Fcpo trading system

Fcpo trading system

Author: Likbez70 Date: 04.06.2017

This FCPO trading article is quite long, that I took the initiative to impart them into a few chapters, follow this article till the end to become a professional FCPO trader! There are differences between a professional trader and an amateur with no experience on how they THINK and TAKE ACTION. The main difference is how the market data is extracted and evaluated.

How accurate our analysis is, depends on the way we think. What is the way of thinking and belief that leads us to become a professional trader?

fcpo trading system

I always wonder why this inexperienced trader uses indicators excessively or using robot trading, which will hinder them from knowing the very basics knowledge of FCPO trading. This practice using indicators will surely not helping you being profitable. Too many indicators will make you blind of the best analysis. This will cause you not be able to see the market structure.

Trading FKLI and FCPO Using Technical Analysis - Oriental Pacific Futures - Futures Broker Malaysia

To succeed in FCPO trading, you need to be disciplined. But this does not mean that we should make it too complicated with the use of excessive indicators or robot trading. The best tool to succeed in FCPO is a moderate graphics i. Therefore, it is still important for us to understand FCPO market through naked chart analysis. Only by naked chart analysis, we could understand the FCPO movement.

Big players in FCPO will analyse the fundamental and this is translated in the naked chart analysis. Based on experiences, a professional trader acknowledges that there are different types of trader at different timeframe. Those who think like a professional trader, must be aware of and focus the antics and behavior of other traders through naked chart graphic.

Then, they will be able to summarise the market trend as a basis of entering the market. If you want to become an FCPO daytrader, open and close your position within the same day, higher TF should be applied such as TF Daily, TF60 and TF5. As a matter of fact, all TFs are important from the perspectives of a professional trader. We could gain valuable information about how other traders take their position in the market, where possibly could their stoploss SL be and where do they take profit.

Ask yourself, at which level at different TFs functions as support and resistance? In our previous articles, we used to discuss about the significance of emotions and psychology in trading.

The fact is, since the beginning of trading, many amateur inexperienced FCPO traders do the same mistakes.

fcpo trading system

It is true that no one could put down the greed and fear emotions. As a trader, we must ensure that our emotions are under control. Many inexperienced traders do not limit their transaction and go for full-fledged margins available that is fatal and hurt their account a lot. Therefore, for this reason, we need to be on an open position if by chance, winning rate is high as long as our analysis go in line with market movement.

Unfortunately, many traders ignore the trading plan and hastily analyse market condition and enter the market based on experience alone. The more active someone is and see the market professionally, the higher chance the winning rate is.

So, you need to record all your actions if you want to develop a professional-like thinking and trade FCPO. That records are your FCPO TRADING PLAN AND JOURNAL.

For this, you could learn at the next article Further FCPO Trading. If we want to achieve our target in FCPO Trading, our belief and self-confidence level will increase as well. At this level, we will document our action and our trading system that we have used until we could see a positive trading transaction.

Therefore, we could detect which trading system that has been working for us and we should appreciate that trading system and document it properly. This will help you being responsible of your own action and so that you could learn from your mistakes. Only by having a trading journal, you will have confidende to execute your trading plan because you have already documented them properly in your journal. Without having a clear trading plan, this kind of trader will spend more time on the screen to enter the market and do the market analysis.

Make it a habit for you to read back your trading journal every day, so that you could remember all your principles and trading system that you have arranged and make you profitable. All these questions should be asked to yourself and you should think before you execute any positions in the market. Never be bored and give up from learning FCPO trading, because for every big leap, it all started with a small step! FCPO Trading — 6 Tips To Think Like a PRO by Wafi Azian on June 9, in FCPO.

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fcpo trading system

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