4 tactics to make profits in FOREX MCX NSE
Follow these simple tactics in your trading to make profits for sure.
- Limit the markets you trade.
- Limit the hours you trade.
- Limit the number of trades you take.
- Limit the risk you take on.
Limit the markets you trade
Just do not jump from market to market. This is basic human psychology. Do not keep looking for entry points in various scripts and markets looking for the perfect buy sell entry points. You will lose out the perfect entry points to make profits and you may not find one at all. Otherwise stick to a perfectly good system to scan all the markets and intimate you when there is an entry points in any of the markets.
Limit the hours you trade
Nothing good will happen if your mind and body is tired. You cannot think properly with a fatigued mind. Unlike other professions which required physical activities trading requires mental attention and trust me mind controls the body and you get tired very soon. Guess what a tired mind does, mistakes. Limit your trading hours to the time till your mind is relaxed. To know more click on the below link.
Limit the number of trades you take
Too many chefs spoil the broth- Think about this, your mind cannot concentrate on a particular thing not more than 20 minutes or too many things at a time. That’s why man invented machines and computers. Do not be a super hero in daytrading by opening too many positions at a time. You will lose track on what is what and when to stop. It happens all the time. You may think that in you eternal healthiness you can mange but trust me a tired mind kills it all. Just be precise and limit the number of orders and you will make profits.
Limit the risk you take on
Always think that losses are around the corner. A volatile market is a double edged sword. Don’t ever assume that you can make profits only in volatile markets. Yes, sometimes you may make profits but think about what happens if it goes against you. You need to be disciplined. Find a system and follow the system. There is no other go. Why do most traders fail? Click the below link to know.
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www.alertelsystems.in
www.alertelsystems.com
