How to Always Profit When Trading and Minimize Losses
If we talk about trading problems, of course you all do not escape the name of profit and loss. Yes, that's trading, you have to be prepared with all the risks when you want to start trading. Trading is the way out to make you rich in no time. But on the contrary, trading can also make you lose in a short time.
Losses in the trading world, of course all traders do not want to feel it. Especially if the loss comes from your savings. This will make the mental become damaged to make emotions uncontrollable when trading.
Then what steps do you need to get started in the world of trading?
Before you all jump into the world of trading, it would be better if you first learn all the basics of trading, from emotional control, money management, to stop loss to achieve maximum profit and minimize losses.
1. Controlling Emotions
Learning to control emotions is the most important thing before you jump into the world of trading. Emotions are one of the biggest causes of losses felt by traders. Because if everyone can't control their emotions, what they always get is a loss. What is clear is that loss is something that is not wanted by all traders.
What emotions should be guarded when trading
The emotion you need to take care of when trading is how you must remain patient when you feel a loss. So for that, if you can't control your emotions, you can just go all-in on all the balances you have, causing a lot of losses if the market direction doesn't match what you expected.
2. Sufficient Capital
As you know, capital is very important in the trading world because if you use this little capital, of course, it will be very risky to face losses. Because if you experience only one loss, you definitely have to compensate and compensation as you know must require enough capital so you don't run out of balance when trading.
How to do a good compensation technique
Performing compensation techniques is the most important thing for traders to recover from previous losses. The best standard of compensation when you trade is enough for 3 or up to a maximum of 5 times. Don't do more than 5 times because this will cause a bigger loss if you can't get a profit.
Therefore, as I said above, use adequate capital because this compensation technique really requires enough capital to be able to return the losses that you experienced before if the market is not in your favor at that time.
3. Using capital with money that is ready to be lost
This is the most important thing to be applied by all traders or novice traders like you. To start trading, use money that is ready to be lost, don't use savings or important savings or salary money from your work.
Because this is also the most important thing to control your emotions or mentally if at any time you feel a loss at that time you still have a strong mentality because the money is ready to be lost. But back again as I said above, not all traders or all of you want to feel a loss, all of them want to get maximum profit. Therefore, use the money that is ready to be lost and maintain better emotions and mentality to get a profit.
4. Learn to Analyze the Direction of the Candlestick
Candlesticks are the charts most used by traders to better read the direction of the Market. Because if at any time an up or down trend occurs and forms a green candlestick or a red candlestick, this can be read or analyzed by traders. But have you learned about candlestick patterns? Have you learned about the direction of the candlestick stick and its intrinsic properties, if you don't understand it, you should learn this.
Candlesticks have their own characteristics and patterns that you should study well. For example, a green candlestick that indicates the market is going up but not necessarily in the future will continue to rise, depending on the candlestick that is currently running or previously had a wick or body or not. Also the position of the axis or no axis at all of course has its own price direction for the future period.
How to learn candlestick patterns?
Learning about candlestick patterns and properties does not take a little time but it takes quite a while. This of course requires you to learn first before getting into the world of trading. The nature and patterns of candlesticks have existed for a long time and have been passed down for generations, but maybe not all traders reveal the most important things in reading candlesticks for the future or current period.
But you don't need to worry because here I will share step-by-step on how to read or learn about candlestick patterns for beginner traders to become a Pro trader who generates maximum profit and can minimize the losses you've ever felt.
You can learn candlestick patterns in stages below. Of course, for free, there is no need to pay because here I want you all to be able to get maximum profit and be able to minimize existing losses.
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