If there was no slippage then we could have traded the news. The stop loss functions does not work on that fast paced market. And if a trade goes wrong then losses become bigger at those time because stop loss does not hit where it is supposed to be.
-
The Forex, Binary Options Forum - welcomes you to our Community!DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.
Please take a look around, and feel free to .
Creating a trading strategy
- Thread starter davidjss
- Start date
If there was no slippage then we could have traded the news. The stop loss functions does not work on that fast paced market. And if a trade goes wrong then losses become bigger at those time because stop loss does not hit where it is supposed to be.
In my trading career, I don’t believe currency correlation strategy here, every trading pair moves on it specific market principle! On the other hand, I am not interested on exotic trading pair of Forex! In my live trading account I use only major trading pairs! Besides, recently I have added few Commodities and CFDs trading instrument in my live trading chart!
Strategy will be profitable if the maximum is already owned , for me it is always to try to learn as possible in a demo account to hone knowledge and trading skill to become better and better able to understand forex working properly also profitable.
In my practice account, I worked with more than 20 trading strategies! I tested almost 45 trading pairs! But now I use only EUR/USD, GBP/USD and NZD/USD trading instrument with my personal trading system, yes that was a long time process, even till now I am trying hard to improve my accuracy!
I don't use currency correlation related strategies. But it does not mean they don't work. There are many topics involving currency correlation strategies. And people are trading with them.
Good decision mate; as I see correlation increases the headache; so same from me.
If everyone could make trading strategy? or only certain people can make.
Whatever it is mate; making a profitable trading strategy is not easy task; it takes such a long time to make; that’s the reality. Besides, so called online profitable strategies don’t work.
Lol. I don't use it because I don't find a place for it for my trading.
Anyone can make their own trading strategy. The thing is you have to start from somewhere. Then build it brick by brick.
If you take other's strategy then make it your own before going live.
The reason why people fail in Forex is the lack of trading strategy. In my opinion, beginners should start with technical analysis since using indicators can help give them direction trading. Fundamental analysis is not only confusing, but it's a challenge to experienced traders as well
OK, how big is it works?
By he way, till now there have so many poplar trading strategy like price action; martingale etc; so traders can follow these strategies by their own way! No need to discover a new system at all.
Hopefully with 5 forex strategy that you write, can make me successful.
You don’t need 5 strategy mate; only one is enough! I used tons of trading systems but now using only Price Action trading system.
From the News
-
7BForex Broker: Closed
-
Afterprime Broker: Reviews and Specifications
-
ForexVox – 30% Deposit Bonus
-
ForexVox – 20% Floating Deposit Bonus
-
ForexVox – 100% Welcome Bonus
-
ForexChief – Gold Whale Monthly Contest
-
Pacific Union – 50% Deposit Bonus
-
Pacific Union – Refer a Friend
-
Ventezo – WINtezo Monthly Contest 2023
-
Headway – Dreamway: Share a dream, make it real
New Threads
-
-
-
-
How to Check the Journal tab and Reports (only in MT5)
- Started by fares2050
- Replies: 0