Strategy and Forex
Membre depuis Jul 17, 2020
posts 42
Oct 26, 2020 at 07:12
I agree. Forex trading is not an easy task. You have to be passionate to learn every moment.
Membre depuis Oct 12, 2020
posts 38
Dec 03, 2020 at 09:35
If you want to succeed in the forex market, you must learn technical analysis and fundamental analysis.
Membre depuis Jul 23, 2020
posts 869
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.
Membre depuis Jul 06, 2020
posts 28
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.
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.
Membre depuis Feb 24, 2020
posts 10
Dec 30, 2020 at 10:36
It is important to choose the right strategy for yourself. And stick with it.
Membre depuis Jul 23, 2020
posts 869
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.
Membre depuis Nov 05, 2020
posts 23
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 14:23
Jordan5ith posted: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.
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.
Membre depuis Nov 05, 2020
posts 23
Jan 19, 2021 at 07:23
harrymartinez posted:I wish you all the best in your journey. Just stay focussed and you’ll do good :)
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!
Feb 17, 2021 at 10:57
trollssent posted:Exactly, money management is an effective way to minimise the risks and to make Forex trading beneficial.
You are right. A decent money management structure can turn out to be a big help and makes trading comparatively easy in the future.
Membre depuis Mar 17, 2021
posts 536
Jul 06, 2021 at 12:17
UweMoench posted:Yes. Ready made strategy may not suit you.
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.
Membre depuis Aug 17, 2021
posts 94
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.
Membre depuis Jun 14, 2021
posts 53
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.
