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forexchief

Update :Daily Price Action Forex Trading Strategies & System

Discussion in 'Diskusi Forex' started by asiaforexmentor, Sep 1, 2011.

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  1. asiaforexmentor

    asiaforexmentor New Member

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    Forex Hours – What are the Best Forex Trading Hours?

    FOREX HOURS

    This is one critical question that bugs most new traders.
    Forex Hours: What are the Best Forex Trading Hours?
    When you read several other sites, they speak of trading when the market is open etc.
    So when the new york market is open, the usd pairs are more volatile.
    This is not wrong. And it is indeed the fact that when a market is open, that certain pair will be more volatile.
    Forex Hours – What are the Best Forex Trading Hours?

    BUT!
    Here’s the thing.
    You do NOT need to wait for the market to open to trade that pair.
    If you ask me, i do not even care to know what time the market opens or closes.
    As mentioned, we as professional forex traders are like lions. Waiting patiently for a setup to occur before we pounce on it and kill it.
    So if you have a day job. You probably can’t be staring at the screen for long hours.
    WHICH IS GOOD!
    Staring at the screen for long forex hours, WILL NOT help you enhance your forex trading or grow your account.
    Instead, you will fall into the SEA OF EMOTION and find yourself struggling to stay alive.
    Forex Hours – What are the Best Forex Trading Hours?

    If you have a day job, just trade the daily time frame.
    So check your broker’s time that the daily time frame bar closes every day.
    And just spend that 10 mins of time analyzing the daily time frame.
    Forex hours: SO JUST 10 mins a day is good enough.
    If there is a price action trade setup, enter it.
    If there isn’t. Close the screen and go forth your daily job. Come back again the next day and repeat the steps.
    By just implementing this method, you will find yourself emotionally unattached and you have plenty of time to do your other stuffs.
    But that does not mean you are not making good money.
    There are FULL TIME PROFESSIONAL FOREX Traders who trade the daily time frame alone. (read this again)
    Yea.
    Forex Hours – What are the Best Forex Trading Hours?

    Forex Hours
    And if you are like me, who has a little more time to trade.
    You can look at the 1hr time frame and the 4hr time frame.
    Practically meaning, i only look at the charts every 1hr or 4hr, depending on my schedule.
    So if there is a setup on the 1hr time frame, i enter on it.
    But if there is no setup, i will go ahead with my other stuffs.
    And then repeat the steps again.
    So back to the question on Forex Hours: What are the Best Forex Trading Hours?
    I hope you got an answer.
    Check out our online forex trading AFM winning Forex Price Action Forex Course where i teach you the exact FULL Forex Day Trading Systems & Strategies that i personally use to be consistently profitable.
    See you on the other side my friend,
    Asia Forex Mentor
    Ezekiel Chew
    Asia #1 Forex Mentor
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  2. asiaforexmentor

    asiaforexmentor New Member

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    The Main reason Why Forex Traders Fails.

    Forex Trading Psychology – The Main reason Why Forex Traders Fail


    Forex Trading Psychology
    There are many answers in the market to this question: Why do most forex traders fail?
    - Some blame it on over trading
    - Some blame it on emotions
    - Some blame it on revenge mentality
    - Some blame it on impulse
    - Some blame it on the market
    - Some blame it on bad luck
    - Some blame it on poor entry
    - Some blame it on not taking profits
    - etc etc etc
    As you can see, there will be tons and tons of reasons that explains why forex traders fail.
    This is all that relates to forex trading psychology.
    But i strongly believe that it all leads to one answer.
    MONEY
    Forex Trading Psychology – The Main reason Why Forex Traders Fail

    Yes, the answer is MONEY.
    The main reason why most traders fail is because of money.
    No doubt that we all trade forex for the money.
    But it will be the money that kills us in forex.
    Forex trading psychology – Let me explain.
    To us our money that we put in our forex capital is our hard earn money. Who isn’t?
    when we have that mentality that we CANNOT lose the money in our capital.
    And as all man are greedy. We want to multiply our capital FAST.
    That’s when we lose it all.
    To succeed in forex trading, we have to FORGET that there’s money involved.
    You have to learn to trade not because of the money. But because you like forex trading and you are passionate about it.
    You have to learn to trade right and not trade for the money.
    When you trade right and forget about the money, the money will come naturally.
    But when you are too focused on the money, all your emotions will trigger.
    You will get into impulse trades, probably because you made a lost on the last trade and you want your money back.
    Or because you look at the trade and you are so confident about it, you GAMBLED your whole account size on that trade. and to lose it all.
    Or because you want to feel good and look good, and you think that you are able to double your account in a week. So you take trades that are way beyond your money management risk %.
    Or you made a series of losses, and you think that if you increase your risk percentage on this particular trade, you will make back your losses.
    And the list goes on…
    FOREX TRADING PSYCHOLOGY – The Main reason Why Forex Traders Fail

    All the above reasons leads to the main answer. MONEY.
    If we are not trading for the money, but if we just want to focus on mastering our trading and trading it right.
    There will no longer be any emotions in place.
    I highly recommend traders to forget about the money in forex.
    Trade with your forex trading system and stick to it with discipline. Focus on trading right.
    It is even better if you can cover up the money part on your forex broker screen. Ignore how much has your account size grown or how much have you lose.
    When you are able to do that, you will then see the big picture and you will be more analytical on your forex trades.
    So the next time someone ask you on – what is the main reason forex traders fail.
    You know your answer: MONEY
    This is Forex Trading Psychology at its fullest!
    This is the main reason why most traders fail, At Asia Forex Mentor, we teach not only about the entire system for traders to be consistently profitable, we also focus on forex trading psychology. Check out our AFM winning Price Action Forex Course where i teach you the exact FULL Forex Trading System that i personally use.
    See you on the other side my friend,
    Asia Forex Mentor
    Ezekiel Chew
    Asia #1 Forex Mentor
  3. Tatung

    Tatung New Member

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    Anda terlalu banyak membuat thread baru, bro... junk thread ..
  4. Laibun

    Laibun New Member

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    wonderful advice
  5. asiaforexmentor

    asiaforexmentor New Member

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    Mastering your emotions for efficient Forex Trading.

    Forex Trading Psychology – Mastering your emotions for efficient Forex Trading


    A lot of people lose money in Forex Trading because they fail to master their emotions. Many books have been written on tips for better trading, but even so, no two people using the same trading methods come up with the same results. How come? Yet every trader has at some point attended a workshop, courses and mentorship programs aimed at enabling traders make more money. But despite all these, very few people succeed. The question is, why?
    Forex Trading Psychology

    Simple as it sounds, Forex trading psychology is a crucial aspect of successful trading. Trading psychology has to do with the emotional state of mind when trading. Most times, people fail in Forex trading because of emotions and trading anxiety that can result in uncalculated trading. The consequence normally is poor returns! To trade efficiently, you have to take charge of your emotions, eliminate any trading anxiety, be confident and ensure you avoid silly trading mistakes that can cost you money.
    The moment you cannot control your emotions, irrational decision making sets in, and even though you might be an experienced trader, you lose money in situations you would have fared better. Psychology can mean the difference between profits and losses. Your state of mind is crucial in Forex Trading, as you make decisions on a sixth sense and fast.
    But how do you go about controlling your mind and taking charge of successful trading for maximum profits? Here are some tips to start you off:
    • You can begin by making use of stop loss and taking profit prices to reign in your trade. What this does is give you the opportunity to place the trade and halt any deals with it. The overall effect is experience, for the more you deal with a trade, the more it becomes engrained in your mind.
    • Once you have placed a stop loss, walk away. Do not wait to see how the trade turns out. Most traders place a stop loss and then wait around to see what happens. It beats the whole point of stop loss in the first place. Being there means you are planning to interfere with trading midway, and you don’t want to do that. So walk away!
    • Another tactic is to employ low leverages. Super high leverages may seem attractive because of the higher profits, but be careful because they carry the potential for heavy losses as well. Plus if in such a situation, the uncertainty that comes with it can lead to trading anxiety, and subsequently poor trading decisions. So keep the leverages low until such a time when you are confident you have the psychological control necessary for high leverages.
    • Make use of proven methods of trading, those you are sure about. There is nothing as dangerous in trading as using a method you are not sure of. Proper and efficient trading methods help you relax and stay a bit calmer, as the uncertainty is somehow eradicated.
    Whatever you do, watch out for your psychology. It works to your advantage if you can work on your mental fitness and stay in control.
    Forex Trading Psychology is one of the MOST IMPORTANT thing to master when it comes to forex trading. This is something which we teach in our AFM Winning Forex Course
    See you on the other side my friend,
    Asia Forex Mentor
    Ezekiel Chew
    Asia #1 Forex Mentor
  6. kpoponorogo

    kpoponorogo New Member

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    pak mentor maaf saya gak terlalu paham dengan bahasa inggris, bisakah untuk pembahasan Prace Action, penjelasannya dengan bahasa indonesia??....
    mohon di tanggapi, hehehe
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