Trading Success Formula

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Secret Formula of Intraday Trading Techniques

Table of Contents

Intraday Trading Techniques and Formula to earn Good Profit in The Stock Market

Now, it’s very easy to maximize the daily profit using Intraday Trading Techniques / Formula in NSE India. Stock market fluctuations every time gives trader surprises and therefore trader should be ready to accept and challenge the unexpected. With the proper Intraday Trading Tricks and knowledge, the trader can have the road to intraday trading success in the long run. As the name suggests, intraday trading is a type of trading when the shares are bought and sold on the same day. The risk associated with Intraday trading is very high then another trading. But, if the trader plays safely with the right trading rules, he/ she can have success in Intraday.

Here are some simple, easy intraday techniques that can help traders to win the stock market and plan their profitable trade.

Let’s have your eyeballs on some of the Simple Intraday Trading Techniques by the experts of Trading Fuel. Trading Fuel- pioneer Institute in providing live market practical training to budding intraday traders. In this regard, fresher should learn from the experts then put their shoe into Trading.

BASIC CANDLESTICK KNOW-HOW :

Green Candle and Red candle.

There are four prices in the candle.

If Open to close is high it is a green candle.

If open to close Below it is a Red candle.

Learn Intraday Trading Formula Of Break Out :

  • If Close is Above the previous Candle High.
  • It calls as a Closing Basis Break Out.
  • This Break Out is Useful for BUY.
  • If Close is Below the previous candle Low
  • It calls as a Closing Basis Break Out.
  • This Break Out is Useful for Sell Short.

Follow this Technical Intraday Rules :

  1. Useful for Nifty & Bank nifty ( Read More about – What is Nifty )
  2. Accuracy more than 75 % to 80 % in Intraday (Day Trading)
  3. Input 5 min chart (Need min to min chart)
  4. Focus on day first candle High and Low (DFC)
  5. Chance to earn every month minimum of 20,000 Rs. (Fix Income In Intraday Trading)

Intraday Trading Break Out Formula :

Sell Trade Success Techniques

  1. When the day first candle (DFC) gives closing below the low, the trader should punch the sell trade. The trader should focus on the close & close below low. The trader can get closing on any no of candle i.e 3, 4 or 5 candle. The next candle to closing candle will be a qualified candle to go for sell-side.
  2. Day first candle high and low difference will be first target for the trader to book profit.
  3. DFC high be where you should put stop loss
  4. you need to look for the second target at 3:25 pm

Buy Trade Success Intraday Techniques

  1. When the day first candle (DFC) gives closing above the high, a trader should punch the buy trade. The trader should focus on the close & close above High. The trader can get closing on any no of candle i.e 3, 4 or 5 candles. The next candle to closing candle will be a qualified candle to go for buy-side.
  2. Day first candle high and low difference will be first target for the trader to book profit.
  3. DFC low be where you should put stop loss
  4. You need to look for the second target at 3:25 pm

Gap Up or Down Open – Good News Or Bad News?

1. Previous Day High Above Open = Out Side Gap Up

2. Previous Day Low Below Open = Out Side Gap Down

INTRADAY BREAKOUT FORMULA WITHOUT GAP-UP OPEN:

If the market open at price higher then previous day high it’s said to be Out Side Gap Up Open. If the DFC candle (9:15 Am) with the gap up open price gives closing above high, go for a buy trade. Here the close above high is on 4 candles. 5 candle is a qualified candle to punch buy trade.

BREAKOUT FORMULA WITHOUT GAP – DOWN OPEN:

INTERPRETATION:

If the DFC candle (9:15 AM) opens below previous day low, it is said to be Candle with Gap down open price. If The Candle with Gap down price gives closing below the low, go for a sell trade. Here the close below low is on 2 candles. 3 candle is a qualified candle to punch sell trade.

More Latest Chart Banknifty :

The Secret Formula for Day Trading

Intraday trading is not as simple as it is made out to be. Before you get into the act of intraday trading, you need to learn the secret formula for intraday trading. Let us look at this formula that can help you to become a successful intraday trader.

Trading Rules to become a successful intraday trader:

  • Intraday trading is about focusing on and protecting your capital. Do not trade with big profits in your mind, instead of that focus on how much risk you are willing to take per trade. Once you learned about protecting your capital from depleting beyond a point, profits from day trading will automatically follow.
  • Don’t trade during the volatile market. Always trade with the trend. Intraday trading gives the best result when the momentum and direction of the market are predictable.
  • Never forget to keep stop loss. It is one of the keys to achieve success in day trading. Without a stop loss, you may end up holding positions with the unmanageable market to market loss.
  • Whatever trade setup you use for day trading, as an intraday trader you must know about right entry and exit point. You have to take three key decisions about when to buy, when to sell and when to sit tight.
  • Don’t panic when you are doing intraday trading, that leads you to take wrong and hasty decisions in the market.
  • Never try to recover your losses by overtrading. It is the golden rule for intraday trading. Overtrading will lead you to lose money in both ways.
  • Keep a record of your daily trade. It will help you to find your mistakes and really useful for you to become a better trader.
  • Whatever Intraday Formula you use for Intraday trading, first do backtest with past data and also in the live market. Once you are ready with backtesting, as per your risk management strategy you can use your intraday trading formula.
  • There is no golden key to become a successful trader, only practice makes you a good intraday trader. Practice, Discipline and Risk management is the key formula for successful intraday trader.

Lastly, We at Trading Fuel don’t use simple intraday techniques because they are good. We use them because they work.

Our trading methods are based on simple rules which anyone can easily adopt. They help us to act in time with perfect information and give best results. Our trading methods are tested and confirm that are accurate and profitable.

We impart training to investors and traders using our trading methods that can help you to become an independent profitable trader.

Prashant Raut is a successful professional stock market trader. He is an expert in understanding and analyzing technical charts. With his 8 years of experience and expertise, he delivers webinars on stock market concepts. He also bags the ‘Golden Book of World Record’ for having the highest number of people attending his webinar on share trading.

Thread: What is your success formula in forex.

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What is your success formula in forex.

Dear Forexianzzz, what is your success formula in fx, it my point of view to get success in fx we must have knowledge and experience and good forex strategies.so many from the for success in the fx,If we have these points, we are successful..

The following 3 users say Thank You to Asad sultan for this useful post.

hard work learning and knowledge is the basic success formula this is because forex trading business has ever changing condition all the time. In that regard, then all forex trader must continue to learn and continue to increase trading skill according to the latest forex market condition.

The following 2 users say Thank You to Sumiya for this useful post.

learning and hard working is the key of success the amount of forex trading knowledge is usually depend on the type of trading strategy we use for simple trading strategy we can start trading with simple trading knowledge on the way to identify trend direction, while for complex trading strategy will need more knowledge.

The following 4 users say Thank You to nabil1995 for this useful post.

To be successful in Forex trading I have worked very hard throughout my career in Forex trading and my total depend is on my knowledge and I have always dependent upon my knowledge and made it better for me and I have listened others and got guidelines from other members but I have decided according to my own knowledge and on we’ll and wish and this is the thing which is giving me good confidence and I am very happy with my performance here

The following 2 users say Thank You to Zee89577 for this useful post.

learning is the key of success i was no knowlwdge about trading but after joining demo account and mt5 forex forum i learn everything regarding trading now i am working in real trading account and earn from it. So if you have no knowledge then join this forum. Its a real teacher of you.

The following 3 users say Thank You to Aldchiraag for this useful post.

knowledge and experience the more knowledge and experience you will gather the more forex would be easy to you. Forex can be made an easy business by increasing knowledge and experience that is why never ever think that there is any end of forex learning.

My sucess formula is only hard working in market and learn the market behaviour . Time requires but it happened easily if you determind

The successful formula about Forex trading business I will tell you about some important points related to success and related to marketing so advise you putting a plus topper topper hair spending more and more time on Fire extinguishers when you die better conference and better learning availabilities and Biotechnology then you achieve your target and you have a conference about market London

Learning and hard working is the formula to be successful in forex, if we learn in the property of the market first and then do a lot of hard working in the market, then we can become a successful trader in the forex market. In the forex market, we should try to work as much as possible and try to understand it, we have to struggle a lot to get profit from the market..

Yes friend, I am fine with this thing of yours, if we want to achieve success in life, then we need hard work for that. Similarly, forex is also the thing that separates hard work from us if we work hard in it. If we do not see the forex codifree, then we will not know anything about it, even if we do not follow its rules, we cannot achieve success even if humans want to succeed in anything, then follow the rules and regulations.

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KPCD Formula for Trading Success

The KPCD Formula for Traidng Success

  • Knowledge to know when the odds are in your favour.
  • Patience to wait for that moment.
  • Confidence to enter the trade without hesitation
  • Discipline to manage the trade Properly and following the plan regardless of whether it goes in your favour or not.

To Conclude, Remember this or perhaps even sticky note them or post a print out on top of your trading monitor

Losing trades are going to happen just strive to make them great ideas that simply just did not work

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Risk money only on your best ideas, never justify a bad idea.

The 3-Step Formula for Finding Forex Success

Success within the world of forex trading is anything but a given, as risk is located around every turn. That being said, you should never let the potential risks associated with forex trading deter you from viewing it as a viable form of investing. Forgetting all the “get rich quick” and “instant success guaranteed” schemes that are consistently bouncing around the web, what you need to grasp is that while fast cash is unrealistic, slow-paced profits certainly aren’t out of the question. Having an effective long-lasting strategy can easily put you within touching distance of profit, with there being absolutely no doubt about that.

Understanding that you can indeed make the forex market your own is part of the battle, but confidence will only carry you so far. Helping you to figure out what’s what and what’s not when it comes to forex trading, we have compiled a three-step formula for finding forex success.

Step No. 1: Education

You shouldn’t—under any circumstances—start trading forex without understanding the demands and details involved with this form of investing. Before rushing in head first, learn about the history, strategy, terminology, and volatility associated with the realm of forex. You should also take the time to study the various philosophies surrounding market analysis. For example, margin and leverage trading allows you to use the “good-faith deposit” approach, which allows you to control larger trade sizes, magnify returns, and take calculated risks when navigating the market.

During the education process, you also need to take a long look at yourself, understanding if you have the capacity (whether it be financial or otherwise) to trade forex effectively. As an investment arena, forex can be treacherous, which is why you need to understand how you approach not only risk but also profit and loss, too. After committing plenty of time learning about what forex is and what it has to offer as a form of investing, you need to ask yourself if it is something that you are able to commit to over the long term.

Step No. 2: Training

Is there an element of luck involved with forex trading? However much it might be debated, on a small level, there probably is. That being said, the reality is that skill and knowledge are what separate the good traders from those who struggle to generate momentum. You need to train in order to become a better forex trader, as luck is certainly something that can’t be depended on in this domain. Through demo accounts (and other related tools), you can put a strategy into practice and test its effectiveness. You can also use such means to see how your trading budget would hold up under real market conditions.

After sharpening your skills through the use of a demo account , you are in a position to start forex trading with real money, but even then, you should still be “training.” With real money involved, training becomes a lot more personal, as you need to look at controlling your emotions and keeping a cool head. A trader who grasps the psychological factors of trading, along with the environmental factors, is a trader who is going to find success a lot easier to come by. When you’re ready to make your first deposit in a live account, you should use the same amount (as well as leverage level) that you used in your demo account so that you’re already used to the conditions.

Step No. 3: Knowing Yourself

It might sound somewhat over the top, but without knowing yourself as a person, you may just find that any forex trading efforts you put forward come up short. Natural instincts are key to forex trading success, as unlike with other forms of investing, you aren’t always going to be given time to take a decision. With historic and current currency information in mind, you are going to need to trust your instincts to take a decision at times of high pressure. If you can handle the heat that forex trading is sure to bring, and you have confidence to commit to a decision when it matters most, then the world of forex could well be a beacon of profit for you.

On top of that, you need to know enough of the market to not just understand its reactionary nature but also the importance of risk management. Knowing how to instill good risk management is absolutely pivotal to achieving forex success, as by protecting positions through stop-loss orders, you can always ensure that you are on the front foot when it comes to turning over profit.

Conclusion

There are simply no guarantees when it comes to trading forex, as every day is different and will often present new challenges. Anyone who decides to trade forex certainly needs to understand that risk can often wait around every turn, but with the three steps above, along with the backing of Valutrades, you can grasp what it means to find forex success.

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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