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What is the best strategy used as a new trader?

Doombinder
Jan 13 at 20:50
23 príspevkov
There are no best strategies or worst strategies, all of the are considered to be strictly individual, because nowaday traders can choose the strategy which they want or the best option is to create their own ones. No doubts, that strategy plays a major role in trading activity, because it literally determines how sucessful you will be on the market. However, it doesn't mean that you have to seek for some best strategies.
I got used to believe that all the strategies are the best, because once they helped traders earning money, thus they can be considered as effective ones. Anyway, you have to elaborate our own strategy and test it until you will start noticing the result.
forextrader777
Jan 14 at 10:58
128 príspevkov
Any strategy which you have formulated on your own according to your trading style, needs and risk appetite is the best one.
TroyTheTrader
Jan 14 at 11:29
33 príspevkov
forextrader777 posted:
Any strategy which you have formulated on your own according to your trading style, needs and risk appetite is the best one.
Well said!
Rather than copying strategies, traders should work on making their own strategies.
blareblare20
Jan 15 at 11:15
4 príspevkov
I am also a new trader and hoping to learn some strategies that could help me succeed in this field.
RobSchiz
Jan 15 at 12:12
567 príspevkov
blareblare20 posted:
I am also a new trader and hoping to learn some strategies that could help me succeed in this field.
Every new trader should make a good plan to survive in this market.
blareblare20
Jan 17 at 02:30
4 príspevkov
RobSchiz posted:
blareblare20 posted:
I am also a new trader and hoping to learn some strategies that could help me succeed in this field.
Every new trader should make a good plan to survive in this market.
Thank you @RobSchiz, for great advice. I am working on that.
fxprofitpips
Jan 17 at 09:44
2 príspevkov
fxprofitpips posted:
bgaymon1 posted:
My main strategy with being a new trader has been with using price action through top down analysis along with support, resistance and trend lines. Ive been thinking about adding some indicators as well as so far started using the EMAs. In the future im thinking maybe Fibonnaci can help with catching more accurate retracements. Anyone else have experience with any indicators they think are really good to start off with? Or implement them in their price action strategy? Just wanting to get some input and ideas!



thanks it really helped alot to learn more as a new trader
ForwardX
Jan 17 at 12:32
25 príspevkov
Whatever strategy you will make, keep in mind the current market trends and conditions.
AliForexTalks
Jan 19 at 10:21
94 príspevkov
To learn the basics, new traders should usually work with indicators. Basic notions must be developed by evaluating several types of indicators like as the moving average, the RSI, and the Bollinger bands, among others.
croisssan
Jan 19 at 17:16
939 príspevkov
I think it's very important to take the time to learn from the beginning. As for me, this aspect is extremely important and can be one of the key ones.
AliaDare
Jan 20 at 02:28
788 príspevkov
AliForexTalks posted:
To learn the basics, new traders should usually work with indicators. Basic notions must be developed by evaluating several types of indicators like as the moving average, the RSI, and the Bollinger bands, among others.
If you want to work with indicators, I would say Hunter P Pro 7 can work with custom indicators.
Dagdakelv
Jan 21 at 18:01
18 príspevkov
I got used to think that the best strategy is not to have any strategy when you're on your first steps in trading. The matter here is to understand the basic mechanics of price changes and price movements. You should open a demo account, and just start making deals, based on your personal feelings, you know. Here you shouldn't appeal to your logic or analysis, because you don't have enough knowledge and skills yet. When you will start noticing regularities, you will be able to think about your strategy. On this stage, you can start exploring various technical indicators/patterns/figures and so on.
Shalinara
Jan 21 at 18:20
21 príspevkov
The main thing which you have to understand is that on initial stages, you shouldn't bother about strategy at all. Everything because you have less knowledge about trading than other traders, that's why the better way to start to understand all the basic things in trading is to ind a broker and open demo account. Then you just choose some assets, for example, currency pairs and you should simply watch for the price movement and try to follow up the price changes. When you will learn how to reveal regularities on the graphic, then you can start thinking about your own strategy. It will take no more than couple of weeks of daily practicing.
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