Forex Trading System

I still remember when I learn trading, I liked to trade more than 10 times a day. I bought USDJPY and at same time I sold GBPUSD and other entries I did without thinking about money management. My stop-loss was margin call. When prices went to my favor direction I smiled and feel that I am great trader as if George Soros was amateur trader below my level. I called my fellow traders that I had got big money and bla…bla…bla… but when prices went to other direction even touched my margin call then I was really angry. At my first week, I had lost my money.

I didn’t give up. I had studied money management. I had studied about some tools and indicators. And the most important I’d learnt to control my emotion. It was saturday and I was not  patience for waiting monday. How interesting, how many peoples are waiting for monday to work? I think that’s not much even they enjoy their job.

Yes, Monday finally came. I sat down in front of my computer. I tried to build my trading system. I watched my monitor, I did babysitting all days. I still traded more than 10 times a day. But I still didn’t get big profit. I was tired. I was bored. Untill I met a professional trader, he told to me that I should try to change my time frame. I usually trade using hourly chart. He recommended me using daily chart or at least 4H chart. What? I like to trade and if I use daily chart, I am not sure to trade everyday, that was my thinking when he told to me his opinion. He tried to explain his reason, he told to me that trading is really interesting but trading also is a business and I should considered that. Why? the truth of trading business is more trading you do the more you lose, even when you’ve got profit because you have to pay your broker’s spread. Also, trading at bigger time frame needs less stamina and mind than trading at hourly.

Time after time, and then he proved it. Now I just trade once a day and that’s not a must. I also have more times for my family, friends, and hobbies. They are most valuable than getting profit from trading. If you think I have best trading system. No, I just have common trading system.

Why is trading at bigger time frame is more profitable?
That’s not only you must pay spread for your broker. But you should know that most of trend is sideaways and most of sideaways is happened at smaller time frame.The other reason, when you trade at daily chart you’ve got much time to analyze the market. You will be more discipline. You can think clearly and get the best action to trade not just buy this or sell that. Remember, the enemy at forex market is not anyone but yourself. If you can controll yourself then you will be a successful trader.

Incoming search terms for the article:

• trading 4h chart system

Related posts:

1. First Stop-Loss Is Your Friend Many traders that using small time frame, try to shift...
2. How to Profit With Forex Currency Trading Investing in the foreign exchange market can be both an...
3. Choosing the Most Profitable Forex, Futures and Stock Trading Time Frames What are the best Forex time frames? Research in this...
4. Forex Day Trading: Top 7 Checklist When Using Support and Resistance Why are support and resistance levels crucial when participating in...
5. The Holy Grail: The Secret Of Trading System Has Been Revealed Two years ago, I searched forex trading system that never...

Related posts brought to you by Yet Another Related Posts Plugin.