Sniper Trading Strategy
Snipers or what are called Snipers in the military have the advantage of being patient, skilled in the weapons traders use, and the ability in the trader's body and mind to stay awake and alert for long periods of time in high pressure situations. Traders can apply this concept also in the way of forex trading.
In forex trading, traders need to have the above abilities, traders must improve these abilities every time in a disciplined and controlled manner, and traders need to overcome the temptation to over-trade (trading excessively). Traders must be able to 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 what he sees (too much trading), then his stock of bullets dwindles rapidly (the money) and fails to achieve what he expects in the market. The following are some tips that you can use in the way you carry out a sniper-style trading strategy in forex:
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 money in the forex market because of their impatience in forex trading.
There is a tendency for traders to "force" the way of trading based on the manifestation of the signals that traders see on the trader's chart, which they think will have a good effect, but what happens is the opposite. This is referred to as a “greed (greed)” as a result of not having the patience to trade. Traders must be able to control themselves in terms of trading if they want to be successful as a forex trader and become a sniper in forex trading.
Continuous Strategy Sharpening
A Sniper will continue to train for years to sharpen and perfect his shooting skills, and a Sniper knows exactly the target they are facing and shoots it at the right time. Likewise, traders must train with several strategies in forex trading that traders choose to apply to the forex market so that traders really know and understand what traders are looking for and see in traders' trading charts. However, the trader must do it even more, continue to hone the forex trading strategy the trader has chosen, because if the trader does not do it, the trader will never reach and become a sniper. And know, it will always take time to become an expert at anything.
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