10-18-2018, 03:48 PM
First, I am using a multiple entry strategy. It is similar to the grid trading strategy. For example, One direction grid trading, bidirectional grid trading or Martingale trading strategy.
Second, I have been building a forex trading plan.
Third, I will use a 20-day moving average to identify the main trends on the Daily chart.
Fourth, I will find the support and resistance on the Daily chart. Because the daily chart is a useful timeframe to trade.
Then I work with only proved brokers from that list https://fx-list.com/regulated-forex-brokers
Fifth, open a demo account and test your forex trading strategy. And then, I will keep a forex trading journal.
At last, many beginners just want to make money in forex. However, the experienced traders will focus on the price actions.
Second, I have been building a forex trading plan.
Third, I will use a 20-day moving average to identify the main trends on the Daily chart.
Fourth, I will find the support and resistance on the Daily chart. Because the daily chart is a useful timeframe to trade.
Then I work with only proved brokers from that list https://fx-list.com/regulated-forex-brokers
Fifth, open a demo account and test your forex trading strategy. And then, I will keep a forex trading journal.
At last, many beginners just want to make money in forex. However, the experienced traders will focus on the price actions.