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Overtrading-decrease trade | Platinum Trading Institute (1)

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Learn how to increase your profits by decreasing your trades and become a successful forex trader. Trading in FOREX and Crypto markets, less though targeted activity is preferable and more profitable. – PowerPoint PPT presentation

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Title: Overtrading-decrease trade | Platinum Trading Institute (1)


1
FOREX TRADING
  • How to increase your profits by decreasing your
    trades

2
INCREASE YOUR PROFITS BY DECREASING YOUR TRADES
  • Are you still losing in trading?
  • When it comes to trading, especially when you are
    a beginner, there is this misconception that the
    more you trade the more money you can make.
  • However, trading in FOREX and Crypto markets,
    less though targeted activity is preferable and
    more profitable.

3
Overtrading
  • Evidently, the belief about extensive trading
    stems from poor understanding of the law of
    averages.
  • The adage goes, more you trade on the average
    you will have more Successful Forex Trader than
    not, and you will have a net positive outcome in
    the end.
  • Nothing could be further from the truth. Trading
    more frequently without a trading plan or
    predefined trading limits, and solely based on
    emotions is OVERTRADING, and it could be gravely
    hazardous to your financial health.

4
Could you be overtrading?
  • With the advent of supercomputing, the daytime
    online trading has become vogue among the
    millennials, young professionals, and often
    retirees.
  • They spend hours often in front of their
    computer screens executing trades in the hope
    of making a profit. Their decisions are mostly
    governed by emotions, rumors, and impatience.
  • If you find yourself, spending more than a couple
    of hours in front of the computer then you are
    overtrading.

5
How could you actually get to the same level as
the Successful Forex trader?
  • There is a process that will help you avoid
    overtrading and lead you to become a Successful
    Forex Trader.
  • Lets list them here
  • Trade only off the Daily timeframe,
  • Plan your week and stick to your plan,
  • Have a Daily and Weekly profit/loss limits, and

6
Trade only off the Daily timeframe
  • Professional Forex Trader acts only on supply and
    demand. The idea of trading smaller timeframes,
    ranging from 15 minutes to even an hour could
    lead you to enter or exit positions that are
    disastrous. In addition, it trains you to think
    like a Serial Over trader, who gets in and out
    of a trade every 15 minutes or an hour.
  • In contrast, the concept of supply and demand and
    importance of understanding that timeframes do
    not even exist. 
  • Understandably, to trade without the time frame
    could be a foreign concept to you, though, at
    PTI, we know that it is the only successful
    approach to FOREX and Cryptocurrency trading.
  • Thus, trade rationally, more efficiently, and
    certainly much less frequently.

7
Plan your week and stick to your plan
  • A salient trait of successful Forex trader is
    that he/she creates a plan and religiously
    executes it through the week.

Have a Daily and Weekly limit
  • Having daily and/or weekly limits on your trading
    activity is one of the most critical traits that
    a trader can develop to be successful.
  • These limits could be on
  • (1). A number of setups a week say three or
    four entry points,
  • (2). Loss limit on an individual trade as a
    number (of pips) or a percentage of the trade lot
    size, and finally
  • (3). Overall daily or weekly loss as a percentage
    of the total portfolio value.

8
THANK YOU.
  • If you are a new trader and would like to learn
    how to trade, then sign up today to our 2-day
    free Foundation to Forex Trading Course.
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