I have a forex account and would like to know that people think is the best startegy to employ in the current market conditions?
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I have a forex account and would like to know that people think is the best startegy to employ in the current market conditions?
ye to app k mode or style par depend karta ha or kisi had tak app k account balance par bhi es ka depend ha kioun k app ko pata ha es baat ka k her kisi ka apna apna mode alag alag hota ha or woh apne hisab se trading kartaha esi liye main bhi apne hisab se trading karta houn or apne account balance or style ko dekh kar he scalping strategy use karta hounQuote:
Originally Posted by deep thought
The best strategy is the strategy that we understand in forex exchange trading. These strategies are very good for us since we manufactured it and we know very well about how to use it to trade forex.
It all depends on your choice. Only choose that strategy that is suitable to your money management and your understanding. Never test every strategy because it is impossible. Develop a strategy and then test it in demo and master it.
There are lot of strategies present on the internet for trading , but not all suits everybody. So one needs to develop his own strategy based on taking inputs from others. The own developed strategy being unique has greater edge on others, but needs lot of fine tuning based on experience.
I guess it all depends on your personality. If you are a patient person that doesn't mind waiting a couple or at least a day to see the results of your investement and don't mind risking you money you should look at long term strategies.
If you want to see results after a couple of hours/ticks of trading then you should probably learn scalping.
But any type of strategy you use you should learn all 3 types of analysis first.
main to gi her taran k strategies use karta houn main ye sab market k mode ko dekh kar he fesla karta houn k kn se strategy ajj use karni ha esi liye main sab qisam ki strategy use kar sakta houn or ki bhi hane or mugh ko un ko use karne main bhi kafi aaboor ha lekin main khud jo ha long term trading ko kafi pasand karta hounQuote:
Originally Posted by deep thought
i think that you need to make a strategy according to your account balance....if you have more capital, then you can make a good plan and can make some profit with that.....but if you have a less capital, then your aim should be to trade more carefully and aim at less profit and try to compound and make your capital of account bigger.....you should make a strategy which is risk free and is according to forex market rules.........
i am afraid to say that there is no such thing as the best in forex, the strategy which works fine / best to a trader may not suit another trader because his expectations and needs doesnt suit it. So the plan / strategy which suit ourselves is the best for us but it may not be for othersQuote:
Originally Posted by deep thought
Look at the resistance points. Buy lot when it starts rising from almost the least resistance point. And sell it when you thing you have got what you deserve or when the price starts dipping consistently. Try to finish the trading in one cycle itself. Don't wait 2-3 cycles and look for more profit and margin.Quote:
Originally Posted by mayengbam
I think it's all good strategies for forex, but most importantly, be in accordance with our trading style, and how we use it, we must be consistent in using a strategy, do not often change strategies, and always use good money management, more patient and discipline.
I had been using daily trading stratgi, I just put in a position once a day, and even then if there is a strong signal. TP, but I always put so much profit that I get too big if my prediction was correct. I do not wipe scalping because it would only make me tired
Learning about strategy is the most difficult for me and I was trading without strategies and taken big loss but now I understand the one strategy which is Bollinger Band. It is the easiest strategy for forex trading and now I am happy with it because I am taking good profit.
Several studies have shown that the Technical Analysis can be used as one method to build a portfolio using market timing. Simple research conducted by Norman Fosbeck shows that "market timing" is better in generating profits than Buy & Hold. The simple problem is that we need to really master the technique ..
ye to gi app k experince or app k mizaj par he depend karta ha k app ko kon c strategy sout kare ge ye app ko khud he chak karna parrey ga app ko koi or nahi bataey ga k app ko kon c strategy soute karey gi esi liye app ko apni strategy khud he dhoundni parrey gi or us ko peheley demo trading kar k chak karno or baad mainreal main tray karnaQuote:
Originally Posted by deep thought
from my expereiment on the forex i see that all the strategies get the same percentage of the win and lost and we use the best one just to avoid the huge lost so i think that we should do the best management of ou money if we want to make money floow ur strategy and make the TP at 50pt and SL at 20-30 pt and you will success
forex strategy can't be generalize for every peoples. Each trader will have a different way, you should find your own style. first you must know exactly what type of trader are you, scalper, day trader or swing trader? By knowing this basic criteria, soon you will want to try several strategy related to your personality, and finaly you will tweak that strategy to suit you even better.
In currenct senario the market us bullish but it will take one week to be completely bullish and there are looking some type of bearish patterns so understand the market is the fun in forex.
mere nazdeek to sab se achi strategy jo kisi bhi forex broker k liye achi sabit ho sakti ha woh manaul trading he ha es k elawa koi bhi forex strateg itni achi nahi ha app manual trading karo ye app k liye kafi achi sabit ho gi or ye app ko or strategy se kafi acha profit de giQuote:
Originally Posted by deep thought
I think that the best strategy in forex trading is to trade with the long term trend as the sentence that say trend is our friend i think they mean the long term trend as it is the main trend as it is as a big gear that moving the other small gears.
yup, each trader must find their own strategy, we can not ask someone else to find the strategy for us. it may suit them but not us. each traders have a unique criteria and personality that should be equip with the strategy that could keep up with those criteria and personality. and the only one who know how to create it is only ourself.
the best strategy in forex trading for me is to trade with the long-term trend as the sentence says "trend is your friend" I think they mean the long-term trend because it is the main trend because it is as a large gear which allows the movement of other small gears.
Well one method of trading looks good for one and the same may not profitable the others, so it is always better to stick to the method which is suitable and comfortable for us to do trading. And if we are reasonably making profit then better improve it instead of looking for other.Quote:
Originally Posted by enter
I think, there is no perfect strategy. all there must be advantages and disadvantages. we should be able to choose a strategy that fits with our trading style. not necessarily, a good strategy in my opinion, but for those of you not good.Quote:
Originally Posted by benys
There are many strategies out there on internet, but first you need to know what type of traders you are, short term or long term trader, there are swing trading, day trading and scalping.
If you are a long term trader then you will choose the swing trading which you will used to hold a position for weeks and months, if you are a short term trader then you will choose day trading which you open a position and close it in the same day.
There is the scalping method which the trader hold a position for seconds or some minutes and close it after earning three or five pips, That all depends on the trader him self, and your capital your strategy your personality.
For me I am a short trader I like the intra-day trading which I can hold a position for one day and close it in the same day, I don't like other types of trading like the scalping or the swing
forex strategy can't be generalize for every peoples. Each trader will have a different way, you should find your own style. first you must know exactly what type of trader are you, scalper, day trader or swing trader? By knowing this basic criteria, soon you will want to try several strategy related to your personality, and finaly you will tweak that strategy to suit you even better.
main to gi sahi baat ha do tran se forex trading kar raha houn or un se mugh ko kafi profit bhi horaha ha main to gi sab se pehely jo mugh ko achi lagti ha strategy manual trading karta houn es se achi koi bhi nahi ha strategy es k baad main scalping karta houn ye do mugh ko aati hane or en se main profit kama raha hounQuote:
Originally Posted by deep thought
until now I still find a strategy that fits with me. I have several times tried several strategies, but still suffer loss. now just try a new strategy, but this strategy was just trying for three days only, so it is still not proven whether or not profit
Indeed there are lots of tips on the market on online, however, at first you need to understand which type of investors you are, temporary or alternatively extended expression trader, generally there are swing trading, day trading and scalping.
I think range trading based on support and resistance at lower and upper end of range, is widely known and working strategy, it being easier we can earn few times before range is breaken and even if range breaks we have stop loss ready to save us from big losses.
i think that best strategy in forex depends on different type and style of trading...so if i talk about myself..i am a scalper...so i always follow trends and market news and then trade...but most of the time, i will never risk more than 5% of my capital and also try to aim at less profit but a safer profit.....it is the trend following strategy and is working for me...
there is no fixed starategie that can work with all traders because of alot of things like how much money do you have and also your personality can you control your emotions and wait the all day and the most impotortant that you need to have confidence on yourself
system or the best strategy for a trader is not necessarily also be a good system or strategy as well for another trader. because it is influenced by the type and way of trading of each individual, mental or emotional factors and psychological well affect the outcome of such trading # but this does not rule out the possibility that we too can be successful by using the system or the best strategies of successful traders, that by obeying all the rules given in order to follow a system or strategy is suitable or equal to the way in which the trader is successful.
I think there are lot of strategy available in forex market. But all strategy are not suite to all trader. So you need to find out your suitable strategy. And you can easily find it on your demo account. Before using any strategy you can test it on demo account and if you thought you can make good profit with that strategy then you can use it on your real account.
bahi aik baat to bateen hum money management banabte kuin hain kuin k hum ko paat hota ha ki losses hone ha or unko bear ekrna ha to main that money management k main concept yehe ha k make losses affrodable , ager koi trade aik acha method chahata ha to main yehe kahun ga k aik achi strategy eyehe k kabhi b jeldi wrong trade na lo busQuote:
Originally Posted by mohameed
The best strategy is a strategy that fits with our character. if we follow the steps or strategies of others, it is also permissible and legitimate, but we have to know where in which if we can enjoy and prove beneficial to our trade. all the strategies has advantages and disadvantages, and we who have to improve.
i just do trade from my own anaylsies i use indicators for my trade throw trade i can judge about rate you should use pera bolic sar moving average stochistic oxilator or the main advice form me that control your greed .