Forex Trading Tips and Tricks - Managing Expectations

(This is a mini-series of Forex Trading tips and tricks by Eric Lye in his Forex Trading Blog.  Our objective is to help traders learn how to trade Forex properly, be educated and excel in their career)

I have been speaking to some of our traders lately.  One thing we noticed about the market is that there are days where the daily range is less than 100, 120...  This means when we went into some intra-day trades, we are not going to get much.


If you hang on to the risk-reward concept that is only looking at the absolute numbers, then you are going to feel miserable.


Adapt to the market, take whatever the market gives.  This would be my advice.  Or look at H4 to seek out the right level to go into intra-day trades, thus avoiding the small sub waves that can only give you 40pips reward.