moonchild
VIP Contributor
In this article I'm going to share with you some advanced techniques that will help you take your forex trading skills to the next level, if you have passed the beginner stage in Forex there is not much for you to learn especially if you are making profits and your strategy is solid, you will be looking for solid strategy that you can use to make more profits
The first thing you need to do is to develop a solid trading plan if you do not have any. Your plan should include your goals, why you trade, your risk tolerance, your trading strategy, and your money management rules, take this book as gospel and do not deviate from your plan, read it everyday to make it your second nature
Another important technique is to master technical analysis, learn candlesticks patterns and how to use them, go on and learn about indicators pick one or two that you like and master them, you do not even need much, just pay attention to the tools you are using and strive for mastery, and then the psychological aspect, don't forget to manage your emotions, Fear, greed, and overconfidence which can cloud your judgment and lead to bad decisions.
The first thing you need to do is to develop a solid trading plan if you do not have any. Your plan should include your goals, why you trade, your risk tolerance, your trading strategy, and your money management rules, take this book as gospel and do not deviate from your plan, read it everyday to make it your second nature
Another important technique is to master technical analysis, learn candlesticks patterns and how to use them, go on and learn about indicators pick one or two that you like and master them, you do not even need much, just pay attention to the tools you are using and strive for mastery, and then the psychological aspect, don't forget to manage your emotions, Fear, greed, and overconfidence which can cloud your judgment and lead to bad decisions.
