By the time you finish reading this message, you'll will have learned...
the IMPORTANCE of Applying Multiple Trading Styles.
What's that saying again?
Oh Yeah…."Variety is the Spice of Life"
Guess What... I bet you didn't think that applied to the Forex Market also...Did You?
Well it Does…...In a sense….
Anyway…..Let's Get to It…...As YOU may already know…
The Forex Market Has an EBB and FLOW to IT…
….Meaning you will see periods of High Volatility, followed by Low Volatility and so on and so forth…..
Though this MAY not should like EARTH SHATTERING NEWS to you, think of the implication of this and how YOU can use that information to understand why….
YOU Must Have More Than Just ONE Style of Trading…..
I think A LOT of traders do this backwards...They learn a particular style of trading….It could be Trend Following, Momentum Based, Retracement Based, Pattern Recognition, whatever it is…..
And then try to FIT that style of trading across ALL MARKET conditions…..
Think about it for a SECOND….
The markets are in constant FLUX...and so why would you want to trade using the same style even when the market conditions can be completely different?
For example, you do not want to Counter Trend Trade during Strong Trend, and likewise, when the Markets are Choppy, stay away from Trend Following methods.
You GET my point...
The best traders are able to recognize current market conditions and apply strategies best suited for those conditions to TAKE ADVANTAGE of what the market has to offer during those periods.
So do yourself a favor, first learn to GAUGE what type of Market we are in, so you can decide whether your setup makes sense to trade in the current Market Conditions…….
Got IT ?….Now GO Forth and Make Some Money…...
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