The Best Strategy for FOREX | Forex Review
August 31, 2011 by admin
Filed under Forex review, Forex Trading
www.guideverygood.com
The Best Strategy for FOREX
1. Temperament and Time Frame A key factor in matching your personality with a trading strategy is the main time frame used by a strategy. If you usually seek activities that provide immediate gratification, a strategy based mostly on a four-hour chart will not work for you–even if you see others making money with it. You will be more comfortable trading a strategy that is built around a lower time frame–15, 5 or 1 minute. These time frames demand your constant attention and participation.
2. Skill Level and Discretion Another factor to consider in strategy shopping is your current skill level. New traders will likely not be successful with highly discretionary strategies.
3. Trade Rooms and Signal Services Another way for beginning traders to find winning strategies is to join a trade room or signal service.
4. Creativity The best trading strategy if you have a creative streak is to “roll your own.” Learn about the fundamental tools of technical analysis and, especially, how price action seems to respond to them. Paper and demo trade your strategy for at least 2 months before taking it live,…… By Darrin Koltow to learn more about Forex please visit www.guideverygood.com
when funding a forex account, do you need to give the company a copy of your passport and utility bill?
I am looking to open an eToro account and I am not comfortable with giving a copy of my passport and a utility bill to the company, are these things necessary? Also if you have a good forex site for people with small amounts of funds such as myself, what would you be using? Thank you.
Have you guys used etoro? I like how its setup and the pips are really low. Plus the starting amount is very small.
why does the pip difference change in forex market?
i’m new to the forex market, and i noticed over many days that the difference between the pips of USD/JPY is different on some days. usually the difference between pips is 2 and some days its 4 or 5. why does that happen?
