Skip to main content

THE 6 STAGES OF SUCCESSFUL TRADE

#1 ANALYTICAL STAGE

  • Analyse the CHART.
  • Look out the worthwhile OPPORTUNITY to take a trade
  • Identify the LEVEL of entry with a good risk reward ratio

#2 TRADING PLAN DEVELOPMENT

  • Create a trading PLAN.
  • A Buy or Sell ORDER will now be executed.
  • Bring the TRADING PLAN into existance.
  • Adhere to your trading principles.

#3 TRADE ENTRY

  • EXECUTE the trade.
  • A high probabilty trade entry with the aim of achieving optimal profits with good risk to reward ratio.

#4 TRADE MANAGEMENT

  • MONITOR the trade.
  • Absorb all the market information that is being presented in the chart.
  • Minimize the risk and Maximize the profits.

#5 EXIT THE TRADE

  • Releasing the Profits and rolling in the pips.
  • Closing the trade.

#6 REFLECTIVE PROCESS

  • Reflect the whole process.
  • Reflect it stage by stage for maximum learning experience.
  • Look out for area of improvement.
  • Learn from your trade.
Come Out of your losses in Forex Market/Stock Market/Comex Market. Talk to our Experts.Give us a Missed Call @ (347)434 9044. Visit Us: http://www.equidiousresearch.com
Labels:

Comments

Post a Comment

Popular posts from this blog

Learn Forex Carry Trade Strategies

What is a Carry Trade? A  carry trade  is when you buy a high interest currency against a low interest currency. For each day that you hold that trade your broker will pay you the interest difference between the two currencies as long as you are trading in the interest positive direction. Carry Trade Offers Two Ways To Profit The forex carry trade is a type of strategy in which traders sell currencies of countries with relatively low interest rates, and use the proceeds to buy currencies of countries that yield higher interest rates. Forex carry trading leverages the differences in interest rates between countries. For example, one country’s central bank may lower interest rates in order to create economic stimulation, while the central bank in another country maintains higher interest rates. In effect, the forex trader borrows money in one country with a lower interest rate, and invests it in another country with a higher interest rate, and keeps the differ...
Post a Comment
Read more

Know More About- Commodity Currencies Trading

Currencies of countries that rely heavily on the export of  commodities  are often referred to as  commodity currencies . An important factor that any  forex trader  should consider is that the value of commodity currencies usually rise and fall in tandem with the value of the country's main commodity exports. What Are Commodity Currencies and Pair: Both the value of the  commodity  and the country's trade balance, with respect to the commodity, are significant factors in the valuation of commodity currencies. The most commonly traded commodity currencies are: Canada (CAD) New Zealand (NZD) Australia (AUD) The three  commodity pairs  are: USD/CAD AUD/USD NZD/USD These  pairs  are highly correlated to  commodity  fluctuations in the world markets and are the most heavily traded  commodity pairs  in  forex .  Forex  traders often trade these  commodity pairs  to gain expos...
Post a Comment
Read more

What Are Currency Pair Correlations?

What is Currency Correlation? Currency correlation depicts an extent to which two currency pairs have moved in same, opposite, or totally random directions over a period of time. Thought Process: Why a certain currency pair rises, another currency pair falls? Why same currency pair falls, another currency pair seems to copy it and falls also? This is because of correlations between currencies. Correlation is the numerical measure of the relationship between two variables. The range of the correlation coefficient is between -1 and +1 . Positive Correlations: A correlation of +1 denotes that two currency pairs will flow in the same direction. For Example: Correlation between EUR/USD and GBP/USD is an epitome as if EUR/USD rises then GBP/USD is moving the same direction. Negative Correlations: A correlation of -1 indicates that two currency pairs will move in the contradictory direction 100% of the time. For Example: Correlation between EUR/USD and USD/CHF is an epitome of n...
Post a Comment
Read more