- Last Online:
- Using Local Time:
- Joined Forex Factory:
- Jun 2013
Input by mangkubumi
- Trading From:
- Trading Involvement:
- Part-Time Trader
- Trading Forex Since:
- April 2013
- Trading Style(s):
- Technical Analyst
- Pairs Traded:
- AUD/USD, EUR/JPY, EUR/USD, USD/JPY
- Other Markets Traded:
- Forex Only
- Favorite Trading Quote:
- ""I'd rather be "out" of a trade and wishing I was "in" than "in" a trade and wishing I was "out"" — Phillip Nel
Here's my keynotes from my experience trading till now :
1. Overcome your emotion when trade.
It's mean : Never trade when your emotion still unstable
2. Use your analysis for entry and exit.
Never buy into motion. The reason is you see the motion and get excited and buy/sell and then want to decide what the plan should be. You must already have a plan before you open a position. Never 'hope' price will move like you want!! just face the price movement, analyze it, then decide. It's usability not only when you want to open position, but also when you want to close it! Mostly trader loss their gain because they 'hope' price will going better, more profit, but actually they never analyze it, just 'hope'. Quote by Phillip Nel (thanks for him) that open my mind about this part : "I'd rather be "out" of a trade and wishing I was "in" than "in" a trade and wishing I was "out"
3. Respect every single pip that you got.
Actually we can call this point "use good Money Management". When you can respect your gain, every single pip of it, you will learn to adapt good Money-management into your trading system. Example use of Money Management is limit your averaging, limit your opened trade, choose entry that have good Risk-ratio.
I hope my share above can be useful for you.