Still new to trading last few weeks have been tricky for me I would say 50-50 on my trades but I am only using candlesticks on my trades and still learning these, should I be using more or carry on learning candlestick.patterns.
Any advice would be great from more experienced traders welcome.
Thanks in advance
50-50 is good if your risk to reward is above 1:1. If it works then you can just leave it as you are. However, I would advise you should learn all that you can. You never know what you might learn which might improve your profitability.
i d suggest u learn how to spot relevant support and resistance, and just trade engulfments and rejection pins at those areas. RR 2 to1, stop above the pattern. of there are ways to add more confluence to this market aproach to incrase the odds of succes, but for beggining just focus on learning very well these 2 patterns and basic support and resstance, u ll be amased what u can achieve. oh, and choose a lot size and only stick to that, do not increase lot sizes revenge trading and whatknow, or better yet just use a fixed % per trade. it s good to form the good risk habbits earl on, if not u ll be havin troubles later on, hope this helps, cheers