What is SWOT?
Every trade setup we spot on our chart has its own unique Strengths, Weaknesses, Opportunities and Threats. In business, we look at every business opportunity by analyzing its SWOT.
When we have more trading experience, the SWOT analysis will be done mentally very quickly and that is when we are in the stage known as “Unconscious Competence”. Trading then becomes more intuitive and we do it with much ease every time we look at our charts and execute our trade decisions.
Having done your SWOT analysis, you will much easier decide whether to take the trade setup or not.
You need to mitigate those risks (Threats) you identified. Remember, it is more a money management game we play with the other market participants than anything else. The method is not more than 10% of a winning trading system.
Example
For Academic Discussion....
Here with image of Currency Strength Vs Weakness Indicator.If you want this indicator ,Comments Below.....
Every trade setup we spot on our chart has its own unique Strengths, Weaknesses, Opportunities and Threats. In business, we look at every business opportunity by analyzing its SWOT.
When we have more trading experience, the SWOT analysis will be done mentally very quickly and that is when we are in the stage known as “Unconscious Competence”. Trading then becomes more intuitive and we do it with much ease every time we look at our charts and execute our trade decisions.
Having done your SWOT analysis, you will much easier decide whether to take the trade setup or not.
You need to mitigate those risks (Threats) you identified. Remember, it is more a money management game we play with the other market participants than anything else. The method is not more than 10% of a winning trading system.
Example
Here with image of Currency Strength Vs Weakness Indicator.If you want this indicator ,Comments Below.....
I need Currency Strength Indicator.
ReplyDeletei will upload let's se more demand..lol
ReplyDelete