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What is your trading strategy ?

Imamul
Nov 28 2019 at 09:59
posts 785
result from any strategies not only depends on trading skill or experience but also depends on the capability about your money management, so develop your MM and bring good result by scalping or others.
VelesSystem
Nov 29 2019 at 16:59
posts 4
Calculation of trading impulses plus real volumes
aa33030
Dec 22 2019 at 23:01
posts 26
idreesj2016 posted:
Scalping is not really easy, you'r supposed to have years of experience and can predict the market with low number of pips and cut your losses extremely short and at some points let the wining trades run!

You can scalp without predicting the market. Find the trend on a higher timeframe and scalp in the direction of the trend
ProfitableRisks (ProfitableRisks)
Dec 27 2019 at 22:26
posts 38
Pivot points, supports and resistance with scalping does the trick for me
Moreno Rodrigez (MRodrigez)
Jan 10 2020 at 09:01
posts 168
Hope an pray! *lol*
Markus6452829h
Feb 25 2020 at 15:04
posts 6
JacoAF posted:
I feel a trader's trading strategy should be a reflection if his/her personality and background.

If you like taking big risks and thrive in an intense, almost chaotic environment, then perhaps a scalping strategy will suit you best. People who tend to be more extroverted and and have a sense of adventure will probably do well with scalping. But be warned, scalping on a demo account is exciting and a lot of fun. Doing this on a live account if you are inexperienced will be a wild emotional roller coaster, and a recipe for disaster.

If you have a great knack for managing your personal finance and are well disciplined with your savings, you may prefer a safer less-risky swing-trading strategy on larger time-frames like the 4-hour or daily charts. Most new traders will benefit from learning the basics first and then developing a personal trading strategy using market swings on the larger time-frames. It should teach you the patience and discipline to wait for the market to approach key support/resistance levels before entering or exiting a trade.

Then of course you have the investors. If you have a background in finance or business and understand the details of macro economics, then long investments would probably suit you best. Investing is more the art of analyzing economic and geo-political data to make investment decisions. Of course you will have to have substantial funds in you account, and be prepared to stick with your trades for weeks, months or even a few years.

Your background (work, social life) may also be key to understanding which trading strategy will suit you best. An engineer would enjoy the challenge of technical analysis, while an economist may prefer fundamental analysis. How much time do you have at your disposal? Limited time may warrant a 'set-and-forget' strategy like swing-trading. Scalping or active short-term swing trading requires more time. Are you trading part-time (do you have a day-job) or full-time?

I'm fortunate in that I work for myself. I have a small software development business. So basically I work from home on my projects, and it allows me to trade full-time. Due to my background as a programmer I prefer technical analysis over fundamental analysis, but I still prefer a swing-trading strategy. I also am constantly working on an automated system (EA's) to implement my manual trading strategy on my own web server (I develop eCommerce websites for my clients).

The point I'm trying to make here is this. You have to ask yourself a lot of questions regarding your personality, professional background, family life, available time, etc., and then sit and carefully decide which type of strategy will suit you best. Someone else's strategy may not work for you at all.

And take the advice from someone who paid his school fee's in trading. Over the last 7 years of doing this I realized that a trading strategy is not as important as a well developed trading plan. You will face many challenges in your trading career, try out many different trading strategies, face many emotions related to profits and losses. The only thing that can keep you profitable long-term, keep your sanity and not allow you to give up or worse blow up your account(s), is a trading plan. Think of it this way, the ONLY people who consistently make money in the long term, are people who treat trading as a business. And any successful business, anywhere in the world, has a well defined business plan. So your trading plan should be, in essence, your business plan.

Profitable trading all!!
thanks for the valuable advice
Profits
JapaneseGroupFx
Mar 01 2020 at 13:09
posts 77
My best strategy is waiting for a good trend and proceed with the flow of it.
Profits
JapaneseGroupFx
Mar 01 2020 at 13:12
posts 77
aa33030 posted:
idreesj2016 posted:
Scalping is not really easy, you'r supposed to have years of experience and can predict the market with low number of pips and cut your losses extremely short and at some points let the wining trades run!

You can scalp without predicting the market. Find the trend on a higher timeframe and scalp in the direction of the trend
You are so right on this, part of my trading style you just mentioned.
PeteLanceley
Mar 06 2020 at 14:05
posts 83
Mohammadi posted:
The trading strategy is really important to make profit with consistency. Basically according to our trading understanding we the traders have to select our trading strategies. It would be really great if we choose the broker which is more appropriate to the concept of trading that will be used , the traders who are scalpers have to choose the broker which allows trading concept such as this.

I scalp Gold a lot, but also swing trade GBP pairs mainly.
Grole
Mar 12 2020 at 16:58
posts 31
How can you choose only one strategy??? They're all so interesting. It seems to me that testing strategies and selecting the assets for which they are the most promising I like even more than making money. Although no - I lie, I like it madly too, especially when the profit is much higher than expected!!!
Fordrerne
Mar 12 2020 at 18:36
posts 23
My main strategy is to avoid significant losses from the capital and to strive for regular income, and if we talk about indicators - I am always in search, I am always small, so I'm not going to stop.
Shalinara
Mar 12 2020 at 18:41
posts 21
I think that the most promising thing that can be done in the market is fundamental analysis, because it is the news that triggers the strongest movement, which always offers excellent prospects, because it saves time on analysis, and it is very convenient if you can trade for no more than two hours a day...
MatSwing
forex_trader_[688163]
Mar 13 2020 at 03:16
posts 140
Try not to loss all my hard earned money. That's my strategy.
Timothe Bouchard (ratou11)
Mar 21 2020 at 15:22
posts 43
Shalinara posted:
I think that the most promising thing that can be done in the market is fundamental analysis, because it is the news that triggers the strongest movement, which always offers excellent prospects, because it saves time on analysis, and it is very convenient if you can trade for no more than two hours a day...

You don't have to use strictly fundamentals in order to limit your time spent on the charts :)
I use mostly technical and spend at most 1 hour on the charts every day. Works out well for me!
Cizel89
Mar 28 2020 at 10:27
posts 63
Fordrerne posted:
My main strategy is to avoid significant losses from the capital and to strive for regular income
Good going mate!
Profits
JapaneseGroupFx
Mar 28 2020 at 15:27
posts 77
PeteLanceley posted:
Mohammadi posted:
The trading strategy is really important to make profit with consistency. Basically according to our trading understanding we the traders have to select our trading strategies. It would be really great if we choose the broker which is more appropriate to the concept of trading that will be used , the traders who are scalpers have to choose the broker which allows trading concept such as this.

I scalp Gold a lot, but also swing trade GBP pairs mainly.

GOLD AND GB I LOVE MUCH TOO
Profits
JapaneseGroupFx
Mar 28 2020 at 15:35
posts 77
My Strategy are mixed and dynamic with the market movement, if it's Trending, I switch to high trend trading by taking profits in bigger pips, if it's Ranging market I switch to scalp type of trading, in summary market condition determines what strategy I will switch to.
jamubang
Apr 05 2020 at 04:23
posts 11
Babypips will teach you everything in terms of basics.
sangine
Apr 06 2020 at 12:41
posts 10
JapaneseGroupFx posted:
My Strategy are mixed and dynamic with the market movement, if it's Trending, I switch to high trend trading by taking profits in bigger pips, if it's Ranging market I switch to scalp type of trading, in summary market condition determines what strategy I will switch to.

How do you determine whether price is ranging or trending? That is the difficult part. A simple buy and hold strategy will make money in a trending market but the difficulty is knowing when the trend has started or ended
Gabriel99
Apr 09 2020 at 11:36
posts 39
jamubang posted:
Babypips will teach you everything in terms of basics.
Yeah. Good for beginners.
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