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Right now it does not matter to me what market session is it. What is important to me is entry and exit point. In forex trading what matter most is your exit point. its either your SL or your TP. Most newbies if not all don't think of SL when they open a position. they only think of TP. But when their position hit negative they panic and do emotional trade. because they are not prepared for SL.Quote:
Originally Posted by newentry
Yes London and New York opening session is good profit making good profit. But if you choose London and New York overlapping time then you can easily make big profit on very short time. Because in this time market move too high then others session.Quote:
Originally Posted by Tarek
Swing trading in this forex currency trading business works well for any trader that know how to successfully apply it in their trades. The main problem about it is that many traders have less knowledge about how to apply it and they have inadequate funds as well.
app jab forex trading main experince hasil kar lo ge na to phr app ko pata chal jaye ga k en k darmiyan kiya diffrence ha or app en ko kab or kese use kar saktey ho ye market k mode par hota ha k kab swing trading karni ha or kab day trading karni ha
jo best time hai woh opening of london ka aur new york session ka hai most jo hai woh breakout karta hain swings aur reversals happens at this timeQuote:
Originally Posted by liam1
day trader, what ever your strategy suits, but for swing look for an event in forex economy calendar and make good setup on your chart, it can be any time. high impact news will shake market and make trend and your profits from swing
I agree and just like other news it does not last or the old news will be replace by the new news. that's what is happening in forex trading calendar news. If its good news a particular currency will going to increase value. But once its a bad news its going to loss value. Just imagine that theirs a good news today and after three days theirs a bad news. then its a very volatile market.Quote:
Originally Posted by warnisw
mujaa trading karta hwa kafi waqat ho aga ha taqreban muaja trading karta ho two month ho ga ha muaja to trading sa or na he trading softawar sa koi masala hwa hay es laya main ahci or best trading kar rha hon wasa to muja trading main loss be karfi hwa ha pahr be main na kafi kuch hasil kar laya ha trading sa.Quote:
Originally Posted by liam1
yes news just not from calender economy only, but many instrument of economic will be effect to market, for the sample crysis economi, bank liquiditas, war, house pricing etc.Quote:
Originally Posted by budado
maybe you're right that SL is not the whole strategy but it's one of part of strategy. There are some traders who didn't use SL as their risk management but Cut Loss, locking or maybe they didn't use anything but their capitals to hold the floating loss. For beginner, I think we should use SL in our strategy because usually beginner did some mistakes. So SL is good to prevent us from Margin Call when we made mistakeQuote:
Originally Posted by criztaliz