Darrensmith
会员从Oct 01, 2020开始
37帖子
Mar 08 2021 at 04:17
williamhayes posted:Yes but some strategies require a certain skill and they might not work so well for a beginner. Like scalping for instance, it requires a trader to have a very good idea about the entry and exit.
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.
even though scalping sometimes bring profit with very short time but
it can fall you in a dangerous situation, so be careful when time to scalp.
it can fall you in a dangerous situation, so be careful when time to scalp.
antonyhollinwooe
会员从Jul 10, 2020开始
34帖子
Mar 08 2021 at 11:55
Scalping does take some time and effort to perfect a strategy and not all traders are willing to put in so much effort at first.
Ericdier752
会员从Nov 09, 2020开始
59帖子
Mar 09 2021 at 07:19
Roberto21 posted:From what I have learnt till now in my journey, I believe even 2-3% can amount to a lot of loss, isn’t it better to limit the risk to 1%?
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.
Ericdier752
会员从Nov 09, 2020开始
59帖子
Mar 09 2021 at 07:19
Imamul posted:I completely agree with you, that’s why I think highly active times are the best time to trade, and that too just the major currencies. What currencies are you trading?
even though scalping sometimes bring profit with very short time but
it can fall you in a dangerous situation, so be careful when time to scalp.
salamibrish
会员从Nov 24, 2020开始
28帖子
Mar 09 2021 at 10:34
Darrensmith posted:No doubt having an exit strategy is so important. Who’d deny one large loss can nullify the small gains, which a trader worked hard to put in the bank.williamhayes posted:Yes but some strategies require a certain skill and they might not work so well for a beginner. Like scalping for instance, it requires a trader to have a very good idea about the entry and exit.
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.
Mikehussey
会员从Sep 30, 2020开始
58帖子
Mar 10 2021 at 05:44
That’s where the tools come into play to save the day. Live feed, direct access to the broker and aptitude to place loads of trades are requisites to trade successfully.
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
Ericdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
Scalping is itself a way of taking profits from small price change. not sure if there is something like fast forex scalping. Use the smallest time frame and high leverage for scalping.
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.
Yeah customer support does come in handy when scalping. TDA are my favorites so far helping me with automatic and instant execution, the two most crucial aspects for any scalper.
Is it true that scalping is a kind of risk management technique?
Marshshaun
会员从Oct 06, 2020开始
31帖子
Mar 11 2021 at 06:56
stevewood posted:That’s kind of new. On a second thought, any other trade can be turned into a scalp when we take the profit near the 1:1 risk/ reward ratio. So yeah it pretty much seems so.
Is it true that scalping is a kind of risk management technique?
Ericdier752
会员从Nov 09, 2020开始
59帖子
Mar 11 2021 at 07:10
Roberto21 posted:Have you considered using margin on your account, won’t that help for longer term strategies!?
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
Ericdier752
会员从Nov 09, 2020开始
59帖子
Mar 11 2021 at 07:11
Sarjohn posted:I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponentialEricdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
Scalping is itself a way of taking profits from small price change. not sure if there is something like fast forex scalping. Use the smallest time frame and high leverage for scalping.
Ericdier752
会员从Nov 09, 2020开始
59帖子
Mar 11 2021 at 07:12
Imamul posted:So right! Own experiences are the best teachers. Something that no book or course can match.
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.
Ericdier752 posted:I feel exponential moving average is way better.Sarjohn posted:I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponentialEricdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
Scalping is itself a way of taking profits from small price change. not sure if there is something like fast forex scalping. Use the smallest time frame and high leverage for scalping.
Ericdier752
会员从Nov 09, 2020开始
59帖子
Mar 12 2021 at 06:38
Sarjohn posted:Because it’s fast? But doesn’t that also lead to a lot of false signals?!Ericdier752 posted:I feel exponential moving average is way better.Sarjohn posted:I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponentialEricdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
Scalping is itself a way of taking profits from small price change. not sure if there is something like fast forex scalping. Use the smallest time frame and high leverage for scalping.