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a good trading strategy
Dec 28, 2020 at 11:41
Miembro desde Dec 28, 2019
posts 18
If you want to make it a success in forex the you need to come up with a trading strategy that works. Coming up with one is easy but coming up with none that actually yields results is the difficult part. You need a lot of knowledge to come up with the best strategy. Do not just copy.
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Jan 21, 2021 at 05:25
Miembro desde Nov 05, 2020
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Roberto21 posted:I think if you have a small balance you can use the micro accounts until you dont perfect scalping. There are many scalpers which are using their own scalping strategies using automated trading scripts per day to rapidly trade the securities.
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
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Jan 21, 2021 at 12:36
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Christopher332 posted:I am not a huge fan of automated trading because if due to some factor markets go in different directions than we predicted, we have no time to stop the trade. I like the MT4 platform for its interface and I also started with very small capital. At that time I think I started with only 50 dollars using Fxview broker and only earned 1 or 2 dollars per trade. So investing and reinvesting the profits then flew me to indices using XTB but I am still scalping in the markets. There are a lot of strategies that involve use of indicators which you can learn for scalping like Parabolic SAR indicator or the RSI, which is also a good method to calculate for scalping.Roberto21 posted:I think if you have a small balance you can use the micro accounts until you dont perfect scalping. There are many scalpers which are using their own scalping strategies using automated trading scripts per day to rapidly trade the securities.
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
Miembro desde Nov 05, 2020
posts 23
Jan 25, 2021 at 05:34
Miembro desde Nov 05, 2020
posts 23
Don’t be afraid of the big names; believe me the underlying concept of the strategies is very easy. The stochastic oscillator is one such strategy which will help you a lot in scalping (it is what I believe). I used it a lot with Fxview on which I was using the MT5 trading platform. Then this oscillator graph will spot the trends on the three minute timeframe in the moving market. The highs in the market is your entry point and the lows is the exit point. In the downward trending market the reverse of this strategy is true. Read more about this strategy and then use multiple low cost brokers like fxtm to diversify.
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Jan 25, 2021 at 11:40
Miembro desde Jul 10, 2020
posts 34
Christopher332 posted:Diversification is certainly required in trading to be safe.
Don’t be afraid of the big names; believe me the underlying concept of the strategies is very easy. The stochastic oscillator is one such strategy which will help you a lot in scalping (it is what I believe). I used it a lot with Fxview on which I was using the MT5 trading platform. Then this oscillator graph will spot the trends on the three minute timeframe in the moving market. The highs in the market is your entry point and the lows is the exit point. In the downward trending market the reverse of this strategy is true. Read more about this strategy and then use multiple low cost brokers like fxtm to diversify.
Miembro desde Jan 22, 2021
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