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+--- Thread: What forex trading strategies do you use? (/Thread-what-forex-trading-strategies-do-you-use--13545)
What forex trading strategies do you use? - Brexit - 10-17-2018
What forex trading strategies do you use?
RE: What forex trading strategies do you use? - poliq - 10-17-2018
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.
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.
RE: What forex trading strategies do you use? - SwartzCar - 10-18-2018
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.