Sniper Style Trading, Fast Entry and Exit
This sniper technique needs to go through several stages in decision making in order to reduce the chance of loss. One thing to learn from a sniper is that in some situations, a little shooting is really needed. There are 4 strategies used in the sniper technique, namely using the main time frames D1 and H4, time frames D1 and H1 have a higher level of accuracy compared to lower time frames below such as M5, M15, M30.
The use of sniper techniques that traders need to have is the ability to be disciplined and controlled at all times, and traders need to overcome the temptation to over trade (trading excessively). Traders must consciously control their body and mind. For traders who can choose and determine how to trade forex wisely, like a sniper, are those who are successful in trading over a long period of time, compared to those who trade like Rambo, by shooting in all directions he sees (too much trading) , then the supply of bullets dwindled rapidly (the money) and failed to reach what was expected in the market. The first step that traders must make if they want to trade forex is like a sniper and not like Rambo.
1. Be patient
One of the main characters of a sniper is patient. Patience is like a magic recipe for a sniper on the battlefield. Patience is also a magic recipe for traders who want to become a sniper in forex trading. Often a novice trader loses their money in the forex market because of their impatience in forex trading.
2. Hone a Continuous Strategy
Snipers are trained to have strategy and the ability to shoot high and accurately so they can hit the target with just one shot even from a considerable distance.
As with snipers, traders must also have full strategies and abilities in the forex market. Beginner traders often lose their way, because traders think that the more indicators used, the better to analyze the market. In fact, there is no need to input many kinds of indicators to analyze a currency pair. Only one or two indicators are used to analyze. If there are too many, then what happens is confusion, especially if the trader is too able to read the indicator.
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