I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
In my opinion, there is a more efficient way than just waiting on the computer and monitoring charts for hours, but still making high profits. Use efficient time in trading.
1. Select the time frame and number of pairs
Use only the D1 time frame. Why so? because if you trade with a time frame like M5, you will often see charts to monitor price movements.
Use the H1 time frame as the smallest time frame, which you will only use for certain situations. Do a quick analysis by using the D1 time frame, you will know price movements in a relatively fast time and be more confident about the opportunities that arise. With the D1 time frame too, the opportunity to be in front of the monitor will be less frequent.
2. Take advantage of smartphones
Since the development of mobile-based technology, trading has become easier to run anytime and anywhere as long as there is an internet network. The trading application can be easily downloaded from your smartphone. Use automatic notifications. In general, applications that serve as reminders can be used to act as assistants who serve as reminders of a predetermined condition. This will clearly contribute to the efficiency of the time applied in your system. Allocation of time, the market is open 24 hours a day and 5 days a week. It is advisable that you set aside specific times of the day for this business (if you consider this a business). Because after all there must be seriousness in trading.
Every time there is an opportunity at the opening of the market, take that little opportunity and immediately return to your other activities. Happy trading and enjoy the results.
