Does forex strategies usually work>
Mitglied seit Jun 19, 2021
49 Posts
Mar 06, 2022 at 07:51
I can easily blow all of these opinions out of the water in 5 min of a video chat/phone conversation with me.
*I kill pips for fun.*
Mar 06, 2022 at 23:13
If traders have the experience of using expert advisors, most ea need to upgrade, sometimes work on the market but when facing another market condition, maybe the system doesn't work correctly. this is one proof if forex strategy will work all the time
Mitglied seit Jan 06, 2022
19 Posts
Mar 11, 2022 at 07:55
Every market requires a different strategy. Some techniques are more effective in trending markets, while others are better in rage or volatile markets. Take some time to learn about the market you're in and what methods are most suited to those circumstances.
The more time you devote to learning and practicing a plan, the better you'll get at executing it. You'll have a better idea of what's working and what isn't if you take a thorough approach. It will be more difficult to establish what aspects are driving your performance if you modify your plan too frequently or add needless complexity. Stick to the basics and trade with the trend when in doubt to maintain the odds in your favor.
The more time you devote to learning and practicing a plan, the better you'll get at executing it. You'll have a better idea of what's working and what isn't if you take a thorough approach. It will be more difficult to establish what aspects are driving your performance if you modify your plan too frequently or add needless complexity. Stick to the basics and trade with the trend when in doubt to maintain the odds in your favor.
Mar 21, 2022 at 15:28
richardmarcus posted:Well, if you try to copy/paste others trading strategy or system, then surely you’ll suffer! In reality, most of the technical tool based strategies are meaningless in a long run, so don’t waste your time by following technical tool based trading tools! Try to learn chart reading (Price Action trading) strategy!
I am compartively new to trading and have many times came accross term like trading strategies can anyone explain me this it is just a myth or they work for real.?
Thanks in advance
Mar 22, 2022 at 06:43
They work, but they may not always work. Strategies are small edges that traders get in the market. However, the market’s volatility is unforeseen. Due to which, your current strategies may not be applicable to future market situations.
Mitglied seit Jun 19, 2021
49 Posts
Mar 22, 2022 at 07:26
My strategy is I only trade pairs in ONE direction only and only trade it when I believe it is going in my direction. That is all. I never switch directions unless I see it is stopping or topped or reversal and I want to protect profit. I do not try to guess direction, hence chasing prices.
*I kill pips for fun.*
Mar 22, 2022 at 11:19
UweMoench posted:True, there is no way to copy/paste others trading strategy or system! We need to build our own trading style manually! On the other hand, only indicator based strategies are meaningless according to my own experience!
Strategies work. But to work a strategy we need to know how to use that strategy. We also need to customize strategy according to our mind set. But for that you need good understanding of market.
Mar 23, 2022 at 07:38
Forex strategies may or may not work. They don’t work because they don’t fit in because of the current market situations. I think traders need to be flexible and have multiple strategies. So they can trade with the current market scenario.
Mitglied seit Nov 06, 2018
83 Posts
Mar 23, 2022 at 09:30
richardmarcus posted:You need a strategy in order to be successful and you need to stick to it. But yes, they do work.
I am compartively new to trading and have many times came accross term like trading strategies can anyone explain me this it is just a myth or they work for real.?
Thanks in advance
Mitglied seit Mar 17, 2022
47 Posts
Mar 25, 2022 at 06:24
Forex trading strategies with an edge are mostly efficient. Traders should keep a check on the efficiency of the trading strategy by backtesting it.
May 09, 2022 at 05:27
They work but not always! Strategies fail because they remain no longer applicable to the currency market situations. Since forex is a dynamic market, traders have to be flexible with their strategies. So they can trade as per the market situations.
Mitglied seit Feb 16, 2022
63 Posts
May 09, 2022 at 14:31
Till now, Demo is the best way to learn Forex! I believe in no superstition because as long as you don’t sufficient knowledge on trading, no one can give you profit. Mental imbalance works as a bar to the way of earning profit. So, before descending on trading, make your mindset in a way that doesn’t inspire to take high risk.
Mitglied seit Jun 07, 2021
72 Posts
May 16, 2022 at 05:08
Yes, profits in forex trading are very relatable to the quality of strategies. Strategy is very important in trading but you should build strategy with deep analysis of the market and using all important tools such as patterns, charts, etc.
Mitglied seit Jan 07, 2022
9 Posts
May 16, 2022 at 14:38
whitneytyler posted:
Yes, profits in forex trading are very relatable to the quality of strategies. Strategy is very important in trading but you should build strategy with deep analysis of the market and using all important tools such as patterns, charts, etc.
So true. A strategy is just the output from analysis
