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ma abi tak koi be startegy ko use nahi kar raha ho abi ma forex ko sirf munal trade kar raha ho jab time milta ha forex ko karne lag jayta ho jayse he news ayti ha news ko dekh kar trade kar layta ho ja pher market ki smj a jaye pher trade kar layta ho
main market ko analyse kart reta hon and than apni marzie sa trades openkar daita hon , main different points pa trades open karta hon , and volume b 0.05 ya is sa above karta hon , than mje jb 20 to 50 pips ka profit mill jiaa main inkou close kar daita hoon .
i am usiing different strategies in different situations because forex market is changing the face every time so we need different strategies to make success in forex market. i am usually making profits by some technical indicators.
at the moment i dont have a fix strategy some time i use one strategy and some time i use the other some time i do hedging and some time i do scalping and some time i do long trading and some time short trading
Most of the time i like to use the long term strategy but the forex market volatility is very high due to which i am not able to make proper decision at proper time so it is better to use stop loss and take profits to our trade as safe side.
I use fundamental analysis and technical analysis by studying hourly and weekly charts of that currency pair. Then i cross check using candlestick tool. I usually set my take profit tool at 50 pips and stop loss at around 30 to 40 pips.
For me I am a new comers . for me ,after applying fundamentals and a techniques studies, I predicted a support and a resistance of that pair and then according to those values, I set TP and S for my dealling !!
before i give any trade i do first news analysis then if i can get idea about market movement then i make relation with my news analysis and the indicator which i setup in my trading software. then if my indicator and my news analysis give me the same result and also i can predict the market trend then i give a trade that is my strategy.
yes , i think when we do not make a decision at proper time , it is only due to emotions . some time we do not open trade due to fear of loss and it we miss a lot of profit , i think we should trade with confidence .:)Quote:
Originally Posted by fxmoney
Long term trading ke liye stop loss aur take profit dono hi jaruri hota hai, kyun ki kafi baar trader ko sahi entry nahi mil pati hai, isliye agar wrong trade open hua, to wo stop loss se kafi capital bacha sakta hai.Quote:
Originally Posted by fxmoney