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Author Topic: Why you should follow rules!  (Read 4791 times)

Offline equityfx

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Re: Why you should follow rules!
« Reply #75 on: December 26, 2016, 05:37:36 PM »
The first rule is to watch market before open any position. trader has to know what basic rules are necessary for trading. He will then make a plan to follow rules and manage risk according to the market situation. Rules are for safety of our funds.

Offline brave

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Re: Why you should follow rules!
« Reply #76 on: December 27, 2016, 04:52:32 PM »

 
For the sake of desirable result we might follow the rule in the business of forex as market is not traders friendly environment, we should trade with proper planning keeping in view follow the rules in order entertain this business.

Offline parkerbonline

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Re: Why you should follow rules!
« Reply #77 on: December 29, 2016, 09:37:58 AM »
I wouldn't say trading is random either but it can be very difficult to use technical analysis on it's own to trade. I find that most of the classic technical set ups don't work consistently on their own. A bit of fundamental analysis helps a lot.

I agree, I use both technical and fundamental analysis to try and ensure the best results.

Offline BillyForex

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Re: Why you should follow rules!
« Reply #78 on: December 29, 2016, 04:30:25 PM »
Most people just use technical but you've got to use fundamental as well otherwise your are just trading in the dark.

Offline indicator

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Re: Why you should follow rules!
« Reply #79 on: January 08, 2017, 04:13:23 AM »
Most people just use technical but you've got to use fundamental as well otherwise your are just trading in the dark.

It is not necessary to trade using both ways of trading. You can trade very well using only technical trading. News are just important when they are very highly effective on the market.

Offline hybrid

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Re: Why you should follow rules!
« Reply #80 on: January 09, 2017, 06:59:54 PM »
Depends on you what type of analysis is suitable to your trading style you can choose fundamental or technical analysis . Some times you use blend of these two because with technicals we should remain update from latest news of market that can effect on currencies.

Offline Eliza Abrams

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Re: Why you should follow rules!
« Reply #81 on: January 15, 2017, 08:39:14 PM »
Usually a combination of the two types of analysis is the most practical way to trade, as each picks up the slack of the other, so to speak.

 

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