Five important lessons for short – term forex traders
There are several important practices that day traders must adopt if they want to make the profits they expect in the forex market. At this time, most investors may not agree with the author’s idea. They may think that since I know the foreign exchange knowledge commonly used in foreign exchange trading, I only need to accumulate experience in actual combat to gain profits. Of course, there is some truth to this statement, but there are also some mistakes. What are some important lessons for short – term forex traders? Here’s the answer.
Everyone has the personality of intolerance, of course, its cultivation is also the type of intolerance, of course, there is no certain comparability in different places to compare. So what is the core of being a day trader? I think it is mainly the following aspects.
First, maintain a stable physical state
There is a strong correlation between mental and physical states. In addition to the psychological effects, it is important for day traders to get a reasonable amount of sleep. You should not trade when tired or oversleep until you have fully adapted to the short term. This kind of person can get the body into shape very quickly.
Second, maintain a always smooth personal rhythm in the market and trading process, short-term traders most difficult to avoid is to let the rhythm of the market control their own rhythm, with the market fast and slow hot and cold, this is a very deadly place for short-term traders: Futures market changes are often not smooth, many markets and bands are in the sudden, if you can’t maintain a smooth personal state outside the market, but can only follow the state of the market, don’t expect to be qualified short-term players.
Third, the outcome of the trade does not affect your overall state of affairs
Do it. A deal is a deal. It has nothing to do with the outcome. It is one of the basic cultivation of short-term trading. The trading process affected by the result and operation intensity cannot be smooth and uneven, which will completely make you lose the rhythm of trading and naturally lose the benign trading results.
Fourth, don’t let thoughts linger
It’s almost impossible to lose your mind. The trick is not to lose your mind (so you can’t trade), but to let it pass by (executed or unexecuted) and get out of your head. The longer it stays, right or wrong, the worse it will lead you to, and the less productive it will be if it doesn’t cost you money.
Fifth, it is better to forget than to remember certain experiences
It seems that most people value experience and the memory of experience, and I value it, but the essence of valuable experience is adaptation to the market, not adaptation. To be valued by history repeating itself. The market has. Infinitive; Experience is of so limited value that it is better to be good at forgetting than to remember something. As an aside, watching TV, if every once in a while to see the previous films, always feel as fresh as watching new films, but as if familiar, that should congratulate you.
These are five important tips for short-term forex traders. For more information, please follow the Forex Knowledge column. The real short-time master is the overall type of cultivation is detached and peaceful, it is a relatively radical personality, the cultivation of a tendency to do nothing and high-frequency non-directional operation of the three seemingly contradictory levels of integration, of course, this short-time master is also very hard to see. If you want to become a master, these five qualities will help you trade better.
