Hi Guys,
I am new to trading and trading a few months on the demo account. I want to know what signals you guys use for the trading:
I think I should be using - Trend, Candlestick pattern, Moving Averages, and Fibonacci levels.
The reason being that I think I can understand these signals (as best as I can), and also that using too many signals is not such a good idea. The trading plan is to enter with small volumes and target more pips. Please let me know you opinions and also the signals that you use.
Thank you
you know, the reason why noone answered yet to your thread is simple, you asked a way to general question. noone knows where to even start answering on it. me neither.
I can only give you a general advice that youve probably seen everywhere around on this forum:
you have to find your own style. it wont help you much if anyone tells you his style of trading. sure maybe youll make some pips here and there, but with shortcutting the process of getting familiar with tactics patterns price action and working on the combinations of those in your own perception, you are not doing yourself any favour.
simply said: you have to learn on your own.
there are good thread in here which give great advice. take a look at them, there youll find ideas onto which you can build up on them, if you have a question then you can ask that question in the threads and someone wil answare you very quick.
Edit: and yes you should use a combination of many things.
aswell there are threads where people explain in detail their trading plan/tactics and what oscilators, patterns etc they use to determin direction, entree, exit. there you can find many ideas and pick the ones you like. check it out here: 301 Moved Permanently
Different traders have different methods to trade in forex market. Some are successful, most of them lose money in the long run. Those who make good money, don’t share their systems for free. Some share their work, which you can find in trading system section.
I do not use signals in trading one time i buy signals but not found satisfactory results. I think trading on signals is not easy . I feel comfortable with indicators and charts to analyze market . In this way I do my own decisions for trading.