Welcome! Join Our IB Community With Instaforex And Receive $1000 Bonus › Forums › LET US TALK FOREX › How to deal with the lower time frame data
01/29/2018 at 13:16 #2515
Trading the financial instrument is one of the most complex tasks in the world. Every single day thousands of new traders join the online trading community to change their life. But do you really think that every single one of them become successful in trading? If you know about the facts of Forex market then you will think twice before getting involved in the trading industry. Only 5% of the traders are able to make money on regular basis and the remaining 95% of the traders losing in this industry. So why is it so hard to become a profitable trader? The simple answer is – none of them put the effort to learn the true art of trading. Most of them are fascinated with their profit factor and thus lose a big portion of their account capital. In today’s article, we will learn how to deal with the lower time frame data just like professional Aussie traders.
Professional traders in Australia are very smart and they know the perfect way to trade this market. It’s true that lower time frame trading is one of the most complex tasks in the world and not many traders prefer it.In fact, most of the experienced traders prefer high time frame trading due to its extreme level of reliability and profitability. But this doesn’t mean that no one in this industry is making tons of money by trading the lower time frame. Lower time frame trading is often referred to scalping trading system. In the eyes of the expert Aussie traders, scalping suits best for the expert traders with years of trading experience. But being a new trader you can also scalp the market profitably just by following the few simple tips which we will discuss in this article.
Learn the price action trading system
Before you start trading the live market you need to educate yourself to trade the market. Instead of looking for indicators based trading system it’s highly imperative that you learn price action trading. The expert traders in the options trading industry are trading the lower time frame data with an extreme level of accuracy even though they know that losing trades are inevitable. But now the ultimate question how they are dealing with their losing trades? Being a price action trader doesn’t give you the assurance that you will have winning trades 100% of the time. The market is always changing its nature you need to adapt to the dynamic change. The best way you can do so is to learn about the different formations of the Japanese candlestick pattern.
After learning all the reliable price action confirmation signal you need to trade the higher time frame support and resistance level. But some traders will say that they want to trade the lower time frame data. In order to trade the lower time frame data, you need to use the multiple time frame analysis in trading. Multiple time frame analysis is often considered as the best way to trade the live assets. It’s true that in lower time frame trading you will have lots of trading signals but you need to learn to find the best trading spots. Never take too much risk in lower time frame trading and make sure that you are not over trading the market.
Lower time frame trading is very complex and you need to be extremely disciplined in trading. If you trade with big lot size then you won’t become a profitable trader. You have to educate yourself with the proper knowledge of trade management system or else you will never see profit in your trading career. But never get carried away with some few winners since losing trades are inevitable in trading. Try to develop a balanced trading system and trade like expert Aussie traders.
You must be logged in to reply to this topic.