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It is important to avoid breakouts when the market is not trending as this will result in counterfeit trade resulting in losses. The reason for this loss is that the market does not have the momentum to continue the movement beyond the extreme highs and lows. When prices touch these areas, they usually fall back to the previous range, which results in losses for every trader trying to stay in the direction of movement. and Then you can try to follow some strategies and get that match with you and then you can adopt it as your system and after some time you will have good experience to develop system and then do trade better than yesterday.
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Forex as already grow and is known every part of the world, but most people still did not known is existence, so i want to ask if Forex will grow more for every one in the world to no about it, because is a profitable business, and if one person in a house do it, and he/she get successful he/she will introduce it to the family and from their family introduce it to their friends, do you think that every one in the world will no Forex and join the market to trade too, or is only for some few people to know.
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trading toough i am old in trading but i don t know trading i have no any earning source in forum
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I could easily say that the best strategy is a price action strategy, and that may be true for me, but it would not be right for you because you might not be able to trade as many hours or at the same times as me. That is why to find the best trading strategy it must be custom built for each person.
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i think that if you are a new trader or a bigginer in this field than yo must follow these rules and get one the suitable with you and then you can adopet it you will be successful trader and earn many from this forum so all new trader use demo account for success and get experience of forex and gain knowledge of forex there for you would be a professional trader and you earn from here and also do not be lazy and be active to watch the market and take the right desion on the right time.
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One biggest mistake for many new traders is starting to trade Forex without a solid Forex trading strategy. Good trading discipline, psychology and humility are only achieved through experience.
To be successful in Forex trading, you’v got to have a strategy/plan in place which you must follow.
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Indicator based strategies work well in specific market conditions. If you have a strategy that works in low volatility markets, it will fail in high volatility, ranging, or trending market conditions. Price action doesn’t only adapt to changing market conditions though, it adapts to different pairs, different time frames and, crucially, to different traders.
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no est but then you can try to follow some strategies and get that match with you, and then you can adopt it as your system, and after some time you will have good experience to develop system and then make trades better than yesterday , so learn before earning. and if anything, everyone will copy it and thus the system will vanish. But try to practice in a demo account before scheduling a real account and trading in a foreign exchange trading strategy is about time. If you think you can not, then you can not do this is the rules of the game
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I want everyone to know that the trading system is not built in a day and also If other people make money with a certain system then he has made adjustments and used it for years or months to make money with it. Simply give you an example that every system is not 100% correct and even 50-60% system accurate then if you are careless in the remaining 40% -50% and do not use you to stop well or even let your losses run then you will lose everything in a short time. But if you are 30-40% right and take full advantage of your chances and reduce your losses, then you will make more than you expect and that is the truth of what strategy should always match your strength and everything else is waste. and does not work on Forex or in any trade market.
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yes unfortunately personally i think without proper knowledge about the forex market and no experience can get the best strategy even though i have been trading for 6 months we have not got the best. But I am not depressed. and if you want students then you have to take step by step and analysis it is better for forex and forex trading is our knowledge and skill that enable us to make our trade in a positive direction.