1. Choosing the Discipline 2. Choosing the Partner
There is no single formula to success in Forex trading. The Forex market is a place with constantly-changing prices and these changes are very significant from one day to another. To anyone trading in market, it is often advisable to have a strategy of some type. Your trading strategy will play an important role on your success. With a strategy, traders can focus on situation in which the market may be giving them the best probabilities of winning.
One of the main goals of my price action strategy is to keep my charts clean. The only thing I place on my charts are support and resistance areas. I use these support and resistance areas in conjunction with candlestick analysis to trade Forex. Packing my charts full of indicators would make it impossible for me to read price action.
Having a winning trading strategy is, without a doubt, a prime point for you to achieve the longed-for success as a trader. Thousands of people browse every day in search of perfect trading strategies that will make them earn money. Do you know how long it can take you to find a strategy that can be profitable? Much more than you think.
Basically, there are two types of systems or strategies: Discretionary systems and mechanical systems Discretionary systems and mechanical systems. The signals that occur in mechanical systems are mainly based on technical indicators (or graphic patterns) applied in a systematic way. On the other hand, discretionary systems use experience, intuition and judging every moment to determine market signals.
You are absolutely right, there is no specific formula of success! That’s way, don’t believe on Holy Grail trading strategy, 100% doesn’t exist in Forex! At the moment, I am comfortable with my personal trading strategy even though I get 70-73% accuracy from this trading system! I can recover my losing positions too early because of using higher profit ratio, I use multiple TP positions in a trade!
My trading system is news trading! During high voltage news session I use all of popular Economic Calendar to collect latest update of fundamental events! Then I go for final decision! Yes, I do only news trading and Forex trading is my part time job! Besides, I have no plan with technical analysis!
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UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Všechny údaje a informace jsou poskytovány "tak, jak jsou". pouze pro informační účely a nejsou určeny pro obchodní účely nebo rady.
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