple types of traders get involve, which create a significant shift in supply and demand.
We should look for Strong confluence zone to increase our probability in trading. Confluence zone are formed when multiple levels of entry signal occur near each other or overleap each other. We have to draw trend line, support resistance line and use tools to get the confluence zone. If you look for following level shown below, that will cover the most important entry level were traders will likely to enter a trade. Horizontal support and resistance levels from larger timeframe.
Trend line support and resistance. Equidistance channel support and resistance. Posted by PRD trader at 9: How to gain long term success in trading! Over the period of ten years, I was lucky to get to know many traders My students and fellow traders , from different background.
I am not an outsider; I had the same approach when I started trading, I had no idea what the trading was about. Yes, you know the truth now; it is so difficult to make consistent profit in this market, no matter what some people say. If you know it is difficult then your will approach would have been completely different, you will be spend time to learn the business and you will afraid to place your foot in to the market. It is important to be afraid and keep on learning before you put your hard earn money in trading.
To avoid bad trade, you must have specific trading rules that fit your mind set. You must have a strategy that will guide you to entry and exit. You need to allocate the capital that you willing to lose in case something goes wrong.
A set up in daily. A set up in 4h. A set up in 1h. A set up in 30 min. Try to add a moving average to give you a direction. Try Horizontal line bounce and breakout. Try triangle and flag pattern in your trading.
Try to be a money manager before a trader. Give me a call if you still can make money in trading, I will help you out.
Wednesday, May 11, Psychological obstacles of trading. I have categorized the often-identified psychological obstacles of trading into the following categories: Excessive Need for Understanding 7. Excessive Pattern Recognition 8. Fascination with Predictions Illusion of Control I would like to explain all the point in my upcoming book. Posted by PRD trader at Sunday, April 10, What is a valid trend line? We can draw a trend line just connecting two points in a chart but a valid trend line must.
Remember that drawing a trend line is not science so every trader draw it different way By drawing a trend line you could easily identify our entry point, if you are a conservative player you should enter after the third touch, but in the pic: Posted by PRD trader at 8: The lower the spread saves the trader money.
Most firms offer pip spreads in the Major Currency pairs. The best firms offer clients pips. This is very important when trading for small profits. The firm that I recommend gives clients FREE professional charting services and even allows traders to trade directly on the charts!
Some of the best firms offer. Friday, March 18, What takes to make money in forex! We are programmed to be competitive and defend our opinion and notion. The more we try to compete with the market ,more we try to defend our opinion ,we will dig hole for us. In trading, only logic prevail,emotion has no place in math but think of us, without emotion is like,fish without water,emotion is a huge part of our life.
Thursday, March 17, Few trades from my forex trading. Most of my trades based on market supply and demand imbalance ,in a certain market condition the number of buyers and sellers should be equal. This is the nature of the trading,but when the underlying supply and demand for the particular currency changes dramatically ,we see the market movement either up or down. That makes trading more of a waiting game for me.
Monday, February 15, What make traders lose money in Forex: Lack of knowledge about the market dynamics. Using leverage like crazy. Not trading Forex as business.
Try to cut short the learning curve. False hope from the marketing hype. Lack of capital to make it in Forex. Trading Wrong trading strategy. Too complex trading strategy. Too ambitious and high expectation in trading. No faith in your system. Not giving yourself and your system enough time to prove.
Trading without money management skill. Using wrong money management. Not analysis your trading outcome regularly. Identity crisis as trader. Not enough knowledge in basic computer skill. Trading too small time frame. Tuesday, April 28, 10 Reasons why traders find trading So Difficult;. Your stop can be hit and then the market go in the direction you were positioned for.
Sometimes that pullback that you are waiting for to buy never comes until the trend is over. Sometimes every momentum signal you buy will be a loser for a long time. Many times the market whipsaws you in a position for absolutely no reason you can understand. Sometimes your biggest position sizes are losing trades and your smallest position sizes are the winners. Money is made and kept based on the math of probabilities, risk, and reward not because a trader is the smartest but because they are the most flexible and adaptable.
Thursday, April 23,More...