FOUR things, a big effect on your trading profits...

[New Year]

This is from a book received some time ago, I put only the tips and not the book full of advertisements!...
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Listen up – I’m going to tell you FOUR things that will have a big effect
on your trading profits right now!
Not next week… not tomorrow… I mean NOW!

Profit BOOSTER #1
Has the “Big Move” already happened?
If the market has made a decent move already during the day – and you
come in trying to make more out of a further move – you’ll probably be
disappointed at best … and lose money at worst!
Simply put: if a pair has moved around 100 pips or more (depending on
the pair – some more than this and some less than this) then just stand
aside until tomorrow… or look at another pair!

I know it’s simple – but this “Trick” WILL have you making less losing
trades – guaranteed!

Profit BOOSTER #2
Trade when EVERYONE ELSE is trading!
Here’s a secret that no one ever tells you…
Most of your trades that fail– are because you’re trading in times when there are not enough market participants!
A trade that works well usually works-out because there is momentum
behind it.
I know that it probably sounds too simple – but it’s the truth.
So what do you do? You trade during the most liquid times of the Forex
trading day:

London Session : 06:00GMT to 10:00GMT
US Session : 12:00GMT to 16:00GMT
The above times are the best times to trade – but not the only ones.
If you’re not making money in Forex right now then just trade during
these times and it will more than likely turn your trading around very
quickly indeed!

Profit BOOSTER #3
The One Trade That Kills EVERY Trader…
Did you know that there is a trade that EVERY trader (and I mean
EVERY trader!) takes that is pretty much entirely responsible for their
lack of success in trading?
Yes, I’m talking about the revenge trade!
Obviously I’m speaking more to the manual/discretionary type traders
here – but it also applies to those of you who get frustrated with their
“automatic” systems.
Here’s a little a “trick” that I pretty much guarantee will improve your
trading… and your win-rate… and your trading emotion… [and the list
goes on!!]
It’s this:
Only allow yourself to take ONE trade per day!
As crazy as this sounds – it not only works – but it works very, VERY well!
All I can say to you is try it! – (this is probably the most effective of all
the profit-boosting “tricks” that I’m giving you).

Profit BOOSTER #4
Are You JUMPING AROUND?
How many Forex systems have you tried?
Just one?... Five?... Ten?!... Twenty?!!
Jumping from system to system without giving each one a chance is
crazy – but we’ve ALL been guilty of it at some point.
Every Forex system is going to go through ups and downs (some more
so than others though) – you could just be starting at a “bad time”, and
that the big wins are just around the corner (this is actually the way
the markets work by the way!).
The other thing is that, with most systems, there can be a “learning
curve” until you get really good with it – so giving up in the first week is
just insane!

You need to stick with anything you try in Forex and not “bounce
around” looking for some sort of magic pill or secret formula!

[Kryptyk]

nice one thanks

[v555]

Good points - simple but important. Thanks for sharing.