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Strategy and Forex

Michihito
Jan 16 2021 at 14:23
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Jordan5ith posted:
These days, traders can use many trading strategies, but the only problem is money management. If you are looking for maximum results on your trading strategy, you better understand the right money management approach.
To make huge amount of profit you need a professional mindset and skills. Without skills consistent profit is not possible. Most traders forget this simple thing. They run for strategy without making themselves knowledgeable.
Garrywilson
Jan 18 2021 at 12:31
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marnuslabushane posted:
Looking for a profitable strategy so that I can stick to it like all the other traders out there. Any suggestions?
Sure, there are so many strategies that you can try your hands on. Use different timeframes on demo and find the one for you. RSI, Price action, Scalping, Range trading, Position trading, Trend trading, Day and Swing trading. Even the Carry trade strategy works considering the low and high rates of different currencies. You can keep exploring more of these and work hard until you arrive at a profitable strategy.
harrymartinez
Jan 19 2021 at 04:27
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I’m working on some great strategies on my demos these days. Can’t share much details since it is a work in progress. I’m using daily time frames and let’s just say that the indicators are the best thing for me right now. Got demos with Cmc markets, Etoro and Fxview. Let’s see where it goes from here. Happy trading!
Christopher332
Jan 19 2021 at 07:23
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harrymartinez posted:
I’m working on some great strategies on my demos these days. Can’t share much details since it is a work in progress. I’m using daily time frames and let’s just say that the indicators are the best thing for me right now. Got demos with Cmc markets, Etoro and Fxview. Let’s see where it goes from here. Happy trading!
I wish you all the best in your journey. Just stay focussed and you’ll do good :)
KnowFinance
Feb 05 2021 at 12:02
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pleasingoink posted:
An old Forex trader once told me that the only strategy you need is to keep adapting. The markets are always changing so it pays to keep up
Yeah right, the Forex market is volatile so you need to plan strategy accordingly.
TradeHut
Feb 17 2021 at 10:57
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trollssent posted:
You are right. A decent money management structure can turn out to be a big help and makes trading comparatively easy in the future.
Exactly, money management is an effective way to minimise the risks and to make Forex trading beneficial.
arildbull
Feb 24 2021 at 11:45
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Keeping your focus towards money and risk management is essential while trading forex. This creates a healthy environment for a trader to manage his funds and trade accordingly.
Carlos122
Feb 26 2021 at 17:00
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'A strategy is one of the key factors to be used in Forex because, without a good strategy, no trader has earned profit or survived in forex.

The forex market is not easy to predict, and traders need to come up without money management and a trading strategy.'
UweMoench
Mar 13 2021 at 13:20
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We need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following other's strategy.
SteveHanks
Jul 06 2021 at 12:17
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UweMoench posted:
We need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following other's strategy.
Yes. Ready made strategy may not suit you.
RobertFerrari
Oct 05 2021 at 19:12
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arildbull posted:
Keeping your focus towards money and risk management is essential while trading forex. This creates a healthy environment for a trader to manage his funds and trade accordingly.
Risk management is very necessary to make money from this market.
AliForexTalks
Oct 09 2021 at 18:43
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What Is a Forex Trading Strategy? A forex trading strategy is a technique used by a forex trader to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis or fundamental, news-based events.

Unellene
Oct 12 2021 at 13:54
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many strategies have already been developed over the years, so they are the most stable for work, and you need to build on from them
Unellene
Oct 17 2021 at 10:43
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strategy solves too much in your work, so develop your work options to work without mistakes
marindateal
Oct 28 2021 at 04:23
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Having an effective strategy with proper money management is essential for any aspiring trader. The trader should also make sure about their consistency in their overall approach.
Akasuki
Nov 03 2021 at 13:02
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Having a working strategy is the first thing a trader needs. Secondly he needs a mindset for trading. Without a proper trading psychology, even a good strategy fails.
skihav
Nov 03 2021 at 14:26
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The strategy for a trader is a very important aspect. As for me, this is really something that can affect the result of the work.
UweMoench
Nov 04 2021 at 06:55
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Yes strategy is very important for trading. But along with trading strategy, one also need to understand market psychology. It's a huge factor when it comes to trading.
CraigMcG2020
Nov 04 2021 at 08:10
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Thorgahuginn posted:
It took me quite some time before I realised the best trading strategy for me. It takes practice and patience. If you want to develop a very good trading strategy then you need to develop it while you are still in your demo account. Do not rush into trading until you have a strategy that you are sure of.

Me too, it took a long time for me to tweak a strategy that is in line with my psychology and comfort level in risk and also holding time. Its a process many leave before even starting
Akasuki
Nov 04 2021 at 12:25
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@CraigMcG2020 Yes it takes time to find the right strategy that is aligned with our psychology. But unfortunately most don't want to spend that time in working on his skills and psychology.
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