If you say something like "this trade looks risky" or "I took this risky trade." This is an obvious indication that you have no idea operating in that market environment. #trading #forextips #TRADINGTIPS
THREAD... 🧵
THREAD... 🧵
This approach is more rational : "I don't know how to operate in this condition, so I'm at sidelines and not taking any trade, until this/that happens."
You should always be studying the conditions you don't know how to operate, regardless of whether you're profitable trader.
This can be;
1⃣ NFP Week
2⃣ NFP Day
3⃣ FOMC Day
4⃣ The very next day, after a large range day
5⃣ Typical Monday
6⃣ The very next session, after a large range sesion
Vice versa...
1⃣ NFP Week
2⃣ NFP Day
3⃣ FOMC Day
4⃣ The very next day, after a large range day
5⃣ Typical Monday
6⃣ The very next session, after a large range sesion
Vice versa...
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