FX:EURUSD   Euro / U.S. Dollar
Good Day fam!
High frequency trading known as HFT or HFX is a time based trading where you can trade all types of currency pairs including crypto too!
And as simple as it sounds it’s also hard when you don’t have a strategy or plan. So here are my tips on how to go about high frequency trading.
1. Have a strategy/analysis: They’re lots of strategies in forex and you can also create/devise your own strategy that suits your trading style.
2. Check forex factory for news: This is really important because if a currency has a red folder it might affect your analysis.
3. Check currency Strength: Strength of currencies can affect your analysis and make you lose trades. So it’s always advisable to check it before trading.
4. Proper Risk management: This helps you manage your account and compound properly as to not blow your account after losing a few trades.
5. Know when to leave the market: Sometimes we get greedy and want more profits but over trading exists and it can make you blow your account. So it’s advisable to know when to leave the market.
6. Have a compound plan: Compounding helps you reach your goal and disciplines you.
With these tips you’d be successful in HFT /HFX.
Click on the link in my bio to join my academy to learn the Cashtrap strategy