When should you quit your subject?

At the beginning of my trading career, I had a hard time decide when to close my trades, whether they were profitable or negative. Of course, after some time went by and I got some experience, watching the markets, it was easier and easier to understand that one.

Try to explain this to a new operator is difficult, because they have no point of reference, there is nothing to compare these concepts.

In the beginning is the excitement of the overwhelming and it's almost irresistible not to place a trade.
Whether you're beginning or still develop a trading strategy, it pays to sit and watch the price action without placing any trades.

When I first developed my trading strategy I did without placing any live trades. what found is, that it was easier for me to study price action and market behavior. just because I had no emotion with an open trade.I could see what the market is doing rather than what I wanted to do.

Try to watch the market and price with a live open trade, whether positive or negative, may skew your perception.

See the price action and market behavior for awhile and try to identify specific patterns and accurate entry points allows you the confidence to identify daily typical areas.

Because the market cycles repeated on all timeframes, its possible to develop a system by using the same stop loss levels and profit targets again and again. Key wins the experience and confidence to identify the pattern. This can be done by simply watching again the price action and market behavior without placing any live subjects in the beginning.

Each person has a different objective, which will dictate the type of strategy to use.
For example, I would prefer to trade using 30 minute and hour charts. I also have special trade regime strategies that allow me to trade in a trending environment and a consolidation range.Because each is such a different opportunity through my study of the price action and market behavior, I have identified specific patterns that only move a certain distance each time these trades develop.

First, identify your goals, try you easily headgear hair for only a couple of the laboratory sample or looking to profit from greater moves but only have a limited amount of time?
Do you want to use a 15-minute chart, a 30 minute chart, or a four hour?

Once you have identified your goal, you can decide what marketing technique to use and what is the timeframe.
Identify the correct time frame will complement your trading strategy determines the price average distance can move within a given time, specifically the daily or weekly depending on your strategy.

Back to my example and trading strategy is used, I first identify consolidation and then use a special technique that repeatedly serves 25 to 40 laboratory sample every time I use the technique. Profitability is based on the currency pair.(EUR/JPY teacher 40 laboratory sample and EUR/USD will earn 25 laboratory sample in the same consolidation interval)

In a trending market or a breakout move earn technique used 55-100 laboratory sample, again depending on the currency pair; see the example above.

Just as we've learned in school, good study habits and want a good work ethics go much developing the correct trading strategy and the company's trade.

Good luck in your trade
Thank you for reading.

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