KNOWING WHEN TO SCALE BACK ON
1. Every trader will have good days and bad days
2. Trader Itch
3. If you are trading Fx blindly
4. Trading Forex
5. Don’t try and buy blindly, follow the rules
EVERY TRADER WILL HAVE GOOD DAYS AND
How emotionally we should be balanced for trading
in Good days and Bad days.
A Trader can decrease their personal risk to around
0.5% in high volatility and markets that sense fear.
On one day, you should never have more than 2
trades per currency pair if you have you are not
being selective enough.
One of the most annoying habits of retail traders is
sitting in front of your desktop 24/7 as a retail trader
is called the trader itch.
This is called the need to place a trade.
It is when you take trade after trade and you
revenge trade and your account becomes a total
IF YOU ARE TRADING FX BLINDLY
“THIS IS DISREPUTABLE TO THE ART OF
TRADING FOREX AND YOU SHOULD GIVE UP
WITH IMMEDIATE EFFECT”
Trading is not for everybody but 90% of traders are
They are now either running their own funds or
trading as full time traders.
DON’T TRY AND BUY BLINDLY, FOLLOW THE
When you see a cross currency pair falling through
the floor, don’t try and buy blindly you should
observe the following rules:-
Never Buy the currency pair blindly.
If you want to trade, trade like a professional
forex trader by observing the base support.
For example GBP/JPY, the major support levels of
GBP/USD and USD/JPY and GBP/JPY. This will
give you an indication of where the currency pair is
most likely to stop.
No More than 2 Trades should be per currency pair
in a day.
Use your system with CSA. Common Sense
There are several factors on trading cross pairs.
Conclusion On When To Scale Back On Trading:-
Again if you are not able to devote time to cross pairs,
then you should not be trading them stick to the majors.
Theory of selectivity has been key to success.
How to trade forex is a question to which you will only
get the answer to by being more focused.
The more focused you are on a handful of currencies
the more profitable you will be.