As a newbi which strategies i should to try in damo acct? Please explain with a currency pair example and along with a understandable chart. thanks.
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As a newbi which strategies i should to try in damo acct? Please explain with a currency pair example and along with a understandable chart. thanks.
i would like to suggest a simple strategy on 30 minutes chart put 120 MOVING AVERAGE with expect and if bars are above 120 line go for buy and if bars are below trend is down and go for sell only
It's up to you.
How many time you have a day to allocate for forex trading ?
If you have time to stay in front of your laptop when you are in trade,
then by all means.. try to search of scalping strategies.
If you do not have time and prefer less time to be spend on analyzing and entering the market -
then choose any strategies from a swing system.
No one can suggest which one is the best trading system for you.
Different individual prefer different styles. Find it on your own.. :)
Browse through each thread here in this forum, in this section.
you can find many interesting trading strategies shared by members.
anumalik thanks to reply i think with moving average 120 and 30 minut chart are not the only things to try. in my opinion RSI and SMA also should b consider and as well as for trailing stop there should b some indicator. what you say?
I have try 2 to 3 strategies in my trading on dammo acct these were successful for me. But i am practiced them on my live acct. i hope these will be profitable. If these will give profit i will explain these.
i really do love scalping in this forex market i do know that scalping is the best way that one can be able to make some really good money withyout stoping .
Brother in beginners level you should not follow one strategy.This time you need learn more about Forex market al kinds matter.Then you select one strategy for trading.Thanks brother.
Can you explain what kis scalping? and how it works? Is scalping is the best way to earn good money from trading? can it be proved profitable for some one? I really want to know about it. Please share with us .
---------- Post added at 01:18 PM ---------- Previous post was at 01:15 PM ----------
yes you are right brother in beginner level i have learn about forex market. After that i have get some experience in damo acct and i have choose 3 strategie for practice purposes. that have been proved profitable for me. now i am trying these in live acct with minimum lot no.
in demo account, you can try some methods and strategies, just try for somes and learn them. and then you will get a choice to use something suitable with your styles, this is very important for you, because it will become your best trading system later, and so, learn it as well as you can, make practicing and master it, and then you will get the right way for your trading forex