The analysis of incomplete charts pattern
experts consider trading using Charts pattern is a successful trading strategy, but beginner trades don't see this at all, beginners could have the same window, indicators and tools but they didn't see it works, and keep losing money.
Beinngers are missing a very important thing, is how to get profit with a small move or at least leave the trade with the little lose, when experts trade using charts pattern, and when the charts start to go in the right direction, they start to make a trade according the them money management and trading plan they have, withouth both nothing will going to work at all.
The simplest money management says in that case it to divide your profit in three levels, Fibo level helps you to define your targets easily, and this is one of the power of trading charts pattern, you predifined levels for open the postion, stop losing and get profit.
Then divide your profit in three levels, in that case with a very small in your direction you'll get a profit, and if your calculation is right and you get the most profit in your trades, then you have a profit to cover your trades for the next 3 trades.
It's not ncessary to win every trade to be a successful trader, and it's not necessary either to your final target to be a sucessful trader, just manage your trades and manage your money and you'll be a successfull trader.
Beinngers are missing a very important thing, is how to get profit with a small move or at least leave the trade with the little lose, when experts trade using charts pattern, and when the charts start to go in the right direction, they start to make a trade according the them money management and trading plan they have, withouth both nothing will going to work at all.
The simplest money management says in that case it to divide your profit in three levels, Fibo level helps you to define your targets easily, and this is one of the power of trading charts pattern, you predifined levels for open the postion, stop losing and get profit.
Then divide your profit in three levels, in that case with a very small in your direction you'll get a profit, and if your calculation is right and you get the most profit in your trades, then you have a profit to cover your trades for the next 3 trades.
It's not ncessary to win every trade to be a successful trader, and it's not necessary either to your final target to be a sucessful trader, just manage your trades and manage your money and you'll be a successfull trader.
posted by Abu Ali at
1:46 AM
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