Let's discuss the strategies which were really helpful and worked most of the time.
It will be great if you can describe with appropriate picture.
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Let's discuss the strategies which were really helpful and worked most of the time.
It will be great if you can describe with appropriate picture.
Here is my strategy .
I use ATR channels and stachastic rainbow together.
Whenever st-rainbow contracts pullback occurs. Market comes back to middle line (pink).
This strategy helps me to get 60+ pips easily. But its useful when market is volatilehttp://ubuntuone.com/579EEJwt69xMeZZnjdYYeB , i mean if market is too slow then
no guarantee of pullback.
If you have doubt in this or any suggestions then post it.
There are some strategies that work better than others but there are some market conditions when most of these strategies fails or at least start resulting in regular losses, but one and only way to make money out of forex in my view is long term investment - with safe leverage in those fundamentally sound instruments.
yeah scalping is good strategy for me..i will definitely like to follow scalping strategy inspite of other type of strategies. because it will provide quick result and tested strategy.
And like to use SL and TP with 1:1 which make my strategy quite effective. means like 20 pips for SL and same for TP.
I think trading with as less greed as possible is the best strategy in forex trading. If we will trade with less greed then we will try to earn a small profit and that will make our trading with less emotions and less mistakes.
i am using MACD indicator for scalping trading.
in scalping my take profit is only 6-10pips and for this kind take profit i put 30pips stop loss and some time without stop loss.
this is success but due to some strong news it will be fail. i am trying to improve it more.
There are many strategies in forex.I am use 2 or 3 strategies for trading,but most successful strategies is Moving Average.I am select 5 and 10 both lines,when the lines crossed the trend is absolutely change and give you right Direction.
My most profitable startegy is the pivot point strategy which I use for day trading. It earns me consistent profits. Before now I tried swing trading using candlestick chart patterns, but the chart patterns do not always form so getting a trading opportunity was quite difficult.
I tried this strategy on a demo account but not in real yet, in this strategies while trading in gold i spend only .5% of my capital to buy gold and if it slip down by 5$m i spend another .5% so i keep opening buy trade on each $5 gap many times price move up and i book profit whenever it is giving me 10$ profit, keep on doing this for several days and there come a time when i have many trades open but am in 50-100% profit if i close all positions. I understand it look quite kidish, but it is not much risky and i found it work, just you dont book profit daily.