a good trading strategy

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 stress out, use a small amount of money for the trade until you don’t gain the confidence. Moreover, use demo trading because if you keep losing money physically you won’t have any money to invest.

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.

AliaDare posted:
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.

I also believe that only a good strategy can lead you to become a great trader.

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

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

I can completely understand your point.
My initial days of trading were full of losses because I had directly jumped into the live trading without any strategy or plan. But when I stepped back and formed a strategy, results were quite different.
So, Yes, Planning is an important part of trading.

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.

I think there is no trading strategy which is able to earn profit 100%.
 You can earn profit by means of your trading approach hugest 55-65%. True fact.

Having developed and tested a strategy on a demo account, give some time about yourself, oh, to see its effectiveness on a real account.

I find Supply and Demand trading the best .
It filters out smaller movements and can catch nice Swings if you enter trades on fresh Zones