I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.
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Hello Donna,
I have been trading forex for almost 7 months now. When I first started I was totally confused and suffering from information overload. A friend of mine suggested that I try this strategy http://tinyurl.com/yfmmskp. I have to say that it has really helped me to understand trading. Hope this helps answer your question.
I think less is more. Try trading with the general trend with minimum technicalities. You have to learn when is the time to enter into the trade though. That way you don´t enter too late into the trend and then it turns around on you. Lots of practice
I’m no expert on forex by any means.. but I did happen to run across a site a few weeks ago that I bookmarked.. I’m also interested in learning about forex so I took advantage of this site and downloaded the software and ebook courses.. lots of good info, all together around 10K worth of stuff..
I’ll put the link in the resource box so if you’re interested you can take a look.. really great info.
Really a nice question …each and every individual is different ..so out of so many methods select your own …which is profitable and suits to your mind set ..seek assistance from any senior trader or stock guru and then stick on it and keep on modifying it till you wont succeed …
No single strategy can work all the time. Its good to follow a trend but there are times when we need to analyze if the current price level is peak or bottom and at those time we need to go against the recet trend or a reversal. Similarly technical works for short-term trading but we can’t avoid fundamentals. Even the combination of fundamental and technical can fail and we have to also understand the market or mass psychology and market perception. Above all the trading decipline can win the game. This is the reason that we kepy one section on Psychology on ForexAbode.com.
For years I was looking for the best way to make money with Forex, and now i
finally found it