What is Forex Trader Basic Framework?

Hi Friends

Its my point views are focuses on one central concept within the strategy framework: trade with odds. To do so, over multiple periods, we must analyze a variety of techniques in deciding if a specific company should be taken. Nonetheless, keep in mind that this is not a mechanical/automatic trading system; rather, it is a system that gives you technical information and makes a decision. It is important to find circumstances in which all (or most) technical signals point in the same direction. In addition, these highly likely trade conditions would usually be favorable.

Thank you

There are many types of strategies available in the Forex market. The best of these strategies is technical analysis. If a trader can trade with a combination of fundamentals and technical, he will be satisfied with the trading profit. Profit depends on trading analysis. If the analysis is good, it will be easy to make a profit.

Agreed, when you are trading with fundamental and technical analysis, you will be able to gather enough knowledge to make a potential profit but that is not guaranteed profit tho.

I think if you are going to start Forex trading you must know how to trade and how to deal with different strategies to find a good and working strategy.

A trader should focus on earning money from this market. For that, he has to make a good and profitable plan. A good plan can make him rich.

While trading, make use of technical analysis and fundamental analysis to make profitable trades.

There are different strategies available in the market. You just have to find the best one as per your trading style.

A single strategy doesn’t work for every trader. You should try a few of them to come to a conclusion.

By using both technical analysis and fundamental analysis, you can obtain enough knowledge to make profits. However, it doesn’t guarantee to make profits.

There are plenty of strategies that you have for trading forex. Based on what you are comfortable with, choose a suitable strategy for you.

Because there are a number of trading strategies available, you can try out different ones to suit your needs.

Every trader should make a trading plan to minimize their risks and ensure consistent profit from this market.

Fundamental analysis is not that simple. To be good at fundamental you need to know about related counties economy very well. You can't just focus a few aspect of economy. You need full knowledge. For that you need to study a lot.

GeorgeBischof posted:
Every trader should make a trading plan to minimize their risks and ensure consistent profit from this market.

Trading can be easy but making profit is difficult. Very few people can make consistent profit. Making profit is easy for those who have enough knowledge, skills and experience. You have to give lot of time in learning.

Tremblay posted:
Fundamental analysis is not that simple. To be good at fundamental you need to know about related counties economy very well. You can't just focus a few aspect of economy. You need full knowledge. For that you need to study a lot.

I totally agree to this. One needs to be fully equipped with all the information regarding fundamentals. It is one of the basic and the most important things.

For fundamental analysis, it’s important to know about all the social, economical and political factors which tends to affect the exchange rates of currencies in forex.

marnuslabushane posted:
For fundamental analysis, it’s important to know about all the social, economical and political factors which tends to affect the exchange rates of currencies in forex.

Fundamental and Technical analysis are both good before trading. But if you are very much into day trades, you will require more of the technical bit. You need bar charts man. I'd suggest Turnkey forex for MT5 and XM for 5. And take one or two fundamental factors into account as well. will help you in the long run

Anoxiare posted:

Tremblay posted:
Fundamental analysis is not that simple. To be good at fundamental you need to know about related counties economy very well. You can't just focus a few aspect of economy. You need full knowledge. For that you need to study a lot.

I totally agree to this. One needs to be fully equipped with all the information regarding fundamentals. It is one of the basic and the most important things.

Thanx for agreeing with me.

Always manage risk. Don’t trade if you are not sure.