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Strategy and Forex
Mitglied seit Jul 23, 2020
816 Posts
Dec 03, 2020 at 13:50
Calacti posted:
Forex trading strategies can be based on technical analysis, or fundamental, news-based events.There are various forex strategies that traders can use including technical analysis or fundamental analysis A good forex trading strategy allows for a trader to analyse the market and confidently execute trades with sound risk management techniques.
Both technical and fundamental are important. I need to track news event to trade. It may affect your technical analysis.
Dec 29, 2020 at 12:16
There are many good indicators. It all about what you understand the most and what works for you. By following other's suggested indicator we may make some temporary money but for long term sustainable success we need to find the indicator or system that works for us.
Mitglied seit Feb 24, 2020
10 Posts
Dec 30, 2020 at 10:36
It is important to choose the right strategy for yourself. And stick with it.
Mitglied seit Jul 23, 2020
816 Posts
Jan 15, 2021 at 17:30
Jordan5ith posted:
These days, traders can use many trading strategies, but the only problem is money management. If you are looking for maximum results on your trading strategy, you better understand the right money management approach.
Traders need both risk and money management to survive long in trading.
Jan 16, 2021 at 14:23
Jordan5ith posted:
These days, traders can use many trading strategies, but the only problem is money management. If you are looking for maximum results on your trading strategy, you better understand the right money management approach.
To make huge amount of profit you need a professional mindset and skills. Without skills consistent profit is not possible. Most traders forget this simple thing. They run for strategy without making themselves knowledgeable.
Mitglied seit Nov 05, 2020
16 Posts
Jan 19, 2021 at 07:23
harrymartinez posted:
I’m working on some great strategies on my demos these days. Can’t share much details since it is a work in progress. I’m using daily time frames and let’s just say that the indicators are the best thing for me right now. Got demos with Cmc markets, Etoro and Fxview. Let’s see where it goes from here. Happy trading!
I wish you all the best in your journey. Just stay focussed and you’ll do good :)
Mitglied seit Mar 17, 2021
494 Posts
Jul 06, 2021 at 12:17
UweMoench posted:
We need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following other's strategy.
Yes. Ready made strategy may not suit you.
Mitglied seit Aug 17, 2021
87 Posts
Oct 09, 2021 at 18:43
What Is a Forex Trading Strategy? A forex trading strategy is a technique used by a forex trader to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis or fundamental, news-based events.
Mitglied seit Jun 14, 2021
51 Posts
Oct 28, 2021 at 04:23
Having an effective strategy with proper money management is essential for any aspiring trader. The trader should also make sure about their consistency in their overall approach.
Mitglied seit Jul 20, 2020
385 Posts
Nov 04, 2021 at 08:10
Thorgahuginn posted:
It took me quite some time before I realised the best trading strategy for me. It takes practice and patience. If you want to develop a very good trading strategy then you need to develop it while you are still in your demo account. Do not rush into trading until you have a strategy that you are sure of.
Me too, it took a long time for me to tweak a strategy that is in line with my psychology and comfort level in risk and also holding time. Its a process many leave before even starting
Nov 04, 2021 at 12:25
@CraigMcG2020 Yes it takes time to find the right strategy that is aligned with our psychology. But unfortunately most don't want to spend that time in working on his skills and psychology.
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