Why 90% of traders fail and how to find a ... - Binomo Demo
I am a Professional trader, analyst and strategist since late 90s. I am successful trader with more than years of experience in Forex and commodity trading. I like to try and help others to learn to trade by providing valuable knowledge about market fundamentals, technical analysis, and Forex trading profitable strategies. My main trading strategy is News Trading, firing trades as the economic data is released.
What is your favorite / most successful Forex trading strategy?
Yes, I know, many people will say that "it's secret", and it's OK not to answer, I respect that too... ☺ However as much as I understand, Forex Trading is usually based on chance, so there is no "100% winner strategy", just better and worse ones. And if someone can trade with an above 50% success, that should make profit on the long term. (*edit: Yeah, as others say Risk-Reward also plays a big role; I mean above 50% like profitability, so if you calculate all the wins & losses proportionally; or simply like 50%+ profitable days / weeks / months, or something like that.) So if you want to answer: ► Which are your favorite assets to trade? (e.g. classic forex pairs like EUR-USD, crypto, market indexes, etc.) ► What is your usual Entry / Exit strategy? ► Risk-Reward ratios? ► Favorite brokers? ► Other general advice? Thanks in advance, and have a nice day! ☀️ ------------
How To Trade Forex | Forex Trading Strategies - Tradewave
How to trade forex is always a challenging chore as well as a task. Trading seamlessly in forex is simply impossible without the proper knowledge, skills, and expertise in this disruptive field in the financial market. Read more : https://tradewave.org/how-to-trade-forex/
up 13.10% this week. i'll probably break even next week. started trading forex mid march of 2018. took me a long time to figure out my strategy. Was down almost $1k at one point now im $64 from breaking even. shyt success is almost at hand...
Learning how to navigate the choppy waters of the forex market means having access to plenty of tricks and tips to improve your trades. These tips and tricks will come from a wide variety of sources, some of which you trust and others you're willing to risk if it'll improve your daily forex trades. Since the foreign exchange market is growing larger by the day, the plethora of available information can be daunting for new traders. The key is to focus only on forex trading tips that are important to you now. Don't worry about information that you don't understand yet, because it won't help your trades today. Look for tips regarding forex basics until you become a more skilled trader. Strategy Tips Don't let yourself get bogged down with complicated currency trading strategies that have no meaning to you as this will only confuse you. Focus on trading strategies that are important for beginner forex traders. There are plenty of complicated trading systems out there intended for those well versed in the foreign exchange market, but implementing trade strategies that are beyond your current skill level can spell disaster. Your best bet is to find forex trading strategy courses and videos to help you understand the basics of trading. Once you have these tips safely stored in your brain, you can begin to focus on advanced trading strategies. Economic Indicators Any tips to forex trading that help you identify significant economic indicators is worth exploring as these tips have the best chance of helping you make successful trades. Many new forex traders have no idea what factors are important to a trade, but tips that encourage you to learn more about the economies of your currency pairs are worth following. Whether you choose to get regular alerts or you simply want to research the information for yourself, any trading tips that help you identify important economic data can improve your trades. Practice First When it comes to implementing forex trading tips the most important piece of advice for you to follow is practice first! Never implement a potentially profitable forex trading strategy into a real money account without first testing it out on a demo account. The internet is full of free forex demo accounts that will allow you to test out any forex trading tip, strategy or technique before risking real money on a whim. This is the best way to see if a strategy tip is legitimate or another scam looking to part you from your money. Additionally, demo forex accounts will let you know how well you understand certain trade strategies. Some trading strategies are difficult to comprehend and practicing following the trends is your best bet at trading profitably each day on the foreign exchange market. With a little patience and plenty of research you can be making profitable forex trades in no time at all!
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