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Forex Trading Strategies

Mar 14, 2017 at 07:31
399 Angesehen
9 Replies
Mitglied seit Feb 24, 2017   22 Posts
Mar 14, 2017 at 07:31
ITRADER trading strategies:

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.
Mitglied seit Feb 12, 2016   427 Posts
Mar 14, 2017 at 15:20
You are right. There is no formula to success because of the non-stop changes in the trading industry. The same applies with your strategy – today, it may be the best strategy, but tomorrow – useless.
Accept the loss as experience
Mitglied seit Jan 02, 2017   10 Posts
Mar 22, 2017 at 07:30
I think every trader has his own strategy. Some use well-established strategies, some design their own strategy from scratch and others use a combination of strategies.
Mitglied seit Dec 27, 2016   14 Posts
Mar 23, 2017 at 07:33
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.
Mitglied seit Oct 05, 2016   10 Posts
Mar 24, 2017 at 07:07
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.
Mitglied seit Oct 09, 2016   15 Posts
Mar 26, 2017 at 07:05
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.
Mitglied seit Feb 24, 2017   22 Posts
Mar 30, 2017 at 06:52
Thank you Guys, excellent response! love all the ideas=)
Mitglied seit Dec 22, 2016   20 Posts
Mar 31, 2017 at 00:57
I think what matters the most is having the discipline, unless you don't know how to discipline yourself you cannot reach your goal. Better to suffer for now and enjoy later right?
Mitglied seit Apr 18, 2017   45 Posts
May 07, 2017 at 06:57
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!
Mitglied seit Apr 18, 2017   718 Posts
May 07, 2017 at 07:23
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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