The less you trade the more you earn in Forex How to become a trader who trades less and makes more
Over autorebateforex forex broker rebate program overmanagement plague many forexbrokerrebateprogram and are even the main reason why some traders fail Despite th forexrebatebest, very few people in trading know exactly why they overtrade and very few know how to break the bad habit of overtrading Next, this article will explore the common problems that many traders encounter and How they solve the problems caused by overtrading or overmanagement, and how they become a better trader with less trading. 80% of sales revenue comes from 20% of customers, 80% of sales tasks are done by 20% of salespeople, 80% of complaints come from 20% of customers, and 80% of wealth is owned by 20% of people. In trading, 80% of the results also depend on 20% of your trading behavior, but most traders do cashback forex fully understand its meaning. In fact, the Law of 28 mainly illustrates the importance of the key factors, which determine the level of trading. Secondly, traders should not do things that do not create value and do not do things that are a huge waste of time e.g. watching time cycles, price movements and catching trading signals without being prepared; always staring at their trading orders; looking for better ways to trade in forums; arguing with other There are many common situations in overtrading such as keeping an eye on orders; switching to smaller time periods at one point in the trade; looking for information from social media, forums or news sites that is not related to the trading system to confirm the correctness of the trade; constantly changing You dont have to pay attention to how the price is moving, just wait for the price to hit your profit target or stop loss level. In fact, it is possible to improve your trading with the set-it-and-forget-it method and when traders stop overtrading, their trading results are improved. Watching the market and making bad decisions to trade can only be a good thing if you know what you are looking for, but the volatility of the market is unknown and it is hard to know what will happen next. To create a better trading workflow and eliminate boredom, first analyze the market every Sunday and make a trading plan, identifying important price levels for the coming week. Understanding the prerequisites for using a trading system, understanding when it has an advantage and when it does not, is one of the prerequisites for good trading. Its a scanning process, and you cant start over after you enter a trade, so traders need to minimize the possibility of making mistakes. When the market environment is very complex, staying away from the market is actually one of the key factors to perform well. Traders should understand that the less they trade, the better they trade, in other words, it is more important not to trade than to trade.