Forex Trading With Simple Setup
 
HomePortalRegisterLog in

Share | 
 

 What is 5M

Go down 
AuthorMessage
Ramdas



Number of posts : 107
Age : 52
Registration date : 2008-06-11

PostSubject: What is 5M   Mon Jun 23, 2008 1:42 am

To be good trader you need to understand 5MWhat is 5M

To make Money you need to understand 5M

5M = Multitimeframe + Multipair + Mental aspect + MoneyManagement + Market Behaviour

Multitimeframe:-
Market forms Price dynamic in multiple time frame, You need to have price behaviour of many time frame on single chart in front of you.

Multipair:
You need to watch Multiple time frame of multiple pair in front of you..you get picture of what is happening to perticuler currency.

Mental Aspect
When you watch Multiple Time frame on multiple Pair in front of you. you get decission point where your Mental aspect comes in picture
What if this time Wrong.

Money Management.
When you go wrong, how much you withstand, what decission you take to hold or exit.....Money management play role.

Market behaviour.
Market keeps changing patterns, this time it respect One SMA, second time it do not respect..it respect another SMA.
Market shows you some picture as some patterns is working and next time they make it fail and you find yourself in fail trade.
When something is working on one pair...at same time.... same thing fail on other pair.
These are all market trick which comes under market behaviour.

When you understand all these 5M ..you know how to make Money

Best Regards
Ramdas
Back to top Go down
View user profile http://forextradingwithsimplesetup.blogspot.com/
Ramdas



Number of posts : 107
Age : 52
Registration date : 2008-06-11

PostSubject: We will discuss all these 5 topic in respective thread   Mon Jun 23, 2008 1:46 am

We will discuss all these 5 topic in respective thread
Each topic has it's own discussion, we will discuss all these topic.
Pl feel free to join discussion.

Best Regards
Ramdas
Back to top Go down
View user profile http://forextradingwithsimplesetup.blogspot.com/
 
What is 5M
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Forex Trading With SMA :: Understanding 5M-
Jump to: