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Showing posts from July, 2018

Micro-level management is not effective in trading

You will many people in your trading career that are obsessed with micro-level management in their trading. They want to control everything from the price of currency pairs to news and information. You may think they are control freak but they do not have the right understanding of the market. They think if they try to focus on each and every parts of their trading career, they will be successful. A successful trader is a combination of a successful strategy, good timing of entry and exit and trading with good trends. If they can work as micro level with each of the small issues, they can improve their career. This is a wrong misconception and if you read the article, you will find why micro-level management is not effective. It may seem attractive and was supposed to work out perfectly but it does not. There are many myths of managing trades micro level and this article will clear your mind of this myth. Balanced trading strategy Those who deal with all the details of the ma