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Does forex strategies usually work>
Miembro desde Jun 19, 2021
posts 48
Mar 06, 2022 at 07:51
I can easily blow all of these opinions out of the water in 5 min of a video chat/phone conversation with me.
*I kill pips for fun.*
Mar 06, 2022 at 23:13
If traders have the experience of using expert advisors, most ea need to upgrade, sometimes work on the market but when facing another market condition, maybe the system doesn't work correctly. this is one proof if forex strategy will work all the time
Miembro desde Jan 06, 2022
posts 18
Mar 11, 2022 at 07:55
Every market requires a different strategy. Some techniques are more effective in trending markets, while others are better in rage or volatile markets. Take some time to learn about the market you're in and what methods are most suited to those circumstances.
The more time you devote to learning and practicing a plan, the better you'll get at executing it. You'll have a better idea of what's working and what isn't if you take a thorough approach. It will be more difficult to establish what aspects are driving your performance if you modify your plan too frequently or add needless complexity. Stick to the basics and trade with the trend when in doubt to maintain the odds in your favor.
The more time you devote to learning and practicing a plan, the better you'll get at executing it. You'll have a better idea of what's working and what isn't if you take a thorough approach. It will be more difficult to establish what aspects are driving your performance if you modify your plan too frequently or add needless complexity. Stick to the basics and trade with the trend when in doubt to maintain the odds in your favor.
Mar 21, 2022 at 15:28
richardmarcus posted:
I am compartively new to trading and have many times came accross term like trading strategies can anyone explain me this it is just a myth or they work for real.?
Thanks in advance
Well, if you try to copy/paste others trading strategy or system, then surely you’ll suffer! In reality, most of the technical tool based strategies are meaningless in a long run, so don’t waste your time by following technical tool based trading tools! Try to learn chart reading (Price Action trading) strategy!
Mar 22, 2022 at 06:43
They work, but they may not always work. Strategies are small edges that traders get in the market. However, the market’s volatility is unforeseen. Due to which, your current strategies may not be applicable to future market situations.
Miembro desde Jun 19, 2021
posts 48
Mar 22, 2022 at 07:26
My strategy is I only trade pairs in ONE direction only and only trade it when I believe it is going in my direction. That is all. I never switch directions unless I see it is stopping or topped or reversal and I want to protect profit. I do not try to guess direction, hence chasing prices.
*I kill pips for fun.*
Mar 22, 2022 at 11:19
UweMoench posted:
Strategies work. But to work a strategy we need to know how to use that strategy. We also need to customize strategy according to our mind set. But for that you need good understanding of market.
True, there is no way to copy/paste others trading strategy or system! We need to build our own trading style manually! On the other hand, only indicator based strategies are meaningless according to my own experience!
Mar 23, 2022 at 07:38
Forex strategies may or may not work. They don’t work because they don’t fit in because of the current market situations. I think traders need to be flexible and have multiple strategies. So they can trade with the current market scenario.
Miembro desde Nov 06, 2018
posts 81
Mar 23, 2022 at 09:30
richardmarcus posted:
I am compartively new to trading and have many times came accross term like trading strategies can anyone explain me this it is just a myth or they work for real.?
Thanks in advance
You need a strategy in order to be successful and you need to stick to it. But yes, they do work.
Miembro desde Mar 17, 2022
posts 46
Mar 25, 2022 at 06:24
Forex trading strategies with an edge are mostly efficient. Traders should keep a check on the efficiency of the trading strategy by backtesting it.
May 09, 2022 at 05:27
They work but not always! Strategies fail because they remain no longer applicable to the currency market situations. Since forex is a dynamic market, traders have to be flexible with their strategies. So they can trade as per the market situations.
Miembro desde Feb 16, 2022
posts 60
May 09, 2022 at 14:31
Till now, Demo is the best way to learn Forex! I believe in no superstition because as long as you don’t sufficient knowledge on trading, no one can give you profit. Mental imbalance works as a bar to the way of earning profit. So, before descending on trading, make your mindset in a way that doesn’t inspire to take high risk.
Miembro desde Jun 07, 2021
posts 70
May 16, 2022 at 05:08
Yes, profits in forex trading are very relatable to the quality of strategies. Strategy is very important in trading but you should build strategy with deep analysis of the market and using all important tools such as patterns, charts, etc.
Miembro desde Jan 07, 2022
posts 9
May 16, 2022 at 14:38
whitneytyler posted:
Yes, profits in forex trading are very relatable to the quality of strategies. Strategy is very important in trading but you should build strategy with deep analysis of the market and using all important tools such as patterns, charts, etc.
So true. A strategy is just the output from analysis
