i always feel to become successful by using trading strategy is not possible very rapidly , because only a powerful trading strategy cant give you more something , besides this lots of trading elements you have to make sure including unforgiving discipline.
Sep 17 2020 at 11:04
Forex trading is not an easy task. The complete process depends on the strategy you make to earn money from this market. So, make a good strategy and make money from this market.
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.
Oct 07 2020 at 07:02
That’s true, a powerful strategy is a great weapon in trading. The game of trading revolves around the best strategies only. You need to develop your strategy to get the best accurate results. Without having a successful strategy, it is difficult to make constant profits. Don’t copy others strategies and rely on them as what works well for them may not work for you. Also, money management is vital as it helps you to make a right budget.
Oct 26 2020 at 07:12
I agree. Forex trading is not an easy task. You have to be passionate to learn every moment.
Dec 03 2020 at 09:35
If you want to succeed in the forex market, you must learn technical analysis and fundamental analysis.
Forex isn't any child's play. If we actually want to do good here, we have to form strategies that work for us and bring profitable results for which analysis is super important.
Dec 03 2020 at 13:50
Calacti posted:Both technical and fundamental are important. I need to track news event to trade. It may affect your technical analysis.
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.
Dec 29 2020 at 11:18
I agree with you. Proper money management is the most important aspect along with careful attention to risk management. It can be beneficial for every trader.
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.
Forex trading strategies can be broken down into a wide variety of categories depending on what type of trade they use, the time taken to complete the transaction, and a host of other important factors.
Scalping is risky especially for newbies. By doing scalping a newbie becomes habitual to lot of trading which leads to over trading. And over trading leads loss. Later it becomes very difficult to change the habits.
Dec 30 2020 at 10:36
It is important to choose the right strategy for yourself. And stick with it.
Jan 15 2021 at 09:51
Balint364674yy posted:That’s the simplest way of looking at it. I know traders that keep experimenting with strategies and even combine them at times to get better results. I don’t think one strategy would work on every pair and trade. Some of them even choose pairs according to their strategy. I think it's more of an individual preference.
It is important to choose the right strategy for yourself. And stick with it.
Jan 15 2021 at 12:57
I was trying my hands on some indicators with price action. Scalping didn’t really work for me though and blew my demo pretty soon. However, the fibonacci retracement has been very good for me to look for support, resistance in the market. It is quite interesting to work on strategies and I’m fond of this aspect in forex.
Jan 15 2021 at 13:47
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.
Jan 15 2021 at 17:30
Jordan5ith posted:Traders need both risk and money management to survive long in trading.
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.
I think money management is one of the main things to sort out when it comes to trading. I have a set percentage I risk and won’t go over that no matter what happens.
Jan 16 2021 at 04:21
Garrywilson posted:I can second that for Fibonacci. It is really good for my short term charts. I used it on my GBP/USD weekly price chart and I applied it at the starting point. Turned out well for me. I’ve been using Mt5 and Acttrader for some time now. Both are customisable and easy for me to use. The multiple charting options are a big perk.
I was trying my hands on some indicators with price action. Scalping didn’t really work for me though and blew my demo pretty soon. However, the fibonacci retracement has been very good for me to look for support, resistance in the market. It is quite interesting to work on strategies and I’m fond of this aspect in forex.
Jan 16 2021 at 09:43
Looking for a profitable strategy so that I can stick to it like all the other traders out there. Any suggestions?
