4 Steps for Trading- Fishing
4 Steps for Trading- Fishing You should consider trading as fishing, so when you choose the right lake having a lot of fishes it will offer more opportunities for you. Chosen the right lake (the right currency pair for trading) you have to choose right food (right trading strategy) for fishing (trading). I introduce 4 steps for fishing- trading. 1. Step 1: “Preparing the food “ Choose your favorite trading styles: - Swing trade ( trading long term ) or Day trading ( trading short term) - Trend trading or counter trend How to setup trend trading ? Read detail… How to setup counter trend trading? Read detail… After this step you know what strategy you will use for trading. 2. Step 2: “ Finding the lake” - Long trade: you look for time frame : H4 – D1 and your order will normally take days or weeks. If trading is your part time job or you do not have time watch trading screen all day, you should choose this