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How to make more profit in Forex?

How to make more profit in Forex?

You must have heard that more than 90% of people in the Forex market lose money and completely lose their capital. Now that you are reading this article, you are more than 90% likely to be one of the forex losers! If we have guessed correctly, then you need to start training trading principles again under the supervision of a trading instructor. But if you are making a profit in Forex but you are not satisfied with the amount, then maybe your question is how to make more profit in Forex?


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In this article, we do not want to introduce you to a specific trading method or indicator. On the other hand, we are not interested in repeating and rewriting stereotypes. This time we want to address the issues that are rarely seen among traders. Do you think diversification is better in trading or conservatism? Is it better to set a profit limit or not to set it? Is it right to take consecutive trades and stay in the process? What to do after profit and loss periods? To get the answers to these questions, we will continue reading this article together.

Creating diversity instead of conservatism

Sometimes a variety of trades is considered necessary to reduce the risk too much. If a trader invests in different markets at the same time, the small profit of successful trades is easily lost with the losses of other trades. You always have to balance. Some successful traders focus their trades on a range of forex trades.

As long as they are in the right market trend, it will benefit them. To cope with the opposite correlation in Forex, more variety in trading cases is needed. We do not recommend buying four different currencies at the same time, but we recommend that you diversify your transactions by examining the correlation of the currencies or their correlation and adding other assets such as gold, silver, oil and..

Use the loss limit

The use of Stop Loss is highly recommended. Of course, determining the stopping point is an art. The trader must be able to adapt the technical principles to the safeguards of financial management.

The phrase ” stay in profitable trends but get out of loss immediately ” is the oldest trading advice. Significant profits are made by staying on top of big trends. Only a relatively small group of trades make significant profits over a one-year period, and for this reason the winners of such trades are often magnified.

Allow for profit, but on the other side of the coin is to prevent losses as much as possible. You will be amazed at how many traders invest in the wrong direction.

Consecutive trades: Staying in trend or repeating trades

Staying in profit is not as simple as it sounds. Imagine a situation in which the market follows a certain trend and thus can make a lot of profit in a relatively short time. Then suddenly the trend stops and the market is faced with a large volume of sellers and hard resistance appears on the chart. what should we do?

You believe that the market has the potential to increase prices more, but you are worried that you will lose the profit if the market returns. Are you content with the profits or are you waiting for a better situation?

 

One solution to this problem is to trade in several stages. These steps can be divided into “trend” and “swing” situations. The trend part means staying in the market for a long time. Preventive losses can be used and the market itself creates many corrective opportunities. There are many opportunities to make a profit in the long run.

Oscillation refers to short-term entry and exit in the market. When the first price target is reached near the resistance or during heavy market sales, the profit can be withdrawn or another early support stop can be considered. The purpose is to save or protect profits.

What to do after profit or loss periods?

Here are the last tips for the article “How to make more money in Forex?” We need to share with you. What decision should a trader make after periods of profit or loss? Imagine that your trading capital has dropped by up to 50%. Are you changing the way you trade? If you have lost half of your money in previous trades, you should double your balance to get to the top. Do you deal with your transactions more sensitively or do you follow the same method as before? If you are conservative, it will be more difficult for you to compensate.

More interesting and complex situations occur in the opposite case, ie making a profit. What do you do with your profit? Imagine that your capital has doubled. One way is to double your trading volume by making a profit. In this case, what do you do with the inevitable periods of loss that you know will continue? Instead of giving back 50% of your profits, do you lose all your capital?

The trading record of each trader includes ups and downs that are more like price charts. If the trader has made a modest profit, his capital chart will have an uptrend overall. The worst thing is to increase the amount of investment after making a profit. It’s just like shopping in the emotional shopping situation in an uptrend.

The last word

There is an old proverb that says:

Finding the problem is half the solution!

In this article, we tried to help you understand the problems of trading by asking various questions and part-time answers (!). In other words, the answer to the question of how to make more profit in Forex is not a codified solution, but to find problems and try to solve them.


Labels: Order to build a Forex robot , Build a stock trading robot , Build a trading robot , Trader robot design , Free Forex Robot , Forex robot programming , Forex Expert Making Tutorial , Build a trading robot with Python , Download Forex Trading Robot , Buy Forex Trader Robot , Automated Forex Robot , Free stock trading robot ,  Learn how to build a Forex trading robot , Alpari trading robot , Forex robot for Android ,  MetaTrader robot design , MetaTrader robot programming , Forex robot design , Forex robot programming , Automated trading