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OVERTRADING: HOW TO INCREASE YOUR PROFITS BY DECREASING YOUR TRADES


OVERTRADING

 Overtrading refers to excessive buying and selling of stocks by either a broker or an investor.  Defining overtrading in a simple way, overtrading means trading too frequently.   In Forex trading, the less you trade the better.


How could you actually get to the same level as the best traders? There are some steps which may help you avoid overtrading and get you on the right track. I.

Trade only off the Daily timeframe

II.

Plan your week, and stick to the plan

III.

Have a Daily and Weekly limit

IV.

Focus on the bigger picture


I.

How could you actually get to the same level as the best traders?

Trade only off the Daily timeframe: Professional traders will use the Daily, Weekly and even Monthly timeframes. If you start doing that, you will not only trade less but also trade more efficiently.

II. Plan your week, and stick to the plan:

The best way to help you start trading less is to plan your week in advance. This will dramatically improve your trading.

III. Have a Daily and Weekly limit:  Start your week with a plan to take 3-4 setups. Once you reach that, stop trading for the week. You can also have a limit of losses and gains. 

IV. Focus on the bigger picture: Understanding that trading is a long-term business, and that you will not have massive success after just a few weeks or months of first coming into contact with this craft is crucial to be successful.


How to become a Profitable Trader  If you are a new trader and would like to learn how to trade then sign up today to our 2-day free Foundation to Forex Trading Course. Every month we receive a lot of inquiries on learning how to trade the financial markets. This is our way of answering those calls. You’ll get time to speak to a professional Forex Trader, who can show you just how easy it can be to trade the Financial Markets and we can get you on the path to becoming a successful Financial Trader.


Thank you.

Overtrading | Platinum Trading Academy  

If you are a new trader and would like to learn how to trade then sign up today to our 2-day free Foundation to Forex Trading Course.

Overtrading | Platinum Trading Academy  

If you are a new trader and would like to learn how to trade then sign up today to our 2-day free Foundation to Forex Trading Course.

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