Viewing and observing the graph is necessary to perform the analysis before we make a transaction. Especially if we are trading with Scalping, then always look at the graph is necessary.

 

But if we include traders who are trading only 1-3 times the transaction in 1 day then continuously in front of forex charts that need to be avoided, because more loss caused by oscillating motion charts.

 

Again, if we are a scalper (just looking for a little profit but many times) then always watch the chart it is a part of trading, But if we are traders who aim big profits from 1 time transaction then observe the graph is only needed at the time of analysis if it opens the position of Open buy or Open Sell is no longer need to look at the graphics screen, simply monitor it occasionally. because if it continues to monitor it will only make us doubt the decision to buy or sell that had been done. As a result we are more often in a hurry to close the position for fear the graph does not match the initial prediction. Valasonline

 

Initial conclusion, for beginner traders always look at the chart after opening the position it causes more losses. Should be avoided .. !!

 

So who can always watch the charts? ie anyone who is mentally strong not to rush open close position, or those who already understand the rhythm of motion graphics and those who trade by scalping.

 

Scalping or open-close positions quickly to earn some point profit will continue in front of the graph screen because he must open position and close the position at the right time. Although already open positions, Scalper still need to pay attention to chart movement, the reason:

 

Scalping rarely uses Stoploss and Takeprofit

Do not lose in large quantities, because when the profit was small

For those of you who are beginners do not think that you want to be a scalper, because it needs to analyze quickly and need courage to cutloss.

 

The best way to trade for beginners is day trading, which is only a few times in 1 day.

 

Back about looking at the charts,

 

For example we include the type of trader who wants profits of more than 30 pips or 300 points from one transaction, you should be aware that the target profit of that size will not be achieved in a matter of minutes. It takes at least 1 hour for the profit of 300 pounds to be reached, therefore we must let the opened Order reach the planned profit target, we have to wait. Well, in this waiting period is not necessary while looking at the graph.

 

The cause is always watching the graph after opening the position:

 

Curious where the next chart goes

The solution to the curious, think about this: "Trading is not about inner satisfaction because your prediction is right. You do not need to compliment if your prediction is correct "

 

We do not need to want our current predictions right, let us know whether our predictions are correct after an interval of at least 1 hour.

 

While waiting for 1 hour or 2 hours please do other activities.

 

Fear of loss if the transaction is abandoned

What if leaving the graphic screen turns out to be a loss? you must have this principle: "Better 1 time loss transaction and clear how much loss, then we try to cover the losses on the next transaction with a more mature analysis. Instead of small losses constantly due to oscillatory motion graphics "

 

In addition, the loss because the graph touching our stoploss is reasonable, it means that our predictions are wrong. The problem is loss due to doubt, intermittently open positions, and intermittently close positions.

 

always-observe-chart

 

The solution to avoid looking at forex charts all the time:

 

Analyze on timeframe 1 hour

Avoid graphics analysis on timeframe 15 minutes, 5 minutes let alone 1 minute. Because even if your predictions are correct on the time frame, the amount of profit is small.

 

Better bet for bigger profit on 1 hour timeframe.

 

Why not on TF 4 hours? because most beginners feel saturated monitor the 4 hour chart. Though looking at 4 hour TF chart is very helpful to see the trend in a longer time. One way you can predict just 1 candlestik what will be formed on TF 4 hours.

 

Install stop loss and take profit

put a stoploss and take profit is legally mandatory if you want to survive in trading.

 

If you install SL and TP on each transaction then you can leave the graphic screen quietly. Because your trading results are known, if the loss will be so much, if the profit will be so much.

 

Check every few hours

If there is still curiosity want to see Chart, okay, but do every few hours. For example because we are trading on TF 1 hour, please see 1 hour chart to see what candlestick is formed.

 

The principle is better to lose than to oscillate

It should be implanted in mind that it is better to lose losses because the stoploss is touched than to lose by oscillating the motion of the graph.

 

Got another bustle

The important thing that must be owned by a day trading is another activity, can take care of business or doing a hobby. Better if other busyness also make money, this will make trading more comfortable.

 

If you are destined to watch charts, then another suitable activity is trading options.

 

Trading option is almost the same as forex trading, because both analyze the chart / candlestik. The difference is in forex trading to profit $ 100 that you must be 0.1 lot transaction and profit 1000 points. While in the trading option, for profit $ 100 that you have to bet $ 100 and enough profit 1 point only.

 

Therefore, if we are already used to profit hundreds of points during forex trading, trading options become so easy, because just profit 1 point only within the specified timeframe. on the trading option, the emphasis is on the prediction must be true. If we predict the graph will Increase ya should rise even though 1 point for the profit.

 

Both forex trading and trading options can be done simultaneously. The main activity is forex trading, to fill the waiting period is trading options activities.