Avoid predicting the markets, Rather be reactive.

Sep 02, 2020 at 05:38
2,071 Views
44 Replies
Member Since May 31, 2021   48 posts
Jan 28, 2022 at 11:45
Strategies are always the most crucial part of the trading. But testing them before executing is more important. Always test the same strategy on different time-frames to trade efficiently.
Member Since Dec 29, 2019   11 posts
Jan 28, 2022 at 12:01
Это уже пройденный этап
Тише едешь дальше будешь.
Member Since Sep 02, 2020   14 posts
Feb 03, 2022 at 14:23
I find this thought brilliant. Well, for three months of trading on a demo account I have tried nearly everything. I tried to be guided by fundamentals only. I paid attention to volumes, but it all doesn’t seem reliable enough.
Finally, one thought came to my mind. I thought that it was a worthless thing to try to predict where it would go. It’s because market makers are smarter than us. We may think we are absolutely right and the way we think may seem absolutely logical but it’s not so.
I think one should ignore fundamentals and be guided by technical analysis only. The main thin is that you shouldn’t crack your head on price action patterns, various figure and so on. Instead, you should catch the very beginning of the move on smaller timeframes and be ready to enter the market at the most attractive price. The downside in this approach is that you need to monitor the asset you trade all the time. People think they can enter the market at any time but they are wrong. In fact, they have a few chances to do this and not to lose this opportunity they need to be very attentive.
Member Since Oct 29, 2021   70 posts
Feb 21, 2022 at 05:33
This is really a cool concept about trading. As a trader I have learned that predictions in the market should be based on both technical and fundamental analysis. Even when you have fundamentally analysed the pair, it’s always better to wait for the market reaction before making any decision in case there’s some big news event which may have an impact on the market.
Member Since Jan 20, 2022   31 posts
Mar 03, 2022 at 04:57
No, I don’t agree to this at all. Analysing market trends and price reversals has always helped me spot opportunities. Signals, patterns, charts and indicators are highly used by traders of all magnitudes and shouldn’t be ignored if you are planning to survive long in the market.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.