What is your trading strategy ?

Duktilar posted:
Recently, I started trading on news very interestingly and quite effectively, but you need to be as focused as possible.

Also, you need to be extra careful with the spreads as they generally widen during news release.

Now I mainly work on long-term trading, because this has its own benefits.

I work with a statistics-based trading approach. I only focus on a single currency pair and try to profit off of it, doesn't matter if market is bullish or bearish. My risk per trade is 4.5% of my equity, which is a little bit compared with what most Forex education teach us. But it's all part of my overall long-term plan.

it does not matter what strategy you are using. only matter is how well you are executing it.

Now I mainly use a hedging strategy, and this does not help to make good money.

Regardless of which trading strategy is very popular, you should still choose the one that will satisfy you.

Aurisida posted:
Regardless of which trading strategy is very popular, you should still choose the one that will satisfy you.

Exactly..... couldn't agree more.

I suggest having a strategy that is not too rigid and that reflects your goals and your personality as a trader especially with regards to how much risks you are willing to take.

I suggest trading the trend personally. I use several different time frames as well as several different indicators that must much up in order to determine the trend change. I developed an EA that does just that.

any kind of trading strategy can be useless if there is no money management.

Money management is the core of trading. Without managyour capital a trader cannot succed in forex trading.

In my opinion, the newcomer entering the market does not need to focus on the trading strategy, as this is very relative. There are many options for strategies that will suit your operational needs, such as time, bank size, trading hours, trader profile...

I see a lot of talk about strategy, but I don't see them talking about the basis of the market, what moves the price, what is the behavior of the price, because on certain days the price shoots up to 1000 points and on other days it doesn't exceed 100 points.

For a novice, this information is important, it is necessary to know how the market works, as a doctor needs to know how the human body works. And with this information, then he will seek to adapt to an operational strategy.

DjanLuis posted:
In my opinion, the newcomer entering the market does not need to focus on the trading strategy, as this is very relative. There are many options for strategies that will suit your operational needs, such as time, bank size, trading hours, trader profile...

I see a lot of talk about strategy, but I don't see them talking about the basis of the market, what moves the price, what is the behavior of the price, because on certain days the price shoots up to 1000 points and on other days it doesn't exceed 100 points.

For a novice, this information is important, it is necessary to know how the market works, as a doctor needs to know how the human body works. And with this information, then he will seek to adapt to an operational strategy.

Knowing the market literally, understanding everything - this, of course, is the initial task of every beginner, but still I want to earn and see the result, so I believe that the opportunity to earn money using the RAMM service gives a good impetus for everyone.

I am still new to it all. I am not going to say that I have finalised my trading strategy as I am honestly still learning and sort of experimneting as I go along. I am trying to use scalping mainly.

Strategies in trading are immensely important for carrying out successful trade. Without proper strategies, it is almost impossible to be a successful trader.

at the moment i am using scalping and i am profitable but sometimes it causes a great risk when market moves at random , in that time no money management works in a proper way.

I am a scalper. Because I traded as a part-timer and I don’t have a long time to trade.

Using a trading strategy that works for you is very important. Yes Scalping is good if you cannot devote too much time to trading, but you still need to be careful.

I would like to point out the very good possibilities of working within the day trading, which also brings good results.