A way to trade Forex that works for me

FxTim

Junior member
38 1
Personally what i have noticed the best and safest way to trade Forex is to trade on WEEKLY CHART that really helps you to identify the Right trend of the market and you will be doing great . though you will get very less signals but one signal can give you more then 300+ pips alone.
 

SmartGeek

Active member
206 7
I agreed what you said, Definitely we have to adopt some strong strategies to become successful in the market.you can take suggestions from financial market experts to enhance your knowledge regarding right investment.We can not totally rely on luck we have to do efforts to earn a good return.


Yes, of course, we need to have lots and lots of strategies, to become successful in Forex Trading. If you wanna become successful, you need to have lots and lots of knowledge and experience and skills.
 

TeslaTraderCo

Newbie
5 0
I am similar I am always flat when there is large news coming. I also, close all positions with any new significant news.
 

SmartGeek

Active member
206 7
There are many ways to deal in with the Forex Trading, but the best way to deal in with is the manual trading, though it is very risky, it is too much rewarding too.
 

NVP

Legendary member
37,785 2,109
I took a step forward in forex when I started taking account of which currencies are bullish or bearish. This might sound obvious, but its very easy to find you've gone long on a minor USD-based pair when all the major USD pair charts are looking bearish.

Amen brother ......Amen :cheesy:
 

SmartGeek

Active member
206 7
Yeah Manual Trading is the best way to make some good money online, though there are some good brokers in here, but it is very difficult to choose from them.
 

russian_trader

Junior member
26 3
I want to express my modest opinion.
Your way is very simple, but not profitable. You try to simplify the entire process, you exclude news, macro statistics, and other important things. In this case, you will be able to trade very comfortably. But you can't answer on questions: "Why I must earn money? What is my competitive advantage?". Until you will not be able to understand how markets work, you don't earn money. Good luck!
 

SmartGeek

Active member
206 7
Totally Agreed with you, having a simple trading style is not that much effective if you go on with it for a long time, you need to evolve your trading style to achieve success.
 

doubleb

Newbie
2 0
Hey man. Thank you for sharing this but I think talthough the news generates anxiety, it is good to always be informed.
 

shadyee

Junior member
18 1
I would not agree with the last one, sometimes news can be very much helpful for us to trade with Forex, news reading is a good idea according to me.

I share your sentiments here, we can not really control the outcome of events whether they are going to be good or bad.
So too with the news, we just learn from whatever outcome there is. In fact this is a good in the sense that it can be a guard for us or like a warning. It doesn't matter the outcome of any news update, there must be something it can do for us
 

hscot

Member
74 3
There are a lot of ways to trade on Forex. Everyone choose what better for them and for their character. After that, people are beginning to trade positively and make profit.
 

mpups

Experienced member
1,023 143
FOREX can be profitable, in the short-term in the medium-term and in the long-term. Forex is a really difficult business. To make money with forex, you have to know the technique and have enough experience or you lose more than what you make.

You don't need to say "FOREX" in every sentence, we know what the subject is :D
 

markallen

Member
58 1
It's probably a good idea to at least know when news are coming out, even if you don't read them, that way you know when there will be more volatility than usual.
 

NVP

Legendary member
37,785 2,109
i scalp a lot,and have to know what’s coming ......it will,cause a bump in the road .....always .....and post event gauging the movement of key currencies is also very important ....if a currency does not react as expected to news thats absolute gold information for me.....i can use that .....the currency becomes predictable for a brief period with a bias indicate by the news vs reaction

N
 
 
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