What is the best strategy used as a new trader?
Member Since Nov 03, 2020
65 posts
Jul 06, 2021 at 04:32
I think you need to listen to what suits you best, to which you have more opportunities to be confident that this strategy will be useful to you.
Member Since Jul 23, 2020
869 posts
Aug 07, 2021 at 15:09
I think all strategy is good if you can master it.
Member Since Jul 23, 2020
759 posts
Sep 06, 2021 at 15:58
Day trading is best for a new trader in my opinion.
Member Since Mar 17, 2021
536 posts
Jan 06, 2022 at 17:55
SofieAndreasen posted:I also think so. Every new trader should start with day trading.
Day trading is best for a new trader in my opinion.
Jan 12, 2022 at 09:16
Basically, you have to create your own strategy. For new traders if you just recently have joined a broker, then you should go to demo account and just open positions, long or short, it doesn't matter. It's the best strategy and simultaneously you should learn theory about trading. When you will open positions, you will start noticing regularities on the graphics and gradually you will be able to start to understand some feature of trading activity. After you will gain enough theoretical knowledge, you will create your own strategy and you will have to test it on demo account. Guess that it's enough for a new trader.
Member Since Mar 16, 2021
477 posts
Jan 13, 2022 at 00:49
Although you will get a good solution from Google. Yet I can give some ideas. There are some strategies you can use, such as having an idea about the news and thinking about the news effect, following the swing strategy, following the support/resistance level, understanding the market sentiment. Trading will not be so difficult for you if you can form an idea about these.
Member Since Sep 24, 2019
23 posts
Jan 13, 2022 at 20:50
There are no best strategies or worst strategies, all of the are considered to be strictly individual, because nowaday traders can choose the strategy which they want or the best option is to create their own ones. No doubts, that strategy plays a major role in trading activity, because it literally determines how sucessful you will be on the market. However, it doesn't mean that you have to seek for some best strategies.
I got used to believe that all the strategies are the best, because once they helped traders earning money, thus they can be considered as effective ones. Anyway, you have to elaborate our own strategy and test it until you will start noticing the result.
I got used to believe that all the strategies are the best, because once they helped traders earning money, thus they can be considered as effective ones. Anyway, you have to elaborate our own strategy and test it until you will start noticing the result.
Member Since Jun 21, 2021
33 posts
Jan 14, 2022 at 11:29
forextrader777 posted:Well said!
Any strategy which you have formulated on your own according to your trading style, needs and risk appetite is the best one.
Rather than copying strategies, traders should work on making their own strategies.
Member Since Jan 15, 2022
4 posts
Jan 15, 2022 at 11:15
I am also a new trader and hoping to learn some strategies that could help me succeed in this field.
Member Since Jan 15, 2022
4 posts
Jan 17, 2022 at 02:30
RobSchiz posted:Thank you @RobSchiz, for great advice. I am working on that.blareblare20 posted:Every new trader should make a good plan to survive in this market.
I am also a new trader and hoping to learn some strategies that could help me succeed in this field.
Member Since Jan 17, 2022
2 posts
Jan 17, 2022 at 09:44
fxprofitpips posted:bgaymon1 posted:
My main strategy with being a new trader has been with using price action through top down analysis along with support, resistance and trend lines. Ive been thinking about adding some indicators as well as so far started using the EMAs. In the future im thinking maybe Fibonnaci can help with catching more accurate retracements. Anyone else have experience with any indicators they think are really good to start off with? Or implement them in their price action strategy? Just wanting to get some input and ideas!
thanks it really helped alot to learn more as a new trader
Member Since Aug 17, 2021
94 posts
Jan 19, 2022 at 10:21
To learn the basics, new traders should usually work with indicators. Basic notions must be developed by evaluating several types of indicators like as the moving average, the RSI, and the Bollinger bands, among others.
Jan 20, 2022 at 02:28
AliForexTalks posted:If you want to work with indicators, I would say Hunter P Pro 7 can work with custom indicators.
To learn the basics, new traders should usually work with indicators. Basic notions must be developed by evaluating several types of indicators like as the moving average, the RSI, and the Bollinger bands, among others.
Jan 21, 2022 at 18:01
I got used to think that the best strategy is not to have any strategy when you're on your first steps in trading. The matter here is to understand the basic mechanics of price changes and price movements. You should open a demo account, and just start making deals, based on your personal feelings, you know. Here you shouldn't appeal to your logic or analysis, because you don't have enough knowledge and skills yet. When you will start noticing regularities, you will be able to think about your strategy. On this stage, you can start exploring various technical indicators/patterns/figures and so on.
Dagdakelv
Jan 21, 2022 at 18:20
The main thing which you have to understand is that on initial stages, you shouldn't bother about strategy at all. Everything because you have less knowledge about trading than other traders, that's why the better way to start to understand all the basic things in trading is to ind a broker and open demo account. Then you just choose some assets, for example, currency pairs and you should simply watch for the price movement and try to follow up the price changes. When you will learn how to reveal regularities on the graphic, then you can start thinking about your own strategy. It will take no more than couple of weeks of daily practicing.
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