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ClausBonne
How to trade effectively in forex?
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Trader Baru
Mar 22, 2023 at 16:54
No there is no one strategy. That is impossible to create.However some tools are handy : Fib levels 20, 50, 200 ema Some Divergence indicator (not so important)Some rules could be :Above 200 ema - BuysBelow 200 ema - SellsOnly trade the 1 hour mark ( usually most volatile around the last 10min and first)
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Umum
Mar 22, 2023 at 16:48
Well.I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.I do scalp the stock market, again less than 200 shares or about. This is how we stay in the game
Is Copy Trading profitable?
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Umum
Mar 22, 2023 at 16:44
I think it is ok. If you dont have time to follow the markets and structure/price action. - Perhaps with your own analysis in conjunctionThe problem is not your entry and exit and signals. Everyone can enter a market and make profit. It is 50/50 for beginners.So, the solution.Cut your loosing trades Let your winners go That is it. Even with a 40% hit rate, your RR should be massive.
Does forex strategies usually work>
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Umum
Mar 22, 2023 at 13:42
Yes. But do not confuse strategies with indicators. Market structure and price action is king.
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