Forex Professionals don't trade every day

Professionals have to be very patient like lions.Lions don't hunt 20 times a day.Don't need to trade everyday, 20 times a day.

Bill Lipschutz a great currency trader also agrees that less is more with the following quote.

If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.
“How come you’re not trading?” The fact of the matter is, if most traders would learn how to sit on their hands 50 per cent of the time, they would make a lot more money.

‘Let’s say you take one position each day over a period of 250 trading days in a year. You know what it’s going to come down to? It’s going to come down to five trades, three of which are going to be horribly wrong and you are going to lose a fortune, two of which are going to be amazingly right and you are going to make a fortune. And in between, the other 245 times are not going to matter – you’ll make a little and lose a little. They will be all those times when you should probably be sitting on your hands, and you’ll be scrambling to get out even, or you are not paying attention and losing a large amount when there was a low probability of profiting on the trade to begin with. It all really comes down to a few decisions.

An analysis was done using automated trading advisors on gbp usd and eur usd. Avoiding the first 4 trades per instrument per day,resulted in a 40% increase in profit per trade.In fact, the more trades you take, the less of a chance you’ll have at becoming consistently profitable. This is especially true when you are just starting out in the Forex market.

Anylysis of 50,000 trades.

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