Trading System
At Easy Forex Buy Sell, we advise traders to create a trading system that suits their personality. This is because trading is more psychological than we think; you must be able to control your emotions and make the right trading decisions.
We encourage our Traders to follow the steps below:
Create Your Trading System
Understand Your Trading System
Build Your Confidence with Your Trading System
Most traders fail, not because they don’t know how to trade, but because they don’t have the confidence to stick to their trading system
There are thousands of trading systems, Trading materials, and what have you on the internet, and you still wonder why even intelligent people lose money in the Forex market. Keeping your Trading SIMPLE will take you a long way, and you will see yourself making a profit on most trades.
“Traders Room” at EasyForexBuySell makes use of a particular INDICATOR that helps new traders build and maintain trading discipline. This indicator, when inserted on the MT4 Chart, only shows BUY or SELL signals.
The “Buy Sell Histogram Indicator” is used by The Traders Room at Easy Forex Buy Sell to train new traders in the Forex market. In fact, any trader can make use of this indicator depending on what the trader is looking for. Below are some basic things Forex Traders consider before getting into a trade.
CONFIDENCE: This concerns your emotions and how disciplined and prepared you are for Trading.
ENTRY: When should I get into a trade (Buy or Sell)
STOP LOSS: Where should I set my Stop Level (SL)
TAKE PROFIT: Where should I set my Profit Target (TP)
EXIT: When should I get out of the trade?
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