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Most Commonly Used Daytrading Technique By Professional Forex Traders- Partial Close The day trader opens and closes all his trades when the market is open during the trading period and does not hold positions overnight. Day trader usually use 1- minute to 15- minute charts. Why would the partial close method be popular among the day traders?Partial close method allows for short term trading and also the benefits of riding on longer term trends and profiting from them. This is how it is done:Entering a trade with multiple contracts that provide the freedom to take a portion of the positions off when a predetermined price is reached based on market structure and short-term behaviour, allowing for the balance to profit in the short run and also capitalising on longer-term market behaviour.Trading multiple contracts is one of the most misunderstood trading concept. When trading multiple contracts, there is a tendency for traders to take on excessive risk. Multiple contracts allow forex traders to cover part of his position and exit a portion of his contracts at pre-defined take profit level. Next, he will shift his initial stop loss to entry price. The beauty about...more
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Personality Traits That Hinder Online Success There are many variables that will contribute to or hinder your online success. Becoming comfortable with operating an internet marketing business concerns more than simply any technicalities involved. One of the biggest factors that can influence your marketing success is your own personality. Yup, even on the internet how you act, react or simply view the world can have an impact on how successful online you actually becomeHere are 5 relatively common personality traits that can negatively impact the growth of your internet marketing business.ImpatienceMany people grew up in an environment of instant gratification which does not necessarily help to develop a lot of patience. Patience is a virtue that is also a requirement when working online! Except if you choose to believe a lot of the sales copy you see touting overnight riches, becoming successful online is the result of work, commitment and much patience! A lack of this virtue results in hasty decisions and quitting if expectations are not quickly met!Sense of EntitlementExpecting to succeed without commitment or sacrifice is unrealistic especially when taking on...more
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