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Strategy and Forex
Uczestnik z Jul 23, 2020
816 postów
Dec 03, 2020 at 13:50
Calacti posted:
Forex trading strategies can be based on technical analysis, or fundamental, news-based events.There are various forex strategies that traders can use including technical analysis or fundamental analysis A good forex trading strategy allows for a trader to analyse the market and confidently execute trades with sound risk management techniques.
Both technical and fundamental are important. I need to track news event to trade. It may affect your technical analysis.
Uczestnik z Jul 19, 2020
310 postów
Dec 29, 2020 at 12:16
There are many good indicators. It all about what you understand the most and what works for you. By following other's suggested indicator we may make some temporary money but for long term sustainable success we need to find the indicator or system that works for us.
Uczestnik z May 13, 2020
119 postów
Dec 29, 2020 at 19:18
Forex trading strategies can be broken down into a wide variety of categories depending on what type of trade they use, the time taken to complete the transaction, and a host of other important factors.
Uczestnik z Jul 19, 2020
310 postów
Dec 30, 2020 at 09:47
Scalping is risky especially for newbies. By doing scalping a newbie becomes habitual to lot of trading which leads to over trading. And over trading leads loss. Later it becomes very difficult to change the habits.
Uczestnik z Feb 24, 2020
10 postów
Dec 30, 2020 at 10:36
It is important to choose the right strategy for yourself. And stick with it.
Uczestnik z Jul 23, 2020
816 postów
Jan 15, 2021 at 17:30
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.
Traders need both risk and money management to survive long in trading.
Uczestnik z Jul 19, 2020
310 postów
Jan 16, 2021 at 14:23
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.
Uczestnik z Nov 05, 2020
16 postów
Jan 19, 2021 at 07:23
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 :)
Uczestnik z Jul 19, 2020
749 postów
Mar 13, 2021 at 13:20
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.
Uczestnik z Mar 17, 2021
494 postów
Jul 06, 2021 at 12:17
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.
Uczestnik z Aug 17, 2021
87 postów
Oct 09, 2021 at 18:43
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.
Uczestnik z Jun 14, 2021
51 postów
Oct 28, 2021 at 04:23
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.
Uczestnik z Mar 28, 2021
586 postów
Nov 03, 2021 at 13:02
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.
Uczestnik z Jul 19, 2020
749 postów
Nov 04, 2021 at 06:55
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.
Uczestnik z Jul 20, 2020
385 postów
Nov 04, 2021 at 08:10
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
Uczestnik z Mar 28, 2021
586 postów
Nov 04, 2021 at 12:25
@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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