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What is your trading strategy ?

Imamul
Nov 28 2019 at 09:59
562 posts
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.

VelesSystem
Nov 29 2019 at 16:59
4 posts
Calculation of trading impulses plus real volumes

aa33030
Dec 22 2019 at 23:01
24 posts
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

ProfitableRisks (ProfitableRisks)
Dec 27 2019 at 22:26
38 posts
Pivot points, supports and resistance with scalping does the trick for me

Jonny87
Jan 07 2020 at 13:11
34 posts
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.

MRodrigez (MRodrigez)
Jan 10 2020 at 09:01
168 posts
Hope an pray! *lol*

Brahma23
Feb 16 2020 at 16:59
27 posts
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.

Markus6452829h
Feb 25 2020 at 15:04
6 posts
JacoAF posted:
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!!

thanks for the valuable advice

Profits
JapaneseGroupFx (JapaneseGroupFx)
Mar 01 2020 at 13:09
77 posts
My best strategy is waiting for a good trend and proceed with the flow of it.

Profits
JapaneseGroupFx (JapaneseGroupFx)
Mar 01 2020 at 13:12
77 posts
aa33030 posted:
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

You are so right on this, part of my trading style you just mentioned.

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