1 / 8

Overtrading-decrease trade | Platinum Trading Institute

Learn how to increase your profits by decreasing your trades and become a successful forex trader. Trading in FOREX and Crypto markets, less though targeted activity is preferable and more profitable.<br>Visit our site: https://www.platinumtradinginstitute.com/

platinumtradinginstitute
Download Presentation

Overtrading-decrease trade | Platinum Trading Institute

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FOREX TRADING How to increase your profits by decreasing your trades

  2. INCREASE YOUR PROFITS BY DECREASING YOUR TRADES Are you still losing in trading? When it comes to trading, especially when you are a beginner, there is this misconception that the more you trade the more money you can make. However, trading in FOREX and Crypto markets, less though targeted activity is preferable and more profitable.

  3. Overtrading • Evidently, the belief about extensive trading stems from poor understanding of the law of averages. • The adage goes, more you trade – on the average you will have more Successful Forex Trader than not, and you will have a net positive outcome in the end. • Nothing could be further from the truth. Trading more frequently without a trading plan or predefined trading limits, and solely based on emotions is OVERTRADING, and it could be gravely hazardous to your financial health.

  4. Could you be overtrading? • With the advent of supercomputing, the daytime online trading has become vogue among the millennials, young professionals, and often retirees. • They spend hours – often in front of their computer screens – executing trades in the hope of making a profit. Their decisions are mostly governed by emotions, rumors, and impatience. • If you find yourself, spending more than a couple of hours in front of the computer then you are overtrading.

  5. How could you actually get to the same level as the Successful Forex trader? There is a process that will help you avoid overtrading and lead you to become a Successful Forex Trader. Let’s list them here: • Trade only off the Daily timeframe, • Plan your week and stick to your plan, • Have a Daily and Weekly profit/loss limits, and

  6. Trade only off the Daily timeframe • Professional Forex Trader acts only on supply and demand. The idea of trading smaller timeframes, ranging from 15 minutes to even an hour could lead you to enter or exit positions that are disastrous. In addition, it trains you to think like a ‘Serial Over trader,’ who gets in and out of a trade every 15 minutes or an hour. • In contrast, the concept of supply and demand and importance of understanding that timeframes do not even exist.  • Understandably, to trade without the time frame could be a foreign concept to you, though, at PTI, we know that it is the only successful approach to FOREX and Cryptocurrency trading. • Thus, trade rationally, more efficiently, and certainly much less frequently.

  7. Plan your week and stick to your plan • A salient trait of successful Forex trader is that – he/she creates a plan and religiously executes it through the week. Have a Daily and Weekly limit • Having daily and/or weekly limits on your trading activity is one of the most critical traits that a trader can develop to be successful. • These limits could be on: • (1). A number of setups a week – say three or four entry points, • (2). Loss limit on an individual trade as a number (of pips) or a percentage of the trade lot size, and finally • (3). Overall daily or weekly loss as a percentage of the total portfolio value.

  8. THANK YOU. If you are a new trader and would like to learn how to trade, then sign up today to our 2-day free Foundation to Forex Trading Course.

More Related