I would like to follow a defensive business strategy to do business in the Forex market. Because aggressive strategy sometimes gives high profit but sometimes looses all the capital. A defensive strategy gives low but steady profit.
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I would like to follow a defensive business strategy to do business in the Forex market. Because aggressive strategy sometimes gives high profit but sometimes looses all the capital. A defensive strategy gives low but steady profit.
Personally I do not know many strategies but recently I've about one which is called scalping. It actually involves a little of risk relatively to other techniques because of the nature of that one. You need to get in as well as get out of a transaction pretty quickly which along with the time demanded for noticing good trending candles, buying and selling in the right moments, approximately 15 minutes.
This strategy is an aggressive step and rely on the speed of the transaction and should not be mistaken and too late to take a position. and takes advantage of the movement up and down in the chart, to run it full time and need full concentration to focus mindsQuote:
Originally Posted by dapsz123
sab say achi strategy yah hai forex market may trade karna walon ki kay har trader ka aik apna style hota hai trading karana ka kon kis types ko follow karta hai aur kon kis ko lakin sab say acha woh hai jo profit hasil karta hai market say....
It all depends on your selection. Only take that strategy that is eligible to your money management and your module. Never test every strategy because it is hopeless. Get a strategy and then test it in exhibit and fighter it.
Yes this is the main point we all should find our own strategy and style that fits us.This is needed for long term success in forex.I think price action and trendlines with fibo works incredible.Quote:
Originally Posted by ishvara
all is good in the forex strategy. The most important part of the success of a trader, the trading psychology and money management is good. Because the fact is that, a professional trader only uses a simple strategy that uses simple indicators as well.
Every peoples can't be generalize forex strategy . Every trader has a different way. So you should find your own style. At first you have to realize what type of trader are you. Scalper or day trader or swing trader? By finding this basic things, you will want to try several strategy related to your personality, and then you will tweak that strategy to suit you even better.
My strategy is to look at the amount of capital I have and the fact that I have to practice proper risk management. I really want is a long-term success. I intend to manage money correctly my account, I have a relatively small account, and I know that will not "get rich quick" or to quit my job in the near future. The more I accept it, the trade will be easier because I will not feel the "pressure" to make a profit quickly.
There are a lot of strategies out there, you can found n number of strategies in forums like Indian forex and others, but if you are a beginner you should take some easy strategy first and try to master it, also try to learn some price action along with indi.s