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Missing the perfect trade setups in Forex market

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  #1  
Old 20-02-2018, 14:38
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Join Date: Jul 2017
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Default Missing the perfect trade setups in Forex market

Trading the financial instrument can be extremely risky. Most retail traders donít know the perfect way to trade this market. They simply place their trade based on emotions and lose a significant portion of their investment. If you look at the professional traders in the United Kingdom you will understand that trading is not all complex. The expert traders are making a consistent profit without any stress and they are living their dream life. If you truly believe that trading is the perfect profession for you, you need to learn the basics first. Never think that you will become a Forex millionaire based on gut feelings. You have to educate yourself with the proper knowledge of trading. Learning the basic art of trading will be the little bit hard at the early stage but if you focus on the key factors everything will become easy for you. Some retail traders often say that they have missed once in lifetime opportunity. But you need to understand the fact that this market will be always present for you. In this article, we will discuss how to deal with the missing trading opportunity.

No trading system is perfect
You might have worked really hard to develop your trading system but this doesnít mean that you will be able to place a trade in trade setups. You need to understand the influence of psychology. Some expert traders say 90% of the things in the trading industry can be achieved by psychological development. We are a human beings and itís very natural for us to miss certain trade setups. If we always wait for the ideal profit factor, we are going to lose a huge amount of money in this industry. We need to consider the probability factor in trading to become a successful trader. Without having a strong mindset itís almost impossible to survive in the investment world.

Wait for market retracement
If you miss a certain trade setup there is no need to worry. Most of the time the market gives a second chance to the traders to place their trade. You need to develop patience to become a successful trader in the Forex market. If you try to trade this market in an aggressive way you will never become a profitable trader. You need to trade this market with managed risk so that you donít get frustrated after losing few trades. Itís absolutely normal to miss a certain trade in the dynamic nature of this market. No one knows which trade will hit the potential stop loss or take profit level. Unless you lose money, itís always better to stay on the sideline. In fact, the majority of the successful traders do nothing most of the time. They watch the price movement of the currency pair so that they can easily pin the best trades.

Let it go
At times you should accept the truth that you have missed a very good trade setup. But this shouldnít make you sad as the market will give you many trading opportunities. You need to consider the risk-reward ratio to become a successful trader. Letís say that you have spotted a high-quality trade setup in favor of the long-term market trend but the risk-reward ratio doesnít look that great. So itís better to leave that trade and wait for the next trade setup. At times, the worst trade setups can give you huge amount profit due to high-risk reward ratio.

Trading the market is an art. You can participate in this market 24 hours day. When you miss any trading opportunity, you need to embrace the truth. Wait on the sideline until you get another quality trading signal in favor of the market trend. Never try to trade this market based on your gut feelings, as it will ruin your investment.
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  #2  
Old 18-03-2018, 22:57
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Join Date: Mar 2017
Posts: 8
Default Re: Missing the perfect trade setups in Forex market

Hi, I am curious after reading your post here which has so much great information about the perfect trade setups. I also have some strategies which I use mostly but here I learn lots of great thing and I am going to modify my existing strategy by using the suggestion from here.

Thanks!
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  #3  
Old 19-03-2018, 02:27
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Join Date: Apr 2016
Posts: 155
Default Re: Missing the perfect trade setups in Forex market

From my experience, I have to say that there is no strategy that would work consistently. Then the trend stops and the strategy will start to lose money.
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Old 12-05-2018, 10:34
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Join Date: Feb 2014
Posts: 172
Default Re: Missing the perfect trade setups in Forex market

I am curious to know after reading your post that can we copy other trader's strategy and we should own our own strategy?
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  #5  
Old 19-05-2018, 02:47
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Join Date: Apr 2016
Posts: 155
Default Re: Missing the perfect trade setups in Forex market

If you are really a serious trader, stop asking anyone else what you should trade and how much you should invest in it. Do your own research.
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