Overtrading-decrease trade | Platinum Trading Institute (1)

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FOREX TRADING

• How to increase your profits by decreasing your
  trades

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INCREASE YOUR PROFITS BY DECREASING YOUR TRADES

• Are you still losing in trading?
• When it comes to trading, especially when you are
  a beginner, there is this misconception that the
  more you trade the more money you can make.
• However, trading in FOREX and Crypto markets,
  less though targeted activity is preferable and
  more profitable.

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Overtrading

• Evidently, the belief about extensive trading
  stems from poor understanding of the law of
  averages.
• The adage goes, more you trade on the average
  you will have more Successful Forex Trader than
  not, and you will have a net positive outcome in
  the end.
• Nothing could be further from the truth. Trading
  more frequently without a trading plan or
  predefined trading limits, and solely based on
  emotions is OVERTRADING, and it could be gravely
  hazardous to your financial health.

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Could you be overtrading?

• With the advent of supercomputing, the daytime
  online trading has become vogue among the
  millennials, young professionals, and often
  retirees.
• They spend hours often in front of their
  computer screens executing trades in the hope
  of making a profit. Their decisions are mostly
  governed by emotions, rumors, and impatience.
• If you find yourself, spending more than a couple
  of hours in front of the computer then you are
  overtrading.

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How could you actually get to the same level as
the Successful Forex trader?

• There is a process that will help you avoid
  overtrading and lead you to become a Successful
  Forex Trader.
• Lets list them here
• Trade only off the Daily timeframe,
• Plan your week and stick to your plan,
• Have a Daily and Weekly profit/loss limits, and

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Trade only off the Daily timeframe

• Professional Forex Trader acts only on supply and
  demand. The idea of trading smaller timeframes,
  ranging from 15 minutes to even an hour could
  lead you to enter or exit positions that are
  disastrous. In addition, it trains you to think
  like a Serial Over trader, who gets in and out
  of a trade every 15 minutes or an hour.
• In contrast, the concept of supply and demand and
  importance of understanding that timeframes do
  not even exist. 
• Understandably, to trade without the time frame
  could be a foreign concept to you, though, at
  PTI, we know that it is the only successful
  approach to FOREX and Cryptocurrency trading.
• Thus, trade rationally, more efficiently, and
  certainly much less frequently.

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Plan your week and stick to your plan

• A salient trait of successful Forex trader is
  that he/she creates a plan and religiously
  executes it through the week.

Have a Daily and Weekly limit

• Having daily and/or weekly limits on your trading
  activity is one of the most critical traits that
  a trader can develop to be successful.
• These limits could be on
• (1). A number of setups a week say three or
  four entry points,
• (2). Loss limit on an individual trade as a
  number (of pips) or a percentage of the trade lot
  size, and finally
• (3). Overall daily or weekly loss as a percentage
  of the total portfolio value.

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THANK YOU.

• 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.