Trade forex like a sniper

Trade forex like a sniper

29/07/ · Trade Forex Like a Sniper and Start Trading From Kill Zones. Which trader are you out of these two? Are you the trader that waits for your edge in the market to come to you and then when it is there you move in with a strategic stake, or are you the trader who has trades all over the shop because you just have to be in the market all the time?Estimated Reading Time: 11 mins There have been all kinds of forex trading frequency articles written around this vein, such as trade like a sniper, not a machine gunner. It should be known that if there are machine gunner traders out there, they are HFT’s. And FYI – the top HFT firms are making millions, but I digress. The Confusion. There seems to be this confusion trading like a sniper means you only trade a few times a weekEstimated Reading Time: 6 mins 08/10/ · Traders start hunting for trades when the first level is broken, or in other words when the first support or resistance is broken and the support or resistance flips. When this first level is broken that is when traders can look for this level to “flip” and start to hold as either new support or new blogger.comted Reading Time: 10 mins

Trade Forex Like a Sniper and Start Trading From Kill Zones

Just as a sniper needs a sniper rifle, must have mastery over it, possess immeasurable patience, must exhibit complete control over his mind as well as body in difficult situations, and must have an innate smartness to know the right time to shoot, a Forex trader requires a trading edge his weaponmust become a master of it, cultivate and practice unflinching restraint and self-discipline, and learn to identify the right moment to take a call.

Trading is obviously miles less stressful than a war, but the concepts of sharpshooting apply fully to trading. How well you trade depends, more than anything else, on how well you cultivate the aforementioned qualities of a sniper. Traders who cultivate these qualities in themselves invariably taste success in the long run.

On the other hand, those who latch on the qualities of a machine gunner—spending ammunition on everything in their view that is moving trading too much —finish their ammunition money quickly and consequently roll out of the game without achieving even a quarter of what they set out to achieve. In Forex trading, more is not always more. And less is not always less. In fact, mostly the opposite is true, trade forex like a sniper. The quickly you imbibe this principle, the better you will be at Forex trading.

Instead of investing on everything that you think is a trade and in turn damaging your trading account, you should wait for the pre-determined target to appear, in the same way as a sniper patiently sits for hours or days or, even, weeks trade forex like a sniper the pre-defined target to make an appearance. Price action trading gives you an extremely powerful trading edge by allowing you to execute with the precision of a sniper. The probability of a trade trade forex like a sniper is directly related to the duration of the time frame.

That is, lower the time frame, the less accurate any trade setup becomes and vice-versa. A sniper patiently waits to eliminate high-value targets, targets whose elimination changes the whole complexion of a war, trade forex like a sniper. In the same way, you need to wait for highest-probability setups, which will boost your record maximum.

No trait hurts the newbies more than the tendency of forcing the issue. That is, reading signals that are not there and closing signals prematurely, trade forex like a sniper. In effect, all this boils down to impatience. Most of us are naturally impatient when money is involved. A sharpshooter works on his shooting skill unless it becomes perfect. Much like the same, trade forex like a sniper, you must train in a particular trading strategy to improve your chart-reading skills.

Unless you do that, you will always fall short of becoming successful at Forex trading. Education, time, and relentless effort are three cornerstones of mastering anything, including Forex trading. With that said, if you bring the last two things to the table, with this post you will sooner than later become a Forex trading sniper.

Sniper-like trading needs patience and discipline, but it also improves these two qualities in you. As said before, the higher in time frame you go, the more accurate a trade set up becomes. That trade forex like a sniper, you are more likely to reap rewards for trading the higher trade forex like a sniper frames, for which patience is needed in good supply.

Seeing the rewards of being patient, you will make conscious efforts to work on it and will be less tempted by the urges to over-trade.

And the more knowledgeable of Forex trading and self-disciplined you become, the greater your success will be. In other words, adopting the working method of a sniper right at the beginning of your Forex trading sets you on a success loop, ensuring long-lasting success.

Do not try to control the market—because no one can do that. Your success at Forex trading is determined by one thing and one thing only: how well you control the way you trade. Trade forex like a sniper the right way to trade is but one—trading like a sniper. Skip to main content Skip to secondary menu Skip to primary sidebar Skip to footer Home About Us Forex Trading Basics Trading Strategies Trading Articles Contact Us.

Forex trading is similar to sharpshooting in more than one way. Tips on How to Trade Forex like a Sniper Less is better In Forex trading, more is not always more. Patience is the key No trait hurts the newbies more than the tendency of forcing the issue. Become master of the chosen strategy A sharpshooter works on his shooting skill unless it becomes perfect. Develop the mindset of a sniper Sniper-like trading needs patience and discipline, but it also improves these two qualities in you.

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Trade Forex Like a Sniper: 3 Key Concepts You must know to become a forex pro

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Trade Forex Like a Sniper and Start Trading From Kill Zones – Forexobroker

08/10/ · Traders start hunting for trades when the first level is broken, or in other words when the first support or resistance is broken and the support or resistance flips. When this first level is broken that is when traders can look for this level to “flip” and start to hold as either new support or new blogger.comted Reading Time: 10 mins 05/08/ · Trading Like A Sniper. Just follow my lead and forget about everything you know. In this thread i will be posting Medium Term signals with a Visual Aid. You can take them with calm and easily since they take a while to play out, but the relaxation you get and the winning ratio, is priceless 02/10/ · Trading Like a Sniper + Trades For Next Week. Forex Trading Analysis, Live Trading Room, Technical Analysis. In today’s live trading session, we went over how our trading week went and then we prepared for next week. This week taught our members a very important lesson. The lesson is that you need to be a sniper in the markets, not a machine gun