In forex you do not just come up wit a trading strategy, you come up with a good trading strategy or a perfect trading strategy depending on what you have going on. The better the trading strategy the more results you will yield. And always remember that you should come up with your own strategy because people are different.
KhoiDam
If you want to make it a success in forex the you need to come up with a trading strategy that works. Coming up with one is easy but coming up with none that actually yields results is the difficult part. You need a lot of knowledge to come up with the best strategy. Do not just copy.
Dec 28 2020 at 19:15
Making money from this market mainly depends on your broker. If your broker is reliable, regulated and good service provider, you can easily make money from this market.
Each Forex trading strategy implies a number of security rules that it makes sense to adhere to to achieve greater productivity and reduce the risk of serious drawdowns on the deposit.
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
Jan 06 at 08:12
thats true but in my case i believe the 1 min charts are more helpful and it can give decent profit and loss
Jan 19 at 08:52
It is not at all easy to establish a strategy that will bring about profits. There is no such guarantee. Every trader has to work for it.
Jan 21 at 05:25
Roberto21 posted:
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
I think if you have a small balance you can use the micro accounts until you dont perfect scalping. There are many scalpers which are using their own scalping strategies using automated trading scripts per day to rapidly trade the securities.
Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.
Jan 21 at 09:37
There are many methods through which you can trade smaller timeframes.It’s good that you’re using smaller capital size. This will reduce the risk automatically. Scalping itself means that you are doing very small trades to earn a big profit in the sum total of the trades. So I would suggest go as low as possible to reduce the risk; after gaining experience you may increase the investment amount on your own capacity.
