fxbam
I've tried many types of strategies with Forex, and I now know what I'm doing. Forex is a market like any other. If you have the right strategy and understand the fundamentals of the market and how it functions, you have the potential to make more money than most people.
What I currently believe works well for trading is trying to understand how the market moves without indicators. You start looking at the charts differently trying to identify where the liquidity is in the market.
Start looking at the charts completely bare if indicators haven't been working for you. That's what I do.
I also focus on different time frames when looking at these charts. For example, if I'm looking at an intraday chart, I look at the hourly chart to see how it's trending. If it's trending up, I'll be looking to buy the pullback that comes along with that trend.
If you are near an area on a higher timeframe, then it wouldn't be a good idea to buy on the pullback, and might be better to wait and see how the price will react.
What I currently believe works well for trading is trying to understand how the market moves without indicators. You start looking at the charts differently trying to identify where the liquidity is in the market.
Start looking at the charts completely bare if indicators haven't been working for you. That's what I do.
I also focus on different time frames when looking at these charts. For example, if I'm looking at an intraday chart, I look at the hourly chart to see how it's trending. If it's trending up, I'll be looking to buy the pullback that comes along with that trend.
If you are near an area on a higher timeframe, then it wouldn't be a good idea to buy on the pullback, and might be better to wait and see how the price will react.
fxbam
My name is John F and I'm 48 years old. My journey with Forex began almost 5 years ago. I enjoy exploring and backtesting new strategies. Automatic and manual trading systems are considered. My personal preference is trading a bare chart. The information I've consumed through the years was essential to build a strong foundation. I spent 20 years working in a labor-intensive factory. Working for a Prop Firm is the best option.