Post
Topic
Board Trading Discussion
Re: how to trade efficiently?
by
EXtremeAEX
on 03/05/2019, 14:00:11 UTC
I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
1. Read about the phases of the market and learn how to identify them correctly, this will greatly simplify your trading.
2. Learn to control your emotions. In trade, they are your main enemy.
3. Make a plan of deal before you open it. Follow the plan. This will help you in dealing with emotions and teach organization.
4. Constantly learn new information, it will make you more educated. Practice (on small amounts of money). Knowledge and practice will help develop your own trading strategies.