During discussion with many traders I found that they just stick to any one product and trade with it more emotionally.
Suppose if anybody is trading in USDINR from last one year, he gets emotionally attached with it and trades only USDINR.
Most of the successful traders are saying the same thing to focus only on one product.In such cases trader is emotionally attached and many times if there is no proper trade set up according to his strategy , still he creates a trade set up without applying his strategy or logic and used to trade in it wrongly which results in huge losses.
But I say learn price action strategy and apply it to all Commodity, Currency, and Nifty and Bank Nifty Markets.
Just scan all the markets at the end of markets. Find where you find your high probability trade set up and trade in that particular product.
This way you don’t get emotionally attached with any particular Commodity, Currency , Nifty or Bank Nifty Markets.
You just find a trade according to your strategy and trade with that particular market.
This will improve your trading results and you will have more options To trade with different commodity, Currency , Nifty and Bank Nifty .
You will enjoy trading. You will understand all the three markets in India commodity, Currency and Nifty , Bank Nifty.
But you should have a proper strategy which is equally applicable to all this three markets.
Price action strategy can be applied to all the Commodity, Currency and Nifty , and Bank Nifty markets to find a high probability trade set ups.
So enjoy all the three markets equally so that you will have more options for finding a high probability winning trade Set up.
Indian Currency market is best for positional trading .Swing trading or positional trading is ideal for USDINR , EURINR, GBPINR and JPYINR in Future Currency markets.
Generally indian currency markets opens with gap down or gap up which is good for swing or positional trading.
Commodity future market is ideal for both swing and intraday trading . Depending on the strategy you follow , you can better go for daily price action intraday strategy for commodity trading.
Commodity markets have more volatility which is good for trading.indian commodity markets moves same as international commodity markets move.
You can get good results in commodity daily price action intraday trading.
Nifty markets is one of the most popular and widely traded markets in India. Nifty index is having strong volatility which is extremely good for training.
Nifty is highly traded and one of the highly volatile market in India. You can trade nifty by following swing as well as intraday trading.
You can generate good results in intraday as well as swing training in Nifty and Bank Nifty Future markets. You can trade Nifty , Bank Nifty Future market using daily price action strategy for good results.
So you can enjoy all the three markets in India.
Happy Trading
Learn Jayant’s LIFE CHANGING PRICE ACTION TRADING COURSE and find HIGH Probability trade setups in COMMODITY , NIFTY , BANKNIFTY and CURRENCY . Check Jayant’s PRICE ACTION COURSE . Take your Trading to the NEXT LEVEL using PRICE ACTION STRATEGY.