Pip or A point in price, is the standardized measure of change in a currency pair in forex market. It is the smallest unit of measurement by which a currency quote can change. It is the increment that will be referred when the price chance.

Author Topic: The non-random way to trade How to create and implement your strategy  (Read 5963 times)

Newswire

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The non-random way to trade How to create and implement your strategy

For watching this video you should have at least one trading account. If you are not. Get a trading account for free here!

In this series of forex webinar video we will guide you though the process of identifying your supposed trading niche, asking right questions and exploring your personal strength. Every trader recognizes the need for a strategy to be able to consistently capture profit from the market. Too many traders reduce their strategy to rules of entry, exit and position management. And, what is worse, they just take somebody’s strategy and try to blindly apply it in their own trading. Yet, it may be useful for learning purposes, it alone can’t help you produce stable profit. All successful traders have designed their own strategy suiting their character, risk tolerance and personal strengths.

Trading strategy can be either mechanical or discretionary or both. Do you need to be 100% mechanical trader, or do you need to have more flexibility in decision making process? Regardless of the type of your preferred trading strategy (mechanical or discretionary), you will have to identify your trading niche. Drifting between trading styles will affect negatively on your performance, at least before you obtain enough experience. So, you will have to stick to one trading style at a time.

What type of trader do you intend to be? Do you want to be a position trader, or short-term momentum trader, or maybe you want to be counter-trend scalper? Every trading niche has its advantages and drawbacks, as well as specific parameters of a “norm” (proft factor, proft/loss ratio per trade etc.)




Goloana

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Thank you



Pickle

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To assuage trade, the bank created the nostro (from Italian, this translates to "ours") account stamp album which contained two columned entries showing amounts of foreign and local currencies; instruction pertaining to the keeping of an account following a foreign bank.



svon

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That is great.



bx

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nice



Voyante

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Forex is very great market for traders. According to the Bank for International Settlements, the preliminary global results from the 2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $6.6 trillion per day in April 2019. This is up from $5.1 trillion in April 2016. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2019, at $3.2 trillion per day, followed by spot trading at $2 trillion.



soker forex

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Interesting topic.



simon

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What is foreign exchange trading?

Foreign exchange trading is buying another currency while selling another currency.

What is foreign exchange trading?

The foreign exchange market is one of the most widely traded markets in the world, with an average daily transaction volume of more than 5 trillion dollars. It is one of the largest and most liquid financial markets in the world, and different currencies are continuously exchanged when individuals, companies and organizations carry out global business. There is no centralized location or exchange in the foreign exchange market, so from Sunday evening to Friday evening, you can trade 24 hours a day.

Forex trading allows you to take full advantage of the exchange rate fluctuations of a large number of foreign currency pairs. Forex is usually traded in pairs-for example GBP / USD. You speculate that the currency price of a country will rise or fall relative to the currency price of another country, thus opening positions accordingly.

Base currency and relative currency

Taking the pound / dollar currency pair as an example, the first currency, pound sterling, is called "base currency"; the second currency, dollar, is called "relative currency".

How to operate foreign exchange transactions?

When trading foreign exchange, you usually guess whether the price of the base currency pair will rise or fall relative to the currency. So, in the currency pair GBP / USD, if you think the GBP will rise against the USD, then go long (buy) the currency pair. Conversely, if you think the pound will fall against the dollar (or the dollar will rise against the pound), then short (sell) the currency pair.

If you are right (that is, if you go long for GBP / USD, the value of GBP to USD rises), you will be profitable. But if the transaction is against you, you will lose money.

You can use leverage for foreign exchange transactions, it will increase your potential gains, but it will also expand your potential losses.



Yuita

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Enter online forex trading. How to start forex trading.

It is because of the emergence of the Internet that you can trade on the foreign exchange market in the same way as traders from the largest banks and investment funds.

You only need a computer connected to the Internet and a trading account opened at a foreign exchange broker to get involved in trading.

The best broker for forex trading around the world is Exness. Which is a powerful broker that many profitable forex trader use.



megas

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Thank you



Lennor

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How to create a Forex trading strategy?

When trading Forex, the term strategy or many people use the term trading strategy is very important. Because it is a plan for trading But which plan will make a trader successful? Today, there are ideas for creating a girlfriend that will enable us to create our own plan to suit our own behavior.

The video in this post shows how to build a good Forex trading strategy.



MiltonWanny

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Reply #11 on: June 29, 2020, 03:37:45 AM
Добрый день
Пробовали



sunjer

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I like this
The non-random way to trade How to create and implement your strategy



Thala

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This is great for people who wonder what are must have forex indicators.



 

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