Hi, I am new in this forum but I am not new to forex. I just want to discuss effective strategies you have in order to have an effective and as much as possible way to have a fast profit.What is your fastest time to gain profit?
Effective Way to Earn from Forex Trading?
- Thread starter Hough Stafford
- Start date
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The more fast way to profit it is systematic trading and analysing your mistakes... unfortunately there are no magic strategy((
Really? Well, I haven't tried it yet although I heard about it. I will try to refer it on my broker. If it is legit and effective, I will have it a try.
But it is very dangerous strategy, you should make decisions very quickly in scalping. It is make a big pressure on your psyche. Only extra profi can deal with it!Really? Well, I haven't tried it yet although I heard about it. I will try to refer it on my broker. If it is legit and effective, I will have it a try.
Hi! I might have given a wrong idea there mate! I apologize.. Anyway, I was talking about your strategy with my broker which is JAFX, and they explain to me well about your suggestion. I was in doubt honestly in that. But I will try to research further just in case.
No, I haven't tried this strategie
I am a newbie in Forex trading and it's not everything fine with my trading in easier strategies. So I even don't want to try scalping. And I prefer more calm trading style.Now I'm trying to trade with ichimoku overlay, most of traders suggested me to use it in my strategie.
I think that after you learn more and realize that you are ready to try something new... you'll try scalping. Just watch the spreads and consider the commission if there is one.No, I haven't tried this strategie
Now I'm trying to trade with ichimoku overlay, most of traders suggested me to use it in my strategie.
I'd say that you are on the right way, you can also check how other indicators work, try some methodologies such as price action, they can make the trading process easier if this method suits you.
I've only spent two decades on this question. Most traders fail at the M1 time frame because they don't utilize real time studies. You can't expect any time frame to provide you returns if you're using studies that are vague to the granular level. But if your study/approach is based upon real time then the expectation of movement becomes clear as it eliminates the toxic break down of trader performance.
Scalpers are the minimum wage workers of the forex world. They believe that by minimizing profit they minimize risk,an incorrect assumption. Your whole bankroll is always at risk in every forex spot trade, regardless of how or where you place your stops or whatever strategies you hope to employ. A small 5 pip loss can easily magnify into a 20 , 30 or more pip loss and become an unmanageable trade when you decide to move your stop , or hedge your position. If you subscribe to the notion that your first loss is your best loss and act accordingly than you must also subscribe to the scalpers mantra " my first profit is my best profit " and take your profits whenever they appear no matter how minuscule they may be,either way a daunting proposition at best. Binary options ( that scam ridden much maligned trading instrument) that supposedly nobody ever makes any money with because of " negative expectation" offers a truly limited risk ( the price of the option ) in exchange for a limited profit. Anyway scalping is more a mindset than a trading strategy, traders look for targets of what they believe is opportunity and hope that volatility will take them out at a profitable price. Good luck with that ,you'll need it.
Really? I heard, that scalping is considered as a quite easy forex strategy for beginners, as it is quite easy to understand.
However, I`m testing this strategy on demo right now and realise, that it`s not so easy as it seems.
However, I`m testing this strategy on demo right now and realise, that it`s not so easy as it seems.
Sir: Please continue to demo test your scalping strategy, the more you test the more you will understand that scalping is not a profitable strategy (if one can call it a strategy at all ), but rather a way to separate you from your money. The only redeeming feature of your test is that it will give you experience trading short time frames and seeing many multiple patterns which can serve as an introduction to price action analysis. Trading forex is a skill that is learned over time , mostly by trial and error.Starting with scalping is not a bad way to begin as long as it leads to more detailed analysis at some future point in time. It's hard to beat a man who won't quit.--EB
