Many of the traders like to trade the market and also trade in volatility. Volatility is the market pattern when the prices of currency pairs are going up and down quickly. If you do not know how to trade in volatility, it is best to stay out of trading. As you will be trading in Forex markets, you will see that there are many traders who are trading in volatility. They are making a lot of money in volatility and it can also make you think that you can make money in volatility. As a trader, you will have volatility in your markets and it is better for you when you learn to trade in volatility in Forex. It will make your trading better and you will make more money. Many people stop their trading when there is volatility but they also lost their chances of profit making. All the markets of Forex are volatile and you have to learn how to take this volatility and turn it in your favor. This article will tell you how you can trade the market with volatility. Continue reading Using the market volatility in your favor
Chart pattern trading is very much popular among the professional traders. Most of the time the market exhibit high volatility during the event of the heavy impact news release and the professional traders use the reliable chart pattern to catch the large movement of the market. Unlike the professional traders then novice traders in the forex market trade the news release without having any proper knowledge about the financial sector and thus incur a heavy loss. It’s true that trading the chart pattern is extremely difficult for the novice traders but if you follow simple three techniques then you can also trade the head and shoulder chart pattern like the professional traders.
The daily time frame
The head and shoulder chart pattern can be identified out in many different me frames. But if you look at the professional traders then you will notice that most of them are using the easyMarkets app to find the bearish reveal head and should chart pattern in the daily time frame. Most of the novice traders in the forex market don’t have the patience to wait for the high-quality signals in the market and thus they trade the smaller time frame. But in order to secure the best possible traders in the market, you need to trade chart pattern in the higher time frame.
Use price action signal to confirm the breakout
The head and shoulder chart pattern is a strong bearish reversal signal in the market. The professional traders trade the break of this pattern once they find the price action confirmation signal in the easyMarkets app. Price action trading strategy is considered to be one of the most reliable trading strategies in the world and if you look at the professional traders then you will notice that most of them are trading the breakout of the neckline with strong bearish price action signal.
Do the fundamental analysis
Chart pattern trading is based on technical analysis but the professional traders always do the fundamental analysis in the market to enhance their winning edge in them market. So when you spot a possible head and shoulder chart pattern in the easyMarkets app make sure that you do the fundamental analysis in the market since you’re trading against the trend in the market. But when you execute any orders after the breakout of the neckline make sure that you follow perfect risk management factors since the market exhibit lots of false spikes during the major breakouts.
Summary: Chart pattern trading is very much profitable in the forex industry but when you trade the breakout of the chart pattern make sure that you follow proper risk management factors. Try to trade the chart pattern in the daily time frame since trading the smaller time frame will increase the risk exposure to a great extent. Don’t execute any trades based on technical analysis rather try to use all three major forms of analysis in the forex market.
There are many professions in the world which you can choose to earn your living but if you chose to trade as your full-time profession then you need to overcome many challenges in the global market. All the professional traders in the forex market have spent a huge amount of time in learning the true art of trading. To achieve success in the sector in the world you need to be highly motivated and have a strong passion in that particular niche. Now a day’s most of the novice traders in the forex market start their trading career without having any prior knowledge of the financial industry. There are many things that you need to take care in order to become full-time professional traders. As a trader, you need to know when yo stop trading and take a break from the market. In this article, we will discuss when to stop trading and take a break in the market.
Losing the discipline: The first thing that every professional trader need to ensure in the market is their strict trading discipline. If you look at the professional trader community than you will notice that every single one of them in the market is trading the live assets with an extreme level of discipline. AS a human being it’s very tough for us to follow strict trading discipline every single moment for a prolonged period of time. So when you notice that you have start trading without following strict trading discipline than consider it as a break time from your profession. Even a one week break from the professional fx trading environment will tremendously help you to get back into your former form in the market.
Ignoring the fundamental factors: Trading the financial instrument requires pin perfect execution of the trading plan. In order to execute high-quality trades in the market, you need to make sure that you are assessing the market based on the major three types of analysis in the market. Most of the novice traders in the forex market executes their orders based on technical analysis only and thus they incur heavy financial losses since their strategy is not balanced. At times even the professional traders in the professional fx trading community often ignore the fundamental factors and thus execute poor quality trades in the market. So if you notice that you are ignoring the fundamental analysis in the market than it’s high time that you take a break from your trading career. Once you take a small break you will have enough time to make reprogram your mind to execute high-quality trades only.
Consecutive winning trades: If you are involved in professional fx trading for a long period of time then you must notice that at times you hit many consecutive winners in the market. But when you go through such a period you must be extremely careful since as trader you must have some losses in the market. Most of the intermediate traders in the forex market lose all their hard earned money by taking excessive risk after few consecutive winning weeks in their trading career. So if you have many winners in a single month try to take a break from the market for at least one week. Even the most professional traders in the financial market often take a break without any reason since they know it refreshes their mind and allows them to focus more perfectly in the market. Always remember that losing is just a part of the traders’ career. No matter how hard you try or which system you follow in the market you will always have some losing orders in the market and you need to know how to take managed losses in the market.
Summary: There are certain things that you need to follow in order to make consistent profit in the forex market. If you truly want to become a professional trader in the forex market than its highly imperative that you take some break at certain stages of your trading career since it will refresh your mind and put your concentration back in trading. As a trader, you will always have some losing trades in the market so make sure that you embrace the losing orders in the market and trade with proper risk management factors.
Price action trading strategy is one of the most popular trading strategies in the financial market. Most of the novice traders in the forex market tends to use the indicators based trading strategy but nowadays due to the availability of the online resources, even the rookie traders are learning the art of price action trading strategy. If you look at the professional traders than you will notice that every single one of them in the financial market is trading the live assets by using price action confirmation signal in the market. In this article, we will give three amazing tips to become a professional price action traders in the forex market.
Key support and resistance level: One of the most common mistakes that every novice price action traders in the financial market make is trading the minor support and resistance level. But if you truly want to execute the high-quality trades in the market it’s highly imperative that you trade the key support and resistance level. In order to find the key support and resistance level, you must use the daily and weekly time frame in the forex market. Finding the key support and resistance level is comparatively easy but trading them is extremely hard since you need to have the strong patience for this. So make sure you develop strong patience inside you.
Fibonacci retracement tools: Fibonacci retracement tools are one of the key tools for the professional long term trades in the market. Most of the novice traders in the financial market tends to trade all the levels in the financial market but as an intelligent trader, you should only trade the highly reliable retracement levels in the market. In the eyes of trained professional 31.2%, 50 % and 61.8 % are the most important Fibonacci retracement level. So make sure that you trade them with price action confirmation signals in the market.
Don’t add a position to your open trades: One of the most common mistakes by the novice traders are adding a position to the open trades. But this is one of the fatal mistakes that can ruin your account capital in single trade. As a trader, you should always focus on high-quality trade execution in the market and never execute your orders in the market based on the emotional decision. Make sure that you follow risk management factors in every single trade since it is one the most vital element that will keep you profitable in the long run.
Summary: By now you have read the most three important elements for becoming professional price action trader in the financial market. So when you trade the key levels in the market make sure that you use the higher time frame and trade the with price action confirmation signal. Since the trend is your friend so it’s better to use the Fibonacci retracement tools to enter into a trade in favor of the long-term prevailing trend. Last but not the least always follow proper risk management factors.
The Margin is the crucial concepts of the Forex trading. Whatsoever many traders in the Forex market do not understand or take margin concepts as that important. You should be glad that we will explain you the strategy so you will be able to trade the market in a professional manner. The Forex margin means the deposit that needs open positions. The margin is not the fee or any other charges but it is an amount set aside by the equity of your account and called as the ‘margin deposit’. If you are trading on the margin you should be aware that it involves many consequences. It can give you both negative and positive experiences in your trading career. Sometimes it might incur you margin call in trading if used in appropriate way. Let us learn more about the margin.
Importance of forex margin
The traders should understand the importance of the margin; in fact, it prevents your account without losing all the funds available. You do not have to calculate the margin manually because most of the Forex trading platforms will do it automatically. For as an example mt4 will depict the margin level in their terminal window. The margin level is the equity divided from the used margin; the margin is expressed in terms of percentage.
Significance of the margin level
The significance of margin level includes that the margin level describes how much volatile is your trading. If the margin level is lower then you will be able to execute high lot with trade with small deposit. But there is chance that you will be receiving the margin call from your brokers when your margin level is lower to 100%. You should make sure to check the minimum level of your margin before your margin call is triggered. If you want to trade the Forex market well, you should have thorough knowledge on margins. The Forex brokers use the margin levels to identify whether the traders are able to face new positions or not.
Free Forex margin
The free margin is the amount that is not involved any trade so you can use it in any open positions. The free margin is different from the equity margin. You should know the safe level to trade and it should 500% or more. If anything is lower than the stated amount then it’ll be as if you’re taking too many risks.
Summary- the margin is expressed in terms of percentage of the amount of the chosen position. The Forex market margin percentages are estimated such as 2%, 0.25% and more. You should understand that margin levels and margin calls are important to trade successfully. If you have the well-planned strategies then you will probably experience profits. Whatsoever, the Forex market is a complicated market so you should be intelligent enough to trade it a solid knowledge about all the trading parameters. You cannot become a successful trader if you are not aware of the complete Forex market.
In the Forex market, you cannot completely rely on the profits because the market also emphasizes losses. If you are part of Forex market then it’s obvious for you to face losses as well, and it can be the hardest part of Forex career as well. The financial losses are harder to cover so the traders face it as the major problem. The trader should have the ability to cope up with losses; he or she should have the strategies for it. Now, let us learn to keep the losses down and controlled.
Behind every successful person, there is an untold story of ‘effort’; every successful person started the path with something small. If you want to become a successful trader you should also start small. Normally, it is not the case; every upcoming trader’s first question is ‘how long does it take to become a successful trader (profitable trader)’? In my point of view, you should actually be concerned about ‘how to become a successful trader instead of how long does it take to become a successful trader’. If you aim this question at an experienced and successful trader he or she will answer you as ‘start small and with time you will learn the market and rule the market’. For you to become a successful trader you should stay in the market for the longer time so then with the time you will gain enough experiences and training. Actually, the successful trader will be able to earn more profit than others.
If you want to become a successful trader (profitable trader) you should focus your concern on ‘how to become a successful trader?’
Extensive focus on how to become a successful trader?
Even though many of you do not consider about ‘how to’ it is the most important thing you must solely focus on. If you understand the way to trade the market and manage the money then you can become a successful trader easily. So to trade the market effectively you must have the complete knowledge trading. If you get the idea and the ways to trade the market effectively you can simply follow your path to becoming a successful trader (profitable trader).
So first learn about how to become profitable and then think about the duration. The duration does not matter as long as you know the methods and techniques to become a successful trader.
Can you become a successful trader?
Well, yes, in trading the trading mindset is the important factor. If a person cannot stand up against the losses, if a person cannot live in the fluctuating market and if a person cannot be patient when trading he or she cannot become a successful trader. A successful trader must be able to bear up the situation in the trading market because it’s obvious that the market does not care about the desires and needs of a person.
You must ask yourself whether you fit for the place. You must have a sound knowledge in trading and you must be able to trade the money in a technical manner. If you look at the professional trader of CornèrTrader than you will see that all of them were once in a stage like you. But they strongly determined and committed to learning the art of forex trading. So they studied hard and remained focus in the market and ultimately they learnt how to trade the market properly.
Does duration really matter to become a successful trader?
Actually, there are no answers as YES or NO because the duration will depend on how you trade. If you have the born talent to trade it’s a good start but what if you don’t have? You can start acquiring knowledge about the trading and trading techniques. The time duration will vary according to the person’s ability. To be precise you should develop your own trading strategy based on your own personality and you must feel comfortable with your trading strategy. The professional traders always remain comfortable under different market conditions since they know their system works.
Learn the art of price action trading
If you look at the professional traders than you will see most of them are trading the financial instrument by using the price action trading strategy. Price action trading strategy is considered to be the best trading strategy in the forex market. If you truly want to master the art of forex trading then you should learn the price action trading strategy. In the eyes trained professional price action trading strategy is often considered to be the most advanced and smart method of trading the financial assets in the forex market. So chose whether you will become a smart trader in the global market or not. To become a successful trader you must trade the market tactfully.
Follow risk management factors
Risk management factors is often considered to be most important element for successful forex trading. If you look at the professional trader then you will notice that all of them use strict risk management factors in every single trade. If you trade the market then it’s very obvious that you will have some losing trades in the market. But as traders it’s your duty how to trade the market by managing the loss. Always make sure that your losing traders are much smaller than your winners. If you follow proper risk management factors in forex trading then you can easily beat the market.
Summary: Forex trading is not an easy neither it’s too tough. If you really want to become a sacksful trader in the financial market then you need to focus on high-quality trade execution in the market. Always make sure to trade the key support and resistance level in the higher time frame since it greatly reduces the false trade setups in the market. If you use indicators then though it away and learn different price action confirmation signal since it has the high winning edge in the market.