Importance of perfect execution of the trade in forex market

Posted by Andrew Bezen on April 4th, 2017

Most of the traders are ‘thinking’ about trading the market than trading the market actually. They spend time in thinking about trading but not take necessary actions to trade the trades.  You analyze the market and the trades and also you are ready to trade but you rarely trade in real. What is the reason? You are totally confused about trading the markets although you have anticipated the trades, but you don’t worry there are many traders out there in the market who are behaving like you. You think too much that is the reason for the fear in trading the market. Traders should understand that they cannot trade the market just because they have won a few and they should not put themselves down just because they have lost a few trades. Actually, our prior concern is to provide you the aftereffects of over-thinking in the Forex market.  

External influences will cause damages

The external influences are never good in trading which means it may influence you immensely than you assume. By using the external modes many traders used to over- analyze the Forex market which is not good at all. Over-trading due to the external influences is also another common mistake. When you consider the external influences the trader’s mind is being clouded by it and he or she tends to doubt even the best trading strategies used in trading forex.        

Ignore the external factors

You should understand that these external influences are causing you trouble and then you must make necessary actions to keep it away. Remember, you are trading the highly volatile market and without learning it you cannot trade it so make sure you do it. once you are aware of the market makes sure to master your own strategies without considering the external influences. You should have the clarity in your trading that is the secret of your trading career.     

Execution of perfect setup

When you see the good trades you must trade it, without giving a second thought.  Most of the traders do this mistake although they see good trade setup they never enter it.  The main reason for letting good trades pass by your side is that you think way too much. In the Forex market, nothing happens as you plan but when you see good trades and when you are confident about it trade the good trades without over-analyzing it.       

Summary- these are not the only issues related to the topic above so we hope to cover more in coming up articles. When you think deeply these problems are related psychologically so understanding the Forex psychology is also part of learning the Forex market. If you are in the Forex market, you should be aware of it. Not only in Forex trading but also in real life ‘thinking too much’ can cause severe problems. So make sure to live your life properly and to trade Forex properly. If you analyze the Forex trader’s life, it will be easy for a person to trade Forex if he or she is living a disciplined, patients, and balanced life in the real life.