It is obvious that you will over trade when you start your live trading in forex market. Its such an addiction that you can’t help yourself doing that. Slowly when you understand the true risk involved in the market you start controlling your trades.
I like to diversify risk by trading multiple pairs. Of course, I’ll reduce trade size to stay within my money management rules. Reducing trade size is the best thing one can do to reduce risk. Your money management rules should prevent you from overtrading. If you aren’t comfortable that they will do so, you should spend more time on perfecting them. Best success. -G
As we can possible avoid over trading because will often causing failure in trading, we as trader need always keep discipline with risk management also money management in trading which not always as trader will able analyze the market properly
You should not get nervous as you are performing quite decent and you should carry on such kind of work, you did not overtrade, so you should continue this practice in the real trading in order to get the fruitful result from this business.
I honestly want to know can there really be over trading? At what point would you say one has done so?
With any system there will be a limited number of good reliable trade signals, you are over trading when you start taking trades that are of low reliability
Think of it like a Black Jack card counter, who only bets when the card count is in his favor, opposed to the person who bets every hand
That is something, going on blindly then is the real danger here. Not even knowing when you have over done it!
You are going quite marvelous according to your trading chart, I think you are not over trading, you are working with right manners, so keep working with this method as you are doing well, always take the bold decision in order to earn from forex.
Yes I have learned a lot since my initial post. If one have a plan and understand what one is doing, then overtrading can be a good thing.
I`m in the process of deciding if I should close these trades or leave them running. Profits are locked in so they are profitable either way except that one EURNZD long which will make it harder to keep the poker face until it breaks even.
