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What is the best strategy used as a new trader?
Jan 24, 2021 at 19:52
Medlem sedan Jan 24, 2021
3 inlägg
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!
Reinvent Your wheel ~ Its not about the cards you've been dealt, its how you play them!
Jan 25, 2021 at 08:41
Medlem sedan Nov 03, 2020
70 inlägg
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Medlem sedan Jul 20, 2020
298 inlägg
Jan 27, 2021 at 21:41
Medlem sedan Jul 20, 2020
298 inlägg
ddarko3 posted:Yes, you are right you can use this element to get the basic idea first.
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Medlem sedan Jan 22, 2021
125 inlägg
Jan 29, 2021 at 17:05
Medlem sedan Jan 22, 2021
125 inlägg
I think you are pretty well versed with the analytical tools so i would suggest that you should test your new strategies with indicators on a demo account. This helps you to retrace accurate findings that help you to trade.
Jan 29, 2021 at 17:35
Medlem sedan May 10, 2018
90 inlägg
The problem is new traders move from strategy to strategy too quickly. Find a strategy that fits your trading style and perfect it. Learn to be a better trader.
Give the best strategy to a bad trader and they will still lose money.
Give the best strategy to a bad trader and they will still lose money.
Jan 30, 2021 at 13:27
Medlem sedan Nov 19, 2020
15 inlägg
i use just over buy and over sell RSI That its
Medlem sedan Jul 20, 2020
298 inlägg
Jan 31, 2021 at 01:47
Medlem sedan Jul 20, 2020
298 inlägg
New traders should usually work with indicators to know the basics. Basic concepts need to be created by analyzing different types of indicators such as moving average, RSI, Bollinger bands, etc.
Jan 31, 2021 at 11:08
Medlem sedan Nov 20, 2020
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Damayanti posted:that's it... big like
i use just over buy and over sell RSI That its
Feb 02, 2021 at 18:55
Medlem sedan Jan 24, 2021
3 inlägg
I want to get more into using Fib retracement and MACD but am a bit confused on how exactly to use them.
Reinvent Your wheel ~ Its not about the cards you've been dealt, its how you play them!
Feb 03, 2021 at 11:37
Medlem sedan Jan 21, 2021
48 inlägg
No strategy is the best strategy, I believe every individual has their own trading style and trading strategy as per their investment and their expectations.
Most of the people change their strategies very quickly, it takes time and effort to make the best strategy. Test your strategy before investing. Stick to your plans, learn from mistakes and keep improving till you succeed.
Most of the people change their strategies very quickly, it takes time and effort to make the best strategy. Test your strategy before investing. Stick to your plans, learn from mistakes and keep improving till you succeed.
Feb 04, 2021 at 10:54
Medlem sedan Nov 16, 2020
16 inlägg
ddarko3 posted:These both indicators are very good because they give us the correct position of the trade and when to enter/exit.
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Medlem sedan Nov 10, 2020
23 inlägg
Feb 05, 2021 at 06:04
Medlem sedan Nov 10, 2020
23 inlägg
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
Feb 05, 2021 at 10:17
Medlem sedan Nov 16, 2020
16 inlägg
PercymcDonnell54 posted:Slippage becomes a considerable factor when we day trade because if the spreads are high we can suffer loss. The brokers also become very important in your strategy because spreads and leverages are offered by brokers. When I started demo trade to test out the brokers I finalized on Fxview and Robinhood because they fit into my strategy. So do think about the brokers.
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
Medlem sedan Nov 10, 2020
23 inlägg
Feb 06, 2021 at 05:44
Medlem sedan Nov 10, 2020
23 inlägg
josejames posted:Yes absolutely slippage and spreads are the real deal breakers while choosing a broker.PercymcDonnell54 posted:Slippage becomes a considerable factor when we day trade because if the spreads are high we can suffer loss. The brokers also become very important in your strategy because spreads and leverages are offered by brokers. When I started demo trade to test out the brokers I finalized on Fxview and Robinhood because they fit into my strategy. So do think about the brokers.
I think position trading and day trading can be techniques as well as strategies because they are very similar. A position trader would keep the position for as long as possible and a day trader would not keep any security overnight because he will trade all the security as soon as possible.
Medlem sedan Oct 16, 2020
137 inlägg
Feb 06, 2021 at 08:08
Medlem sedan Oct 16, 2020
137 inlägg
ddarko3 posted:Thanks for sharing.
Price action is good but it can be inaccurate. Just try MACD and RSI + always setting stop loss in your trade
Medlem sedan Aug 27, 2017
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Feb 08, 2021 at 10:27
Medlem sedan Aug 27, 2017
994 inlägg
Forex market or forex trading i think is completely secure but
it depends on your broker performance , because without a broekr you cant a trade at all.
it depends on your broker performance , because without a broekr you cant a trade at all.
Feb 08, 2021 at 12:43
Medlem sedan Jul 27, 2020
81 inlägg
Indeed, security depends on the broker you plan to trade with.
Medlem sedan Jan 22, 2021
125 inlägg
Feb 12, 2021 at 11:15
Medlem sedan Jan 22, 2021
125 inlägg
I always use bollinger bands to predict the movement of currency pairs. Along with bollinger bands I use MACD and RSI to get the clear idea of overbought and oversold volumes. Combination of these three always helps me too keep my trade success around 80%.
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