Forex trading success hinges on a well-defined strategy, as it sets a clear direction and methodology, whether it be scalping, day trading, or another approach. Key to this is understanding the market conditions under which your strategy thrives, as different strategies perform variably across market environments. Employing technical indicators is crucial in...
Which of these methods is your favorite trading method? Comment below 👇
🔹 Breakout trading
Breakout trading involves identifying key levels of support and resistance and entering a trade when the price breaks through one of these levels. Traders using this strategy look for price patterns that suggest a breakout is likely to occur. For example, a trader might...
First one style - Scalping
Scalping between 1 second to 3-10 min is literally “scalping” every price movement. We opened a deal, get a profit and closed trade.
Its a risky and nervous way of trading. Meanwhile, scalping remains potentially the most profitable type of trading.
Hardcore scalpers love to fight the market, Their strategy consists in a large...
-Trading encompasses four main styles: scalping, day trading, swing trading, and position trading. The differences among the styles are based on the lengths of time that trades are held. Scalping trades are held for only a few seconds, or at most a few minutes. Day trades are held for a few seconds to a couple of hours. Swing trades may be held for a few days....
1. YOUR TRADER PROFILE
The first thing most traders will have to do is build a portfolio, this process is more complex than just choosing what assets to trade, and in order to build a good portfolio you will need to find your trader profile, which can be determined by asking yourself the following questions:
What is your initial capital?
What is your...
I'm gonna try and keep this short. Today is the start of a HUGE trading weekend, and I still have to get ready and head up.
Anyways. Look at my charts again. This is the 1H tf. I kept all the successful and failed trade setups I entered with annotations for justification, etc.
There are a couple things to do that I didn't.
1) Recognize the larger trend. ...
