makes you bigger and stronger, trading more will not make your trading account bigger or stronger. Most of us have a limited supply of bullets (money so we have to make each bullet count and not waste them on low-probability targets (stupid trades). Traders who just enter any PA setup they see, without considering the context its occurring within, are machine gunners, not snipers. Now is the time to demo trade. Financial trading is tough at the best of times and whilst indicators are a great tool they are not always the solution to your problems. So they enter a trade not based on their edge, but based on emotion instead. Pay close attention to these concepts and start practicing them in your trading.
You can do this by employing the disciplined to only trade when your edge is presentin other words, stop trading just because you want to! You can create indicators that are completely custom to your needs. Using these indicators and expert advisors may not suit you.
In fact, it will probably make your trading account a tiny little floundering wuss. In the chart below, we can see two very good looking bullish pin bar setups. I talk a lot about trading Forex like a sniper and not a machine gunner; well, waiting for price action setups to form at confluent points in the market is HOW you trade like a sniper. Think before you shootnot after, most beginning and losing Forex traders seem to behave as if they are best able to navigate the markets after entering. First off, your trading edge is not always going to be present in the market, so you have to have the patience to wait to trade until. Add An Expert Advisor, expert Advisors allow you totrade your systems automatically allowing you time to research and create new trading methods. Use our pip and margin calculator to aid with your decision-making while trading forex. If we really stick to our predefined edge, price action trading in my case, we will naturally be waiting for our edge to form more than we will actually be trading.
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