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Your idea is look very good but it is trial and error method if i should say.This has to be demo traded for long before trading it in real account.Meanwhile i always advise traders to learn technicalities of forex more than spending energy and time looking for good indicator or softwares,these things are decisive .
weill ti avoid all u have u use the priceaction on higher time frame like 4 hr and day chart, the price-actin didn't net any indicator so pl z do the trade withe price action, on higher time frame
to play money in forex, it required a lot of acquisition, you necessity to succeed hard, acquire a your own strategy, don`t really on any Google, ea`s or software, still if you pee use of them , try to concern your own strategy.
main hamesha apni trading mein stop loss use karna pasand karta hoon, kyun ki main janta hoon, agar stop loss maine use nahi kiya, to mera sara account blow ho sakta hai, kyun ki kafi baar hum exit wale point par entry kar dete hai, waha se kafi price move karta hai.Quote:
Originally Posted by akp202
Indicator gives you idea or help to take decision make trades.It's depend on you account ,If you have small balance you can trading in tension.if you have big capital you use indicator very well and doing trades profitable .indicator can give you a idea,show market trend.
professional trader always use stop loss in their trades because they know that forex market is very risky market and it is not easy for a trader to earn profit from this market and we must use only calculated risk.:)Quote:
Originally Posted by dareking
Its really not good when we let the minus floating and if there is less amount in our balance . i had an experience many days ago when aud/usd naturally not traded (most of the time ) high of 1.000 and that time i was newbie. i open a position of sell order and its go higher and higher and cross 1.000 , i deposit more money but atlast i lost all. so i think its always good to use SL.
I guess there is not such a method. although this is often the case. not be an indicator created for losses. perhaps because we do not understand the correct use of these indicators, so we entered the market less precise. indeed if I studied every indicator has its own time use. not all indicators were appropriate in all situations. for that we are another indicator for consideration
You have presented good strategies but it will be against the theories that traders have read and learned. However i also noticed the same for stochastic that it gives very good buy opportunities when stochastic reaches at over bought level. Most of the traders sell at that level but it is best signal of buying according to my personal observation.
i use to use this strategy after I was new forex however sumtines i exploitd to get losses than later i began to get a lot of losses therefore i stoped and began to follow the trends frm sites created smart profits on the other hand i created a blunder and got demand