Discussions among the group Trader Thailand

What is diversification?

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What is diversification? Diversification is a risk management strategy that involves spreading your investments across multiple locations. Asset types, industries and other categories To reduce risks that occur with a single asset or other risks. The idea is that by investing in multiple assets, the performance of one asset compensates for the poor performance of another. Leading to more stable returns over time. How to diversify your trading 1. Multiple Asset Classes: Diversify your investments

Controlling your emotions in FOREX trading

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Controlling your emotions in Forex trading is a very important topic for investors in the foreign exchange (Forex) market, which is a highly volatile market and can easily lose their capital if they don't plan and keep their emotions in check. Well, in this article we will discuss how to control your emotions when trading Forex, which is necessary to make your investments effective and reduce possible risks. 1. Understanding the nature of the Forex market Volatile Market: The Forex market is a m

7 Steps to Finding a FOREX Trading Strategy

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Having a clear Forex trading strategy is very important to making profits and minimizing risks in the Forex market. Here are the steps you can follow to develop your own trading strategy: 1. Learn Forex Basics: Understand how the Forex market works including the different currencies, factors that affect exchange rates, and when the market is open. 2. Set your trading goals: Think about your financial goals and how long you want to trade. These goals will help determine your trading style. 3. Cho

What is Swing Trading?

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Swing Trading is a stock market trading strategy. where investors will attempt to profit from price movements in the short to medium term. Stocks are typically held from several days to several weeks. To be able to capture the "swing" or price movement in the market. Investors using this strategy consider many factors, such as market trends, price action charts, and company fundamentals. to make a decision to buy or sell The most important thing is risk management and emotional control because S

OTC (Over-the-Counter) Market in FOREX Market

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OTC (Over-the-Counter) Market in FOREX Market The OTC (Over-the-Counter) market is a type of market that is different from a financial market that has a central market like the stock exchange. where financial instruments and instruments are traded among stock exchange companies that act as neutrals in transactions. Characteristics of the OTC market in FOREX: 1. No Central Exchange: - The FOREX market is an OTC market with no central market or place where trading takes place. Traders transact dir

Improving FOREX Trading Strategies

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Improving your foreign exchange trading strategy is an important step to optimize your strategy for profitability and risk control. Here are some steps you can take to improve your strategy: 1. **Analyse past trading results:** Review past trading results to know if your strategy is working well or not. Look at profit and loss. Identify areas that work well and areas that need improvement. 2. **Customize Parameters:** If you use a technical indicator or strategy that uses parameters, you can cus

What is whipsawed?

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Whipsawed is a term that describes a situation in which traders are forced to exit their positions due to rapidly fluctuating market movements. This situation usually occurs when traders use stop-loss orders to prevent losing too much money. If the market moves rapidly in the opposite direction to the trader's position, the trader's Stop-loss order may be triggered. And traders will be forced to exit their positions at a loss. There are many reasons why a trader might be whipsawed. Some of the m

Principles of using trailing stop-loss

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The principles for using trailing stop-loss are as follows: 1. Set the trailing stop to a percentage or amount of the current market price.** For example, if the trailing stop is set to 10%, the market price must move 10% in order to stop the loss. 2. Choose the type of trailing stop you want** There are 2 commonly used types of trailing stops: * **Fixed trailing stop** (Fixed trailing stop) is a trailing stop that moves at a fixed rate, such as 10%. For example, if the trailing stop is set to 1

If you want to make money trading FOREX, what principles do you need to understand?

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To make money from FOREX trading, you need to understand the basic principles of FOREX trading: * **The basic principle of FOREX trading** is the trading of various currencies between each other. The price of currencies will vary according to supply and demand. This means that if there is a demand to buy a currency more than a demand to sell it. The currency will have a higher price. and vice versa If the demand for selling a currency is greater than the demand for buying it. The currency will d

Questions you can ask yourself to evaluate your trading system

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Here are some questions you can ask yourself to evaluate your trading system: * **Does your system have a clear and easy to understand strategy?** Your trading strategy should have clear basic principles that you can easily explain to others. Your strategy should include answers to the following questions: * How are you trying to make a profit? * What information are you using to make your decisions? * How are you managing your risks? * **How often are the signals your system generates correct?*

How can you maintain your focus while trading FORX?

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Here are some tips to help you maintain focus while trading FORX: * **Set Your Trading Time:** Set a specific time limit that you will use for your trading and stick to it. It will help you avoid trading too much or when you are tired. * **Create a quiet environment:** Find a place that is quiet and free of distractions so you can focus on your analysis. * **Meditation or mindfulness:** Meditation or mindfulness can help you improve your focus and control your emotions. * **Take a break between

Recommend interesting books for those starting to invest in FOREX.

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For those who want to start investing in FOREX, the following books are interesting to help lay the foundation for knowledge and understanding of the FOREX market, including important trading strategies and techniques. These books have been written by experienced and successful FOREX experts. - Towards financial freedom with Forex by Dr. Nattawut Wongpanich This book is suitable for beginners who want to learn about the FOREX market from the basics to advanced trading strategies. This book cover

How to judge FOREX trends in the initial stages?

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Identifying forex trends at an early stage is important for traders who want to profit from market movements. While difficult to predict with certainty, But there are several techniques and indicators that can help you make informed decisions and increase your chances of success. 1. Observe price action Price action is the movement of the price of a currency pair over time. By analyzing price charts You can identify potential directional trends by looking for patterns of higher highs and higher

Pyramid scheme scams

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Pyramid schemes are a form of financial fraud. that invites investors to invest money in projects or businesses that do not actually exist Or is it just a scam to get new members to invest money? To provide returns to old members only. When the sharing circle has grown so large that it is no longer possible to find new members to invest. The sharing circle will collapse. Investors will not receive any returns. and may lose all investment Pyramid scheme scams There are various formats as follows:

Basic Forex Trading Strategy

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A basic forex trading strategy is a strategy that can be used by beginners to learn the basics of forex trading. These strategies are usually easy to learn and follow. And can give good results if used carefully. Some basic forex trading strategies include: - Price action trading. This strategy involves identifying patterns in the price of a currency pair and then trading based on those patterns. For example, a trader might buy a currency pair if the price breaks out of the trend. resistant or s

How important is fundamental analysis?

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Fundamental Analysis is the process of evaluating the value of securities. It looks at economic, industry and company fundamentals. Fundamental analysis aims to find out what a security's intrinsic value is and whether the security's current price is above or below its intrinsic value. Fundamental analysis is important to investors. This is because it allows investors to evaluate the value of securities with information and make appropriate investment decisions. Fundamental analysis can help inv

What are the key differences between a good analyst and a good trader?

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Good analysts and good traders play important roles in the financial system. But the two roles have several important differences. **Analyst** is responsible for collecting and analyzing information about financial markets. This information may include basic information such as company financial reports. Economic data and news Technical data such as past price movements and other information Analysts use this information to identify trends and investment opportunities. **Trader** is responsible

How to learn to trade FOREX systematically?

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Foreign exchange trading (Forex Trading) is a very popular investment nowadays. Because it is an investment that can generate high returns. But there is also a high risk. Therefore, if you want to be successful in Forex trading, you need to learn systematically and fully understand the risks. Here is a systematic way to learn Forex trading. 1. **Study the basics of Forex** First of all, it is necessary to study the basics of Forex well. This includes knowledge about exchange rates. Factors affec

Learning from experts is the fast path to success.

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Learning from the experts is the fast track to success in Forex trading. Experts can provide valuable knowledge and advice to retail traders. This can help retail traders save time and money searching for information and best practices. Here are some of the benefits of learning from experts: Knowledge and Experience: Forex experts have many years of experience in trading the markets. They can share their knowledge and experience with retail traders. Best Practices: Forex experts know how to succ

Setting goals in FOREX trading

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Setting goals in FOREX trading is very important to trading success. Because goals are the motivation for traders to be committed and dedicated to trading. It also helps traders measure their own progress. Goals in FOREX trading can be divided into 2 main types as follows: * **Financial goals** refers to the goal of earning profits from investing in FOREX. Financial goals can be divided into 2 sub-categories as follows. * **Short-term goals** For example, making a profit of 10% of the investment