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What is the best strategy used as a new trader?

ahmad2020
Jan 31 at 11:08
posts 1
Damayanti posted:
i use just over buy and over sell RSI That its

that's it... big like

Shelby10
Jan 31 at 17:32
posts 140
There are many types of strategies available in the Forex market. Among these strategies, I give the highest priority to technical analysis. Market context is an essential element for trading. If you do not know the market movement, how to make a profit from the market. First of all, you need to know if the market is volatile. It is not possible to trade in the volatile market situation. If there is an impulsive market, it can be traded.

forextrader777
Feb 01 at 12:21
posts 84
The best strategy comes after acquiring proper knowledge and skill-set about the forex market.

KnowFinance
Feb 02 at 11:11
posts 80
EbonyJones posted:
Most traders lose their money because of using the wrong strategies.

Yeah right, strategy should be built after the proper analysis of market and risks.

BrandiHeartsFX (bgaymon1)
Feb 02 at 18:55
posts 3
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!
MichaelEX
Feb 03 at 11:37
posts 48
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.

josejames
Feb 04 at 10:54
posts 16
ddarko3 posted:
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade

These both indicators are very good because they give us the correct position of the trade and when to enter/exit.

Gingerrogers
Feb 04 at 13:25
posts 28
When we trade securities, position trading is one type of strategy. It is not a method but a strategy itself.

PercymcDonnell54
Feb 05 at 06:04
posts 23
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.

josejames
Feb 05 at 10:17
posts 16
PercymcDonnell54 posted:
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.

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.

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