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Strategy and Forex

Michihito
Jan 16 at 14:23
posts 298
Jordan5ith posted:
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.

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.

Garrywilson
Jan 18 at 12:31
posts 37
marnuslabushane posted:
Looking for a profitable strategy so that I can stick to it like all the other traders out there. Any suggestions?

Sure, there are so many strategies that you can try your hands on. Use different timeframes on demo and find the one for you. RSI, Price action, Scalping, Range trading, Position trading, Trend trading, Day and Swing trading. Even the Carry trade strategy works considering the low and high rates of different currencies. You can keep exploring more of these and work hard until you arrive at a profitable strategy.

harrymartinez
Jan 19 at 04:27
posts 21
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!

Christopher332
Jan 19 at 07:23
posts 23
harrymartinez posted:
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!

I wish you all the best in your journey. Just stay focussed and you’ll do good :)

KnowFinance
Feb 05 at 12:02
posts 82
pleasingoink posted:
An old Forex trader once told me that the only strategy you need is to keep adapting. The markets are always changing so it pays to keep up

Yeah right, the Forex market is volatile so you need to plan strategy accordingly.

TradeHut
Feb 17 at 10:57
posts 31
trollssent posted:
You are right. A decent money management structure can turn out to be a big help and makes trading comparatively easy in the future.

Exactly, money management is an effective way to minimise the risks and to make Forex trading beneficial.

arildbull
Feb 24 at 11:45
posts 23
Keeping your focus towards money and risk management is essential while trading forex. This creates a healthy environment for a trader to manage his funds and trade accordingly.

Carlos122
Feb 26 at 17:00
posts 27
'A strategy is one of the key factors to be used in Forex because, without a good strategy, no trader has earned profit or survived in forex.

The forex market is not easy to predict, and traders need to come up without money management and a trading strategy.'

UweMoench
Mar 13 at 13:20
posts 589
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.

SteveHanks
Jul 06 at 12:17
posts 370
UweMoench posted:
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.

Yes. Ready made strategy may not suit you.

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