Thread: Smart Trading

I believed that trading isn't hard but what it takes is to trade smart. We knew that majority of traders will lose all their capital in the first year and many more will be forced to give up just because their failed to understand a smart trading. Their failures were related or closely linked to the following issues
1- Not sticking to a strategy and tend to jump from one strategy to another in the quest for the elusive holy grail.
2- Wrong strategies that got low probability, less time tested and not being proven to work in all market conditions.
3- Risking too much money for one trade can lead to financial disaster.
4- Minimum time and effort spent to understand the strategy, ask questions and paper trade before putting their hard earned money at risks.

I always worry about myself when I start over thinking as that is usually the moment where I am likely to mess things up. Smartness is nothing but common sense with one extra layer of education and I have got that but sometimes I get caught into moments and due to less knowledge I so suffer at times to do what I am capable of.

I never feel like giving up because this is business and I understand the rules of that because if I give up on lose then I don’t have right to expect profits. I am not getting upset but still I am learning from my mistake and that’s why I joined YesFx Ltd, they are the biggest trading academy in the world.

They have wonderful trainers that I am learning a lot from. I am lucky that I applied for their prestigious Remote FX Traders program, it has very few places left so it was in my destiny to be part of this and I love doing analysis and to be taught about technical analysis by their instructors was absolutely pleasure and I remember every single moment where day by day I got better and now i am proud to say that I am one 100 times better trader to what I started.

Smart trading is always crucial as you said it’s not always just hard working that will gain us rewards but it’s sensible approach that will lead the way and currently I am so thankful to Best Binary Broker, it’s a site that has provided me excellent guide as how to do Binary trading but what I loved most was that I was able to find the best broker and with that I also got great bonus which is so useful so it’s lovely to have good review sites like them.

Been smart now is not a choice or luxury but it has become something absolutely necessary and if we are not smart enough then we can get into big problem and possibly get losses as well so that’s why we must be smart enough. I have already made a very smart choice with Nova FX and that already is rewarding me in great way. They have seriously good trading conditions that allow me to do scalping with ease and I never get any requotes.

Yes you need to be smart by changing what really is needed and stick to what really works for you ad you are comfortable with, you should also experiment your strategies.

Smartness is adopting to the situation because that’s how successfully traders are develop, it’s not they have any magical powers that makes them this good, it’s their develop to understand the requirement of situation and be working according to that but most traders are not able to understand this and always make silly mistakes which keeps them away from become professional.

I am not the smartest trader but I am a sensible person and a trader, therefore I have selected the best broker of Asia, OctaFX. It is an amazing company with excellent features and they have very smart trading platform cTrader, it’s especially develop for ECN trading and has the latest and most upgraded facilities, so it really help us achieve success.

Originally Posted by Babu Meman

Smartness is adopting to the situation because that’s how successfully traders are develop, it’s not they have any magical powers that makes them this good, it’s their develop to understand the requirement of situation and be working according to that but most traders are not able to understand this and always make silly mistakes which keeps them away from become professional.

I am not the smartest trader but I am a sensible person and a trader, therefore I have selected the best broker of Asia, OctaFX. It is an amazing company with excellent features and they have very smart trading platform cTrader, it’s especially develop for ECN trading and has the latest and most upgraded facilities, so it really help us achieve success.

I agree with that mate, it’s definitely able to do the work according to the situation because it’s too tough to survive in one way trend and frankly speaking Forex is too big business to be successful with been predictable, so that’s why it becomes absolutely necessary to adopt to different set of scenario, as that will help us get into much better situation.

Also, I am working with OctaFX broker like you so that automatically makes my work load light and I really enjoy their low spread of 0.2 pips since I am a scalper and with that I can’t afford to be paying too much spread and that’s where this is so handy due to the low spread that they charge from me.