a good trading strategy

If you want to make it a success in forex the you need to come up with a trading strategy that works. Coming up with one is easy but coming up with none that actually yields results is the difficult part. You need a lot of knowledge to come up with the best strategy. Do not just copy.

Making money from this market mainly depends on your broker. If your broker is reliable, regulated and good service provider, you can easily make money from this market.

Each Forex trading strategy implies a number of security rules that it makes sense to adhere to to achieve greater productivity and reduce the risk of serious drawdowns on the deposit.

thats true but in my case i believe the 1 min charts are more helpful and it can give decent profit and loss

It is not at all easy to establish a strategy that will bring about profits. There is no such guarantee. Every trader has to work for it.

Roberto21 posted:
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.

I think if you have a small balance you can use the micro accounts until you dont perfect scalping. There are many scalpers which are using their own scalping strategies using automated trading scripts per day to rapidly trade the securities.

beginners have no patience , its very common issue , for that reason i think its too much . i prefer demo besides studying with baby pips school.

beginners have no patience , its very common issue , for that reason i think its too much . i prefer demo besides studying with baby pips school.

Christopher332 posted:

Roberto21 posted:
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.

I think if you have a small balance you can use the micro accounts until you dont perfect scalping. There are many scalpers which are using their own scalping strategies using automated trading scripts per day to rapidly trade the securities.

I am not a huge fan of automated trading because if due to some factor markets go in different directions than we predicted, we have no time to stop the trade. I like the MT4 platform for its interface and I also started with very small capital. At that time I think I started with only 50 dollars using Fxview broker and only earned 1 or 2 dollars per trade. So investing and reinvesting the profits then flew me to indices using XTB but I am still scalping in the markets. There are a lot of strategies that involve use of indicators which you can learn for scalping like Parabolic SAR indicator or the RSI, which is also a good method to calculate for scalping.

Don’t be afraid of the big names; believe me the underlying concept of the strategies is very easy. The stochastic oscillator is one such strategy which will help you a lot in scalping (it is what I believe). I used it a lot with Fxview on which I was using the MT5 trading platform. Then this oscillator graph will spot the trends on the three minute timeframe in the moving market. The highs in the market is your entry point and the lows is the exit point. In the downward trending market the reverse of this strategy is true. Read more about this strategy and then use multiple low cost brokers like fxtm to diversify.

Using a small amount for trading is the right decision, because we don't have enough practice at the initial stage. And in principle, in the future, I always use the 1: 1000 leverage offered by the Amarkets broker.

follow what your heart says

Christopher332 posted:
Don’t be afraid of the big names; believe me the underlying concept of the strategies is very easy. The stochastic oscillator is one such strategy which will help you a lot in scalping (it is what I believe). I used it a lot with Fxview on which I was using the MT5 trading platform. Then this oscillator graph will spot the trends on the three minute timeframe in the moving market. The highs in the market is your entry point and the lows is the exit point. In the downward trending market the reverse of this strategy is true. Read more about this strategy and then use multiple low cost brokers like fxtm to diversify.

Diversification is certainly required in trading to be safe.

If the strategy is not right, it is not possible to make a profit by trading. As a trader I always try to develop strategy.

A lot depends on the strategy, so you need to work on it very well if you want to get a good result.

I would say mere strategy will not help. I agree with part of the strategy but you must have the knowledge of what is going around the globe as forex is very volatile and reflects upon the market sentiments and news related to it.

Depends on your style etc but I like scalping, quick short profits

Indeed, trading a scalping strategy is very profitable in terms of the fact that everything happens quickly enough and profits are obtained quickly, especially if you are trading with reliable and safe brokers, such as Amarkets.

I don’t see any good trader in PAMM, yes tons of fake results are available in there! But, it’s really tough to get a good performer in a long run.