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It's been a while since I posted an article on Forex... but I thought I'd try posting small tips that can always help traders be better traders:) Most of the time we already know these tips but everyone needs reminding every now and then:)
So Tip #1: Increase Your Time
One mistake traders make is to allow themselves too little time to make trades. For the ever-popular intraday or even scalp trader... he needs to sit and monitor prices for too long. This causes unnecessary stress levels and often you can make even a simple mistake (typing the wrong number, making the wrong mouse click).
It's easy to stop this: Just increase your time!
If you like trading 1 min, 5 min or even 15 min timeframe charts, why not try 1hour charts, or 4 hour charts or even 1 day charts? Then at least you can sit down at your Playstation after making a trade and forget about it and just let the market decide for you:)
Besides, trading on charts less than 60 minutes is horrible because the randomness of the normal transactions which occur in Forex will distort your judgment of the true picture.
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