logo |

News

    Home   >     Industry    >     Main body

    ​Five Ways of Unconventional Thinking Demystify How Senior Traders Make Money

    Abstract:Lessons from experts who have traded forex for over 20 years.

      1. Not too much time spent on market analysis

      In essence, profit gaining refers to quantifying profitable results with high probability and the profit-loss ratio based on a complete trading system. As for lucrative trading charts, senior traders can find their stop-profit/stop-loss points and seize trading signals in one minute all the time. It is not the case that enjoying steady profits should rely on the analysis of market trends.

      2. No dependence on EA (expert adviser)

      Speaking of an excellent EA, the cooperation between a strong R&D (research and development) team and well-experienced forex masters is usually necessary for its creation. Therefore, this appears to be a castle in the air, provided the lack of certain channels or funds.

      Besides, any computer program is impossible to be timelessly effective due to the ever-changing market. As such, the brain is the best trading instrument.

      3. Not that vital are fundamentals

      Senior traders don't rely on fundamentals as all changes will be reflected in advance via market prices and behavior.

      4. Not impacted by so-called “experts”

      It is trading charts instead of any expert comment that should be believed in because of their necessary information implied. Please don't be affected by others when you are making a trading decision.

      5. Not too much attention paid to success or failure

      A certain method/theory is only a probability of success in transactions. Too much emphasis laid on profits and losses can place you in danger. Simple trading mentality, combined with simple and efficient trading tactics, can award continuous benefits to you.

      Download WikiFX to get lessons from experts who have traded forex for over 20 years. (bit.ly/wikifxIN)

    1.png

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.