Very few traders in Hong Kong knows the perfect way to improve trade accuracy. Most of the time they are busy with the profit factors. But if you look at the experienced traders at Saxo, you will understand the importance of quality trade exection.You don’t have to execute random trades to earn more money. Just focus on the trade execution process and try to improve accuracy. If you can make a profit by executing high-quality trades, you can expect to make a decent profit from this market. Let’s learn about some amazing steps that can help us to improve the trade execution process.
Focus on 4-hour time frame
Those who are trading the daily time frame know the importance of a higher time frame trading strategy. But do you think you can execute high-quality trades in the daily time frame? To improve your trade accuracy you must learn to analyze the 4-hour time frame. Once you start to deal with the 4-hour time frame, you will slowly learn the perfect way to execute high-quality trades. Things might seem a little bit challenging at the initial stage but once you start to deal with the 4-hour time frame, you will see the change in your strategy.
Trade with the news
To become better at trading, you must learn fundamental analysis. Without learning to analyze the high impact news, no one can become a successful trader in the Forex trading industry. Instead of analyzing all the news, focus on the high impact news. Once you start to analyze the high impact news, placing the high-quality trades will become easier. And this will improve your trade execution process. Though trading is all about finding the perfect trades with managed risk, you need to focus on long term goals to improve your execution process. And for that, you must understand the perfect way to do the fundamental analysis.
Trade with the trend
You must learn to trade with the major trend to improve your trade accuracy. If you trade in the minor retracement, you will lose most of the trades. Things are challenging for the naïve traders but they know the perfect way to trade with low-risk exposure, they can change their life without any issue. Trading is not but the most sophisticated business. Unless you can trade the market with proper discipline, you can’t make a profit. And once you learn to ride the major trend, you will never worry about the quality of your trading signals.
Focus on your goals
You must set realistic goals in the Forex market or else you will lose most of the trades. Those who are relatively new to the trading profession are losing most of the trades since they don’t know the perfect way to manage the risk exposure. To make your life, you must set goals in trading. But this doesn’t mean you will try to gain 100% of your account balance in a month. Securing 2-3 % per month is an excellent gain and it can even change your life. Never set any unrealistic goals as it will force you to execute low-quality trades. Think about the conservative method as it reduces the risk factors in every possible way.
Trade with logic
Those who are trading the market with emotions are losing most of the trades. On the contrary, those who rely on long term goals and trade the market with proper discipline can easily change their life without having any issue. Things are not as hard as it seems. Before you start to trade with real money, try to trade the market with proper logic. Once you stick to market logic, you can change your life without having any issues. So, develop your skills and stick the strategy to earn more money from this market.