I am new to Forex and I am about to start my first trades.
Membro Desde Jun 05, 2024
12 posts
Jun 06 at 01:50
I am new to Forex and I am about to start my first trades by mapping the EUR/USD and JPY/USD pairs. After watching many videos, I adopted the strategy of using MACD and a 200-period moving average, always following the trend. When the MACD line crosses with the 26-period average, I enter a sell or buy position depending on whether it is above or below the 0 axis. My leverage today is 1:1000 and my account balance is $1,000. For the experienced traders here in the forum, is this a good strategy? Can you give me tips? Do you make a living from trading?
I will be doing Day Trading on MT5.
I will be doing Day Trading on MT5.
Jul 04 at 12:58
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Membro Desde Mar 16, 2022
7 posts
Jul 06 at 08:01
I tried your strategy and it is not bad. The longer the period the better, and the choice of MA(200) is correct as well. I did not understand where you want to open the trade. See my screenshot and draw where you intend to open your Buy trade. Than we can discuss it
Anexos:
Membro Desde Jun 05, 2024
12 posts
Jul 08 at 20:21
Petr_Nemec posted:Thank you for your importance bro. I would have entered where I marked on the chart, see if it would be right.
I tried your strategy and it is not bad. The longer the period the better, and the choice of MA(200) is correct as well. I did not understand where you want to open the trade. See my screenshot and draw where you intend to open your Buy trade. Than we can discuss it
Anexos:
Membro Desde Jun 05, 2024
12 posts
Jul 08 at 20:22
WolfUmair posted:Thank you for the tips. I know the basics of graphical analysis, as I have already operated in binary options, I want to combine my knowledge with some indicator, I thought this would be good. What do you think?
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Jul 09 at 13:20
Oliveira27trader posted:its your choice bro. you need to find out some real youtubers who trades in options. i only know the guy who trade in options is Umar Ashraf search on youtubeWolfUmair posted:Thank you for the tips. I know the basics of graphical analysis, as I have already operated in binary options, I want to combine my knowledge with some indicator, I thought this would be good. What do you think?
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Membro Desde Dec 13, 2023
4 posts
Jul 11 at 19:29
The less leverage you use in forex, the longer you will stay in forex. To make forex your main profession, you should ideally use no leverage at all. Your strategy is definitely risky and not good because if news is released, there will be flash candles with huge losses
Membro Desde Apr 14, 2022
37 posts
Jul 15 at 06:40
Hey! Welcome to Forex Trading! A couple of quick tips:
1.Start small to get a feel for things without risking too much.
2.Keep learning and adapting; mistakes are your best teachers.
Happy trading, and if you need any help, just ask!
1.Start small to get a feel for things without risking too much.
2.Keep learning and adapting; mistakes are your best teachers.
Happy trading, and if you need any help, just ask!
Membro Desde Jul 15, 2024
11 posts
Jul 15 at 11:39
Nice advice.
How long have you been trading?
How long have you been trading?
Membro Desde Sep 21, 2021
1 posts
Jul 20 at 19:07
Just sharing my experience, I went from indicator, supply demand , and finally ICT.
After learning all those strategies, I craft my own price action technique and stick with it. It took me 3 years to finally gain consistency in trading.
My advices is, start with demo, test all the strategies and collect data minimum 1 to 2 years. You also need to decide which time frame are you going to trade, LTF or HTF, and etc.
After learning all those strategies, I craft my own price action technique and stick with it. It took me 3 years to finally gain consistency in trading.
My advices is, start with demo, test all the strategies and collect data minimum 1 to 2 years. You also need to decide which time frame are you going to trade, LTF or HTF, and etc.
You'll figure it out, trust me
Jul 31 at 09:57
Oliveira27trader posted:Your method for the 200-period moving average and MACD is effective. Because you are utilizing a leverage of 1:1000, you need to focus on risk control. One option is to test your approach using a demo account. Some effective platforms that I have used and continue to use include fxview and pepperstone. Check if the broker is providing you with the indicator you're looking for. This is a great way to test and validate your strategy before trading with real money.
I am new to Forex and I am about to start my first trades by mapping the EUR/USD and JPY/USD pairs. After watching many videos, I adopted the strategy of using MACD and a 200-period moving average, always following the trend. When the MACD line crosses with the 26-period average, I enter a sell or buy position depending on whether it is above or below the 0 axis. My leverage today is 1:1000 and my account balance is $1,000. For the experienced traders here in the forum, is this a good strategy? Can you give me tips? Do you make a living from trading?
I will be doing Day Trading on MT5.
Membro Desde Jan 22, 2016
7 posts
Aug 01 at 12:45
Your strategy using the MACD and a 200-period moving average is a good starting point, but be cautious about relying solely on indicators. It’s important to incorporate broader market analysis and risk management techniques, especially with high leverage. D
Membro Desde May 15, 2024
15 posts
Aug 14 at 16:32
Good day,
Your strategy indeed looks like a promising one but number one rule is risk management. You require room to risk a lot to earn some it seems. You can always visit our site for our pro team to assist if needed at
Thank you and good trading !
Your strategy indeed looks like a promising one but number one rule is risk management. You require room to risk a lot to earn some it seems. You can always visit our site for our pro team to assist if needed at
Thank you and good trading !
Let the pros do the work for you!
Membro Desde May 15, 2024
15 posts
Aug 20 at 05:18
Good morning all,
I personally use Exclusive Markets under a “standard plus” account. Spread is fixed at 0,9 pips. With my strategy implemented that’s great so I would recommend you visit their site for more information.
I personally use Exclusive Markets under a “standard plus” account. Spread is fixed at 0,9 pips. With my strategy implemented that’s great so I would recommend you visit their site for more information.
Let the pros do the work for you!
Membro Desde Aug 20, 2024
46 posts
Aug 20 at 10:31
ialhamdazeez posted:Asslamu-alikum! isn't leverage considerd gambling and is haram ?
The less leverage you use in forex, the longer you will stay in forex. To make forex your main profession, you should ideally use no leverage at all. Your strategy is definitely risky and not good because if news is released, there will be flash candles with huge losses
Membro Desde Aug 23, 2024
1 posts
Aug 23 at 09:17
WolfUmair posted:Great
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Membro Desde May 15, 2024
15 posts
Aug 23 at 15:14
PepeTrading posted:yes this statement is correct especially for newbies!WolfUmair posted:Great
dude don't rely on indicator. learn price action, support resistance, market structure, FVG/Imbalance, BOS, CHOCH, and if you are new trade only London and new York session don't go to the XAUUSD(Gold). pick three pairs EUR/USD GBPUSD and GBPJPY take 2 trade only risk 0.5% each trade if you loss 2 trade then stop that's call day Off. never ever try to recover and your loss you gonna start revenge trading.
Let the pros do the work for you!
