Go for Quality and Quantity in Trading

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Go for Quality and Quantity in Trading

It wouldn’t take a genius to realize that most people’s lives today revolve around quantity. You might often ask yourself how much you earn, how many e-mails you send and receive every day, and how much food you eat in a day or week. Numbers have become very vital elements in our and we have compromised quality leaving it behind amongst other not so important things. Moreover, with regards to acquiring more, most of us rely on trading which is an easier way to acquire more cash. The sad thing though is that trading does not give your rewards for trading as much as you can. It actually rewards you for acquiring quality and promising trades.

FOR THE LOVE OF QUANTITY

There are some common themes that you will most likely see in trading. These themes basically influence traders to over trade thereby letting their trading capitals to dwindle with trades that are of low quality. One of the themes is that of having an idea that if you make say for example, $100 on a single trade then you can make a thousand if you make ten trades. The other theme is that humans love finding reasons regardless of how illogical it is. For example, when your brain directs you to take a trade (probably out of boredom), it will begin giving you information to make sure that you will make that trade. This means that when there’s no reason for you trade, your brain creates such reasons.

MOVING TOWARDS QUALITY

The first theme mentioned above may be mathematically true. There are basically lots of opportunities every day. The amount of top quality opportunities you can find shall rest on the strategy that you will be using. However, you cannot stop great opportunities from arising. Whether these opportunities show up or not, what you have is only what you can trade. There will be some days without any trade at all while in other days there will be an abundances of trades. It takes discipline and patience to grab those promising opportunities the moment they surface. When you have patience then you can get quality results. If you try to over trade you will most likely lose trade and lose profits from possibly good trades.

The second theme mentioned above is quite difficult to beat. The initial step is to make sure that you have a comprehensive trading plan which tells you why and when you can get inside and outside of probable trades. If your brain is telling you something that is not in your plan, then do not bother taking the trade. This situation is hard to control but very slowly you can learn how to control your urges. You have to discipline yourself and stick to your plan even when your brain is already telling you to make the trade. When you are in a dilemma of sticking to your plan try to outwit your brain to stick to your plan.

PUTTING EVERYTHING TOGETHER

Amazing traders make trades once a price is very near specific levels or going through precise conditions. Once price conditions or levels are not there, good trader try to explore reasons to do away with these trades. As for bad traders, they look for reasons to take trades at whatever level no matter its importance or regardless of the specificity of the present condition.

There is a huge market outlook difference between a poor and a good trader. A good trader is an opportunity seeker who seeks towards only high possibility times. On the other hand, a poor trader tries creating opportunities everywhere and in the end losing his capital.

Trading is actually about quality. You have to focus your goals on the refinement of your strategy in order to generate a number of signals that are of high probability. Put in mind that there are days that do not have a lot of good opportunities. You also need to be well disciplined on keeping your capital for those probable good days.

FINALE

Every money that you randomly waste through undisciplined and low probability trade is money that you can no longer use once there are good opportunities. Our world revolves by the pursuit of quantity. Never fall for this adventure and it is by then that you trading life can improve.

Quality vs. quantity in Forex trading profession

MoneyTec › Forums › Beginners Forum › Quality vs. quantity in Forex trading profession

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This topic contains 1 reply, has 2 voices, and was last updated by FXGuru 7 months, 2 weeks ago.

Do you want to trade Forex? If yes, why? If you ask this question from beginners, 90% of the traders will not have an answer because they don’t know. They don’t enter the market with a clear vision. Instead, they just want to trade because everyone says that trading is profitable. Well, this is one of the reasons why beginners are struggling to thrive in the market. If you are a beginner, you shouldn’t let yourself fall into this category. If you did not have any interest or aim till now, you must set a goal.

After reading this article, think about why you are entering or have entered the Forex market. What is your goal? Likewise, talk to yourself to get the clarity that you want. The traders in the United Kingdom don’t trade just because they have to. This is why they have become successful. If they are trading, they know why they are doing it. They have a goal, and they follow it. Even if someone asks from them, it will be pretty easy for them to answer. But on the other hand, beginners are dumbfounded. If you want to have a clear mindset like the traders in the United Kingdom, you should focus on two things: quality and quantity.

Pro trader’s action

The pro traders never rely on overtrading the market. They trade the market like a sniper. You don’t need to execute too many trades secure the best possible trade setups. Analyze the daily time frame by using the SaxoTraderPro platform and you can easily filter out the best possible trades. Keep things simple to find the best possible trades.

Quantity vs. quality

Why do you think you should have a proper understanding of quantity and quality? Before we explain it, we’d like to advise you to use the demo trading account. Even after reading this article, you might feel like experimenting with the concept. If so, you should use the demo account because you can practice or trail for free. Why should you miss this chance? Now, back to the point. What does quantity in trading means? What does quality in trading means? Both quality and quantity are related to trades.

If you are trading with the interest of making more money in a short time, you will be focused on the quantity. You will try to trade as much as trades as possible. And this is not what successful traders do. If you want to be successful, you should focus on quality. For example, even if you focus on one trade, you should do it perfectly. The entire procedure of entering into the trade should be well-planned and executed. That sums up the terms, but there is more to this.

Don’t make profits for your broker

Indirectly you are making money for your broker even though you are not making money for yourself. Normally, the commissions and spreads will not let you grow your account, and it happens because of your mistake. If you are overtrading, you will lose the profit earned. Just like the casinos, the more the gamblers play, the higher the income. If you don’t want this to happen, you should limit your frequency. Don’t try to trade too much!

You’ll be addicted, but don’t

There are enough things that people are already addicted, don’t let trading fall into that category. You should try to focus on the better said. Think about the disciplined traders who are making money, did they get addicted? They did not because they maintained the balance. You should do your best to maintain the balance because if you become addicted, it is hard to break.

Summary

Once you read this, you will understand that quality is always better than quantity. Hence, try to focus more on trading the best trades without worrying about the number of trades. Your goal should be to become successful if so you will not become greedy!

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