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Here’s some advice to help you trade smarter:

independenttrading8

Limit yourself to just three trades a day. If you lose two trades, stop trading for the day. This keeps you from making emotional decisions. Make sure you're calm and focused before you start trading. Stay away from distractions or arguments, as these can mess with your mindset.


The best time to trade is when the New York and London markets overlap or after market open and settles 930 cst - 1030 cst. This is when there’s the most movement, making it easier to find good trades. But don’t rush in! Once you know which direction the market is going, wait for a pullback on a smaller timeframe to get a better price before entering.


Stick to a 1:3 risk-to-reward ratio. That means if you’re risking 30 pips, aim for 90 pips of profit. The market often pulls back after 90 pips, so it’s better to lock in profits before that happens.


Lastly, don’t be fooled by people promising unrealistic returns like a 1:50 risk-to-reward ratio. Focus on being consistent and disciplined with a solid strategy, and you’ll grow over time.

 
 
 

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