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What is the best strategy used as a new trader?
Členem od Jan 24, 2021
3 příspěvků
Jan 24, 2021 at 19:52
My main strategy with being a new trader has been with using price action through top down analysis along with support, resistance and trend lines. Ive been thinking about adding some indicators as well as so far started using the EMAs. In the future im thinking maybe Fibonnaci can help with catching more accurate retracements. Anyone else have experience with any indicators they think are really good to start off with? Or implement them in their price action strategy? Just wanting to get some input and ideas!
Reinvent Your wheel ~ Its not about the cards you've been dealt, its how you play them!
Členem od Nov 03, 2020
72 příspěvků
Jan 25, 2021 at 08:41
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Členem od Jul 20, 2020
286 příspěvků
Jan 27, 2021 at 21:41
ddarko3 posted:
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Yes, you are right you can use this element to get the basic idea first.
Členem od Jan 13, 2021
50 příspěvků
Jan 28, 2021 at 19:18
I find rsi a really good way to trade and scalping
Členem od Jan 22, 2021
126 příspěvků
Jan 29, 2021 at 17:05
I think you are pretty well versed with the analytical tools so i would suggest that you should test your new strategies with indicators on a demo account. This helps you to retrace accurate findings that help you to trade.
Členem od May 10, 2018
76 příspěvků
Jan 29, 2021 at 17:35
The problem is new traders move from strategy to strategy too quickly. Find a strategy that fits your trading style and perfect it. Learn to be a better trader.
Give the best strategy to a bad trader and they will still lose money.
Give the best strategy to a bad trader and they will still lose money.
Členem od Jan 17, 2021
29 příspěvků
Jan 29, 2021 at 18:50
test every system you can read about...but test it in real account...have a very high leverage in your account, but use the lowest leverage possible in your trades. Be patient.
Členem od Nov 19, 2020
10 příspěvků
Jan 30, 2021 at 13:27
i use just over buy and over sell RSI That its
Členem od Jul 20, 2020
286 příspěvků
Jan 31, 2021 at 01:47
New traders should usually work with indicators to know the basics. Basic concepts need to be created by analyzing different types of indicators such as moving average, RSI, Bollinger bands, etc.
Členem od Nov 20, 2020
1 příspěvků
Jan 31, 2021 at 11:08
Damayanti posted:
i use just over buy and over sell RSI That its
that's it... big like
Členem od Jan 24, 2021
3 příspěvků
Feb 02, 2021 at 18:55
I want to get more into using Fib retracement and MACD but am a bit confused on how exactly to use them.
Reinvent Your wheel ~ Its not about the cards you've been dealt, its how you play them!
Členem od Jan 21, 2021
49 příspěvků
Feb 03, 2021 at 11:37
No strategy is the best strategy, I believe every individual has their own trading style and trading strategy as per their investment and their expectations.
Most of the people change their strategies very quickly, it takes time and effort to make the best strategy. Test your strategy before investing. Stick to your plans, learn from mistakes and keep improving till you succeed.
Most of the people change their strategies very quickly, it takes time and effort to make the best strategy. Test your strategy before investing. Stick to your plans, learn from mistakes and keep improving till you succeed.
Členem od Nov 16, 2020
12 příspěvků
Feb 04, 2021 at 10:54
ddarko3 posted:
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
These both indicators are very good because they give us the correct position of the trade and when to enter/exit.
Členem od Nov 10, 2020
19 příspěvků
Feb 05, 2021 at 06:04
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
Členem od Nov 16, 2020
12 příspěvků
Feb 05, 2021 at 10:17
PercymcDonnell54 posted:
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
Slippage becomes a considerable factor when we day trade because if the spreads are high we can suffer loss. The brokers also become very important in your strategy because spreads and leverages are offered by brokers. When I started demo trade to test out the brokers I finalized on Fxview and Robinhood because they fit into my strategy. So do think about the brokers.
Členem od Nov 10, 2020
19 příspěvků
Feb 06, 2021 at 05:44
josejames posted:PercymcDonnell54 posted:
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
Slippage becomes a considerable factor when we day trade because if the spreads are high we can suffer loss. The brokers also become very important in your strategy because spreads and leverages are offered by brokers. When I started demo trade to test out the brokers I finalized on Fxview and Robinhood because they fit into my strategy. So do think about the brokers.
Yes absolutely slippage and spreads are the real deal breakers while choosing a broker.
Členem od Oct 16, 2020
125 příspěvků
Feb 06, 2021 at 08:08
ddarko3 posted:
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Thanks for sharing.
Členem od Aug 27, 2017
875 příspěvků
Feb 08, 2021 at 10:27
Forex market or forex trading i think is completely secure but
it depends on your broker performance , because without a broekr you cant a trade at all.
it depends on your broker performance , because without a broekr you cant a trade at all.
keeping patience.......
Členem od Jul 27, 2020
79 příspěvků
Feb 08, 2021 at 12:43
Indeed, security depends on the broker you plan to trade with.
Členem od Jan 22, 2021
126 příspěvků
Feb 12, 2021 at 11:15
I always use bollinger bands to predict the movement of currency pairs. Along with bollinger bands I use MACD and RSI to get the clear idea of overbought and oversold volumes. Combination of these three always helps me too keep my trade success around 80%.
