A Rookie

May 16, 2019 at 06:31
2,238 Views
30 Replies
Amirzayyani
forex_trader_723357
Member Since May 13, 2019   1 posts
May 16, 2019 at 06:31
Hello traders, I want to know how can we develop a strategy for our self? I am interesting in elliott waves, how can I improve my self in this method? I have almost read every source about this topic, yet I cannot do the right trade. Please tell me what should I do😕
Member Since Feb 07, 2019   47 posts
May 27, 2019 at 11:53
have you tried youtube? i dont know much about elliott wave but i find a lot of good videos on there about other stuff, i guess practice is key to getting it right.
Member Since May 27, 2019   11 posts
May 28, 2019 at 11:50
right, youtube is the best way to learn, you get visual examples of the strategy and how it works,
Member Since May 22, 2019   11 posts
May 29, 2019 at 05:51
I have watched so many youtube video and read so much over 5 years and still I don't really have a firm strategy that works. I do not know if I every will (or anyone else really has a winning strategy)
Member Since Dec 09, 2016   49 posts
Jun 02, 2019 at 07:27
DeutschDom posted:
I have watched so many youtube video and read so much over 5 years and still I don't really have a firm strategy that works. I do not know if I every will (or anyone else really has a winning strategy)

before wasting 5 more years, try to get yourself into fundamental analysis, few months and your results will improve a lot
Member Since Feb 08, 2019   213 posts
Jun 02, 2019 at 14:08
Elliott Waves are an advanced topic and not where a beginner trader should be starting. I advice you do as Gabor says above...
Member Since Jun 29, 2019   65 posts
Jul 12, 2019 at 12:47
A trader can either follow the footsteps of successful traders who are developing their own trading strategies or he can try to develop some trading approaches for him as per his knowledge and expertise level. Usually if you are a beginner, then pro traders suggest that try something completely new can be risky. Rather it can be better to acquire basic understanding with the adoption of established trading strategy here.
Member Since Jul 16, 2019   10 posts
Jul 16, 2019 at 10:37
Most youtube videos are secretly trying to sell you some scam. I wouldn't trust anything that they say. Go find a proper trading course not some joker who claims to know what they are talking about
Member Since Jul 03, 2015   10 posts
Jul 28, 2019 at 22:09
Amirzayyani posted:
Hello traders, I want to know how can we develop a strategy for our self? I am interesting in elliott waves, how can I improve my self in this method? I have almost read every source about this topic, yet I cannot do the right trade. Please tell me what should I do😕
Hi,


If you wanna develop a good strategy, begin with knowing which are the best currencies ( Fundamentals ) to trade on any given day or session. The technicals are just for entering and exiting the market. If you know the reason behind the move on any pair, you get the conviction to buy or sell any pair with a high rate of success!
Member Since Aug 27, 2017   994 posts
Oct 31, 2019 at 15:43
Jedimaster1 posted:
Amirzayyani posted:
Hello traders, I want to know how can we develop a strategy for our self? I am interesting in elliott waves, how can I improve my self in this method? I have almost read every source about this topic, yet I cannot do the right trade. Please tell me what should I do😕
Hi,


If you wanna develop a good strategy, begin with knowing which are the best currencies ( Fundamentals ) to trade on any given day or session. The technicals are just for entering and exiting the market. If you know the reason behind the move on any pair, you get the conviction to buy or sell any pair with a high rate of success!

It takes such a long time to build a good trading strategy! In my trading, I don’t use any indicator based trading style! I am dealing with Price Action trading.
keeping patience.......
Member Since Mar 03, 2019   57 posts
Nov 10, 2019 at 20:54
There are lots of good articles on youtube. I would also recommend Babypips to new traders. Also make sure that you test new strategies etc on demo.
Member Since Nov 08, 2019   26 posts
Nov 13, 2019 at 07:54
steveday1976 posted:
There are lots of good articles on youtube. I would also recommend Babypips to new traders. Also make sure that you test new strategies etc on demo.

I wouldn't strongly recommend YouTube videos because they are too biased sometimes and some information just fall flats. But I am sure there are other good one out there.
And yes, babypips School is really a good place to start with.
Also, if it helps, keep a journal with you every time you try to trade, whether it is in a demo or real account.
Member Since Jul 22, 2019   17 posts
Nov 25, 2019 at 03:43
i was actually looking for some good youtube channels. will check the ones listed here. thanks.
Member Since Aug 11, 2017   886 posts
Jan 14, 2020 at 16:14
for newcomers live account can be a dangerous decision,
 because they cant control emotions when trading.
Member Since Aug 09, 2017   785 posts
Jan 23, 2020 at 09:43
the result of any kind trading strategy depends on your money management, if not there is no real chance to bring good result by using any good strategy.
Member Since Aug 29, 2019   11 posts
Jan 24, 2020 at 13:51
You can get good results with good strategy even if bad money management but not the other way round
Member Since Feb 08, 2019   213 posts
Jan 26, 2020 at 16:12
Without good money management you will be doomed to failure
Member Since Feb 14, 2020   10 posts
Feb 14, 2020 at 09:58
This resource contains a lot of useful information, but not everyone can use it correctly.


Member Since Oct 07, 2019   39 posts
Mar 03, 2020 at 06:30
Treeny posted:
Without good money management you will be doomed to failure
Exactly many traders tend to neglect the significance of money management which results in a total wipeout of their trading account sooner or later.
Member Since Jul 09, 2019   33 posts
Mar 03, 2020 at 07:32
Mohammadi posted:
for newcomers live account can be a dangerous decision,
 because they cant control emotions when trading.

Yeah that's the most challenging thing for them. And if someone is able to control his emotions at an early stage, then he must not worry about his future as a trader.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.