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I am new to Forex and I am about to start my first trades.
Участник с Jun 05, 2024
12 комментариев
Jun 06, 2024 at 01:50
I am new to Forex and I am about to start my first trades by mapping the EUR/USD and JPY/USD pairs. After watching many videos, I adopted the strategy of using MACD and a 200-period moving average, always following the trend. When the MACD line crosses with the 26-period average, I enter a sell or buy position depending on whether it is above or below the 0 axis. My leverage today is 1:1000 and my account balance is $1,000. For the experienced traders here in the forum, is this a good strategy? Can you give me tips? Do you make a living from trading?
I will be doing Day Trading on MT5.
I will be doing Day Trading on MT5.
Участник с Jul 04, 2024
2 комментариев
Jul 04, 2024 at 12:58
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Участник с Mar 16, 2022
6 комментариев
Jul 06, 2024 at 08:01
I tried your strategy and it is not bad. The longer the period the better, and the choice of MA(200) is correct as well. I did not understand where you want to open the trade. See my screenshot and draw where you intend to open your Buy trade. Than we can discuss it
Приложения:
Участник с Jun 05, 2024
12 комментариев
Jul 08, 2024 at 20:21
Petr_Nemec posted:
I tried your strategy and it is not bad. The longer the period the better, and the choice of MA(200) is correct as well. I did not understand where you want to open the trade. See my screenshot and draw where you intend to open your Buy trade. Than we can discuss it
Thank you for your importance bro. I would have entered where I marked on the chart, see if it would be right.
Приложения:
Участник с Jun 05, 2024
12 комментариев
Jul 08, 2024 at 20:22
WolfUmair posted:
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Thank you for the tips. I know the basics of graphical analysis, as I have already operated in binary options, I want to combine my knowledge with some indicator, I thought this would be good. What do you think?
Участник с Jul 04, 2024
2 комментариев
Jul 09, 2024 at 13:20
Oliveira27trader posted:WolfUmair posted:
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Thank you for the tips. I know the basics of graphical analysis, as I have already operated in binary options, I want to combine my knowledge with some indicator, I thought this would be good. What do you think?
its your choice bro. you need to find out some real youtubers who trades in options. i only know the guy who trade in options is Umar Ashraf search on youtube
Участник с Dec 13, 2023
5 комментариев
Jul 11, 2024 at 19:29
The less leverage you use in forex, the longer you will stay in forex. To make forex your main profession, you should ideally use no leverage at all. Your strategy is definitely risky and not good because if news is released, there will be flash candles with huge losses
Участник с Apr 14, 2022
40 комментариев
Jul 15, 2024 at 06:40
Hey! Welcome to Forex Trading! A couple of quick tips:
1.Start small to get a feel for things without risking too much.
2.Keep learning and adapting; mistakes are your best teachers.
Happy trading, and if you need any help, just ask!
1.Start small to get a feel for things without risking too much.
2.Keep learning and adapting; mistakes are your best teachers.
Happy trading, and if you need any help, just ask!
Участник с Jul 15, 2024
11 комментариев
Jul 15, 2024 at 11:39
Nice advice.
How long have you been trading?
How long have you been trading?
Участник с Sep 21, 2021
1 комментариев
Jul 20, 2024 at 19:07
Just sharing my experience, I went from indicator, supply demand , and finally ICT.
After learning all those strategies, I craft my own price action technique and stick with it. It took me 3 years to finally gain consistency in trading.
My advices is, start with demo, test all the strategies and collect data minimum 1 to 2 years. You also need to decide which time frame are you going to trade, LTF or HTF, and etc.
After learning all those strategies, I craft my own price action technique and stick with it. It took me 3 years to finally gain consistency in trading.
My advices is, start with demo, test all the strategies and collect data minimum 1 to 2 years. You also need to decide which time frame are you going to trade, LTF or HTF, and etc.
You'll figure it out, trust me
Участник с Jun 12, 2022
1 комментариев
Jul 29, 2024 at 04:35
relying solely on indicator can become a nightmare
Do not rush for wealth
Участник с Sep 02, 2022
16 комментариев
Jul 31, 2024 at 09:57
Oliveira27trader posted:
I am new to Forex and I am about to start my first trades by mapping the EUR/USD and JPY/USD pairs. After watching many videos, I adopted the strategy of using MACD and a 200-period moving average, always following the trend. When the MACD line crosses with the 26-period average, I enter a sell or buy position depending on whether it is above or below the 0 axis. My leverage today is 1:1000 and my account balance is $1,000. For the experienced traders here in the forum, is this a good strategy? Can you give me tips? Do you make a living from trading?
I will be doing Day Trading on MT5.
Your method for the 200-period moving average and MACD is effective. Because you are utilizing a leverage of 1:1000, you need to focus on risk control. One option is to test your approach using a demo account. Some effective platforms that I have used and continue to use include fxview and pepperstone. Check if the broker is providing you with the indicator you're looking for. This is a great way to test and validate your strategy before trading with real money.
Участник с Jan 22, 2016
8 комментариев
Aug 01, 2024 at 12:45
Your strategy using the MACD and a 200-period moving average is a good starting point, but be cautious about relying solely on indicators. It’s important to incorporate broader market analysis and risk management techniques, especially with high leverage. D
forex_trader_3709682
Участник с May 15, 2024
32 комментариев
Aug 14, 2024 at 16:32
Good day,
Your strategy indeed looks like a promising one but number one rule is risk management. You require room to risk a lot to earn some it seems. You can always visit our site for our pro team to assist if needed at
Thank you and good trading !
Your strategy indeed looks like a promising one but number one rule is risk management. You require room to risk a lot to earn some it seems. You can always visit our site for our pro team to assist if needed at
Thank you and good trading !
Участник с Aug 20, 2024
3 комментариев
Aug 20, 2024 at 04:35
The spreads of 8cap are so horrible man
forex_trader_3709682
Участник с May 15, 2024
32 комментариев
Aug 20, 2024 at 05:18
Good morning all,
I personally use Exclusive Markets under a “standard plus” account. Spread is fixed at 0,9 pips. With my strategy implemented that’s great so I would recommend you visit their site for more information.
I personally use Exclusive Markets under a “standard plus” account. Spread is fixed at 0,9 pips. With my strategy implemented that’s great so I would recommend you visit their site for more information.
Участник с Aug 20, 2024
3 комментариев
Aug 20, 2024 at 11:41
Yeah
Участник с Aug 23, 2024
1 комментариев
Aug 23, 2024 at 09:17
WolfUmair posted:
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Great
forex_trader_3709682
Участник с May 15, 2024
32 комментариев
Aug 23, 2024 at 15:14
PepeTrading posted:WolfUmair posted:
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Great
yes this statement is correct especially for newbies!
Участник с May 03, 2021
2 комментариев
Aug 24, 2024 at 16:58
DanishKumar412 posted:ialhamdazeez posted:
The less leverage you use in forex, the longer you will stay in forex. To make forex your main profession, you should ideally use no leverage at all. Your strategy is definitely risky and not good because if news is released, there will be flash candles with huge losses
Asslamu-alikum! isn't leverage considerd gambling and is haram ?
Realmente es un préstamo, si. Un musulmán debe operar con 1:1, no con 1:100
"Es mas bonito dar que recibir" (Cassius Clay - Muhamad Ali) y "menos es mas"
