Hi, beginner here!
I’ve been reading up on trading Forex since the beginning of this year. I’ve got a basic grasp on charts, candles, patterns and indicators (still a lot of studying to get through however).
I’m having trouble selecting a working stratagy to use on my demo account, I think I want to pursue trend trading. I’ve had good results drawing trend lines and I’m concentrating my studying on spotting them early, and identifying when they are coming to an end. My question is…
Is it enough to use tend line and candle analysis along with an oscillator (RSI or stochastic) to successfully speculate on the market to become profitable?
A further question being; can I pick any currency pair that I believe is, or is about to trend, and apply these tactics? Or are the methods I mentioned above only suitable for certain pairs.
Any insight from a seasoned trader would be greatly appreciated. Many thanks!