What is the best strategy used as a new trader?
BrandiHeartsFX (bgaymon1)
Miembro desde Jan 24, 2021
posts 3
Jan 24, 2021 at 19:52
My main strategy with being a new trader has been with using price action through top down analysis along with support, resistance and trend lines. Ive been thinking about adding some indicators as well as so far started using the EMAs. In the future im thinking maybe Fibonnaci can help with catching more accurate retracements. Anyone else have experience with any indicators they think are really good to start off with? Or implement them in their price action strategy? Just wanting to get some input and ideas!
Reinvent Your wheel ~ Its not about the cards you've been dealt, its how you play them!
Miembro desde Jul 20, 2020
posts 298
Jan 27, 2021 at 21:41
ddarko3 posted:Yes, you are right you can use this element to get the basic idea first.
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Miembro desde Jan 13, 2021
posts 52
Jan 28, 2021 at 19:18
I find rsi a really good way to trade and scalping
Miembro desde Jul 20, 2020
posts 232
Jan 28, 2021 at 19:37
Most traders lose their money because of using the wrong strategies.
Chelsea Blacks (blackChelsea)
Miembro desde Jan 22, 2021
posts 125
Jan 29, 2021 at 17:05
I think you are pretty well versed with the analytical tools so i would suggest that you should test your new strategies with indicators on a demo account. This helps you to retrace accurate findings that help you to trade.
Vanza Dorbey (vanzadorbey)
Miembro desde Jan 17, 2021
posts 31
Jan 29, 2021 at 18:50
test every system you can read about...but test it in real account...have a very high leverage in your account, but use the lowest leverage possible in your trades. Be patient.
Miembro desde Jul 20, 2020
posts 298
Jan 31, 2021 at 01:47
New traders should usually work with indicators to know the basics. Basic concepts need to be created by analyzing different types of indicators such as moving average, RSI, Bollinger bands, etc.
BrandiHeartsFX (bgaymon1)
Miembro desde Jan 24, 2021
posts 3
Feb 02, 2021 at 18:55
I want to get more into using Fib retracement and MACD but am a bit confused on how exactly to use them.
Reinvent Your wheel ~ Its not about the cards you've been dealt, its how you play them!
Feb 03, 2021 at 11:37
No strategy is the best strategy, I believe every individual has their own trading style and trading strategy as per their investment and their expectations.
Most of the people change their strategies very quickly, it takes time and effort to make the best strategy. Test your strategy before investing. Stick to your plans, learn from mistakes and keep improving till you succeed.
Most of the people change their strategies very quickly, it takes time and effort to make the best strategy. Test your strategy before investing. Stick to your plans, learn from mistakes and keep improving till you succeed.
Feb 04, 2021 at 10:54
ddarko3 posted:These both indicators are very good because they give us the correct position of the trade and when to enter/exit.
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Miembro desde Jul 01, 2020
posts 28
Feb 04, 2021 at 13:25
When we trade securities, position trading is one type of strategy. It is not a method but a strategy itself.
Miembro desde Nov 10, 2020
posts 23
Feb 05, 2021 at 06:04
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
Feb 05, 2021 at 10:17
PercymcDonnell54 posted:Slippage becomes a considerable factor when we day trade because if the spreads are high we can suffer loss. The brokers also become very important in your strategy because spreads and leverages are offered by brokers. When I started demo trade to test out the brokers I finalized on Fxview and Robinhood because they fit into my strategy. So do think about the brokers.
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
Miembro desde Nov 10, 2020
posts 23
Feb 06, 2021 at 05:44
josejames posted:Yes absolutely slippage and spreads are the real deal breakers while choosing a broker.PercymcDonnell54 posted:Slippage becomes a considerable factor when we day trade because if the spreads are high we can suffer loss. The brokers also become very important in your strategy because spreads and leverages are offered by brokers. When I started demo trade to test out the brokers I finalized on Fxview and Robinhood because they fit into my strategy. So do think about the brokers.
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
yana hansen (78678676)
Miembro desde Oct 16, 2020
posts 137
Feb 06, 2021 at 08:08
ddarko3 posted:Thanks for sharing.
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Miembro desde Aug 27, 2017
posts 994
Feb 08, 2021 at 10:27
Forex market or forex trading i think is completely secure but
it depends on your broker performance , because without a broekr you cant a trade at all.
it depends on your broker performance , because without a broekr you cant a trade at all.
