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Strategy and Forex

Imamul
Sep 17 2020 at 10:02
685 posts
i always feel to become successful by using trading strategy is not possible very rapidly , because only a powerful trading strategy cant give you more something , besides this lots of trading elements you have to make sure including unforgiving discipline.

GeorgeBischof
Sep 17 2020 at 11:04
318 posts
Forex trading is not an easy task. The complete process depends on the strategy you make to earn money from this market. So, make a good strategy and make money from this market.

Calacti
Oct 07 2020 at 06:55
37 posts
Forex trading strategies can be based on technical analysis, or fundamental, news-based events.There are various forex strategies that traders can use including technical analysis or fundamental analysis A good forex trading strategy allows for a trader to analyse the market and confidently execute trades with sound risk management techniques.

inspirenez
Oct 07 2020 at 07:02
59 posts
That’s true, a powerful strategy is a great weapon in trading. The game of trading revolves around the best strategies only. You need to develop your strategy to get the best accurate results. Without having a successful strategy, it is difficult to make constant profits. Don’t copy others strategies and rely on them as what works well for them may not work for you. Also, money management is vital as it helps you to make a right budget.

blandpatsyy
Oct 26 2020 at 07:12
42 posts
I agree. Forex trading is not an easy task. You have to be passionate to learn every moment.

Martingupttil
Dec 03 2020 at 09:35
38 posts
If you want to succeed in the forex market, you must learn technical analysis and fundamental analysis.

steve_25
Dec 03 2020 at 11:07
38 posts
Forex isn't any child's play. If we actually want to do good here, we have to form strategies that work for us and bring profitable results for which analysis is super important.

LyudmilLukanov
Dec 03 2020 at 13:50
795 posts
Calacti posted:
Forex trading strategies can be based on technical analysis, or fundamental, news-based events.There are various forex strategies that traders can use including technical analysis or fundamental analysis A good forex trading strategy allows for a trader to analyse the market and confidently execute trades with sound risk management techniques.

Both technical and fundamental are important. I need to track news event to trade. It may affect your technical analysis.

Coreyarren
Dec 29 2020 at 11:18
28 posts
I agree with you. Proper money management is the most important aspect along with careful attention to risk management. It can be beneficial for every trader.

Michihito
Dec 29 2020 at 12:16
298 posts
There are many good indicators. It all about what you understand the most and what works for you. By following other's suggested indicator we may make some temporary money but for long term sustainable success we need to find the indicator or system that works for us.

Stonesong
Dec 29 2020 at 19:18
128 posts
Forex trading strategies can be broken down into a wide variety of categories depending on what type of trade they use, the time taken to complete the transaction, and a host of other important factors.

Michihito
Dec 30 2020 at 09:47
298 posts
Scalping is risky especially for newbies. By doing scalping a newbie becomes habitual to lot of trading which leads to over trading. And over trading leads loss. Later it becomes very difficult to change the habits.

Balint364674yy
Dec 30 2020 at 10:36
10 posts
It is important to choose the right strategy for yourself. And stick with it.

marnuslabushane
Jan 15 2021 at 09:51
40 posts
Balint364674yy posted:
It is important to choose the right strategy for yourself. And stick with it.

That’s the simplest way of looking at it. I know traders that keep experimenting with strategies and even combine them at times to get better results. I don’t think one strategy would work on every pair and trade. Some of them even choose pairs according to their strategy. I think it's more of an individual preference.

Garrywilson
Jan 15 2021 at 12:57
37 posts
I was trying my hands on some indicators with price action. Scalping didn’t really work for me though and blew my demo pretty soon. However, the fibonacci retracement has been very good for me to look for support, resistance in the market. It is quite interesting to work on strategies and I’m fond of this aspect in forex.

Jordan5ith
Jan 15 2021 at 13:47
42 posts
These days, traders can use many trading strategies, but the only problem is money management. If you are looking for maximum results on your trading strategy, you better understand the right money management approach.

LyudmilLukanov
Jan 15 2021 at 17:30
795 posts
Jordan5ith posted:
These days, traders can use many trading strategies, but the only problem is money management. If you are looking for maximum results on your trading strategy, you better understand the right money management approach.

Traders need both risk and money management to survive long in trading.

Jim_B
Jan 15 2021 at 18:44
24 posts
I think money management is one of the main things to sort out when it comes to trading. I have a set percentage I risk and won’t go over that no matter what happens.

Christopher332
Jan 16 2021 at 04:21
23 posts
Garrywilson posted:
I was trying my hands on some indicators with price action. Scalping didn’t really work for me though and blew my demo pretty soon. However, the fibonacci retracement has been very good for me to look for support, resistance in the market. It is quite interesting to work on strategies and I’m fond of this aspect in forex.

I can second that for Fibonacci. It is really good for my short term charts. I used it on my GBP/USD weekly price chart and I applied it at the starting point. Turned out well for me. I’ve been using Mt5 and Acttrader for some time now. Both are customisable and easy for me to use. The multiple charting options are a big perk.

marnuslabushane
Jan 16 2021 at 09:43
40 posts
Looking for a profitable strategy so that I can stick to it like all the other traders out there. Any suggestions?

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