result from any strategies not only depends on trading skill or experience but also depends on the capability about your money management, so develop your MM and bring good result by scalping or others.
Nov 29 2019 at 16:59
Calculation of trading impulses plus real volumes
idreesj2016 posted:
Scalping is not really easy, you'r supposed to have years of experience and can predict the market with low number of pips and cut your losses extremely short and at some points let the wining trades run!
You can scalp without predicting the market. Find the trend on a higher timeframe and scalp in the direction of the trend
Dec 27 2019 at 22:26
Pivot points, supports and resistance with scalping does the trick for me
Trender
To become a trader is easy but to become a successful trader is tough. If you want to become a successful trader, you need patience, desire, luck and most importantly a bunch of knowledge about forex. You need to take right decision on right time. You also need a support while trading in the market. I use Tpglobalfx as my support. It always helps me to take right decision on right time at right place.
Jan 10 2020 at 09:01
Hope an pray! *lol*
A trader always has confusion which is good for him and which is bad. Sometimes they put their investment in the wrong place. So it is necessary for them to learn all the basics of forex and gather all the information about the forex market.
Feb 25 2020 at 15:04
JacoAF posted:thanks for the valuable advice
I feel a trader's trading strategy should be a reflection if his/her personality and background.
If you like taking big risks and thrive in an intense, almost chaotic environment, then perhaps a scalping strategy will suit you best. People who tend to be more extroverted and and have a sense of adventure will probably do well with scalping. But be warned, scalping on a demo account is exciting and a lot of fun. Doing this on a live account if you are inexperienced will be a wild emotional roller coaster, and a recipe for disaster.
If you have a great knack for managing your personal finance and are well disciplined with your savings, you may prefer a safer less-risky swing-trading strategy on larger time-frames like the 4-hour or daily charts. Most new traders will benefit from learning the basics first and then developing a personal trading strategy using market swings on the larger time-frames. It should teach you the patience and discipline to wait for the market to approach key support/resistance levels before entering or exiting a trade.
Then of course you have the investors. If you have a background in finance or business and understand the details of macro economics, then long investments would probably suit you best. Investing is more the art of analyzing economic and geo-political data to make investment decisions. Of course you will have to have substantial funds in you account, and be prepared to stick with your trades for weeks, months or even a few years.
Your background (work, social life) may also be key to understanding which trading strategy will suit you best. An engineer would enjoy the challenge of technical analysis, while an economist may prefer fundamental analysis. How much time do you have at your disposal? Limited time may warrant a 'set-and-forget' strategy like swing-trading. Scalping or active short-term swing trading requires more time. Are you trading part-time (do you have a day-job) or full-time?
I'm fortunate in that I work for myself. I have a small software development business. So basically I work from home on my projects, and it allows me to trade full-time. Due to my background as a programmer I prefer technical analysis over fundamental analysis, but I still prefer a swing-trading strategy. I also am constantly working on an automated system (EA's) to implement my manual trading strategy on my own web server (I develop eCommerce websites for my clients).
The point I'm trying to make here is this. You have to ask yourself a lot of questions regarding your personality, professional background, family life, available time, etc., and then sit and carefully decide which type of strategy will suit you best. Someone else's strategy may not work for you at all.
And take the advice from someone who paid his school fee's in trading. Over the last 7 years of doing this I realized that a trading strategy is not as important as a well developed trading plan. You will face many challenges in your trading career, try out many different trading strategies, face many emotions related to profits and losses. The only thing that can keep you profitable long-term, keep your sanity and not allow you to give up or worse blow up your account(s), is a trading plan. Think of it this way, the ONLY people who consistently make money in the long term, are people who treat trading as a business. And any successful business, anywhere in the world, has a well defined business plan. So your trading plan should be, in essence, your business plan.
Profitable trading all!!
Mar 01 2020 at 13:09
My best strategy is waiting for a good trend and proceed with the flow of it.
Mar 01 2020 at 13:12
aa33030 posted:You are so right on this, part of my trading style you just mentioned.idreesj2016 posted:
Scalping is not really easy, you'r supposed to have years of experience and can predict the market with low number of pips and cut your losses extremely short and at some points let the wining trades run!
You can scalp without predicting the market. Find the trend on a higher timeframe and scalp in the direction of the trend
Mar 06 2020 at 14:05
Mohammadi posted:
The trading strategy is really important to make profit with consistency. Basically according to our trading understanding we the traders have to select our trading strategies. It would be really great if we choose the broker which is more appropriate to the concept of trading that will be used , the traders who are scalpers have to choose the broker which allows trading concept such as this.
I scalp Gold a lot, but also swing trade GBP pairs mainly.
Well, it is the level trading that allows you to make money always on a wide variety of assets, and you are not tied to your workplace, you can easily combine trading with any other business or work and you will be able to keep up with it, I think that is exactly what you need
How can you choose only one strategy??? They're all so interesting. It seems to me that testing strategies and selecting the assets for which they are the most promising I like even more than making money. Although no - I lie, I like it madly too, especially when the profit is much higher than expected!!!
My main strategy is to avoid significant losses from the capital and to strive for regular income, and if we talk about indicators - I am always in search, I am always small, so I'm not going to stop.
I think that the most promising thing that can be done in the market is fundamental analysis, because it is the news that triggers the strongest movement, which always offers excellent prospects, because it saves time on analysis, and it is very convenient if you can trade for no more than two hours a day...
Mar 13 2020 at 03:16
Try not to loss all my hard earned money. That's my strategy.
Mar 21 2020 at 15:22
Shalinara posted:
I think that the most promising thing that can be done in the market is fundamental analysis, because it is the news that triggers the strongest movement, which always offers excellent prospects, because it saves time on analysis, and it is very convenient if you can trade for no more than two hours a day...
You don't have to use strictly fundamentals in order to limit your time spent on the charts :)
I use mostly technical and spend at most 1 hour on the charts every day. Works out well for me!
Fordrerne posted:Good going mate!
My main strategy is to avoid significant losses from the capital and to strive for regular income
Mar 28 2020 at 15:27
PeteLanceley posted:Mohammadi posted:
The trading strategy is really important to make profit with consistency. Basically according to our trading understanding we the traders have to select our trading strategies. It would be really great if we choose the broker which is more appropriate to the concept of trading that will be used , the traders who are scalpers have to choose the broker which allows trading concept such as this.
I scalp Gold a lot, but also swing trade GBP pairs mainly.
GOLD AND GB I LOVE MUCH TOO
Mar 28 2020 at 15:35
My Strategy are mixed and dynamic with the market movement, if it's Trending, I switch to high trend trading by taking profits in bigger pips, if it's Ranging market I switch to scalp type of trading, in summary market condition determines what strategy I will switch to.
