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I think the technical analyst is very important. because the forex market often show movements which repeat, so it can be analyzed with analysis techniques. and I also included the use of analysis techniques to predict movements in the market, and so far I am getting good results, and I had to deepen my ability to analyze it.
Losing the money will happen whatever the way u used that's not the point but the deal it how trade way or style u can work with and fit you not every way is good for every trader and not every trader is good for every way just like scalping not can any body just make it without turn to disaster to them.
I use a technical method of my own. I read more books to trade properly. I think forex trading is a good and smart business.
i never try to have new experiences in forex trading i only use analyses method and keep close observation on news and market trends in this way i make myself to be successful trader
open position in a market that is trending is a step in a very precise trading is simple but almost always bring profit as long as the discipline of open markets and determines when to come out, just a lack of discipline and emotional control are out to thwart gains in markets that are trendingQuote:
Originally Posted by maaz
As forex trading is the foreign exchange market or currency market so you should learn money management and it is going on internet based so you gather IT operating knowledge . You have acquire ability to Predict the future Market Moves . Learning may be important method to survive forex.
trading method that I can use as you mentioned earlier ..
it usually does in trading forex is most traders use technical analysis, I often use teknukal pung analysis.
the actual trading melakikan should not only use technical course should be balanced with the fundamental analysis we also tentun yes. usually very aggressive market movements that fundamentally influence
there are many method for trading but i do not use all strategy because all is not good so i use technical analysis and with many other analysis that is very valuable for trading.
Here is a common strategy I use to trade pullbacks. I scan for stocks that are trending up and have pulled back for a minimum of 3 days. I use a couple of scans for this. One scans my universe of stocks for 3 lower closes from a higher high. The other scans for stocks that have greater than 300k shares per day , priced over $10, have had the 20, 50 and 200 ma’s stacked for at least 90 days and today’s low is less than the 20 ma.
Entry is just above the high of the lowest bar, stop is just below that bars low and the target is the last swing high. The reward (target - entry) has to be 3 times the risk (entry – stop).
I have been entering the trades with a stop limit order with a bracket order attached. Set it and Forget it. You only need to win 26% of your trades to break even.
I thinks the best method in forex is technical analysis.By using this method every trader can make money easily and within a short time.