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Please help
เป็นสมาชิกตั้งแต่ Nov 13, 2015
35 โพสต์
Nov 22, 2016 at 15:45
Hi guys, I'm afraid there is no best strategy that fits everyone's needs. Trading microlots is a wise approach if you are new to trading. But you will need to be very patient as you won't be earning a lot per trade. What is your style - intraday or swing?
A knight's tale!
Dec 07, 2016 at 16:16
Finding a good strategy depends on your abilities and your bank account. Also the conditions of trading with the broker matters. Giving more information can help others giving you their suggestions.
Accept the loss as experience
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4573 โพสต์
Dec 09, 2016 at 10:12
bheki40 posted:
Good day to you all, i have a similar request as silverrem, please assist
Thank you in advance
and how?
This user doesn't share any systems currently.
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4573 โพสต์
Dec 09, 2016 at 10:18
bonobali posted:
plese look into my trading portfolio " hitztrade " , sound is good when we can discussion , i start trade with small lots 0.01 - 0.1
There is no portfolio, just 10 days old account. Results are good though.
เป็นสมาชิกตั้งแต่ Oct 08, 2016
57 โพสต์
Feb 24, 2018 at 10:44
for newcomers Demo trading is really important , but mostly traders don’t believe the importance of this trading place at all , so it would be better if we use mini account instead of demo account.
To change your trading result, just change your thinking.
Apr 04, 2018 at 10:34
It's hard to give advice to new traders when you don't know what level of trading experience and trading knowledge they have. But I can tell you what worked or me 7 years ago.
Many new traders tend to trade the smaller time frames like 1 to 15 minutes, because that's where all the "excitement" is. Problem is, if you don't know what you're doing trading these time-frames you usually try and take profits quickly and sit with losing trades far too long. That's what I struggled with in the beginning. Take profits way too soon and not get out of loosing trades quick enough.
Eventually I learned that I need to look for trade setups on the higher time-frames. 30 mins if I trade intra-day and 4-hour or daily for swing trading. Best advice, based on personal experience, is to look for trade setups in the direction of the longer time-frame trend (Daily and up) on the 1-hour or 4-hour charts, and look for these setups near key Daily support/resistance levels.
Patience is key on a micro account. Choose your trade setups carefully. Don't force trades.
Many new traders tend to trade the smaller time frames like 1 to 15 minutes, because that's where all the "excitement" is. Problem is, if you don't know what you're doing trading these time-frames you usually try and take profits quickly and sit with losing trades far too long. That's what I struggled with in the beginning. Take profits way too soon and not get out of loosing trades quick enough.
Eventually I learned that I need to look for trade setups on the higher time-frames. 30 mins if I trade intra-day and 4-hour or daily for swing trading. Best advice, based on personal experience, is to look for trade setups in the direction of the longer time-frame trend (Daily and up) on the 1-hour or 4-hour charts, and look for these setups near key Daily support/resistance levels.
Patience is key on a micro account. Choose your trade setups carefully. Don't force trades.
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Apr 06, 2018 at 12:02
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.
Apr 10, 2018 at 14:17
noyd8915 posted:
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.
Another option is to use EA instead to wait for such spikes :).
If I am not mistaken there were a similar strategy "power candle" if I am not mistaken.
เป็นสมาชิกตั้งแต่ Jul 24, 2018
10 โพสต์
Jul 24, 2018 at 12:04
BaldoN posted:noyd8915 posted:
I like to look at price action myself. I look at the Forex market like a hug rubberband. Usually when price spikes in one direction it will retrace to the opposite direction at least 60%-70% on average. The hardest thing to do is wait fo those spikes.
Another option is to use EA instead to wait for such spikes :).
If I am not mistaken there were a similar strategy "power candle" if I am not mistaken.
This strategy sounds interesting and 'do-able'. Would you buy an upwards spike or sell the upwards spike ?
