I have a forex account and would like to know that people think is the best startegy to employ in the current market conditions?
Printable View
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 houn
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 houn
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 others
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.