Tips for Learning to Think Like A Professional Forex Trader

We must create a trading plan is right for forex trading.

3.1. Capital management is right for forex trading

Most traders apply the risk is too high in the capital of their transactions. This could menybabkan fatal mistake.

Advantages have not been realized as planned by the ratio of profit / loss, instead we get a loss, which means the entire capital transactions we run out.

Professional traders have financial management in managing forex trading accounts with predetermined rules, such as:

Per transaction risking no more than XX% of trading capital

Losses in one trading day may not exceed XX%

XX% of the monthly benefit will be taken from the trading account

Etc

2. Limit the number of transactions you at a healthy level

Many experienced traders who do not take all the opportunities that are in front of their eyes.

Our aim is to act for the long-term profitability.

Precisely for that reason we should let the open position, if the probability of winning is high and market analysis we are still in line with the market.

To be able to properly analyze the market conditions, we need a trading plan which contains the principles of trading strategies and EXPERIENCE.

Unfortunately many traders neglect to quickly evaluate market conditions and intuitive actions which are associated with the experience.

The more active a person and look at the market with the right, the better he assesses market opportunities.

Knowing the theory alone is not enough to make someone an expert.

4. Create a document or journal of your trading

All the tips and advice in this article will not be any good if you do not follow.

So you need something to record all your actions, it plays an important role to shape the thinking and learning your Forex trading.

Something that is a Forex trading plan and journal your Forex trading. For journal and trading plan you can learn on learning forex article continued.

Forex Trading Journal as a diary trader

Unfortunately most traders lack the discipline to long-term trading success.

Discipline can be learned.

If we achieve success in Forex trading, will also automatically increase the confidence in trading. In this stage we documented any important action and trading system which we have done so as to obtain a positive result of trading transactions.

So we can always see where the trading system that has worked for us, we need to document the results of our transactions with the best.

In addition, it should also make screenshots chart with different time frames so that you will be able to find opportunities in the currency pair.

Start making your trading journal.

This will help you be responsible for your actions and learn from your mistakes, because you can keep track of all the activities based on the documentation you perfectly.

Consider the following tips on learning forex article entitled "6 Tips for Learning to Think Like A Professional Forex Trader" Part 3.

source - http://belajarforex.guru/part-2-belajar-berpikir-seperti-trader-forex-profesional/