I’m new to forex trading. I learned the basics.
What are some of the profitable trading strategies available? Let us help one another. Please share.
Let us make babypips the best site to learn everything free.
Ok then delete this thread and read the ones that are already established. Thanks.
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You can utilize fundamental and technical analysis in directional biased trading
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focus on price action strategies,anything dealing with reading price will help you
The first thing you should know about Forex is that there is no holy grail in trading – there is no strategy or system which is guaranteed to profit 100% of the time.
Before you get bogged down in a complex world of highly technical indicators, focus on the basics of a simple day trading strategy. Many make the mistake of thinking you need a highly complicated strategy to succeed intraday, but often the more straightforward, the more effective.
There is a strategy, selling stock options, that has an interesting property, namely that you can make money simply via the passage of time. It’s similar to how insurance companies work. You pay them upfront hoping the insured event doesn’t occur. If it doesn’t, you’re happy and so is the insurance company.
You must bear in mind that no trader in his right mind will tell you how to trade. It is like the effect of January, the Monday Bump or any other known commercial technique. As soon as it is widely known, the profitability of that trade will disappear.
That Monty Python flick was about forex?
@Dennee, use the search tool above in type in the word - befuddled. Look for the thread - befuddled by charts.
Read in its entirety and then apply. It’s a great starting thread depending upon your initial knowledge.
KC