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Thread: Key point to a successful trading

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    Key point to a successful trading

    Remember that the market doesn't go straight up or straight down so after analysing and decide on your direction of the market you need to be patient and wait for the right time to enter the market.

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    You've really done well to enlighten us about this strategy, I hope it's to our advantage

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    I'd only add that being into eur usd news is also important and makes you aware of the possible changes in the market.

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    There are few points of success in trading currencies:
    - Understand yourself first. The deals with emotions and what triggers you.
    - Understand thr market you are trading. It is a high risk place
    - Take sets to manage your account properly, like using stop loss and take profits as well trading with smaller lots.
    - Aim for less but consistent profit.

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    The Dow theory states that the market is trending upward if one of its ... identify the direction of major market trends and the likely direction of individual stocks. ... Dow's approach still forms the core of modern technical analysis. .... Note that Dow theory assumes that the market doesn't move in a straight line

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    You have to study the characteristics of certain currency pairs,signs it shows when there is change in trend.eurusd and usdjpy do not show the same sign when there is change in trend

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